Senior Quantitative Risk Expert

Allianz plc

The Opportunity

Are you a skilled actuary with a passion for risk management? Do you thrive in dynamic environments where your expertise directly influences critical business decisions? If so, we invite you to join our Quantitative Risk team at Allianz plc as a Senior Risk Actuary.

Working as a Senior Risk Actuary within our Quantitative Risk team, you will play a pivotal role in the Risk Management Function (RMF). Your key responsibilities will include:

• Owning key risk processes such as the Recovery Plan, ORSA and annual risk capital planning process, including analysing scenarios and accumulations to inform strategic decisions.
• Providing meaningful inputs and reporting to deliver actionable insights for management.
• Optimising risk capital steering and allocation, including developing and validating Allianz plc’s Solvency II Internal Model to maintain its robustness and appropriateness.

Given the increasing complexity of financial markets, regulatory changes, and the evolving risk landscape (including risks and opportunities relating to climate change and sustainability), this role has gained heightened significance, offering you the opportunity to provide essential input for key business decisions.

At Allianz Ireland, our Risk Management Function is dedicated to delivering cutting-edge solutions for managing, controlling, and mitigating risks. By joining our Quantitative Risk team, you will shape our risk management strategies and ensure our continued success in a rapidly changing world. We recognise the unique strengths each team member brings and are committed to aligning the role with your skills and career goals.

In a highly collaborative environment, you will work closely with a diverse and experienced team of actuarial and risk professionals, as well as colleagues from the Finance, Actuarial, and Underwriting functions and the local Management and Board Risk Committees and Internal Model Oversight Board. You will also engage with Allianz Group’s central functions in Germany to ensure alignment and integration of risk management practices.

The position is based in Allianz House, Elmpark, Merrion Road, Dublin 4, and also offers the opportunity to work from home under the new Allianz hybrid working model.

Key Responsibilities

• Recovery Plan, ORSA Process and annual risk capital planning: Manage and coordinate key risk processes with internal and external stakeholders.
• Scenario Analyses & Stress Testing: Conduct scenario analyses and stress testing of key risks in conjunction with the ORSA Report, Recovery Plan and Top Risk Assessments.
• Quantitative Risk Limit Framework: Further develop the quantitative risk limit framework to effectively mitigate risks in close collaboration with the business and support adherence to the company’s risk appetite.
• Capital Management Initiatives and Projection: Provide advanced contributions to capital management initiatives and the SII steering squad.
• Internal Model Risk Capital Production: Analyse and communicate the movements in risk capital arising from each Closing run under the Internal Model.
• Innovation: Develop state-of-the-art solutions for risk management, control and mitigation.

What We Offer

• An integral role within a highly respected and international Risk Management team.
• A supportive environment that values collaboration and innovation.
• Opportunities for professional growth and development.
• The chance to make a significant impact on Allianz plc’s risk management strategies.
• A tailored scope of responsibilities that can be adjusted to fit your strengths and career aspirations.

Essential Experience

• Proven 5+ years of experience in risk management or actuarial roles, with Solvency II experience an advantage.
• Third level graduate of a relevant Actuarial, Mathematics, Physics or comparable quantitative-technical discipline
• Excellent collaborative attitude.
• A proactive approach to problem-solving and decision-making.
• Persistent attitude towards identifying best possible approaches to reflect and model risks.
• Excellent communication, project management and report-writing skills.

Regulatory Notice

Appointment to this role will be subject to the requirements provided for by the Central Bank of Ireland.   This role is a Control Function (CF2) and is subject to F&P Standards.  This includes the requirements provided for by the Central Bank (Individual Accountability The successful candidate will be provided with the relevant Conduct Standards (including Additional Conduct Standards) training, where required. 

Allianz plc. is regulated by the Central Bank of Ireland.

58405 | Risk Management | Professional | Non-Executive | Allianz Ireland | Full-Time | Permanent

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 ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.