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Risk Manager - Portfolio Risk (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). This position can be filled in one of these locations: Frankfurt, London, Luxembourg or Paris.


As member of the independent Risk Management function the position will support the global Portfolio Risk team which runs market, credit, counterparty, liquidity and pricing risks for Fixed Income, Equity, Multi Asset and Alternative investments. With a quantitative background, including experiences in risk statistics calculation (e.g. VaR, stress tests) and respective model maintenance, the position will focus on quantitative risk management.



Key Responsibilities

Bring to bear knowledge of statistical and mathematical methods to perform quantitative risk management, support and drive the ongoing market risk model development and maintenance including related processes, accurate documentation, and ensure compliance with internal and regulatory requirements regarding risk measurement as well as client needs. Foster client-specific risk reporting.

  • Make use of and build supporting tools, e.g. in Python, R or SQL

  • Represent Risk Management in discussions and projects with other departments and partners

  • Prepare recurrent and ad-hoc risk reports, e.g. for risk committees and senior management

  • Cover processes and ad-hoc requests with regards to monitoring of various risk types

  • Support 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

  • Ideally several years of experience in a risk management role for an asset manager and in modelling of financial instruments, familiarity with relevant European asset management regulations (e.g. UCITS, AIFMD). Preferably experiences with MSCI RiskMetrics and RiskManager or similar tools

  • Strong understanding of investment strategies and investment risks for specific asset classes, e.g Equity, or Multi-Asset

  • In-depth understanding of quantitative risk measurement, with a focus on market risk

  • Proficiency in MS Office tools is required, supplementing knowledge of statistical and mathematical methods and tools (e.g. Python, R, SQL), data science expertise enabling the structured analysis of large amounts of data is an asset

  • Outstanding analytical and problem-solving ability; ability to pro-actively and independently perform implementation of processes

  • Excellent interpersonal skills and communication skills in English are vital

  • Practical experiences in managing ESG and sustainability risks is a welcome plus



About Allianz Global Investors


Allianz Global Investors is a leading active asset manager with over 705 investment professionals in 23 offices worldwide and managing EUR 647 billion in assets for individuals, families, and institutions. (Data as of 30 September 2021)


Active is the most important word in our vocabulary. We believe in solving, not selling, adding value beyond pure economic gain. 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 deliver excellence to our clients, advisors, employees, our parent company and within our industry. 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 are also 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 recruiting@allianzgi.com.