Diese Stelle teilen

Working student (m/f/d) Financial Risk & Aggregation #StandwithUkraine

Karrierestufe:  Student/in

München, DE, 80802

Verfügbar bis:  [Not translated in selected language]
Fachgebiet:  Risiko Management
Einheit:  Allianz SE
Vollzeit/Teilzeit:  Teilzeit
Homeoffice:  Nicht anwendbar
Beschäftigungsverhältnis:  Temporär
ID:  8466

Department description / job purpose / role:


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. As such Group Risk is responsible for monitoring and reporting on the Group's overall risk profile, and thus ensuring that individual Allianz companies adhere to the Group's risk governance principles. Our risk framework covers approximately 100 entities worldwide providing risk measures, analysis and reports to 400 - 600 direct users.

Within Group Risk, the Financial Risk & Aggregation team is covering the areas of financial risk and capital management as well as the maintenance and development of group-wide Internal Model with focus on real-world scenario generation, risk aggregation and tax modeling. Internal Model areas that are in scope of the team include among others those of equity and interest rate volatility, copulas and correlation settings management and tax-related topics. The position will be focused on the maintenance and further development of  key areas of the Internal Model with particular interest in risk aggregation such as the calculation of various Value-at-Risk measures used for risk impact assessments both for the Group and the Operating Entities modelled internally.


Key responsibilities:


• Support the development of quantitative risk management tools both in terms of modelling and programming, maintained by Group Risk and the team.                                                                                                

• Implement and test existing and new methods for risk measurement and investment solutions for the management of Allianz's portfolio exposures in line with the regulatory requirements.                          

• Research on ML/AI techniques with the aim to explore areas for potential adoption in insurance risk management. 


(education, trainings, certificates, special IT skills - e.g coding languages + specific software skills, language skills, etc.):


• Currently enrolled in an undergraduate or Masters programme in a highly quantitative subject such as Mathematics/Mathematical Finance, Physics, Computer Science and Engineering or related.              

• Good command of at least one statistical programming language (e.g., Python and/or R) ideally showcased via shared projects on Git/Kaggle or similar, with the ability to use it in a productive environment and create prototypes. Ability to understand and work with large datasets and knowledge of basic algorithms. 

• Familiarity with fundamental mathematical and statistical concepts such as regression models, time series analysis, linear algebra, random variables and stochastic simulation methods, proved through relevant coursework or prior internship experience.

• Fluent in English.


Experience & Key skills
(relevant professional experience, years of experience, soft skills, etc.):


• A creative thinker with strong analytical and problem sovling skills capable of interpreting quantitative data, engineering and implementing algorithms for quantitative analysis.
• Interest in capital markets and risk management and/or basic understanding of quantitative risk methods, financial and derivative secutiries is a plus.
• Interest to be part of a dynamic and demanding environment.
• Prior internship experience with a financial institution or in a quantitative role will be considered a plus. 

Your application:


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.