Research Officer – Chief Economist department

Deadline for application: 9 April 2026. We are looking for a Research Officer to support and contribute to the analytical agenda of the Economic Risk Analysis division. You will support the full range of analytical activities in the division, such as monitoring macroeconomic developments; enhancing the toolkit for identifying macro-financial risks (with a particular emphasis on artificial intelligence-assisted tools); and conducting policy-related research. 

 

KEY ACCOUNTABILITIES

• Support the division’s analytical activities through data collection and analysis, communicating results in notes, presentations, and seminars, and enhancing the analytical toolkit. 
• Monitor macroeconomic and financial market developments, both in support and as a member of country teams.
• Structure and facilitate internal data exchanges with the support of artificial intelligence tools.
• Contribute to producing high-quality research on economic topics related to the institution’s mandate.
• Depending on skills and experience, join country teams that monitor risks and evaluate policy options in individual member states.

 

KEY BACKGROUND & EXPERIENCE

• Master’s degree, preferably in economics, finance, or econometrics

• At least two years of relevant work experience. For PhD holders, up to four years of relevant research work performed in the context of PhD studies can be considered as relevant work experience 

• Good knowledge of macroeconomics, including quantitative/econometric skills
• Experience in international and European financial institutions, as well as in country monitoring, is considered an asset 
• Very good command of econometric and statistical packages such as Stata, Python, and R
• Fluency in English, both oral and written

 

KEY COMPETENCIES

• Analytical and problem-solving skills

• Intellectual curiosity and proactive drive to acquire new skills and knowledge 

• Collaboration skills 

• Communication and presentation skills

 

PRACTICAL/ADDITIONAL INFORMATION

• Deadline for application: 9 April 2026

• Applicable employment grade: Officer

• Contract duration: Two year fixed-term contract

• Place of employment: Luxembourg

• Current working arrangements: possibility to work remotely, normally up to two days a week, from Luxembourg and the border region (or from further away under certain conditions).

 

The ESM provides equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation, or disability. To further enhance the diversity of our workforce, we particularly encourage talents from under-represented groups to apply. 

Note 1: the ESM reserves the right to refrain from hiring, or to slightly modify job responsibilities, as needed.

Note 2: As a result of the selection process, please note that you may be placed on a ‘reserve list’ valid for a duration of six months during which you might be considered for a similar position with a similar level of requirements. Only those candidates who have been notified will be placed on the ‘reserve list. After this period, you will need to apply again for our vacancies to be considered for a different selection process.

The European Stability Mechanism (ESM) is the permanent crisis resolution mechanism for euro area countries. It provides financial assistance to Members facing financing difficulties. To date, the ESM and its predecessor organisation, the European Financial Stability Facility (EFSF), have launched six financial assistance programmes to five countries, provided financial support, monitored repayment capacity, and engaged with partner institutions for programme design in areas of financial interest.

The ESM is a unique place to work with around 230 individuals committed to making a difference to the future of the euro area. It recruits talented professionals of any nationality from both the private and public sectors. The ESM’s senior management is committed to preserving and enhancing a diverse, inclusive recruitment and work environment.