Senior Market Infrastructure Cyber and Operational Risk Expert

Remote | Frankfurt

Organization: ECB - European Central Bank
Location: Remote | Frankfurt
Grade: F/G (bracket 2 - step 1)
Occupational Groups:
- Operations and Administrations
- Infrastructure and Urban-Rural development
- Information Technology and Computer Science
- Sustainable trade and development
Closing Date: 2025-04-24

General Information

Type of contract Fixed-term contract which may be converted into a permanent contract after three years subject to individual performance and organisational needs

Who can apply? EU nationals

Salary F/G (bracket 2 - step 1) full time monthly net salary: €6,370 plus benefits, for further information see what we offer.

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 24.04.2025

Your team

You will be part of the TARGET Services Compliance and Risk Management Section of the Market Infrastructure Support Division in the Directorate General Market Infrastructure and Payments. Our Directorate General comprises around 200 staff who work to ensure Europe’s financial markets can rely on safe and efficient market infrastructure, while embracing innovation and contributing to further European integration.

In your role as Senior Market Infrastructure Cyber and Operational Risk Expert, you will be part of a team of seven members of staff responsible for the second line of defence for TARGET Services (e.g. operational risk, cyber resilience and information security management). You will work closely with our counterparts from the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d’Italia, also known as the 4CBs.

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 Senior Market Infrastructure Cyber and Operational Risk Expert you will:

maintain and implement the operational risk management framework for TARGET Services;
maintain and implement a specialised cyber resilience and information security framework for TARGET Services;
provide holistic risk assessments and evaluate the security of TARGET Services as part of the second line of defence;
review the risk management activities and risk mitigation measures of the first line of defence;
contribute to independent risk assessments evaluating the activities of the first line of defence;
contribute to compliance activities carried out in the second line of defence (e.g. coordinating activities and following up on recommendations by the overseer and/or external examiners).

This position will offer excellent opportunities to work in a dynamic environment and make one of the world’s largest financial market infrastructures more resilient. 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 master's degree or equivalent in finance, economics, business administration, mathematics, engineering, physics, computer science or another relevant field (see How you can join us for details on degree equivalences);
in addition to the above, a minimum of seven years’ experience in operational and cyber risk management, gained in operations, risk management or supervision of financial market infrastructures or financial institutions;
the ability to deliver results within tight time frames, manage multiple assignments simultaneously and prioritise tasks appropriately;
a proven ability to present technical information to internal and external audiences clearly and concisely, both verbally and in writing;
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:

a good understanding of one or more TARGET Services and the interdependencies between those services and financial market entities at a European and global level;
a good knowledge of standards and guidelines relating to cyber resilience, information security, business continuity and risk management (e.g. the ISO 27000 and ISO 31000 families and/or the COSO framework);
a good understanding of the Eurosystem’s cyber resilience oversight expectations for financial market infrastructures;
a good understanding of compliance frameworks applicable to financial market infrastructures;
certification in information security (CISSP, ISO 27001, etc.), project management (PRINCE2, PM2, etc.), risk management (e.g. Management of Risk Foundation/Practitioner), risk and information systems control (CRISC), information security management (CISM), auditing of information systems (CISA) or internal auditing (CIA).

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.

Working modalities

We would be happy to discuss a part-time arrangement for this role.

Further information

The formal title for this position will be Senior Market Infrastructure Expert.

For additional information on this specific vacancy, you can speak to the hiring manager, Francesco Vacirca, on +496913441409 between 15:00 and 16:00 on 4 April and between 15:00 and 16:00 on 11 April.

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.