Economist

Deadline for application: 28 October 2026. We are looking for an economist to join the Chief Economist department to monitor and assess macroeconomic and financial developments and risks in euro area countries, and work with analytical tools for macro-financial risk detection. You will report to the Head of Economic and Market Analysis. 

The European Stability Mechanism (ESM) is the permanent crisis resolution mechanism for euro area countries. It has launched five financial assistance programmes, provided financial support, monitored repayment capacity, and engaged with partner institutions for programme design in areas of financial interest. The ESM has received an expanded mandate from European leaders to have a stronger role in financial stability risk analysis and the design of policy measures in programmes, jointly with the European Commission.

KEY ACCOUNTABILITIES

• Monitor and analyse macroeconomic and financial market developments in the euro area and euro area member states.

• Prepare analytical notes, reports, and presentations contributing to the ESM's assessment of economic and financial developments, including the ESM's Euro Area Stability Watch publication.

• Contribute to briefings for senior management.

• Develop and use analytical tools that provide insights on economic and financial developments and risks in euro area countries and the euro area as a whole.

• Support policy analysis and contribute to translating analytical findings into operational recommendations and policy advice.

• Collaborate closely with colleagues in other divisions and departments, including in funding and investment operations, to exploit analytical synergies of economics, finance, and market intelligence.

KEY BACKGROUND & EXPERIENCE

• Master's degree or PhD in economics, finance, econometrics, or another relevant quantitative discipline. 

• At least one year of relevant professional experience in macroeconomic analysis, economic surveillance, financial stability analysis, policy institutions, central banking, international financial institutions, or related fields. 

• Sound knowledge of macroeconomics and financial economics, supported by well-developed quantitative and econometric skills. 

• Experience in analysing economic and financial developments and communicating findings to diverse audiences. 

• Solid analytical and statistical skills, including experience working with quantitative analysis tools, datasets, and relevant statistical or econometric software.