1) Motivation – long cover letter
Dear Recruitment Team,
I would like to express my sincere interest in the position of xxx that your XXX Team/Department is currently advertising. This is an exciting prospect for me, as I firmly believe that my skill set, experience, and long-term ambitions, significantly align with the stipulated responsibilities.
I am aware that your esteemed team has a considerable contribution to European integration, primarily in the context of the European Banking Union, and I would be very enthusiastic about being a part of the effort in promoting the adequacy and effectiveness of a broader financial architecture.
I believe that the roles associated with this position set an environment that will stimulate me to develop further my professional expertise and personal competencies, something I particularly seek out in employment opportunities.
I have outlined below the professional and personal qualities that I believe make me an excellent candidate for this position.
Professional expertise: I am fortunate to have had the opportunity to work across a broad spectrum of jurisdictions and business models, facilitating a strong awareness of a diverse range of topics. Despite approaching them from different angles, I have consistently focused on global and EU financial sector regulations, which has allowed me to accumulate knowledge of these subjects through informed and lateral perspectives. A key asset that I believe would be advantageous if I am offered a position within your team is my thorough understanding of various prudential regulation concepts and issues. For example, recently, I have been following the finalization of Basel III and the EU Banking Reform Package. I would also consider my experience with banking supervision and risk management, alongside familiarity with international and EU decision-making and legislative processes, to be very beneficial within this post. Furthermore, throughout my career, I have gained plenty of practical experience ranging from drafting regulations, devising strategies and policies, advising and advocating, to managing projects, implementing internal procedures, designing processes, and preparing functional specifications for application support. The accomplishments that have greatly prepared me for the requirements of this role include setting up internal governance and risk management frameworks, managing projects for the implementation of ICAAP and AMA, participating in the implementation of IRB, participating in projects related to IT risk management, outsourcing, fraud prevention, and advising on business process design.
For more than 15 years, I have held positions requiring me to follow developments in the financial sector, but my intellectual curiosity has also driven me to expand my knowledge further. Passionate about my work, I welcome opportunities to grow, and I enthusiastically embrace change. Very adaptable in my working method, I have learned to be well-organized and to master new information quickly and with relative ease. I take a generally more holistic approach to see the bigger picture and wider-reaching impacts, although I am also capable of thoroughly analyzing details. Combining these essential personal skills has frequently come to the fore when preparing supervision reports, regulatory analyses, impact assessments, legislative proposals, comments, briefings, and policy positions.
I inspire confidence and create long-lasting professional relationships through my ability to communicate, negotiate and advise effectively. Possessing high-level verbal and written communication skills is my necessary strength, further improved through constant exposure to diverse professional and cultural environments. I have interacted with different national and EU stakeholders from both the private and public sector – regulatory and supervisory institutions such as the EBA and ECB, industry associations, banks, think tanks, public relations organizations, and academic and research institutions. Along with excellent written communication skills developed through the preparation of analysis, reports, briefings, and opinions, as well as publishing professional articles; I have also exhibited clear presentation and debating skills, which I have enhanced through lectures, panels, conferences, discussions, and meetings with various counterparts.
Being multilingual – fluent in Croatian, English, and Italian, as well as having basic command of German and French – together with traveling extensively and living in several countries, has been pivotal in allowing me to gain a sound grasp of many European cultures. Furthermore, being informed, aware and sensitive, has given me a good understanding of establishing a successful interpersonal rapport. These skills have been very helpful to me in maintaining an extensive contact network across EU institutions, financial sector organizations, consultancies, and academic institutions, as well as forging invaluable relationships with policymakers, regulators, supervisors, researchers, and other stakeholders from various countries.
The ability to integrate well with diverse, multi-cultural, and multi-functional teams in national and international settings has significantly contributed to my career progression. I have demonstrated these skills as both a team leader and team member on several noteworthy occasions (e.g., when leading the AMA project where particular attention was paid to facilitating efficient communication and to satisfying specific interests of a wide range of team members; and when preparing proposals for regulations or policy briefings were working closely with colleagues was imperative to benefit from a synergy of ideas and ensure that high standards were met). I know that in such circumstances, my ability to perform well should largely be attributed to the awareness I have of others and the diverse background I have, as these have both helped me better assess different stakeholders’ positions and identify initiatives that may suit even the most complex situations.
Given my professional experience, competencies, skills, and personal characteristics, I believe that I would be a valuable addition to your team, and I would appreciate the opportunity to demonstrate my suitability for this role.
2) Simplified cover letter
I would like to apply for the position of xxx in the xxx team/department (Ref: xxx).
With professional experience covering a broad spectrum of topics, jurisdictions, and business models, I believe that I would be a valuable addition to your team. I have consistently focused on the global and EU financial sector regulations throughout my career, which has allowed me to accumulate knowledge of these subjects through informed and lateral perspectives. I have a thorough understanding of various global and EU prudential regulation concepts and issues (e.g., recent finalization of Basel III and EU Risk Reduction Measures), banking supervision, and risk management, alongside my familiarity with international and EU decision-making and legislative processes. Additionally, I have gained important practical experience in drafting regulations, devising strategies and policies, advising and advocating, leading projects (AMA and ICAAP implementation), as well as setting up internal governance and risk management frameworks.
Attached is my CV, and I very much look forward to hearing from you and getting to learn more about this opportunity.
3) Short application letter
I would like to apply for the position of xxx.
The professional experience I have gained spans over a wide range of topics, jurisdictions, and business models, and the accomplishments which have exceptionally prepared me for the requirements of this role include my thorough understanding of various global and EU prudential regulation concepts and issues, banking supervision, and risk management, alongside my familiarity with international and EU decision-making and legislative processes.
Attached is my CV, and I very much look forward to learning more about this opportunity.