European Stability Mechanism (ESM)

ESM HQ Luxembourg

Deadline for application: 6 November 2022

We are looking for a corporate governance officer to prepare the meetings of the ESM and EFSF governing bodies, contribute to the management of shareholder relations for both entities, and help organise ESM high-profile events. The selected candidate will also be involved in regular updates of Board-level policies and the implementation of the ESM Treaty and By-Laws through internal policies established by the Managing Director.

The selected candidate will join the Corporate Governance & Internal Policies division within the department of the Secretary General, and report to the Corporate Governance team lead and to the Head of Corporate Governance & Internal Policies.

The European Stability Mechanism (ESM) is the permanent crisis resolution mechanism for euro area countries. It provides financial assistance to Members facing financing difficulties. European leaders have agreed to an expanded mandate for the ESM, which it will implement in the years ahead. The ESM will have a stronger role in the analysis of financial stability risks and design of policy measures in programmes, jointly with the European Commission; it will provide the Single Resolution Board with a financial backstop to support effective and orderly resolution of banks. In the context of the current Covid-19 crisis, the ESM has established a precautionary credit line as one important element in the joint European response to the pandemic.

The ESM is a unique place to work with around 210 officials committed to making a difference for the future of the euro area. It recruits talented and high-performing professionals of any nationality from both the private and public sector.

KEY ACCOUNTABILITIES

  • Assist in managing regular meetings of ESM/EFSF Board of Directors, ESM Board of Governors.
  • Establish, build, and effectively maintain relations with ESM Members and their representatives.
  • Prepare invitations, agendas, and minutes of meetings for the Board of Governors (euro area finance ministers), Board of Directors (ESM Members’ senior officials), and ensure that they are issued within the agreed time framework.
  • Attend governing bodies’ meetings to provide the necessary support (e.g. by drafting and circulating written resolutions).
  • Handle governing bodies’ correspondence, including response to requests from the Ministries of Finance of the ESM Members.
  • Manage key documents of the Board of Governors’and Board of Directors’ meetings, including the recording and archiving system.
  • Contribute to the regular update of Board-level policies for the ESM/EFSF.
  • Assist in the creation, establishment, and implementation of best-practice internal policies implementing the requirements of the ESM Treaty and By-Laws.
  • Provide support and expertise on a variety of different corporate governance projects.
  • Help organise the ESM Annual Meeting and other high-profile events.
  • Interact with various internal departments, ESM members, and host country authorities.

KEY BACKGROUND & EXPERIENCE

  • Preferably a minimum of two years of relevant experience working in areas related to corporate governance, policy, and/or legal position

  • Advanced university degree, preferably with a specialisation in corporate governance, international law, economics, political science, public policy, diplomacy, or any other related area
  • Good understanding of international, institutional, and the political frameworks of European financial institutions
  • Knowledge of lending, finance, and/or economics would be considered an asset
  • Good knowledge of risk management would be considered an asset
  • Good understanding of processes, procedures, and policies of an international financial institution, with experience within an international organisation – ideally an international financial institution – would be considered an asset
  • Experience in drafting institutional policies and rules of procedures (e.g., codes of conduct, etc.)
  • Proven track record in efficient project management would be considered an asset
  • Experience in diplomatic protocol with exposure to governmental institutions, ministries, and state representatives would be an advantage
  • Fluency in English required, additional EU languages are an asset

KEY COMPETENCIES

  • Strong organisational skills
  • Rigour and attention to detail
  • Communication and interpersonal skills
  • Teamwork and collaboration oriented
  • Resilience, flexibility, and adaptability
  • Inclusive and respectful of diversity

Duration: four-year fixed-term contract, with possibility of extension

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 1: The ESM reserves the right to refrain from hiring, or to slightly modify job responsibilities, as needed.

Note 2: As a result of the selection process, please note that you may be placed on a ‘reserve list’ valid for a duration of six months during which you might be considered for a similar position with a similar level of requirements. Only those candidates who have been notified will be placed on the ‘reserve list’. After this period, you will need to apply again for our vacancies to be considered for a different selection process.

Tags: codes of conduct, corporate governance, covid, financial assistance, financial institutions, financial stability, international law, political science, project management, public sector, risk management, rules of procedure