How long have you worked at the SRB and how has it changed since you joined?
I joined the SRB in November 2023 as part of a new cohort of Bank Resolution Experts. Coming from the European Central Bank where I worked in banking supervision, I was eager to expand my expertise into the field of resolution. Although I had some background knowledge, resolution itself was a relatively new area to me. What drew me to the SRB was its critical mission as a resolution authority, protecting the real economy and taxpayers from potential fallouts of bank failures. The recent events surrounding Sberbank and Crédit Suisse in 2022 and 2023, respectively, had also highlighted the importance of effective resolution mechanisms, and I was inspired to be a part of it.
And needless to say, it did not disappoint! As a member of a resolution unit, I've had the opportunity to work closely with a talented team of experts who supervise significant institutions. Over the past year and a half, I've learned an enormous amount from my colleagues and the role itself. Moreover, I've witnessed the institution evolve, particularly with the launch of the SRM Vision 2028, which had a tangible impact on my work, notably in our increased emphasis on testing exercises. I was also fortunate enough to play a part in some of these changes, participating in a number of simplification initiatives in-house. This is in my opinion one of the assets of the SRB – good ideas and initiatives are always welcome, and there is room for everyone who is willing to contribute.
What do you particularly like about your work at the SRB?
Experts in resolution units have the opportunity to focus our efforts on a select few banks, usually between one and three. This approach is incredibly enriching as it allows to delve deeply into a specific institution and grasp it in all its complexity. We get to explore various facets such as governance, liquidity, or access to financial market infrastructures, gaining a comprehensive overview of how everything is interconnected. As one of my colleagues put it, it’s like assembling different pieces of the puzzle. Working directly with banks is also an opportunity to engage in constructive dialogue with them and be challenged. It adds an imperative to aim for excellence, which in the long-run is an amazing catalyst for personal growth and development.
What is more, I strongly value the purpose of this work and the mission of the SRB. The SRB was created following the 2008 financial crisis as one pillar of a system aiming to shield citizens and taxpayers from future banking crises. It’s rewarding and empowering to contribute in this mission and work towards a greater good.
Would you recommend the SRB as an employer?
I would definitely recommend it! The SRB is an inclusive employer that recruits from a wealth of backgrounds and profiles. The pool of SRB staff is international and diverse, making it an enriching place to work. Hence, while the work in itself is interesting and fulfilling, it wouldn’t be as enjoyable without the fantastic colleagues around me. In my experience, you’ll always find people willing to join you in starting a running club and participate in a marathon, or organising regular padel tournaments.
The SRB also values a healthy work-life balance, which is crucial for maintaining both personal and professional satisfaction. Overall, it offers a rewarding environment where you can make a meaningful impact, including on the organisation itself, while cultivating your career.
Is it hard to prepare for a competition at the SRB as a resolution expert?
Preparing for a competition at the SRB can seem daunting, given the technical nature of the work and the competitive recruitment process that attracts hundreds of applicants for every recruitment call. However, I can attest that with the right mindset and preparation, it's definitely achievable. My own experience is a case in point - I had a background in banking supervision and financial stability, and while I didn't have direct experience in resolution, I was eager to learn and take on the challenge.
The SRB regularly opens junior (AD5) reserve lists, and I was pleased to find that many of my colleagues who joined at the same time had also come from diverse backgrounds, with varying levels of experience in resolution. Of course, this meant that there was a lot to catch up on during the preparation phase, especially when competing with applicants who had prior exposure to the topic. Nevertheless, with a solid study plan, discipline, and a willingness to learn, it is possible to bridge the gap, and the SRB values the diversity of profiles and backgrounds of its staff.
My advice to anyone interested in joining the SRB would be to not self-censor - don't assume that you're not a strong candidate. Instead, take the leap, apply, and see where it takes you!