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European Central Bank

Maintains price stability for euro area

European Internal Audit Trainee

Internal Audit & ControlsPosted on Nov 12
Internship · Spring 2027Frankfurt, Germany€6.75 /hrIn-person

About the Job

Requirements

  • A bachelor’s degree or higher in internal audit, finance, accounting, business administration, economics, information technology, computer science, data science, statistics, or another relevant field is required.
  • Knowledge of how the Eurosystem, the European System of Central Banks, and European banking supervision operate is required.
  • A good knowledge of data analytics and relevant tools, such as Python and Tableau, and of artificial intelligence tools is required.
  • A good knowledge of the Microsoft Office package is required.
  • An advanced (C1) command of English and an intermediate (B1) command of at least one other official European Union language are required.

Responsibilities

  • Analyse and document business and/or information technology processes, including flowcharts, written control assessments, and narrative descriptions, in central banking, banking supervision, and supporting business functions such as human resources, information technology, and administration.
  • Evaluate the effectiveness, efficiency, and risks of these processes, and recommend improvements.
  • Apply analytical techniques to achieve specific testing objectives.
  • Prepare technical documents and draft working papers, and contribute to reports covering the individual stages of an audit.
  • Contribute to audit governance and support management work relating to planning, methodology, quality assurance, and continuous improvement.
  • Work with professionals at all hierarchical levels of the host institution.

Desired Qualifications

  • A master’s degree in internal audit, finance, accounting, business administration, economics, information technology, computer science, data science, statistics, or another relevant field is desired.
  • Knowledge of the latest version of the International Professional Practices Framework established by the Institute of Internal Auditors is desired.
  • An intermediate (B1) command of German, Spanish, French, Croatian, Italian, or Portuguese is desired.
  • Practical experience in one or more of internal audit, finance, quantitative analysis, accounting, controlling, risk management, cybersecurity, cloud computing, digital forensics, information technology general and application controls, or business process automation is desired.

About the Company

European Central Bank

Maintains price stability for euro area

Summary: 1) What it does: The European Central Bank is the central bank for the euro area, which includes the 21 EU countries that use the euro. Its main task is to keep the euro’s purchasing power stable by maintaining price stability in the area. 2) How its product works: The ECB uses monetary policy tools to influence the money supply and interest rates in the euro area. It sets key policy rates, conducts operations to manage liquidity in the banking system, and can buy or sell assets to steer overall demand. It also helps issue euro banknotes and supports banking supervision within the euro area. 3) How it differs from competitors: Unlike commercial banks or national central banks, the ECB operates for the entire euro area under a single currency, with an independent mandate focused on price stability across 21 countries, rather than serving individual markets. 4) Its goal: To maintain price stability and protect the purchasing power of the euro over time.

Company size
1,001-5,000
Company stage
Not listed
Total funding
$16.5M
Headquarters
Frankfurt, Germany
Founded
1998

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