Internships – Quantitative Analysis at the European Central Bank – Frankfurt am Main

The European Central Bank (ECB) is offering internships in Quantitative Analysis within the Directorate-General for Market Infrastructure and Payments, in Frankfurt am Main (Germany).

The successful candidate will join a team specialising in the analysis of transaction data from the Eurosystem’s TARGET services, helping to improve the security, efficiency and integration of financial market infrastructures and payment systems in the euro area.

Main responsibilities:

• Manage and analyse large sets of confidential transaction data using econometric and mathematical methods, as well as visualisation tools.
• Collaborate on the creation and maintenance of databases and develop analytical tools and visualisation techniques.
• Support the collection, storage and exchange of information, explore new methods of analysis and propose solutions to technical problems.
• Participate in economic analysis and policy-making projects to promote efficient and integrated financial markets in the euro area.
• Assess the regulatory compliance of financial market infrastructures and analyse their risks and interconnections.
• Draft reports, memoranda and documents on analytical and policy projects, and communicate technical issues to non-specialist audiences.

Requirements:

• Basic:
  • A bachelor’s degree or higher qualification in Economics, Business Administration, Econometrics, Data Science, Computer Science, Engineering, Finance, Mathematics, Statistics, Physics or a related field.
  • Advanced English (C1) and an intermediate level (B1) in at least one other official EU language, in accordance with the Common European Framework of Reference for Languages.
  • Good knowledge of Microsoft Office.
• Thefollowing will be considered an advantage:
  • Further qualifications: a Master’s degree or higher qualification in one of the areas mentioned.
  • Knowledge ofor experience with large datasets, including their cleaning and preparation for analysis.
  • Experience with Excel, SQL, Stata, R, Python or MATLAB, as well as with network analysis or data visualisation tools such as Tableau or Power BI.
  • Experience with financial datasets or knowledge of financial instruments.
  • Experience with panel data or econometric time-series methods.
  • Knowledge of or experience with payment systems, securities settlement, central counterparties or collateral management, from an operational, regulatory or supervisory perspective.

We are also looking for people who are curious, proactive and able to analyse complex information, collaborate as part of a team, adapt to different perspectives, identify needs and propose solutions.

Benefits and terms:

• A monthly grant of €1,170, plus a contribution towards accommodation.
• Initial duration of 6 months, with the possibility of extension up to a maximum of 12 months.
• Full-time position.

Selection process:

The selection process includes an online interview and a written exercise. Candidates deemed suitable but not selected for this vacancy may be placed on a reserve list for 12 months.

 

Deadline for applications: 28 October 2026.

 

More information: European Central Bank