Senior validator in the context of Solvency II internal models (m/f/d) - Independent Validation Unit
München, DE, 80802
Who are we?
Are you keen on driving innovation? Do you excel in a culture of diversity, collaboration and trust? Then let's care for tomorrow. At Allianz SE, you can count on having a voice, driving innovation and change and making an impact – for us, yourself and the world. For more about Allianz SE, click here.
Who will you join?
Within Allianz SE, Group Risk (GR) is in charge of managing risks to bolster Allianz's financial strength and to support value-focused company leadership. Group Risk is responsible for monitoring, managing and reporting on the Group's overall risk profile. In this context, the Independent Validation Unit is the central global validation function, being responsible for independently validating internal models across many risk types in the context of Solvency II.
In your role as a validator, you support the Independent Validation Unit team with validating models and coordinating the group-wide major model change process with our Operating entities. You will also support the communication to regulators.
How can you make an impact?
You will:
- Support Allianz with continuously improving the Internal Model and ensuring compliance with SII regulation
- Validate models by applying statistical analysis with focus on Credit Risk. Knowledge on other risk types like e.g. OpRisk or Market Risk is a plus
- Present validation results to senior management and make proposals for improvement
- Manage the major model change process in close alignment with senior management and supervisory authorities
- Be close contact to Model Owners and Internal Model entities world-wide
What are you made of?
Minimum Qualifications:
- 5+ years of professional experience in risk modelling in context of Solvency II insurance or Basel II/III banking regulation
- Completed masters in finance, mathematics, physics or in related fields.
- Fluent in English and ideally also in German
- Proficient in MS Office (PowerPoint, Excel, Word etc.) and statistical analysis tools/programming (e.g. R, Python)
- Effective communication and interpersonal skills
- Solid technical proficiency
Preferred Qualifications:
- An actuarial qualification would be a plus
- Additional other languages would be a plus
- Previous experience in business related functions (i.e. Investment Management, Asset Management, Consulting, Finance, Market Management, Digital / Tech etc.) is a plus
Do we have what you need?
- Flexible working arrangements
- Excellent career development opportunities
- Family friendly working environment
- Health and well-being offerings
- Company pension and health insurance
- Multinational, diverse and inclusive community
- Opportunity to affect our sustainability initiatives
And there is much more! Find out more here: Allianz SE Benefits
More information regarding our recruitment process: Allianz Careers
In case of any question please contact our Senior Recruiter: Ms. Sabrina Diclemente: +49 89 3800 69518
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 to RECRUITING-SERVICES@allianz.com
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59138 | Risk Management | Professional | Allianz SE | Full-Time | Permanent
To Recruitment Agencies:
Allianz SE has an in-house recruitment team that sources great candidates directly. Therefore, Allianz SE does not accept unsolicited resumes from agency or search firm recruiters.
When we do work with recruitment agencies, that engagement is formalized by a contract. Fees will only be paid when there is a contract in place. Without a contract in place, we will not accept invoices on unsolicited resumes, even if the candidate was ultimately employed by Allianz.
Finally, please do not contact hiring managers directly.
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.
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 expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.
