Market Infrastructure Project Management Specialist (T2S Evolution)

Remote | Frankfurt

Organization: ECB - European Central Bank
Location: Remote | Frankfurt
Grade: Level not specified - Level not specified
Occupational Groups:
- Infrastructure and Urban-Rural development
- Sustainable trade and development
- Project and Programme Management
Closing Date: 2025-04-07

General Information

Type of contract Fixed-term contract, which may be extended subject to individual performance and organisational needs

Who can apply? EU nationals

Salary E/F (bracket 1 - step 1) full time monthly net salary: €4,869 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 07.04.2025

Your team

You will be part of the Market Infrastructure Development Division in the Directorate General Market Infrastructure and Payments. Our Directorate General has around 255 staff working to ensure that Europe’s financial markets can rely on safe and efficient market infrastructure, while embracing innovation and contributing to further European integration. The Market Infrastructure Development Division has around 40 members of staff and is responsible for managing market infrastructure projects and overseeing the Eurosystem’s market infrastructures for securities settlement and payments. Together with the relevant stakeholders across Europe, we coordinate various TARGET Services, including T2 (for settling payments), TIPS (for settling instant payments) and T2S (for settling securities) evolutions within the European System of Central Banks together with the respective stakeholders across Europe.

In your role as Market Infrastructure Project Management Specialist, you will be part of a team of nine members of staff responsible for enhancingT2S services by applying change and release management processes, onboarding new entities to our TARGET Services and supporting new initiatives in this domain, such as the Eurosystem’s exploration of new technologies. You will work closely alongside the EU’s central securities depositories and its national central banks as users of T2S services, as well as with EU financial market associations and EU regulatory and policymaking authorities.

The ECB is an inclusive employer, and we strive to reflect the diversity of the population we serve. We encourage you to apply irrespective of age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.

Your role

As a Market Infrastructure Project Management Specialist you will primarily contribute to the activities of two T2S evolution workstreams:

T2S recovery – an initiative that aims to enhance T2S resilience in the event of major losses of data; and
T+1 settlement cycles (i.e. trade date +1 business day securities settlement cycle, hereinafter T+1) – an initiative that aims to identify and implement T2S enhancements to contribute to shortening the settlement cycle of securities transactions across the EU.

In this role, you will:

contribute to managing the T2S recovery-related documentation, such as user requirements and functional specifications and detailed recovery storyline;
manage the T2S recovery-related change requests throughout their lifecycle, for example, by organising the review of change requests, consolidating and addressing feedback, preparing the allocation of change requests to a release, preparing documentation and delivering presentations for the relevant T2S technical groups (e.g. Change Review Group, Project Managers Group);
contribute to other T2S recovery-related tasks and deliverables such as planning T2S recovery activities, defining the testing strategy, monitoring the readiness of T2S users to launch testing, addressing the recommendations of the TARGET Services Internal Controller and reporting to T2S governance substructures;
prepare the regular and ad hoc meetings and teleconferences of the relevant substructures of T2S governance in the area of T+1, as well as providing the relevant background documentation giving presentations;
support the analysis and contribution to the T2S Operator in the context of the relevant substructures of EU T+1 governance such as the EU T+1 Industry Committee and Technical Workstream on Settlement;
document the relevant T2S change requests resulting from the analysis conducted by the relevant T2S or EU governance substructures in the area of the T+1 securities settlement cycle.

For this role, we are seeking candidates who demonstrate the potential for growth, and we will support the selected candidate(s) in their development of the required skills.

The position offers you excellent opportunities to shape the future of the financial industry, contribute to providing state-of-the-art post-trade securities services and to enhancing the operational resilience and efficiency of the financial market infrastructure for securities settlement in the EU. 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 equivalent in business administration, economics, international relations, political science, project management, information technology, finance or another relevant field (see How you can join us for details on degree equivalences);
in addition to the above, experience in the field of market infrastructures in securities settlement and/or payments;
experience in project and/or change and release management, ideally in the field of securities market infrastructures and/or payments;
a sound understanding of the lifecycle of securities and post-trade processing of securities transactions;
a sound understanding of the role of financial market infrastructures in the securities market, the post-trade landscape in the EU;
proven experience in handling multiple assignments, prioritising tasks and monitoring progress in numerous processes simultaneously;
an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.

Desired:

familiarity with the initiatives of EU authorities to shorten the settlement cycle of securities transactions to T+1 and with the related requirements for the operational resilience of financial market infrastructures;
a good understanding of the T2S governance and T2S change and release management processes;
proven experience of analysing complex information from a variety of sources and of handling functional and technical issues from the conceptual stage through to their implementation.

You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs.

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 motivated to be part of our team and to develop and use your skills and competencies to achieve the aims of this position.

Further information

The contract offered will be fixed-term, the appointment being for 12 months as of the exact starting date of the selected person.

Temporary appointments may be extended or made permanent subject to organisational needs and budgetary constraints. This may result in a staff member with a non-convertible fixed-term contract being offered a convertible contract in accordance with the ECB Conditions of Employment.

For additional information on this specific vacancy, you can speak to the hiring manager, Adrian Popescu, on +49 (0)69 1344 7169 between 15:00 and 16:00 on Friday, 21 March 2025.

Application and selection process

The recruitment process for this position will be conducted remotely. It will include a written exercise, a presentation and an interview.

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list (see step 4 of How we hire), from which you might be considered for similar positions within the ECB.

Find out how to apply for a position at the ECB.