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A fantastic opportunity to learn

'The traineeship was a great skills and competencies builder.' - says Federico Della Negra from Italy, ECB intern.

Why did you choose a traineeship in the program at ECB?
I applied for this traineeship because I wanted to learn more about banking supervision and the EU Banking Union as a whole, as well as to put in practice the knowledge acquired throughout my studies and research in EU banking and financial law.

Was the application process difficult?
The application process requires a thorough preparation. Personally, I have focused on the institutional aspects of the EU Banking Union, the SSM and in particular the ECB’s mandate. Candidates are also expected to have the capacity to communicate clearly and effectively in writing, as well as orally at the interview.

What did you do during the traineeship?
I have done my traineeship in the Secretariat of the Supervisory Board which has the task of supporting the activities of the Supervisory Board and the Administrative Board of Review (ABoR),  by assisting in meeting preparations and in related legal issues. Therefore, I have supported the colleagues in the preparation and finalization of draft ECB supervisory decisions on a broad array of supervisory matters and also on policy issues.

What was the most interesting and the hardest task for you?
What I found most interesting was precisely contributing to the preparation of high impact supervisory decisions concerning some of the largest credit institutions in Europe. Another very interesting task was to assist my colleagues in preparing legal documentation and doing research in relation to the hearings before the ABoR, which carries out internal administrative reviews of decisions taken by the ECB in the exercise of its supervisory tasks. I found the review of some documentation on very technical supervisory aspects within a short timeframe the hardest task for me, especially at the beginning of the traineeship.

What did you learn at ECB?
The traineeship was a great skills and competencies builder. Working together with banking supervision experts mainly helped me develop my capacity to analyze complex issues and to pay attention to details, as well as to link concrete aspects to the broader EU legal framework. I have also had the opportunity to work with many different stakeholders, of different origins and backgrounds, which has helped me sharpen my communication skills.

Does every trainee have a tutor in the department where they are being trained?
Yes, every trainee has a tutor to facilitate his or her integration and to provide assistance in case of questions. However, trainees usually work with many other colleagues apart from their tutor.

How did you spend your time outside of work?
When I was not working on my PhD thesis, I spent my free time doing sports and enjoying the city with friends.

Is the trainee's salary sufficient?
In my view, yes. In addition, the ECB supports the accommodation costs, which is of great help, of course.

Did the traineeship help you find a job you were interested in?
Yes. In fact, after the traineeship, I was successful in a selection process and I was hired as a supervisor in the ECB’s Directorate-General which is responsible for the oversight of the supervision of less significant institutions (DG-MS III). I consider the traineeship key in developing the right skills and competencies, as well as the motivation to continue working in the ECB’s banking supervision function with enthusiasm and passion. 

What would you say to people who would like to apply for a traineeship at ECB?
I strongly encourage people to apply for a traineeships. As already mentioned, it is a fantastic opportunity to learn, to grow and to bring a concrete contribution to the EU!


Interview by Agnieszka Góralczyk

Published: Fri, 26/01/2018 - 20:50

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