Choose your language:

Senior Risk Analyst (m/f/d) at Allianz SE #StandwithUkraine

Allianz Munich Full-time

Job description:

Who are we?

Are you keen on driving innovation? Do you thrive in a culture of diversity, collaboration and trust? Then let's care for tomorrow. At Allianz SE, you can count on having a voice, driving innovation and change and making an impact – for us, yourself and the world. For more about Allianz SE,click here.

Who will you be joining?

Within Allianz SE, Group Risk (GR) is in charge of managing risks to bolster Allianz's financial strength and to support value-focused company leadership. As such Group Risk is responsible for monitoring and reporting on the Group's overall risk profile, and thus ensuring that individual Allianz companies adhere to the Group's risk governance principles. Our risk framework covers approximately 100 entities worldwide providing risk measures, analysis and reports to 400 - 600 direct users.

Within Group Risk, the Market Risk Analytics team is covering the areas of financial risk and capital management as well as the maintenance and development of group-wide Internal Model with focus on real-world scenario generation, risk aggregation and tax modeling. In the field of financial risk and capital management the team is responsible for all questions related to risk capital steering, in particular on Group and local target capitalization levels, Return on Risk Capital and market risk limit framework. It is also responsible to challenge and follow-up on all new investment strategies, in particular on SAA related, hedging and ALM topics. The perfect candidate should be comfortable with both areas of responsibility, leveraging synergies and supporting to Group Risk's value creation.

How can you make an impact?

  • Responsibility for development and validation of the Internal Model, specifically market risk, risk aggregation and tax effects linked to the simulation models used for risk capital estimation, model calibration & data processes
  • Providing subject matter expertise in all aspects of Allianz’s risk capital models
  • Developing/refining risk aggregation framework for financial, insurance and credit risk
  • Refining risk capital internal model methodology including prototyping activities
  • Continuously seeking improvements in data flow, informational value, and market practice benchmarks
  • Liaising with internal and external auditors, regulators and top management
  • Support regular deep dives on market risks (equity, interest rates, spreads, FX, etc.), hedging strategies and report the results and recommendations to senior management
  • Drive data warehousing, automatization and machine learning projects within FRA

What are you made of?

Minimum Qualifications:

  • Very good understanding of risk management concepts, quantitative risk methods and valuation models, notably market risk & asset liability interaction
  • Very strong communication skills and confidence in dealing with senior management
  • Ability to quickly grasp complex situations, align with stakeholders and decide in demanding situations
  • Experience with risk systems and risk reporting
  • Solvency II and regulatory knowledge (both internal model as well as standard model)
  • Experience with Group consolidation
  • Working experience within a financial services environment, consulting firm or Risk Management Department
  • Structuring to a large extent own work / analysis and executing work plans efficiently
  • High level of commitment and interest to work in a dynamic and demanding environment
  • Ability to establish and maintain internal and external working relationships with colleagues from different functions and cultures
  • Previous experience in business related functions (e.i. Sales, Operations, Claims, Underwriting, Investment Management, Asset Management, Consulting, Product Development, Finance, Market Management, Digital / Tech etc.) is a plus

Preferred Qualifications:

  • University degree in mathematics, physics, economics or alike with strong quantitative focus
  • Actuarial exam, CFA qualification, PRM/FRM or equivalent is a plus
  • Fluent in Business English (written & spoken) is mandatory
  • Advanced knowledge of standard software (Excel, Access, Word incl. VBA)
  • Knowledge of risk-related systems and programming language(s) is a strong plus

Do we have what you need?
  • Flexible working arrangements (opportunity to work from home few days per week)
  • Individual and excellent career development opportunities/plans
  • Family friendly working environment
  • Health & well-being offerings
  • Company pension & health insurance
  • Multi-national, diverse and inclusive community
  • Opportunity to make an impact on our sustainability initiatives

And there is much more!Find out more here:Allianz SE Benefits
More information regarding our recruitment process:Allianz Careers

Additional Information

Senior Recruiter: Ms. Diclemente Sabrina:+49 89 3800 69518 /+49 160 4619989
Please submit your applications only via our online tool.

We support Ukrainian and Russian job-seeking refugees looking for a new job - your applications are welcome.

27008 | Risk Management | Professional | | Allianz SE | Full-Time | Permanent

To apply for this job please visit

Array ( [header-menu] => Header Menu [topbar-menu] => Topbar Menu [footer-menu] => Footer Menu [learn-top-menu] => Learn top menu [footer-career-services] => Career services [footer-about-us] => About us [footer-self-learning] => Self-learning [footer-latest-articles] => Latest Articles )

5.0 83 reviews