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Traineeship Summary: Prudential Regulation and Supervisory Policy Department or Policy Coordination Unit

Overview

The European Banking Authority (EBA) offers a traineeship opportunity in its Prudential Regulation and Supervisory Policy Department or Policy Coordination Unit. The traineeship is a 6-month contract with the possibility of extension. The position is currently based in London, United Kingdom, although the EBA is expected to relocate to Paris, France in the future.

The deadline for applications is 24 May 2018 at 12:00 noon London time, and the reserve list is valid until 31 December 2019.

The EBA: Authority and Mission

The EBA was established on 1 January 2011 by Regulation (EU) No. 1093/2010. Its mission is to improve the functioning of the European Union internal market by ensuring high-quality, effective, and consistent regulation and supervision in banking, payments, and e-money. It also aims to promote financial system stability, market transparency, and the protection of depositors and investors.

The EBA works to prevent regulatory arbitrage, guarantee a level playing field, and strengthen international supervisory coordination. It collaborates closely with other financial authorities such as EIOPA, ESMA, the Joint Committee, and the European Systemic Risk Board (ESRB) as part of the European System of Financial Supervision (ESFS).

Activities and Responsibilities

Trainees in the Prudential Regulation and Supervisory Policy Department will be involved in the following activities:

• Capital, liquidity, leverage ratio, and large exposures requirements
• Resolution requirements
• Accounting aspects for banks
• Risk assessment (credit, market, operational)
• Internal governance and risk management
• Pillar 2 risk assessment framework
• Review of capital instruments and MREL liabilities oversight
• Benchmarking of internal models

Trainees in the Policy Coordination Unit will focus on:

• Governance support
• Coordination with EU institutions and external stakeholders
• Planning and control of the EBA's multi-annual work programme
• Document management policy and system
• Training coordination for supervisors
• Standardised Q&A process
• External and internal communication management

Areas of Engagement

Trainees may be assigned to different units based on their background, education, and skills:

• Liquidity Leverage Loss Absorbency and Capital Unit:

  • Regulatory work on MREL
  • Quantitative benchmarking or data analysis for MREL and IFRS9
  • Monitoring of MREL eligible liabilities
  • Preparation of internal briefings and presentations

• Risk Based Metrics Unit:

  • Regulatory work on credit, market, or operational risk
  • Quantitative benchmarking analysis of credit risk (IRB) or market risk internal models
  • Participation in internal committees and subgroups
  • Preparation of briefings for EBA representation at external meetings

• Supervisory Review, Recovery and Resolution:

  • Preparation of supervisory and resolution colleges
  • Data analysis and monitoring
  • Support for internal and external training
  • Briefings for EBA representation at meetings with policy makers and regulatory bodies

Requirements

Eligibility Criteria

• Must be a national of an EU Member State, Iceland, Liechtenstein, Norway, or a candidate country.
• Must have completed the first cycle of higher university education in fields relevant to the EBA's remit and obtained a full degree certificate by the application deadline.
• Must have very good knowledge of English (at least B2 level according to CEFR).
• Must not have benefited from in-service training within EU institutions or bodies.
• Must have no prior full-time professional work experience, except for paid part-time or full-time experience during studies.

Selection Criteria

• Hold a Master's degree in Finance, Banking, Economics, Statistics, or be in ongoing PhD studies.
• Have a graduate thesis related to the EBA's activities.
• Demonstrate good drafting skills in English (e.g., in studies, presentations, articles, or document revision).

Advantages

• Awareness and interest in the role and functioning of the EBA
• Strong sense of responsibility, commitment, and cooperation
• Excellent organisation and prioritisation skills

Application Process

• Candidates must read the EBA DC 218 and EBA DC 219 decisions before applying.

• Applications must be submitted in English by the deadline to the email address: EBA-Traineeship Applications@eba.europa.eu.

• Required documents include:

  • Curriculum Vitae in the Europass format
  • Motivation letter
  • Filled eligibility criteria grid, dated and signed
  • Copies of diplomas or relevant certificates from all undergraduate and post-graduate studies

• The subject line of the email must include:

  • The reference number (e.g., Ref. TR PRSP 2018)
  • The candidate's first and last name

• Multiple applications for different traineeship positions are allowed, but separate applications are required for each.

• No additional documents will be accepted after the deadline.

• Incomplete applications or those submitted after the closing date will be rejected automatically.

Data Protection

The EBA ensures that personal data of candidates is processed in accordance with Regulation (EC) No 45/2001, focusing on confidentiality and security.

Place of Traineeship

Currently, the EBA is based in London, United Kingdom at One Canada Square, Canary Wharf, London E14 5AA. A relocation to Paris, France is expected once legislation is adopted to formally change the EBA's seat.