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European Central Bank

Traineeship in the Business Cycle Analysis Division

Frankfurt
  • Neu
  • Veröffentlicht am 08.01.2025
  • Trainee

Your role

As a trainee you will:
  • contribute to the regular work of the Division, for instance by preparing tables and charts for reports and presentations for Executive Board members and the Directorate General’s senior management in collaboration with other business areas;
  • use the results of the CES to enhance the Division’s understanding of the euro area household sector and to formulate policy advice;
  • process, consolidate and transform datasets, and maintain and develop databases and visualisation tools in order to monitor real economic developments, often using microdata;
  • assist in adapting regular work processes and data management to changes in the data system using modern tools and technologies;
  • conduct empirical analyses using data analytics and statistical and econometric tools to support policymaking bodies;
  • contribute to the enhancement of analytical, econometric and forecasting tools.
  • The position offers you excellent opportunities to develop your quantitative skills, contribute to analytical tasks and work with experienced central bank economists on topical economic issues. It also provides you with a unique opportunity to gain insights into economic analysis and policy decision-making in a central bank. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

    Qualifications, experience and skills

    Essential: 
  • a bachelor’s degree or higher in economics, statistics, data science or another relevant field;
  • practical experience of working with databases, including data quality validation, and preparing charts and tables for reports and presentations;
  • practical experience of working with statistical/econometric software such as EViews or Stata or programming languages such as MATLAB, Python, R, SQL and VBA for Excel;
  • an interest in supporting policy advice through applied economic analysis;
  • a good knowledge of the MS Office package, particularly Excel and PowerPoint;
  • an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the .
  • Desired: 
  • a master’s degree in economics, statistics, data science or another relevant field
  • a broad knowledge of macroeconomics;
  • a solid background in econometrics (in particular, time series econometrics, the econometrics of panel data and microeconometrics) or statistics; 
  • knowledge of, or experience in, data science (for example, web scraping, text analysis, machine learning or big data processing);
  • practical experience of using visualisation tools such as Tableau or Power BI or creating interactive web applications with R Shiny;
  • a good understanding of economic issues related to the household and corporate sectors, the business cycle and the current macroeconomic climate.
  • 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.You are motivated to contribute to the ECB’s mission, to serve the citizens of the EU as a member of a public institution and to work with colleagues from all over Europe. You are keen to be part of our team and to use your skills and competencies to achieve the aims of this position.

    Standort

    European Central Bank, Frankfurt