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Please see below an opportunity to work with unique high-frequence financial data and carry out research and build tools for analysing financial networks. You can get in touch directly with me on any questions. Feel free to forward to anyone you think might be interested.
Please note that the application deadline is this Friday. Also... applicants must be nationals of an EU Member State.
European Central Bank
Traineeship (PhD level)
Business Area Payments & Market Infrastructure
Directorate / Division Oversight Division
The Oversight Division, part of the Directorate General Payments and Market Infrastructure of the European Central Bank, is responsible for: (i) defining policies in relation to the oversight of payment systems; (ii) conducting the continuous oversight of TARGET2 and the Euro Banking Association’s EURO1 and STEP2 systems; (iii) contributing to the oversight of the main infrastructure for securities and derivatives clearing and settlement; (iv) monitoring developments in the payments, securities and derivatives clearing and settlement landscape (including correspondent banking and custodian business); (v) contributing to the oversight of SWIFT and the Continuous Linked Settlement system; and (vi) carrying out technical oversight (including the oversight required for business continuity purposes of payment, clearing and settlement systems).
The holder of this position will be entrusted with the following main tasks:
- assisting with research on financial networks and large-scale simulations;
- conducting statistical analyses of high-frequency data; and
- developing and using proprietary data analysis and simulation tools.
Qualifications and experience
The successful candidate must have the following knowledge and competencies:
- Postgraduate or PhD-level university degree in finance, economics or a related field.
- An academic publication record.
- Experience of simulation methods, algorithm development, graph or network theory, and network analysis and/or visualisation.
- Fluent command of English with proven drafting ability.
- Conversational command of at least one other official language of the EU is also required.
- Familiarity with statistical analysis software (e.g. Stata, SAS or R). ·
- In-depth programming skills (e.g. in C++, Java or Python).
The successful candidate will have the following behavioural competencies:
- good interpersonal and communication skills;
- the ability to learn quickly;
- a strong sense of initiative and self-motivation; and
- the ability to work as part of a team in a multicultural environment.
Duration of contract / Closing date
The internship will be for a period of three to six months.
Closing date for applications: 7 May 2010
Applications are to be made in English and submitted using our online application form. An “Applicants’ Guide” can be downloaded from the “FAQs & Help” page.
Applicants should also submit a complete record of undergraduate and postgraduate studies (with a list of courses and grades), and letters of recommendation from their supervisors or faculty members. The documents should be uploaded as a single .doc or .pdf file.
Applicants must be nationals of an EU Member State.
Successful candidates must provide evidence that they have medical insurance cover for the period of the internship.
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