niedermayer studied theoretical cybernetics, mathematical informatics and systems theory at jan evangelista purkyně university (now masaryk university), completing his education in 1989. from 1991 until 2008 he was employed at the czech national bank serving in various roles including as a director, member of the bank's board and as vice‑governor. from 2008 until his election in 2014 he was employed by deloitte czech republic as a director. niedermayer also held a number of senior roles within international financial administration, including a term as member of a working group of the bank for international settlements and representative of the czech republic at meetings of the international monetary fund and international bank for reconstruction and development. additionally, from 2005 until 2008 he chaired the scientific council of the czech banking association.