Head of Department Markets & Digital Innovation

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 mission is derived from ESMA’s founding Regulation and encompasses this objective through three strategic priorities:

a. fostering effective markets and financial stability,

b. strengthening supervision of EU financial markets,

c. enhancing protection of retail investors,

and two thematic drivers:

d. enabling sustainable finance; and

e. facilitating technological innovation and effective use of data.

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 Insurance and Occupational Pensions Authority (EIOPA). ESMA has a unique position within the ESFS as it exercises direct supervision over a number of financial markets participants, established in the EU such as credit rating agencies, or offering financial services in the EU from third countries, such as third countries central counterparties.

For further information, please refer to ESMA’s website: http://www.esma.europa.eu

2 Job framework and profile

ESMA is organising a selection procedure for the post of Head of Department (Markets & Digital Innovation) to staff one vacant post and to constitute a reserve list of suitable candidates.

The purpose of the position is to lead, direct and coordinate the department to ensure the achievement of the department objectives.

The Markets and Digital Innovation Department is responsible for developing effective policies and ensuring their consistent application for an orderly and transparent functioning of markets as well as for understanding the impact of new technologies on financial markets and ensuring the regulatory and supervisory framework remains fit for purpose.

Reporting to the Executive Director, the successful candidate will be responsible for the following tasks:

Policy and Supervisory Convergence:

• driving the policy development and analysis of regulatory developments in the EU in the fields of Trading, Post Trading, Commodity derivatives, Short selling, Market abuse as well as in the field of Digital Finance, including the impact of new technologies on financial markets (including DLT, crypto assets, and digital currencies);

• driving the supervisory convergence work in the areas under the responsibility of the Department in close coordination with the Convergence Team, using various tools to achieve greater consistency in the application of legislation, effectiveness of supervision and enforcement across national supervisory authorities;

• providing strategic direction in the areas of orderly and transparent market functioning and technological innovation to support ESMA’s deliveries on these key strategic priorities; and

• supporting the work and activities of ESMA’s relevant Standing Committees.

Management of the Department:

• leading the Department and building on the strengths of the individuals in creating a strong team;

• acting as a channel for the exchange of information between senior management and the staff members of the Department;

• being directly responsible for the management and coordination of the human resources of the Department;

• defining the Department work programme, coordinating work with other departments, and representing the department in management meetings, before senior management, and before the Management Board and the Board of Supervisors;

• Setting the objectives of the units and teams within the Department, monitoring and assessing achievements to meet the objectives within the set deadlines and in accordance with high quality standards, coordinating the work of the units and teams within the Department, and managing, motivating, and supporting Heads of Units and Team leaders towards the achievement of objectives and the motivation and engagement of staff;

• Developing and fostering strong relations with National Competent Authorities, EU institutions and other relevant stakeholders; and

• Providing regular reporting to the Executive Director and ESMA Boards on the work under his/her responsibility.

Strategic leadership:

• implementing ESMA’s strategic orientation and developing multi-annual/annual planning (defining the Department’s work programme, annual management plans and activity reports in co-operation with other Departments);

• fostering strong strategic relations and enhancing cooperation with national securities regulators, EBA/EIOPA/ESRB (European System of Financial Supervision institutions) including through the Joint Committee, the Union energy regulator ACER, non-EU regulators, and other relevant EU institutions and stakeholders in the areas of competencies;

• representing ESMA and the Markets and Digital Innovation Department externally, whether in conferences and seminars or bilaterally with stakeholders; and

• supporting the efficient management of ESMA by being an active contributor to the Management Team and to the collective work to achieve the Authority’s strategic objectives.

3 Professional qualifications and other requirements

3.1 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 four years attested by a diploma3, and after having obtained the diploma, fifteen years of proven professional experience 4 (both must be acquired in a field corresponding to the nature of the duties covered by the job description);

OR

have at least a level of education which corresponds to completed university studies of three years attested by a diploma3, and after obtained the diploma, sixteen years of proven professional experience4 (both must be acquired in a field corresponding to the nature of the duties covered by the job description);

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

• enjoy full rights as a citizen5;

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

• have a thorough knowledge of one of the languages of the European Union6 and a satisfactory knowledge7 of another language of the European Union, and

• be physically fit to perform the duties linked to the post8.

3.2 Selection criteria

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

Candidates who meet all the Essential requirements (part B.1) will be scored against the Advantageous requirements (part B.2).

Within this comparative evaluation of applications, the 10 best candidates (who obtain the highest scores) will be invited first for a written test9 (1st part of the selection procedure).

Consequently, the candidates, who reach a minimum score of 60% for the written tests, will then be invited for interviews with the ESMA Selection Board (2nd part of the selection procedure).

3.2.1 Essential requirements

a) At least five (5) years of experience 10 as a manager– please detail number of direct and indirect reports;

b) Experience10 in the public or private sector in policy making and/or supervision in the area of financial markets and/or digital finance and technical innovations in financial markets;

c) Experience in setting strategic direction and planning, as well as implementing work plans;

d) Experience with negotiating policy proposals with a variety of stakeholders; and

e) Excellent written and oral English and clear and concise writing style11.

3.2.2 Advantageous requirements

f) Significant experience in one or more of the areas covered by the Department (market transparency, trading, post trading, digital finance, technological innovation applied to financial markets) in the public or private sector

g) Experience working in a multicultural environment;

h) Motivation for the advertised position.

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

3.2.3 Supplementary requirements

i) Strong analytical skills and ability to develop a strategic vision for the Department and its contribution to the broader organisation’s objectives (leadership skills);

j) Ability to lead, motivate and develop the potential of teams with multinational and multidisciplinary backgrounds (management skills);

k) Ability to build productive and cooperative working relationships with multiple internal and external stakeholders (interpersonal skills);

l) Ability to communicate clearly and present complex subjects simply, both orally and in writing, including to the members of the team (communication skills), and

Ability to work under pressure and deliver high quality work under very tight timelines.

The candidates who receive at least 60% of the maximum points in both the written tests and interviews will be included in the reserve list of suitable candidates.

All candidates on the reserve list will be invited for an one-day assessment centre and will be interviewed by the Executive Director, ESMA’s Chair and one member of the Selection Board.

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.

The Selection Board’s work and deliberations are strictly confidential and any contact with its members is strictly forbidden. Any contact made by the candidates or third parties in order to influence the Members of the Selection Board in relation to the selection constitutes grounds for disqualification from the selection procedure.

4 How to apply

You must submit your application through e-Recruitment. ESMA does not accept applications submitted by any other means.

All sections of the application must be completed in English. To be considered, applications must be received by 23:59:59 CET on the closing date. We advise you to submit your application well ahead of the deadline, to avoid potential problems due to increased activity on the recruitment platform.

Please consult the Candidates Guidelines for instructions on completing your application.

Following the submission of the application candidates will receive an automatic email acknowledging receipt of the application.

Please note that all correspondence will take place by email, so candidates should ensure that the email address associated with applicant’s account is correct and that it is checked regularly.

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.

5 Summary of conditions of employment

◦ Successful external candidates may be offered an employment contract for five years as a temporary agent. Any further renewal shall be in principle for an indefinite duration.

◦ Successful external candidates will be recruited in the grade and classified in step 1 or 2.

Grade/step / Minimum requirements for classification in step (required level of university studies + minimum number of years of experience after university graduation) / Monthly net salary without expatriation or family allowances, incl. managerial allowance / Monthly net salary, with expatriation and family allowances for one child, incl. managerial allowance

AD12 step 1 - 4 years university degree + 15 years experience - 10,416.16 - 14,634.84

AD12 step 2 - 4 years university degree + 18 years experience - 10,740.17 - 15,087.09

• The monthly basic salary is multiplied by the correction coefficient for France (currently 116.8%).

• Salaries are subject to a Union tax deducted at source and are exempt from national taxation. In the above mentioned examples, tax is already deducted.

• Managers are entitled to receive a managerial allowance (4.2% of the basic salary) subject to completing successfully the 9-month managerial trial period.

• Depending on the individual family situation and the place of origin, the successful jobholder may be entitled to: expatriation allowance (16% of the basic salary), household allowance, dependent child allowance, education allowance, pre-school allowance, installation allowance, reimbursement of removal costs, initial temporary daily subsistence allowance, and other benefits.

• Annual leave entitlement of two days per calendar month plus additional days for age, grade, 2.5 days home leave if applicable, and in addition on average 17 ESMA holidays per year;

• EU Pension Scheme (after 10 years of service);

• EU Joint Sickness and Insurance Scheme (JSIS), accident and occupational disease coverage, unemployment and invalidity allowance and insurance, and

• General and applicable professional training, plus professional development opportunities.

6 Data protection

Candidates’ personal data are processed as required by the Regulation (EU) No 2018/1725 of the European Parliament and of the Council of 23 October 2018 on the protection of natural persons with regard to the processing of personal data by the Union institutions, bodies, offices

and agencies and on the free movement of such data.13 This applies in particular to the confidentiality and security of such data. For more information, please check the privacy statement on recruitment procedures.

ESMA will take all necessary measures to ensure the confidentiality of the procedure, however it cannot be ruled out that candidates see one another on the day of the interview or written test.

7 Appeal procedure

If, at any stage of the selection procedure, you consider that your interests have been prejudiced by a particular decision, you can take the actions detailed in point 5.7 of the Candidates Guidelines.