Deadline:
As soon as possible
Location(s)
France
Paris
Overview
The European Securities and Markets Authority (ESMA) is an independent EU Authority that was established on 1 January 2011. It works closely with the national competent authorities who are members of the European System of Financial Supervision and the other European Supervisory Authorities: the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA). ESMA’s mission is to enhance the protection of investors and promote stable and well-functioning financial markets in the European Union (EU). As an independent institution, ESMA achieves this aim by building a single rule book for EU financial markets and ensuring its consistent application across the EU.
We offer opportunities across a number of areas including: policy development, supervision, financial and economic analysis, communications, administration and legal services.
We recruit across all financial markets fields: investment management, market infrastructure, economics, corporate finance and reporting, etc. and look for high quality professionals with thorough knowledge in their field.
Details
ESMA's paid traineeship programme is an opportunity for European students and graduates to have a unique and first-hand experience. During the 6-12 months of the traineeship, trainees will be able to put into practice the knowledge acquired during their studies and get a better understanding of what it actually means to work for the European Union. Trainees assist and contribute to different projects and enhance the everyday work of ESMA by providing a fresh point of view and up-to-date academic knowledge. Work can include research, contributing to reports, compiling statistical data, performing operational tasks and participating in ad hoc studies and projects.
Traineeship vacancies are continuously open, applications are revised on a regular basis, and evaluated only when a trainee position is available in ESMA budget. Candidates are advised to follow the instructions mentioned in the traineeship call for applications (incomplete applications will not be considered as valid). Only the best candidates will be contacted for an informal phone interview.
Career development
ESMA staff’s performance is evaluated each year based on objectives agreed between the line manager and the jobholder. The appraisal system has a dual purpose, namely: to assess the employee’s performance over the year; and to assist the employee in developing their potential, to further enhance their career prospects.
To support staff members in their careers, ESMA develops tailored individual employee training programs, based on the self-assessment and the appraisal of staff, which will support the continuous professional development of staff and also allow them to map out a career path within the organisation. ESMA provides a variety of training opportunities in core competences, technical skills and management skills, through individual/group trainings, specific in-house events or external activities. As ESMA grows, the possibilities for internal mobility will also increase, allowing employees to pursue a long-term career path within the Authority.
About ESMA
ESMA is the EU’s financial markets regulator and supervisor. The 2023-2028 strategy guides ESMA in its second decade. It builds on the successful development of ESMA since its establishment and reflects the evolving environment in which it operates.
ESMA’s mission is to enhance investor protection, promote orderly financial markets and safeguard financial stability.
ESMA was founded as a direct result of the recommendations of the 2009 de Larosière report which called for the establishment of a European System of Financial Supervision as a decentralised network. It began operations, under its Founding Regulation on 1 January 2011, replacing the Committee of European Securities Regulators which was a network of NCAs which promoted consistent supervision across the EU and provided advice to the European Commission.
Opportunity is About
Eligibility
Candidates should be from:
Description of Ideal Candidate
Candidates must have completed the first cycle of a higher education course (i.e. university education) and obtained a full degree or its equivalent by the closing date for application. ESMA reserves the right to change these minimum qualifications used for the traineeship programme. For declared on-going studies an official declaration (or transcript) from the relevant university must be provided. When applying for a traineeship, certified copies of all diplomas declared and, if applicable, official certified translations will be required.
The other eligibility criteria, apart from education and experience requirements, which are mentioned in part “A” of VN, are fixed and identical for all selection procedures. The applicant must:
- Be a national of a Member State of the European Union or the EEA, unless otherwise indicated in the specific VN;
- Enjoy full rights as a citizen;
- Have fulfilled any obligations imposed by the laws concerning military service;
- Produce the appropriate character references as to their suitability for the performance of their duties;
- Be physically fit to perform duties;
- Have a thorough knowledge of one of the official languages of the European Union and a satisfactory knowledge of another official language of the European Union.
Dates
Deadline: As soon as possible
Cost/funding for participants
Your salary is exempted from national taxes on income in all EU member states. However, a tax deduction on your salary will contribute to the general EU budget.
As an ESMA staff, you will benefit from:
- Sickness insurance (JSIS: Joint sickness insurance scheme): for you and (in certain cases) your family members.
- Accident insurance: in case of an accident, you will be covered 24/7 worldwide.
- Unemployment insurance: in case your contract ends.
- Retirement pension: as an EU staff member you contribute to the EU pension scheme. You can also transfer-in your previous pension contributions to this EU scheme. In case you would leave the EU system earlier you will be able to transfer-out all your contributions to the pension scheme of your choice. The pension is granted after completing a minimum of ten years' service or reaching the pensionable age.
Your salary takes into account the basic salary that corresponds to your grade and step (see your work contract), the family allowances, compensations, taxes and social contributions. This salary is impacted by a weighting factor to take into account the cost of living in France (currently 116.8%). Pay rates and correction coefficients are adjusted each year.
In addition to the basic salary, staff members may receive various allowances depending on their personal circumstances. The final salary is calculated by adding the relevant allowances and by deducting social security contributions and other taxes.
Social security deductions:
- Pension (10.10%)
- Health insurance (1,70%)
- Accident cover (0,10%)
- Unemployment insurance (0,81%)
- Income tax
- Tax levied progressively at a rate of between 8% and 45% of the taxable portion of the salary
- Special levy (6%) calculated on the part of the remuneration exceeding the minimum remuneration. This levy is not applied to contract agents FG I, II or III.
As for the financial support, newcomers may be entitled (based on the individual situation and on the supporting documents provided):
- Family allowances: household, dependent child, education allowances. Family allowances received from other sources must be declared and will be deducted from those paid by ESMA
- Expatriation allowance/residence allowance
- Daily subsistence allowance (time limited when taking up duty)
- Allowance for travel expenses when taking up the duty
- Moving cost reimbursement
- Installation allowance
- Yearly travel allowance to cover the cost to travel to the place of origin/place of recruitment
- Relocation service
The salaries for staff depend on the category and grade of each post and the family/expatriate situation.
Work-life balance
ESMA aims to create and maintain a supportive and healthy work environment that enables staff members to have a balance between work and personal responsibilities. Our work-life balance initiatives include:
- Paternity & parental leave;
- Part time;
- Flexible working hours;
- Special leave under certain circumstances such as marriage, birth or adoption of a child and other family events;
- Unpaid leave; and
- Teleworking.
Staff benefit from individual annual leave days and between 15 and 17 public holidays, including the days between 24 December and 1 January.
Un-save Opportunity
Internships, scholarships, student conferences and competitions.
