> 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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