The European Stability Mechanism (ESM) is recruiting a Middle Office Officer – Quantitative analytics and process automation to join the Middle Office team within its Middle and Back Office division in Luxembourg (job identification 382). The role offers an indicative annual gross base salary of €56,000–€65,000, a four-year contract with possibility of extension, and remote work usually up to two days a week. It asks for a Master's degree and ideally up to three years of relevant experience. The deadline is 20 November 2026. At Youth Works Hub, we reviewed the full vacancy, and every detail is listed below.
About the European Stability Mechanism
The 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, and its senior management is committed to preserving and enhancing a diverse, inclusive recruitment and work environment.
The Role in the Middle Office Team
You will contribute to the team's day-to-day activities and provide technical expertise in quantitative analytics, databases, process automation and in-house applications. The role combines core middle office responsibilities with the development and enhancement of analytical tools and automated solutions that support portfolio activities, risk monitoring, controls and reporting.
📋 Reports to: the Head of Middle and Back Office and Portfolio Performance
Middle Office Operations
✅ Validate, monitor and control financial transactions entered by the investment, funding and lending front offices before downstream processing and settlement
⚙️ Configure financial products and static data, and maintain market data in relevant financial systems
🔁 Perform daily controls, reconciliations and operational monitoring across fixed-income, money-market, foreign-exchange, derivatives and collateral management activities
📏 Ensure compliance with internal guidelines, limits and operational control requirements
📈 Contribute to portfolio performance and risk monitoring, as well as related management reporting
💶 Perform valuation of financial products and assist with the regulatory reporting of transactions
Data Analytics, Systems and Automation
🗄️ Maintain and enhance existing databases, analytical models and reporting solutions used by the Middle Office team
🐍 Develop and improve in-house applications and tools using Python and Microsoft VBA
🤖 Design automated controls and workflows to improve operational efficiency and reduce manual processes
📊 Develop and maintain dashboards and data-driven solutions for portfolio monitoring and reporting
🔬 Analyse financial datasets and translate the results into meaningful insights for internal stakeholders
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Projects and Continuous Improvement
🚀 Contribute to projects and initiatives related to new financial products, processes, systems and regulatory requirements
🧪 Gather business requirements, perform testing and support implementation activities
🤝 Collaborate closely with front office, back office, risk management and IT colleagues on system enhancements and process improvements
💡 Evaluate emerging artificial intelligence tools, platforms and models to identify practical applications
Education and Experience Required
🎓 A Master's degree in finance, economics, computer science, engineering, mathematics, data science or another discipline relevant to the role
🗓️ Ideally up to three years of relevant professional experience, preferably in middle office, treasury, risk management or a comparable financial function
🏦 A good understanding of financial products, particularly fixed-income instruments
🗣️ Excellent oral and written communication skills in English
Technical Skills: Python, Databases and Data Analysis
💻 Advanced programming skills in Python
🛠️ Experience in developing, maintaining and enhancing databases, analytical applications and reporting tools
🧩 Strong data analysis skills, including data modelling, automation and process optimisation
Assets That Strengthen Your Application
📉 Knowledge of derivatives, foreign-exchange products, valuation and collateral management
📝 Practical experience with Microsoft VBA
🔎 Experience with SQL, Power BI and DAX
🗃️ Familiarity with position management systems and financial databases
🔗 Understanding of front- to back-office processes, transaction lifecycles and operational controls
Key Competencies
🔢 Analytical and numerical skills
🧠 Excellent problem-solving capabilities
🎯 Keen attention to detail and a strong control mindset
💬 Ability to explain complex technical and financial topics in straightforward terms
🌱 Intellectual curiosity and a continuous-improvement mindset
👥 Communication and interpersonal skills
⚡ Ability to work independently and proactively in a fast-paced environment
Salary and Allowances
🏷️ Employment grade: Officer
💶 Indicative annual gross base salary: €56,000–€65,000, depending on the selected candidate's relevant professional experience, skills and qualifications
👨👩👧 Additional allowances, such as expatriation, household or child allowances, may apply, subject to the applicable rules and eligibility criteria
🧾 Salaries are subject to the applicable ESM internal tax
Contract, Place of Employment and Remote Work
📃 Contract duration: four years, with possibility of extension
📍 Place of employment: Luxembourg
🏠 Current working arrangements: possibility to work remotely, usually up to two days a week, from Luxembourg and the border region (or from further away under certain conditions)
Equal Opportunity at the ESM
The ESM aims to provide 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 its workforce, the ESM particularly encourages women to apply.
Selection Notes and the Reserve List
📌 The ESM reserves the right to refrain from hiring, or to slightly modify job responsibilities, as needed
🗂️ As a result of the selection process, you may be placed on a reserve list valid for six months, during which you might be considered for a similar position with a similar level of requirements
🔔 Only candidates who have been notified will be placed on the reserve list
🔄 After this period, you will need to apply again to be considered for a different selection process
How to Apply
🖥️ Apply through the Apply now link on the ESM vacancies portal (see the Links section below)
⏰ Apply by 20 November 2026
Find more international finance roles like this one in the Jobs category on Youth Works Hub.
Frequently Asked Questions
What is the salary for the ESM Middle Office Officer?
The indicative annual gross base salary is €56,000–€65,000, depending on experience, skills and qualifications. Expatriation, household or child allowances may apply, and salaries are subject to ESM internal tax.
How much experience do I need?
Ideally up to three years of relevant professional experience, preferably in middle office, treasury, risk management or a comparable financial function, together with a Master's degree.
Which programming languages are required?
Advanced Python skills are required. Practical experience with Microsoft VBA is an asset, as are SQL, Power BI and DAX.
Can I work remotely?
Yes, partly. Current arrangements allow remote work usually up to two days a week from Luxembourg and the border region, or from further away under certain conditions.
How long is the contract?
The contract lasts four years, with the possibility of extension.
Can applicants of any nationality apply?
Yes. The ESM recruits talented professionals of any nationality from both the private and public sectors.
Who does the Middle Office Officer report to?
The role reports to the Head of Middle and Back Office and Portfolio Performance.
What is the reserve list?
After selection, you may be placed on a reserve list valid for six months and considered for a similar position. Only notified candidates are placed on it.
Deadline
⏳ 20 November 2026
Link
📝 Apply now (job identification 382): https://vacancies.esm.europa.eu/#en/sites/CX/job/382/apply/email
