The European Stability Mechanism (ESM) is the permanent crisis resolution mechanism for euro area countries. It is 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 to work with analytical tools for macro-financial risk detection. The post reports to the Head of Economic and Market Analysis.
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 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 help translate analytical findings into operational recommendations and policy advice.
- Collaborate with colleagues in other divisions and departments, including funding and investment operations, to combine economics, finance and market intelligence.
Key background and 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, with well-developed quantitative and econometric skills.
- Experience analysing economic and financial developments and communicating findings to diverse audiences.
- Familiarity with statistical and econometric software (e.g. R, Python, Stata, MATLAB) is an asset.
- Excellent oral and written communication skills in English.
Contract: interim contract of six months, with possible extension to a maximum of twelve months. Expected start as soon as possible. Remote work is possible, usually up to two days a week, from Luxembourg and the border region.
* Deadline for applications: 28 October 2026
HOW TO APPLY:
Apply online via the ESM vacancies portal by 28 October 2026: https://vacancies.esm.europa.eu/#en/sites/CX/job/377/apply/email