Associate Graduate Program - Risk Management

Allianz Commercial (AzC) employs the brightest, most passionate people in the insurance industry. We’d love for you to join our growing team! We invest in our people through training and professional development while supporting you along the way—all so you can meet your career goals. To us, the most important measure of our success is yours.

This is a once-in-a-career opportunity to kick start your Finance career with an in-depth, on-the-job learning experience coupled with a structured development program at one of the world’s strongest financial services groups and the leading global insurance brand in the world, Allianz Commercial.

We are seeking aspiring Finance Bachelor’s graduates, to support the Risk Management and Analytics, and join our fast-paced, customer-focused CFO Team. 

The ideal candidate will be an intellectually curious, team-minded contributor. You will spend the first 12 months in Risk Management in a corporate setting and participating in projects.  You will also support the Senior Risk Analysts and Regional Head of Risk Management North America in tasks that contribute to the robustness of the Allianz Risk Management Framework in the North American Region. 

The Impact You Will Have 
We are looking for Graduates who want to blaze new trails, disrupt the insurance industry and shape a better tomorrow. We care about your opportunities for advancement. Individual development, career mobility, and lifelong learning opportunities are available to all our employees worldwide.

During your first year of employment, you will participate in the Graduate Program which is a 12-month professional development program designed to attract, develop and retain the next generation of insurance professionals. The Program will support your growth as a well-rounded technical expert and potential future leader at Allianz Commercial. 

Key Program elements include:

• Employment begins mid-July 2025 and the Program starts in early August of 2025
• Time is split between structured learning curriculum and on the job experiential learning
• Opportunity to gain a broad base of industry knowledge, function specific expertise as well as personal and professional skills development  
• Ensuring that risks are effectively managed in terms of identification, measurement, and setting of an adequate risk appetite for topics within AGCS North America region and in contribution to global risk management topics. This includes conducting and reviewing business areas of concern, communication and reporting risk topics to the Head of Risk Management NA.
• Management, monitoring and reporting of top risks, including key risk indicators and mitigation plans for identified deficiencies/gaps.
• Active involvement in driving a strong governance process.
• Interactions with the business on risk steering topics including derivation of mitigation plans/actions.
• Qualitative and quantitative risk management, incl. risk identification, risk assessment, risk analysis, control assessment.
• Responsible for preparation of standard and ad-hoc management reports.    
• Hybrid working environment allowing you to collaborate with and learn from teammates
• Access to an extensive array of Allianz Commercial professional development resources upon Program completion

                
What You’ll Bring to the Role

• Recently completed university degree
• Minimum GPA of 3.0 preferred
• Finance and Insurance know-how (ideally P&C) as well as understanding of complexities inherent in an insurance group (consolidation processes, legal vs management view) allowing for cross-departmental thinking and acting.         
• Handle qualitative and quantitative risk assessment        
• Knowledge of risk measurement techniques following Group policies and guidelines.         
• Knowledge of risk profiles of local OE taking into account ORM/SOX, Credit risk, Insurance risk and Financial Risk, and compliance with Group policies         
• Eligibility to work in local hiring office (US or Canada)    
• Problem-Solving and Analytical Skills: Ability to grasp and resolve complex issues independently with a proactive "can-do" attitude.
• Communication and Interpersonal Skills: Strong communication, presentation, and interpersonal skills to develop and maintain relationships.
• Professional Growth: Willingness to pursue certifications in financial risk management such as FRM or PRM.
• Deliverables and Deadlines: Proven ability to work under tight deadlines and deliver high-quality results.
• Technical Proficiency and Experience: Proficiency in Microsoft Office (including Advanced Excel and Power BI) and relevant experience in risk management, finance, or quantitative disciplines through internships, academic projects, or employment. 

This job pays a salary $69,000 per year. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package.  As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

62300 | Risk Management | Entry Level | Allianz Commercial | Full-Time | Permanent

What’s in it for you?

Let’s care about everything that makes you, you
We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back. 

Let’s care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.  
As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium. 

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture.
 

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 agcsglobalcareers@allianz.com
 

Recruitment Agencies: 
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.

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