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(Senior) Associate (m/f/d) in the Global ALM P/C Team

Job Level:  Professional

München, DE, 80802

Due Date:  asap
Area of Expertise:  Asset & Investment Management
Unit:  Allianz Investment Management
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  3455

Allianz Investment Management (AIM) is the investment management arm of the Allianz Group, responsible for managing the risk/return profile of its € 750 bn investment portfolio. more than 500 employees in over 60 countries is organized in regional hubs located in Munich, Milan, Minneapolis, Paris, and Singapore. It offers multifaceted career opportunities for outstanding investment talents.


AIM provides the perfect opportunity to embark on or continue your international career. AIM continues to grow and supports its employees to do the same. We believe that work should be rewarding, and that good work should be rewarded. We offer opportunities and strive for excellence. And our actions are guided first and foremost by high ethical standards and our sense of commitment to society.

Job purpose/role

We are recruiting an Associate in the Global ALM and Strategic Asset Allocation team in Munich.
The Global ALM and SAA of Allianz Investment Management SE is in charge of defining sustainable asset allocations in collaboration with the Allianz operating entities across the globe.
The job is primarily focused on portfolio optimization considering regulatory and accounting constraints and ESG requirements applied to the Property & Casualty (P/C) investment portfolios of the Allianz Group (EUR 122bn).


Key responsibilities

  • Develop Strategic Asset Allocation (SAA) for the global P/C segment based on asset-liability analysis and quantitative optimization techniques in the context of Solvency II, IFRS accounting and considering ESG targets
  • Integrate long-term market view into SAA and evaluate yield enhancement opportunities in collaboration with AIM investment experts and Allianz operating entities
  • Preparation and presentation of proposals to investment committees
  • Further develop existing analytical models and tools to better evaluate investment strategies and asset allocation decisions in P/C portfolios
  • Cooperate and share SAA and investment best practices with Allianz operating entities located in different countries


Key requirements/skills/experience

  • Master Degree in Finance, Economics or Quantitative subjects; 
  • Additional qualifications (e.g. CFA or CAIA) beneficial
  • Good IT and programming skills; knowledge of Matlab, Visual Basic, C/C++ or other programming languages is a plus
  • Fluent English written and spoken; knowledge of German and/or another language is a plus
  • 3-5 years of experience in investment function of insurance, banking or asset management company
  • Good knowledge of capital markets, financial modeling and instruments including derivatives
  • Good knowledge of ALM strategies and models
  • Good experience with portfolio management and optimization, accounting and insurance regulation
  • Strong team player, responsible and dependable with entrepreneurial attitude
  • Ability to formulate and solve problems, independent thinking
  • Strong presentation skills

Additional information
Fulltime.  Desired start is 01.02.2022



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.
Join us. Let's care for tomorrow.
Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.