> > Training Programme. European Central Bank.
> > Middle Office Division (MOD)
> >
> >The Middle Office Division (MOD) of the EUROPEAN CENTRAL BANK (ECB)
seeks
> >applications from graduate students to participate in a training
> programme
> >in 1999. The programme is aimed at highly promising young
> >economists/econometricians and mathematicians enrolled in graduate
> >programmes at top international universities working on quantitative
> >financial issues. Successful candidates will be offered a temporary
> >appointment to conduct research and contribute to current projects
> running
> >at MOD. Candidates must be national of a Member State of the European
> Union.
> >The current call offers availability for one economist/econometrician
and
> >one mathematician.
> >The scope of the training is twofold. First, it is designed to give
high
> >quality students the opportunity to gain early experience to the
> functioning
> >of the Risk Measurement and Control environment of the ECB; in this
> context,
> >these students will be encouraged to actively interact with permanent
> staff
> >members both in the MOD and in other areas of operation management at
the
> >ECB. Second, the training programme is intended to provide the MOD
with
> >access to the most recent advances at the frontier of the Risk
Management
> >and Control area, while at the same time giving students the
possibility
> to
> >add to their research the stimulus of a highly challenging
environment.
> >Students participating in the training programme will normally be
> graduate
> >students who, having successfully completed their course work, are
very
> >interested in pursuing research in the area of Computational
Finance.
> While
> >at the ECB, these students will be expected to complete a research
paper
> or
> >contribute to the current MOD project development. The project or
topic
> of
> >research will be agreed by the candidate and the Head of MOD. The
work
> will
> >address issues of relevance to the MOD, such as: financial
cointegration,
> >simulation and risk measurement, performance measurement, volatility
> >analysis, credit risk management, risk management for monetary policy
> >operations or any other topic that could be of interest for the MOD
team.
> >Students will be assigned a supervisor in MOD but will be expected to
> work
> >mainly on their own initiative and in a largely autonomous fashion.
They
> >will have access to the ECB library, computing and statistical
facilities
> as
> >necessary for the successful completion of their work. They should
have a
> >thorough knowledge of English with fluency in both spoken and written
> form
> >and a satisfactory knowledge of one other European Union language.
> >The students will normally take part in the training for a period
between
> 6
> >to 12 months. Applications should reach the ECB MOD as soon as
possible
> and
> >should include:
> >1. A detailed curriculum vitae,
> >2. A complete description of graduate studies (courses and grades)
> >3. A two page research proposal, specifying general research
> interests,
> >methodological, statistical and computing requirements and the
> approximate
> >time necessary for completing the research.
> >The MOD in addition expects the econometric candidate in particular
to
> have
> >a thorough knowledge of econometric and statistical methodology with
> >interest in financial markets. The student should be very familiar
with
> data
> >modelling in econometric packages (i.e. gauss, TSP, Rats or other)
and
> have
> >some working knowledge of computing. The mathematics student
candidate
> >should have interest in Financial markets and knowledge in one or
more of
> >these areas: statistics, simulation, computing and/or econometric
> modelling.
> >
> >The ECB can provide students with temporary accommodation for the
> duration
> >of their participation in the Training programme as well as a daily
> >allowance. Unless students provide evidence that they are otherwise
> covered
> >against medical expenses, they will be provided with comprehensive
cover
> for
> >the medical and dental expenses under a mandatory and contributory
> medical
> >and dental benefits plan.
> >Further information about the programme may be obtained by contacting
> >Fernando Gonzalez at MOD (Tel. +49 69 1344 6430, Email
> >fernando.gonzalez(a)ecb.int).
> >
> >Applications should be addressed to the European Central Bank,
> Directorate
> >Personnel, Postfach 16 03 19 D-60066 Frankfurt am Main and should be
sent
> by
> >the 15th of July. Applications should only be submitted on paper via
> surface
> >mail and will not be returned.
> >
> >Middle Office Division
> >European Central Bank
> >Tel. +49 69 1344 6430
> >Fax. +49 69 1344 6231
> >
>
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