Nearly 360 experts in their specialist fields have chosen the Bank of Finland as their employer. They are joined by the roughly 230 employees of the Financial Supervisory Authority (FIN-FSA), which operates in connection with the Bank of Finland. The main offices of the Bank of Finland and the FIN-FSA are located in Helsinki city centre. Maintenance of cash supply, one of the Bank’s official tasks, is handled in Vantaa. Professional competence of a very high level, job commitment and great colleagues are all hallmarks of the Bank’s employees. Staff enjoy working at the Bank of Finland; the average career at the Bank is 16 years.
FIN-FSA employees are in a public-service employment relationship with the Bank of Finland and are covered by the Bank of Finland’s collective bargaining agreements. Wages and salaries and other terms of employment are agreed locally within the Bank of Finland. In its supervisory work, the FIN-FSA takes its decisions independently, however.
In accordance with its vision, the Bank of Finland is known as a forward-looking and effective central bank and as a constructive and influential member of the Eurosystem. In addition to strong expertise, employees are also expected to display an attitude and ability to work constructively with others, develop their skills and rise to the challenge in both expert and management roles. A high level of competence, enthusiasm and job commitment are important personal qualities.
The Bank of Finland offers interesting and socially significant positions in the fields of monetary policy and research, financial markets, banking and cash supply as part of the Eurosystem. Most core function personnel hold economist and/or expert positions. In addition to core functions, the Bank possesses strong in-house expertise in the fields of IT, HRM and accounting, and language services.
International cooperation is an important and steadily expanding part of the Bank of Finland’s activities. The most important expression of such cooperation is participation in the European System of Central Banks (ESCB) and the Eurosystem. One in four of the Bank’s staff is a member of a Eurosystem committee or working group, and this cooperation is reflected in almost all positions throughout the Bank. In addition, internationalisation provides opportunities for secondments to the European Central Bank or other national central banks. Eurosystem internal training is also a prominent form of international activity.
The Bank of Finland invests heavily in developing managerial work, offering both in-house and joint ESCB leadership training. The Bank’s leadership vision obliges every supervisor to continuously improve their leadership skills and to facilitate the development of their team. Leadership quality is monitored annually by a leadership index. The goal is for the leadership index to out perform its benchmark.
Most of the Bank’s employees have a higher academic degree. Reliable, high-level research is a strategic priority, which is reflected in the Bank’s large number of experts with a doctoral degree.
According to a survey published by Universum in May 2021, the Bank of Finland is the second attractive public sector employer among business students. Overall, the Bank of Finland was ranked 10th.