Vacancy notice - Supervision Officer (deadline: 22/02/2017)

VACANCY NOTICE SUPERVISION OFFICER

(F/M)

REF.: ESMA/2017/VAC1/AD5

Date: 23/01/2017 ESMA/2016/VAC1/AD5

Type of contract	Temporary Agent1
Function group and grade	AD5
Duration of contract	5 years, with possibility of extension2
Department	Supervision Department
Place of employment	Paris, France
Deadline for applications	22/02/2017 (23:59 hrs, Paris local time)
Reserve list valid until	31/12/20183

1. The Authority

   ESMA is an independent EU Authority that was established on 1 January 2011. ESMA's mission is to enhance investors' protection and promote stable and orderly financial markets. This mis- sion is derived from ESMA's founding Regulation4 and encompasses three objectives:

   • Investors' protection: to have the needs of financial consumers better served and to re- inforce their rights as investors while acknowledging their responsibilities;

   • Orderly markets: to promote the integrity, transparency, efficiency, and well-functioning of financial markets and robust market infrastructures, and

   • Financial stability: to strengthen the financial system in order to be capable of with- standing shocks and the unravelling of financial imbalances while fostering economic growth.

   ESMA achieves its mission within the European System of Financial Supervision (ESFS) through active co-operation with National Competent Authorities (in particular with securities market regulators) as well as with the European Banking Authority (EBA) and the European In- surance and Occupational Pensions Authority (EIOPA). ESMA has a unique position within the ESFS as it focuses on the securities and financial markets dimension and the overarching Euro- pean aspects of these objectives. For further information, please refer to ESMA's website: http://www.esma.europa.eu

2. According to the Article 2(f) of the Conditions of Employment of Other Servants (CEOS) of the European Union.

3. Temporary agents may be engaged under their first contract for a fixed period of 5 years. Any further renewal shall be in principle for an indefinite duration.

4. Probationary period for the first contract is nine months.

5. The validity of the reserve list may be extended.

6. Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC.

7. Job framework and profile

   The Supervision Department is responsible for the registration and ongoing supervision of credit rating agencies and trade repositories. The Department consists of two teams:

8. the Monitoring and Strategy team is responsible for the day-to-day supervision and related risk analysis of all registered entities;

9. the Investigations Unit is responsible for the assessment of registration applications and conducting targeted investigations.

10. ESMA applies a risk-based approach to the supervision of activities of supervised entities. We run a thorough registration progress for new entities. Following registration ESMA conducts targeted investigations after a clear identification and prioritisation of risks. This risk-based approach requires collective analysis and intense interaction by the relevant risk, policy and supervisory teams within ESMA and fully cooperates with relevant (non-)EU competent authorities. We expect to expand our onsite presence in the coming years. ESMA works on the basis of supervisory targets and evaluates continuously its supervisory activities to further improve the effectiveness of its supervisory operations. ESMA applies enforcement in a proportionate and effective way.

    The CRA Regulation and ESMA require that CRAs apply high quality standards in their rating process with a focus on independence, transparency, up-to-date methodologies, internal controls, sufficient expert staffing and robust IT systems. As regards TRs, ESMA's key regulatory objectives are: stability of systems, data quality, confidentiality and regulatory access.

    ESMA is looking for candidates with professional experience in supervision, for example with legal matters, combined with a strong motivation to contribute to the supervision of credit rating agencies and trade repositories at EU level. As part of these supervisory activities, regular interaction with supervised entities and other stakeholders is required.

    ESMA is currently aiming to offer one position in the Supervision Department to join a team of highly qualified supervisory officers. The Department is expected to reach 34 individuals in 2017.

11. Professional qualifications and other requirements

13. Eligibility criteria

    To be considered eligible, candidates must satisfy all the eligibility criteria listed below, by the deadline for submitting applications:

    • have at least a level of education which corresponds to completed university studies of three years attested by a diploma5;

      5 Only qualifications that have been awarded in EU Member States or that are subject to the equivalence certificates issued by the authorities in the said EU Member States shall be taken into consideration.

    • be a national of a Member State of the European Union or the EEA (Norway, Liechtenstein, Iceland);

    • enjoy full rights as a citizen6;

    • have fulfilled any obligations imposed by the applicable laws concerning military service;

    • produce the appropriate character references as to their suitability for the performance of their duties;

    • have a thorough knowledge of one of the languages of the European Union7 and a satis- factory knowledge8 of another language of the European Union, and

    • be physically fit to perform the duties linked to the post9.

14. Selection criteria

PRE-SCREENING PHASE

Applications which fulfil the above Eligibility criteria (part A) will be assessed against the Essential requirements (part B.1). Candidates who do not meet all of the Essential requirements (part B.1) will be excluded from the selection process.

Candidates who meet all of the Essential requirements (part B.1) will be scored against the Advantageous requirements (part B.2). Within this comparative evaluation of applications, the 6 best candidates, who obtain the highest scores and reach a minimum score of 65%, will be invited for interviews and written tests.

1. Essential requirements

2. At least three (3) years of experience (acquired after the required level of education, see part 3A) in a supervisory/regulatory body, financial services provider or law firm, and

3. Excellent written and oral English10.

4. Advantageous requirements

5. Knowledge and experience in the area of supervision;

6. Knowledge of the European financial regulatory framework, in particular of the CRA Regulation or EMIR;

7. Ability to perform legal analysis of markets regulation regarding supervisory matters, as shown by experience;

8. Work experience in a registered Credit Rating Agency or Trade Repository;

9. Knowledge and work experience in project management;

10. Work experience in an international environment;

11. 6 Prior to the appointment, the successful candidate will be asked to provide a police certificate confirming the absence of any crimi- nal record.

    7 The languages of the EU are: Bulgarian, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hungarian, Irish, Italian, Latvian, Lithuanian, Maltese, Polish, Portuguese, Romanian, Slovak, Slovenian, Spanish, and Swedish.

    8 At least at the level B2, according to the Common European Framework of Reference for Languages:

    http://europass.cedefop.europa.eu/en/resources/european-language-levels-cefr

    Knowledge of the 2nd EU language will be tested orally for candidates invited for interviews.

    9 Before the appointment, the successful candidate shall be examined by one of the EU medical centres in order to confirm that the candidate fulfils the requirements of Article 12(2) (d) of the CEOS (physical fitness to perform the duties).

    10 At least at B2 level.

    English is the internal working language of ESMA, as decided by ESMA Management Board with the decision ESMA/2011/MB/3 of 11/01/2011. This decision implements Article 73 (2) of the ESMA Regulation (EU) No 1095/2010 establishing ESMA.

12. Motivation for the advertised position.

INTERVIEWS & WRITTEN TESTS PHASE

Candidates invited for interviews and written tests will be assessed against all selection criteria (parts B1 & B2 & B3).

13. Supplementary requirements

14. Strong communications skills and ability to communicate clearly and effectively with internal and external stakeholders;

15. Ability to challenge others' views while maintaining good relationships;

16. Capacity to work as a member of a team;

17. Excellent methodological and analytical skills and capacity to identify key issues..

18. Candidates who receive at least 65% of the maximum points in both the interview and written test will be included in the reserve list of suitable candidates.

    The established reserve list may be used for the recruitment of a similar post depending on the needs of ESMA. Please note that inclusion in the reserve list does not guarantee recruitment.

19. How to apply

20. Candidates must apply by sending the following documents, by the specified deadline, to [e-mail]

    • The application must include both CV and motivation letter in English (working language of ESMA11);

    • Application documents must be marked accordingly with the reference number of the vacancy notice (see templates below).

    CV in the European (Europass) format12, saved as: ESMA_2017_VAC1_AD5_FAMILY NAME_First name_CV Example: ESMA_2017_VAC1_AD5_SMITH_Anna_CV

    Motivation letter of no more than 2 pages, explaining the interest and motivation of the candidate for this particular post, saved as:

    ESMA_2017_VAC1_AD5_FAMILY NAME_First name_Motivation letter

    Indication in the subject line of the email: ESMA_2017_VAC1_AD5_FAMILY NAME_First name

    Applicants will be assessed on the basis of the eligibility and selection criteria specified in the vacancy notice (as explained in part 3) and these must be met by the deadline for submitting applications.

    11 See footnote nr 10.

    12 http://europass.cedefop.europa.eu/en/documents/curriculum-vitae Please refer in your CV to all selection criteria.