Type of contract: Temporary Agent
Function group and grade: AD5
Duration of contract: 5 years, with possibility of extension
Department: Not specified/any ESMA Department
Place of employment: Paris, France
Deadline for applications: 31/01/2020 (23:59 hrs, Paris local time)
Reserve list valid until: 31/12/2021
ESMA is an independent EU Authority that was established on 1 January 2011. ESMA's mission is to enhance investors' protection and promote stable and orderly financial markets. This mission is derived from ESMA's founding Regulation and encompasses three objectives:
ESMA`s four main activities:
ESMA achieves its mission within the European System of Financial Supervision (ESFS) through active co-operation with National Competent Authorities (in particular with securities market regulators) as well as with the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA). ESMA has a unique position within the ESFS as it focuses on the securities and financial markets dimension and the overarching European aspects of these objectives.
For further information, please refer to ESMA's website: http://www.esma.europa.eu.
The aim of this vacancy notice is to establish a reserve list of suitable candidates for the profile of Supervision & Convergence Officer for several available positions linked to current and future workstreams.
With the recently agreed additional responsibilities for ESMA, there is a particular need to strengthen our capabilities, to support our direct supervision activities, our efforts in supervisory convergence, as well as to continue to improve our regulatory and cross-cutting functions.
This profile is for you if you:
ESMA applies a risk-based approach to supervision, which means that - following a thorough registration process - ESMA actively prioritises a number of high priority supervisory issues. Through a variety of supervisory tools, including an increasing on-site presence and detailed desk-based analysis, ESMA aims to have a good understanding of the entities that it supervises and of their risks. ESMA enforces breaches in a proportionate and effective manner and evaluates continuously its supervisory activities to further improve the effectiveness of its supervision.
Supervisors at ESMA may participate in the following activities:
ESMA acts or will act as direct supervisor in the following areas:
ESMA is particularly looking for experts with experience in IT/Data supervision, using proprietary and commercial data. ESMA collects and analyses a wide and growing range of regulatory data that we use actively in our supervisory activity. As part of supervision, experts are also dealing with data management, quality management, continuity, automation, and are looking for statistical evidence and anomalies.
As part of its supervisory activities, ESMA conducts independent investigations in the context of enforcement procedures involving supervisory measures and fines. ESMA staff may provide legal advice and interpretation on material and procedural questions, and outside its direct supervisory activity may also handle complaints against national competent authorities.
Ensuring consistent supervisory practices and well coordinated supervision among national competent authorities (NCAs) is a key objective for ESMA under its Strategic Orientation 2020- 2022. NCAs need to act as one and coordinate their supervision in situations that involve more than one NCA to ensure smooth cross-border business. ESMA acts as facilitator in these situations by developing itself as a hub for expertise sharing and for the development of common supervisory responses.
Staff in charge of supervisory convergence support ESMA in reaching the above mentioned objective, in a given regulatory area or from a transversal perspective (e.g. through conducting peer reviews assessing NCAs' supervisory practices).
The supervisory convergence activities are covering all major regulatory areas of ESMA, such as: Investment management; Investor protection and intermediaries; Corporate finance and Page 4 of 8 reporting; Environmental, social and governance (ESG); Trading; Market Abuse; Benchmarks. Direct supervisory experience in any of these or other areas at national level will be an important asset to help ESMA promote supervisory convergence across the Union financial markets.
ESMA assesses the third country frameworks and the criteria for granting equivalence, and monitors third-country developments (i.e., regulatory, supervisory and market developments in third country as well as the supervisory record of third country authorities) in jurisdictions subject to a positive equivalence decision by the Commission. The purpose of this monitoring is to ensure that the conditions upon which the equivalence decision is based continue to be fulfilled on an ongoing basis, with a particular emphasis on third-country developments that may impact the financial stability of the Union or its Member States.
To be considered eligible, candidates must satisfy all the eligibility criteria listed below, by the deadline for submitting applications:
Applications which fulfil the above Eligibility criteria (part A) will be assessed and scored against the Essential requirements (part B.1). Candidates who do not meet all of the Essential requirements (part B.1) will be excluded from the selection process.
Candidates who meet all of the Essential requirements (part B.1) will be assessed and scored against the Advantageous requirements (part B.2).
Within this comparative evaluation of applications, the 60 best candidates (who obtain the highest scores and reach a minimum score of 60%) will be invited first for the written test. Consequently, the best candidates, who reach a minimum score of 60% for the written tests, will then be invited for the oral interviews with the ESMA Selection Board.
a) Knowledge, proven by education or work experience, of the EU financial sector;
b) Work experience of at least three (3) years (acquired after obtaining the minimum qualification, see point 3A):
c) Excellent drafting skills in English and clear and concise writing style.
d) Work experience in at least one of the following areas of the financial market:
e) Work experience in Data analysis; Data programming or modelling;
f) Project management experience (mention role, budget, size of project team);
g) Experience with national authorities or EU institutions in the context of the financial sector;
h) Experience in collecting and analyzing information from different jurisdictions;
i) Experience with forensic tools, running investigations/inquiries (forensic skills); and
j) Motivation for the advertised position.
INTERVIEWS & WRITTEN TESTS PHASE
Candidates invited for written test and interviews will be assessed against all selection criteria (parts B1 & B2 & B3).
k) Ability to work both collaboratively and autonomously;
l) Ability to communicate clearly and effectively with internal and external stakeholders; and
m) Ability to challenge others' views while maintaining good relationships
Candidates who receive at least 60% of the maximum points in both the interview and written test will be included in the reserve list of suitable candidates.
The established reserve list may be used for the recruitment of a similar post depending on the needs of ESMA. Please note that inclusion in the reserve list does not guarantee recruitment.
You must submit your application via the 'Apply' button. ESMA does not accept applications submitted by any other means.
All sections of the application must be completed in English. In order to be considered, applications must be received by 23:59:59 CET on the closing date. We advise you to submit your application well ahead of the deadline, in order to avoid potential problems due to heavy traffic on the website.
Please consult the Candidates Guidelines for instructions on completing your application. Following the submission of the application candidates will receive an automatic email acknowledging receipt of the application.
Please note that all correspondence will take place by email, so candidates should ensure that the email address associated with applicant's account is correct and that it is checked regularly.
Applicants will be assessed on the basis of the eligibility and selection criteria specified in the vacancy notice (as explained in part 3) and these must be met by the deadline for submitting applications.
Information reserved for applicants employed under Article 2(f) of the CEOS, in EU agencies other than ESMA:
According to ESMA Management Board decision ESMA/2015/MB/56, adopting the implementing rules on the procedure governing the engagement and use of temporary staff under Article 2(f) of the CEOS, and in particular Article 12 (2), if a successful applicant from this external selection procedure, on the closing date for applications, as well as on the day of taking up duty at ESMA
a) to be assigned to the post by means of mobility, as per Article 10 of ESMA/2015/MB/56. In this case the contract at ESMA will be in continuity with the contract of the previous agency (namely with regard to grade, step, seniority in step, and duration),
b) to be assigned to the post on the basis of a new contract for a fixed period of five years, subject to the probationary period of 9 months, at the grade indicated in this external vacancy notice (AD5).
For more information, please refer to Careers' page of ESMA: https://www.esma.europa.eu/about-esma/careers.
Candidates' personal data are processed as required by the Regulation (EU) No 2018/1725 of the European Parliament and of the Council of 23 October 2018 on the protection of natural persons with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and on the free movement of such data. 17 This applies in particular to the confidentiality and security of such data. For more information, please check the privacy statement on recruitment procedures.
ESMA will take all necessary measures to ensure the confidentiality of the procedure, however it cannot be ruled out that candidates see one another on the day of the interview or written test.
Agency calls not appreciated.