Model Risk Management Analyst Associate

Allianz Life

- The Model Risk Management team is an exciting team within Corporate Risk Management working closely with our business partners in investments, hedging, actuarial, and finance to assess and steer model risk at Allianz Life. ~crlf~~crlf~- As an entry level member of the Model Risk Management team, you will use your modelling, quantitative, and programming abilities to help validate our business partners’ models and modelling processes. You will help challenge model methodologies and implementations while gaining in-depth practical modelling experience across a wide variety of topics. Each validation project presents new challenges and opportunities. At the end of each validation, you will help organize the conclusions and update the model inventory in partnership with the team. ~crlf~~crlf~- We are looking for someone who likes building models and solving complex problems. A successful candidate will be strong technically and an excellent communicator. A background in derivative or actuarial modelling topics, critical thinking skills, some programming ability, as well as the motivation and ability to learn new models will be important for success. The ability to communicate effectively and make and present recommendations clearly is necessary.

• Perform model validations, challenging the appropriateness of assumptions, models, modelling processes, and results ~crlf~• Ensure activities and results are documented~crlf~• Help maintain the model inventory, track relevant information~crlf~• Work with members of the model risk management team to organize work and move projects forward~crlf~~crlf~

- 0 - 2 years work experiencea~crlf~- 4 year Bachelor’s degree in finance, mathematics, statistics, engineering or related technical or business field~crlf~~crlf~Desired ~crlf~- Advanced degree or progress towards professional certification including Masters or successful exam progress towards actuarial designation~crlf~- Knowledge of the insurance industry and insurance products~crlf~- Experience with or willingness to learn any of the following investment, derivative, hedging, actuarial, accounting including IFRS, US GAAP, or similar, statutory, capital, and other models~crlf~- Experience with or willingness to learn different programming languages including C#, R, SQL, VisMoses/RiskAgilityFM~crlf~~crlf~

At Allianz, we foster a workplace where every person feels welcome, connected, and valued.

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 100 million private and corporate customers and more than 147,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~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.

Retiring with financial security. Living life with confidence. At Allianz Life®, every employee knows these are the things that matter. To do what matters means giving employees the tools and opportunities they need to create innovative, industry-leading products, to discover and embrace new trends, and to strengthen the customer experience. As a company, it means creating a culture that is inclusive, where doing the right thing comes naturally, and promoting an environment that develops talent, seeks excellence, encourages smart risks, and recognizes and rewards people for their performance. Doing what matters for employees helps everyone focus on doing what matters most for our customers. Allianz Life. What you do here matters.

Why Allianz Life®? Because we hire people who are dedicated to doing what matters and we give you the quality training, support, and advancement opportunities you need to succeed. As a company known for its financial strength, we offer generous benefits, have a strong commitment to community involvement, a collaborative culture, and a unique level of energy. The result is engaged and more productive employees. From the very first day you join our team, you will know that your contributions are valued. We practice True Balance at our campus by providing a fun work environment, an on-site child development center, a fully staffed fitness center, and a variety of meal options in both our full-service cafe and bistro. And all medical, dental, and retirement benefits are effective the first day you join Allianz Life, so you can focus on what truly matters.~crlf~~crlf~An equal opportunity employer.~crlf~~crlf~

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