Traineeship – Climate Working Group (Chief Economist Department)
Job description
Deadline for the application: 8 February 2026. The ESm is looking for a candidate studying towards (or recent graduates from) a master's or PhD degree to assist the Climate Working Group within the Chief Economist Department. The European Stability Mechanism (ESM) traineeships aim to provide talented university students and recent graduates with an opportunity to understand how the ESM works and contribute to its mission.
The Chief Economist Department (CED) consists of three divisions: Economic and Market Analysis, Economic Risk Analysis, and Financial Sector and Market Analysis. The department is responsible for economic and financial analysis, policy studies, and country monitoring work. The Climate Working Group is a horizontal team with members from all divisions that is dedicated to developing and implementing the Chief Economist Department’s climate strategy.
Purpose Of The Traineeship
The successful candidate will join the Climate Working Group and contribute to the further development, enhancement, and implementation of the department’s framework for conducting country-specific climate change risk assessments. The trainee will closely collaborate with experienced professionals within the organisation to gain hands-on experience in applied economic analysis, data analysis, and modelling. ESM colleagues will assist them in their duties.
Key Qualifications
A candidate (or recent graduate within one year of graduation) for an advanced university degree (Master’s/PhD) in economics, finance, data science, statistics, or a related field.
Experience in data analysis and empirical research using specialised software (Stata, R, MATLAB, etc.).
Knowledge of climate economics and related modelling approaches, as well as familiarity with the work of the Network for Greening the Financial System (NGFS) would be a strong plus.
Experience with risk assessments and risk categorisation/scoring approaches would be a plus.
Fluency in English, both oral and written.
Key Competencies
Analytical and technical skills with attention to detail
Written and verbal communication skills
Flexibility and results-orientated approach
Conceptual thinking
Problem-solving skills and creativity
Positive team spirit and adaptability
Intellectual curiosity and eagerness to learn new topics
Proactive attitude
Application Process And Practical Information
Deadline for application: 8 February
Expected start date: as soon as possible
Expected duration: six months, with possibility of extension up to 12 months
Competitive allowance granted
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 our workforce, we particularly encourage talents from under-represented groups to apply.
About us
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.
Practical information
Deadline for application
08 Feb 2026 22:59 h
Job identification
336
Posting date
08 Jan 2026 13:35 h