Deadline for application: 7 September 2026. We are looking for candidates pursuing, or recently graduated from, a master’s or PhD programme to assist the Financial Sector and Market Analysis division within the Chief Economist’s department of the European Stability Mechanism (ESM).
The Financial Sector and Market Analysis division plays a key role in the design and implementation of analytical tools that support the ESM’s mandate. The team provides financial stability risk analysis at both euro area and country level, as well as technical advice on regulatory and policy matters related to the euro area financial sector and its member states. It monitors financial sector developments and market activity of both bank and non-bank financial institutions, along with related indicators. It also supports country monitoring with financial sector analysis and assists other divisions in responding to financial assistance requests by assessing potential financing needs and sectoral weaknesses relevant to conditionality setting.
PURPOSE OF THE TRAINEESHIP
This role will provide the opportunity to acquire practical experience and knowledge of the day-to-day work of the different business areas within a multilingual and multicultural environment. You will be introduced to the professional world and the constraints, duties, and opportunities therein. While working closely with experienced professionals you will gain hands-on experience and develop skills in applied economic analysis, data analysis, and modelling. You will be assigned to ongoing analytical projects, including a novel workstream to deepen the analysis of macro-financial linkages, and will support the team in collecting, cleaning, and analysing data. Your colleagues within the institution will assist you in your duties and offer opportunities to interact with external stakeholders.
KEY ACCOUNTABILITIES
Assist in compiling, managing, and analysing large macro-and microeconomic datasets.
Code to extract, transform, and load data from various data sources.
Support in conducting econometric analysis.
Assist in presenting findings in internal notes, presentations, or seminars.
EDUCATION AND OTHER RELEVANT EXPERIENCE
Fluency in English, both oral and written, is required.
Applicants should demonstrate good understanding and ability to apply:
Panel data econometrics
Python for data acquisition, transformation, and analysis, including accessing data from external databases and APIs
Statistical/econometric modelling packages, such as Python, R, Stata, for model estimation, hypothesis testing, and visualisation
Power BI and dashboard design principles
KEY COMPETENCIES
APPLICATION PROCESS AND PRACTICAL INFORMATION
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: The ESM reserves the right to refrain from hiring, or to slightly modify job responsibilities, as needed.
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.
The European Medicines Agency (EMA) is a decentralised body of the European Union with headquarters in Amsterdam. Its main responsibility is the protection and promotion of public and animal health, through the evaluation and supervision of medicines for human and veterinary use.
