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CAREERS

CAREERS

ESMA is looking to recruit staff from a broad range of professional backgrounds and from both the private and public sectors.

Vacancies Vacancies - ESMA

Working at ESMA

As a body dedicated to the regulation of the EU’s securities markets, we can offer you opportunities across a number of areas including: policy development, supervision, financial and economic analysis, communications, administration, and legal services.

We recruit across all financial markets fields: investment management, market infrastructure, economics, corporate finance and reporting, etc. and look for high quality professionals with thorough knowledge in their field.

Career options

ESMA staff are subject to an annual performance appraisal based on objectives agreed between the line manager and the jobholder. The appraisal system has a dual purpose, namely: to assess the employee’s performance over the year and also their eligibility for promotion; and to assist the employee in developing their potential, to further enhance their career prospects.

To support staff members in their careers, we develop tailored individual employee training programmes, based on the self-assessment and appraisal of staff, which will enable employees to meet their potential and also allow them to map out a career path within the organisation. In support of this aim, we provide a variety of training opportunities in general or technical fields, including language and management courses, through individual/group trainings, specific in-house events or external activities. As ESMA grows, the possibilities for internal mobility will also increase, allowing employees to pursue a definite career path within the Authority.

Contracts

ESMA recruits its employees under two types of contracts, Temporary Agents on the basis of Article 2(f) of CEOS and Contract Agents on the basis of the Article 3(a) of the CEOS. For temporary agents, the duration of the initial contract is five years. After 5 years the contract may be renewed for an indefinite period. For contract agents, the initial duration of the contract is stipulated in the vacancy notice. It might be renewed once for a fixed period. Any further renewal shall be for an indefinite period.

Probation

All staff recruited by ESMA must serve a 9 month probationary period.

Staff members in managerial positions serve a nine month managerial probation period, which runs concurrently with the standard probationary period.

Appraisal

Temporary and contract agents at ESMA are subject to an annual performance appraisal. Objectives need to be agreed upon and established at the beginning of the contract period. The employee should work towards his/her objectives set.

Salary and benefits

Our working and contractual conditions are based on the EU Staff Regulations and the Conditions of Employment of Other Servants of the European Communities (CEOS). These offer a competitive remuneration package which includes pension provision, health, accident and unemployment insurance. In addition, additional allowances are paid to staff depending on their family circumstances.

Basic salary and benefits

The salaries for staff depend on the category and grade of each post. The basic monthly salaries are shown in the following tables.

Temporary agents (TA)

GRADE

STEP

REQUIREMENTS

(Degree/Education + years of professional experience)

GROSS BASIC SALARY (€)[1]

AST1

1

Post-secondary education OR

Secondary Education + 3 years

2675,40

2

Post-secondary education + 3 years   OR

Secondary Education + 6 years 

2787,82

AST2

1

Post-secondary education + 1 year     OR

Secondary Education + 4 years 

3027,04

2

Post-secondary education + 6 years   OR

Secondary Education + 9 years 

3154,24

AST3

1

Post-secondary education + 3 years   OR

Secondary Education + 6 years 

3424,90

2

Post-secondary education + 9 years   OR

Secondary Education + 12 years 

3568,82

AST4

1

Post-secondary education + 6 years   OR

Secondary Education + 9 years 

3875,06

2

Post-secondary education + 12 years   OR

Secondary Education + 15 years 

4037,89

AD5

1

3-year Degree

4384,38

2

3-year Degree + 3 years 

4568,62

AD6

1

3-year Degree + 3 years 

4960,64

2

3-year Degree + 6 years 

5169,10

AD7

1

4-year Degree + 6 years   OR

3 year Degree + 7 years 

5612,65

2

4-year Degree + 9 years  OR

3-year Degree + 10 years 

5848,50

AD8

1

4-year Degree + 9 years   OR

3-year Degree + 10 years 

6350,35

2

4-year Degree + 12 years  OR

3-year Degree + 13 years  

6617,20

AD9

1

4-year Degree + 12 years  OR

3-year Degree + 13 years 

7185,01

2

4-year Degree + 15 years  OR

3-year Degree + 16 years 

7486,94

AD10

1

4-year Degree + 12 years  OR

3-year Degree + 13 years  

8129,38

2

4-year Degree + 15 years  OR

3-year Degree + 16 years 

8470,99

AD11

1

4-year Degree + 15 years  OR

3-year Degree + 16 years 

9197,87

2

4-year Degree + 18 years  OR

3-year Degree + 19 years 

9584,37

AD12

1

4-year Degree + 15 years  OR

3-year Degree + 16 years 

10406,80

2

 4-year Degree + 18 years’  OR

3-year Degree + 19 years’ 

10844,10

 

[1] Excluding the correction coefficient for France. Value date: 01/07/2012

Contract agents (CA)

FUNCTION GROUP

 

REQUIRED QUALIFICATION

 

GRADES

GROSS BASIC SALARY (€)[1]

 

Function Group I (FGI)

 

Compulsory education

Grade 1

1862,54

Function Group II (FGII)

 

Post-secondary education

 

OR

 

Secondary education + 3 years professional experience

 

Grade 4

Level of qualification required +

up to 7 years’ professional experience

1934,53

Grade 5

Level of qualification required +

more than 7 years’ professional experience

2188,86

Function Group III (FGIII)

Post-secondary education

 

OR

 

Secondary education + 3 years professional experience

 

Grade 8

Level of qualification required +

up to 7 years’ professional experience

2476,74

Grade 9

Level of qualification required +

more than 7 years’ professional experience

2802,28

Grade 10

Level of qualification required +

more than 15 years’ professional experience

3170,60

Function Group IV (FGIV)

University studies of at least 3 years + 1 year professional experience

 

Grade 13

Level of qualification required +

up to 7 years’ professional experience

3170,61

Grade 14

Level of qualification required +

more than 7 years’ professional experience

3587,37

Grade 16

Level of qualification required +

more than 20 years’ professional experience

4592,43

 

[1] Excluding correction coefficient for France. Value date: 01/07/2012

Salaries paid by ESMA are exempt from national taxation in all EU Member States, but subject to income tax (deducted at source) for the benefit of the European Communities, and are paid by the 15th day of each month.

The salary is weighted with a correction coefficient based on the cost of living in France (this coefficient is 100% for Belgium and Luxembourg, and 116.8% for France). Pay rates and correction coefficients are adjusted each year.

In addition to the basic salary, Agents may receive various allowances depending on their personal circumstances. The final salary is calculated by adding the relevant allowances and by deducting social security contributions and other taxes.

Social security deductions:

  • Pension (10,10%)
  • Health insurance (1,70%)
  • Accident cover (0,10%)
  • Unemployment insurance (0,81%)
  • Income tax
  • Tax levied progressively at a rate of between 8% and 45% of the taxable portion of the salary
  • Special levy (6%) calculated on the part of the remuneration exceeding the minimum remuneration. This levy is not applied to contract agents FG I, II or III.

 

This is an overview some important (financial) aspects for staff taking up duty. The rights of each newcomer are established individually based on the supporting documents provided:

  • Family allowances: household, dependent child, education allowances. Family allowances received from other sources must be declared and will be deducted from those paid by ESMA
  • Expatriation allowance/residence allowance
  • Daily subsistence allowance
  • Allowance for travel expenses when taking up the duty
  • Removal reimbursement
  • Installation allowance
  • Annual leave entitlement
  • Place of origin/place of recruitment
  • JSIS – health insurance scheme
  • Relocation service

Further information regarding the rights and conditions of employement can be found in the Staff Regulations of Officials of the European Communities.

 

Work-life balance

ESMA aims to create and maintain a supportive and healthy work environment that enables staff members to have balance between work and personal responsibilities. Our work-life balance initiatives include:

  • Paternity & parental leave;
  • Part time;
  • Flexible working hours;
  • Special leave under certain circumstances such as marriage, birth or adoption of child and other family events;
  • Annual leave;
  • Unpaid leave; and
  • Teleworking.