Who are we?
Are you keen on driving innovation? Do you excel 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 Financial Risk & Aggregation 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 new investment strategies, in particular on SAA related, hedging and ALM topics. In this position, you should be comfortable with both areas of responsibility, leveraging synergies and supporting to Group Risk's value creation.
How can you make an impact?
You will:
* Be responsible to coordinate and prepare projections of Group Solvency II ratio for the monthly Solvency II capital forecast & management calls. Regularly validate methodology for Solvency II projections, e.g. based on back testing results. Share senior level expertise within the community of involved OEs and Group experts and contribute to various management reports
* Support the Internal Model development and validation, focusing on market risk and risk aggregation linked to simulation models for risk capital estimation, model calibration, and data processes
* Contribute to the regular stress testing exercise on the risk side from scenario definition together with AZ Research, and derive an impact analysis for the Group. Provide expert judgment in order to ensure the coherence of the scenario outputs
* Be responsible for supporting cross-functional projects and analysis on market risk topics jointly with AIM, GAPC, GTCF or OEs
* Drive projects surrounding the capital steering (e.g. review of capital management actions or assessment OEs capital efficiency)
* Continuously seek improvements in data flow, informational value, and process automatization
* Be backup for closing activities, especially for Group sensitivity calculation
* Support regular deep dives on market risks (equity, interest rates, spreads, FX, etc.), hedging strategies and report the results and recommendations to senior management
What are you made of?
Minimum Qualifications:
* University degree in mathematics, physics, economics, or a related field with a strong quantitative focus
* Minimum 5 years+ working experience within a financial services environment, consulting firm or risk management department
* Very good understanding of risk management concepts, quantitative risk methods and valuation models, notably market risk & asset liability interaction
* Experience with Solvency II, risk systems (preferably internal model and standard formula) and Group consolidation
* Ability to quickly grasp complex situations, align with stakeholders and decide in demanding situations
* Very strong communication skills and confidence in dealing with senior management
* 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
* Fluent in Business English (written & spoken) is mandatory
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
* Advanced programming skills (e.g. Python)
* Previous experience in business related functions in insurance is a plus (e.g. Investment Management, Consulting, Product Development, Finance, Digital / Tech)
* Experience applying ChatGPT, Generative AI, and Ethical AI solutions
Do we have what you need?
* Flexible working arrangements
* Excellent career development opportunities
* Family friendly working environment
* Health and well-being offerings
* Company pension and health insurance
* Multinational, diverse and inclusive community
* Opportunity to affect our sustainability initiatives
And there is much more! Find out more here: Allianz SE Benefits
More information regarding our recruitment process: Allianz Careers
For more information contact Ms. Sabrina Diclemente: +49 89 3800 69518
People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email to RECRUITING-SERVICES@allianz.com
70928 | Risk Management | Professional | Allianz SE | Full-Time | Permanent
To Recruitment Agencies:
Allianz SE has an in-house recruitment team that sources great candidates directly. Therefore, Allianz SE does not accept unsolicited resumes from agency or search firm recruiters.
When we do work with recruitment agencies, that engagement is formalized by a contract. Fees will only be paid when there is a contract in place. Without a contract in place, we will not accept invoices on unsolicited resumes, even if the candidate was ultimately employed by Allianz.
Finally, please do not contact hiring managers directly.
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Great to have you on board. Let's care for tomorrow.
Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.