About the ECB
Promoting financial integration and financial stability is at the core of the ECB’s mission. Consequently, the ECB plays a crucial role in Europe’s economic life and ultimately in the well-being of its citizens.
The European Central Bank is perhaps best known for its monthly interest rate decisions. These are taken jointly with the national central banks of the euro area and apply to all 19 countries which have adopted the euro.
The Bank’s primary objective is to keep prices stable, i.e. to ensure that the purchasing power of the euro is not eroded by inflation. More recently, the ECB is also responsible for the effective and consistent functioning of the Single Supervisory Mechanism (SSM) in ensuring the safety and soundness of the European banking system through consistent supervision.
The ECB works closely with all 19 national central banks in the euro area and together with them forms a group called the Eurosystem. It also has regular contact with all 28 national central banks in the EU in a network called the European System of Central Banks.
As a result, many staff members are frequently in contact with colleagues and counterparts from the national central banks.
A young institution – with lots of expertise
The ECB is a relatively new institution – it was set up in 1998 – but it benefits from the many years of expertise of the national central banks. The Bank has firmly established its inflation-fighting credentials. To maintain that standing we look for highly skilled staff with impeccable ethical standards.
We are ‘young’ in another respect as well: more than 50% of our staff are between 35 and 45 years of age, and the average age of our managers is about 45.
In terms of its organisation, the ECB is function-based and is divided into directorates, divisions and sections. This composition is complemented by other structures, such as project teams, working groups and committees. They ensure interdisciplinary competences and cross-organisational perspectives. They frequently involve the participation of the EU’s national central banks.
The ECB wishes to be a workplace where staff members feel included and respected, and that their individual talents are valued, developed and rewarded. We are looking for open-minded and tolerant Europeans.
Diversity at the ECB
Diversity is a key contributor to our success. As a European Union institution, the ECB aspires to be an organisation in which diversity is welcomed and appreciated in all its facets for the richness that it offers. The facets of diversity include – but are not limited to – gender, nationality, religion, sexual orientation, ethnic origin, age, cultural background and disability.
We have identified the following six organisational values that guide our day-to-day activities:
- We aim at the highest degree of professional excellence, in an environment of equal opportunities.
- Effectiveness and efficiency
- We perform our tasks in a goal-oriented manner, allocating our resources in an optimal way through cost-awareness and prioritisation.
- We live up to the highest standards in terms of honesty, loyalty and commitment to our institution.
- Team spirit
- We cooperate closely and at all levels with our colleagues across business areas, the Eurosystem and the ESCB, building on our diversity and synergies.
- Transparency and accountability
- We share information with a sense of openness and responsibility; we recognise and strive to fulfil our accountability obligations.
- Working for Europe
- We work in the interests of Europe, an ever closer union, and its active participation in the international community. We are enriched by our common values and cultural diversity.
The ECB has set itself high ethical standards. Its staff members must meet these standards in order to maintain the public’s confidence.
The framework includes the Protocol on the Statute of the ESCB and of the ECB (Article 38) and the Ethics Framework.
The Ethics Framework is internally implemented and monitored by the ECB Compliance and Governance Office.
The health and well-being of our staff are of the utmost importance to us. Our employees need the time to cultivate personal interests and achieve a good balance between their professional and private commitments.
As a staff member you are entitled to 30.5 working days of annual leave per calendar year. Robert Schuman Day and German public holidays are also observed (up to 14 working days per annum).
For further information on the specific leave you are entitled to take under each type of contract, please check the pages under Newcomers' corner.
In the second half of 2014 the ECB moved into its new premises on the site of the former Grossmarkthalle (wholesale market) in the east of Frankfurt.
Staff working in banking supervision at the ECB are located in the Japan Center in the city centre.
As an ECB employee, you – and your family – can join the ECB’s Sports and Cultural Club, which has around 25 different sections, including badminton, cinema, dance, choir, hiking, karate, scuba diving and tennis.
The ECB’s facilities include subsidised staff restaurants, a coffee bar and a gym with discounted membership rates.
We also organise social events for our staff members and their families.