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Risk Manager - Portfolio Risk (Equity) (f/m/d)

Job Level:  Professional

Frankfurt, DE, 60323

Due Date:  To be filled asap
Area of Expertise:  Risk Management
Unit:  Allianz Global Investors
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  1109


Join us. Let’s care for tomorrow.

At Allianz Global Investors our people enjoy motivating, fulfilling careers. If you are looking for a fast-paced working environment, you are resolved to cultivate and expand your talents and relish a challenge, then join us now!


We are committed to giving our people – experienced and energetic professionals alike – the opportunities and experiences they seek to thrive and gain personal fulfilment. We will work with you to craft your own career, develop your personal growth, and align your achievements with your ambitions.


We are looking for you! We are currently hiring a forward-thinking and results-oriented Risk Manager - Portfolio Risk (f/m/d) for our independent Risk Management function. In this role you will support the global Portfolio Risk team which manages market, credit, counterparty, liquidity and pricing risks for fixed-income, equity, multi asset and alternative investments. With a strong quantitative background, including experience in risk statistics calculation, you will focus on equity investment risk management processes and methodologies and act as first contact and discussion partner for our Investment colleagues. You will support the team in risk management processes and modelling with equity focus. You will further have the opportunity to contribute to all mentioned risk types and asset classes.


This is a great moment to join the team as we are further developing the service offering to our investment colleagues and we are extending our business impact globally. This role can be filled in one of these locations: Frankfurt, Paris, Luxembourg.


Key Responsibilities


  • Represent Risk Management in discussions and projects with other departments with a focus on asset class investment risk (ideally Equity). Strong communication skills are key to effectively collaborate and work with various departments in an international, diverse and highly interdisciplinary environment
  • Use and develop supporting tools, e.g. in Python, SQL, or PowerBI
  • Make use of statistical and mathematical methods to perform quantitative risk management and investment risk oversight, cover relevant processes, prepare proper documentation, ensure compliance with internal and regulatory requirements regarding risk measurement as well as client needs
  • Prepare recurrent and ad-hoc risk reports (e.g. for committees and senior management) and support regular processes and ad-hoc requests with regards to monitoring of various risk types
  • Support individual requests on risk management topics and work in related projects


Key Requirements/Skills/Experience


  • Quantitative education (Bachelor/Master degree or PhD level in Mathematics, Physics, Economics or comparable) with excellent results
  • Strong understanding of investment strategies and (preferably) equity-related investment risks. You will support the expansion of the risk management proposition for this asset class
  • Proven experience in equity factor model risk management
  • First practical experience in a risk management or portfolio management role for an asset manager and in modelling of financial instruments; familiarity with relevant European asset management regulations (e.g. UCITS, AIFMD)
  • In-depth understanding of quantitative risk measurement, focus on market risk
  • Outstanding analytical and problem-solving ability; pro-actively and independently perform implementation of processes
  • Proficiency in standard MS Office tools is required, well versed in statistical and mathematical methods and tools (e.g. Python, SQL)
  • Data science expertise enabling the structured analysis of large amounts of data is an asset
  • Excellent communication skills (verbally and written proficiency in English) are vital
  • Strong experience in risk engine such as Qontigo (ex Axioma), BBG Port Equity factor model or MSCI Equity Barra


About Allianz Global Investors


Allianz Global Investors is a leading active asset manager with over 700 investment professionals in 23 offices worldwide and managing EUR 673 billion in assets. (Data as of 31 December 2021)


We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.


Putting our clients' needs first, behaving in an open and transparent way and treating people fairly means acting with integrity. We respect difference and diversity and reward individual performance as well as teamwork. We offer a collegial culture based on strong values, taking individual responsibility, and dedication to mastering challenging tasks. To harness the power of innovation, we invest in the development of our employees. We encourage you to make an impact in a diverse, international, technology-enabled, and increasingly agile environment. If you feel inspired to elevate the active asset management experience, this is the place for you.


We are committed to the principles of Equal Employment Opportunity and to providing assistance to applicants with physical and/or mental disabilities. If you are in need support to navigate our website or to complete your application, please send an e-mail with your request to