European Central Bank (ECB) 2018 PAID Traineeships in Legal Services (€1,050 per month)
Type of contract:Traineeship of between 3 and 12 months in total.
Who can apply: EU nationals who are eligible according to our traineeship programme (Read more)
Salary:The trainee grant is €1,050 per month plus an accommodation allowance.
Place of work:Frankfurt, Germany
Closing date for applications:
You will be part of the Directorate General Legal Services. Our Directorate provides advice on the legal aspects of the regulatory, institutional and contractual framework of the ECB, the European System of Central Banks (ESCB) and the Single Supervisory Mechanism (SSM). We prepare legal instruments and address questions relating to the interpretation of the Treaty on the European Union and the Treaty on the Functioning of the European Union. We prepare the ECB’s opinions on draft legislation and contribute to the definition of the ECB’s legal position vis-à-vis EU institutions and in the international fora. We also provide legal advice to the ECB’s management on administrative matters and represent the ECB in court.
We are currently working on a number of ECB legal acts and legal advice to the ECB decision-making bodies on a range of important legal issues relating to monetary policy, payment systems, banking supervision and institutional matters. We also actively participate in ongoing discussions with other European and international stakeholders relating to a wide range of regulatory issues.
We are looking for trainees to join one of the following Divisions: the Institutional Law Division (ILA), the Financial Law Division (FLA) and the Supervisory Law Division (SLA).
To further enhance the diversity of our team, we particularly encourage applications from female candidates.
You will be assigned to one of the three Divisions where you will carry out research and prepare legal advice in close collaboration with experienced Legal Counsels.
In the ILA you will contribute to the provision of advice on legal questions related to central bank law, the ECB’s privileges and immunities, and all aspects of ESCB and Eurosystem governance, covering EU civil service law, contracts and procurement law (including non-financial contracts). You will also be dealing with legal issues concerning accounting, auditing and taxation, euro banknotes and intellectual property.
As part of the FLA you will support the provision of advice on legal questions related to market operations, monetary policy, financial market infrastructures (including ESCB projects such as TARGET2 and TARGET2-Securities), the oversight of payment and settlement systems, statistics, financial services legislation and financial stability.
In the SLA you will help us with the interpretation of the rules which the ECB applies in its supervision of credit institutions, such as authorisations, capital and liquidity requirements, reporting and disclosures, crisis management, and enforcement and sanctions. You will also assist us in the preparation of advice relating to the institutional aspects of the SSM.
The position offers you excellent opportunities to gain experience in the provision of legal assistance in matters related to institutional, financial or supervisory law and to put into practice the knowledge and skills which you acquired during your studies. Working together with more experienced colleagues, you will have the opportunity to improve your skills and develop as a young professional. You will be part of our multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizen
Qualifications, experience and skills
- a bachelor’s or higher degree in law, obtained in a Member State;
- applicants with a bachelor’s degree in a discipline other than law, but with a master’s degree or PhD level qualification in law, may also be considered;
- an awareness of and interest in the role and functioning of the ECB;
- an advanced command of English and an intermediate command of at least one other official language of the EU;
- working knowledge of MS Office;
- a specialisation, work or research experience, publications or a master’s or doctoral thesis in fields of law of direct relevance to the work of at least one of the three Divisions (ILA, FLA or SLA);
- sound knowledge of EU law, financial law, contracts and procurement law, or other fields of law of direct relevance to the work of at least one of the three Divisions;
- working knowledge of French or German.
You are curious and eager to learn, and want to further develop your ability to analyse complex information. You are keen to collaborate with others, pursue team goals and learn from other people’s diverse perspectives. You strive to know and anticipate stakeholder needs, and will signal any need for change and propose alternative solutions.
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