Financial Sector and Market Analysis Trainee

Deadline for application: 30 June 2025. The ESM is looking for candidates studying towards (or recent graduates from) a PhD, or master’s degree to assist the FSMA division within the Chief Economist Department.  

The FSMA division is part of the Chief Economist Department; its team is a key contributor to the design and implementation of analytical tools in order for the ESM to achieve its enhanced mandate.  The FSMA team provides risk analysis and technical advice on regulatory and policy matters related to the euro area financial sector and its member states. It follows financial sector developments, market activity of both bank and non-bank financial institutions and related indicators. It informs country monitoring with its financial sector view and assists other divisions in response to financial assistance requests by assessing potential financing needs and sectoral weaknesses in view of conditionality setting. 

 Through this traineeship, trainees will have the opportunity to acquire practical experience and knowledge of the day-to-day work of the different business areas and to work in a multicultural environment, and will be introduced to the professional world and the constraints, duties and opportunities therein. Trainees will closely collaborate with experienced professionals within the organisation to gain hands-on experience and develop their skills in applied economic analysis, data analysis, and modelling. ESM colleagues will assist them in their duties, with also the opportunity to interact with external stakeholders. 

KEY ACCOUNTABILITIES 

• Assist in compiling, managing and analyse large macro-and microeconomic datasets; 

• Utilize SQL to extract, transform, and load data from various sources; 

• Assist in developping and maintaining Power BI dashboards for presenting key metrics and insights; 

• Support in conducting econometric analysis; 

• Assist in presenting findings in internal notes, presentations, or seminars.  

EDUCATIONAL & PROFESSIONAL EXPERIENCE  

•  Candidates (or recent graduates under one year since graduation) for a Master’s Degree in Data Science, Statistics, Finance, Economics, or a related field. PhD students must be within a year or two of completing a Ph.D. and be in active student status. Strong interest in corporate data analysis and economic research. 

• Analytical skills in panel data econometrics. 

• Knowledge of Power BI and a basic understanding of dashboard design principles. 

• Knowledge of econometrics software packages, such as Python, R, Stata or related software for data analysis, statistical modelling, and visualization. 

• Proficiency in SQL for data extraction, transformation, and loading. 

• Prior experience with Moody’s Orbis database or similar firm-level databases is desirable and will be considered a strong asset. 

• Excellent oral and written English skills, additional languages are an asset. 

KEY COMPETENCIES 

• Strong analytical and technical skills. 

• Communication and Interpersonal skills 

• Problem-solving and creativity. 

• Teamwork and collaboration 

• Developing self and others 

• Innovative thinking 

• Proactive attitude and self-organised skills. 

APPLICATION PROCESS AND PRACTICAL INFORMATION 

• Deadline for application: 30 June 2025 

• Expected start date: as soon as possible 

• Expected duration: at least six months, renewable once for up to another 6 months 

• Competitive allowance granted. 

Note: Please make sure your availability clearly appears in your CV.

The ESM aims to provide equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation or disability. To further enhance the diversity of our workforce, we particularly encourage women to apply.

Note 1: the ESM reserves the right to refrain from hiring, or to slightly modify job responsibilities, as needed. 

Note 2: As a result of the selection process, please note that you may be placed on a ‘reserve list’ valid for a duration of six months during which you might be considered for a similar position with a similar level of requirements. Only those candidates who have been notified will be placed on the ‘reserve list’. After this period, you will need to apply again for our vacancies to be considered for a different selection process.

The European Stability Mechanism (ESM) is the permanent crisis resolution mechanism for euro area countries. It provides financial assistance to Members facing financing difficulties. To date, the ESM and its predecessor organisation, the European Financial Stability Facility (EFSF), have launched six financial assistance programmes to five countries, provided financial support, monitored repayment capacity, and engaged with partner institutions for programme design in areas of financial interest.

The ESM is a unique place to work with around 230 individuals committed to making a difference to the future of the euro area. It recruits talented professionals of any nationality from both the private and public sectors. The ESM’s senior management is committed to preserving and enhancing a diverse, inclusive recruitment and work environment.