AIM Derivatives Risk Manager | Hybrid

Job Level:  Professional

Minneapolis, MN, US, 55416

Area of Expertise:  Asset & Investment Management
Unit:  Allianz US Life
Employing Entity:  Allianz Life Insurance Company
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  31755

At Allianz Life, we are guided by our mission – we secure your future – and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting societal equity.


What you do:

You will oversee and administer the Derivatives Risk Management Program (DRMP) already instituted for the registered investment companies managed by AIM LLC, the adviser to the funds, with regular reporting to the Fund Board. As an officer of the adviser and appointed Derivatives Risk Manager by the Fund Board, you will follow all requirements of SEC Rule 18f-4. You will also oversee and administer the adviser's Limited Derivatives User Plan, participate in the adviser's Fair Valuation Committee, and assist with projects under the Advisory Solutions team, including the development of tools and programs to assist with control environment and development of efficiencies.

  • Oversee and administer the Derivatives Risk Management Program, including:

o Identification and assessment of the fund's derivatives risk

o Monitoring and enforcement of risk guidelines

o Stress testing of the fund's portfolio to evaluate potential losses under stressed conditions

o Daily calculation and reporting of fund's VaR

o Backtesting of VaR calculation models that the funds use under the rule

o Provide ongoing review of the program's effectiveness, with reporting to the Fund Board, and make changes as necessary

  • Together with Derivatives Risk Management Program, oversee and administer AIM LLC's Limited Derivatives User Plan and provide internal reporting
  • Develop tools and programs for other teams within Advisory Solutions to ensure strong control environment and increase efficiencies
  • Participate in AIM LLC's Fair Valuation Committee, as needed
  • Participate in other projects, as needed

What you bring:

Minimum Requirements:

  • Four-year degree in quantitative finance, mathematics, financial engineering or related technical field
  • 7+ years relevant derivatives experience, with strong preference to:

o Fundamental understanding of derivative notional

o Options and Future Valuation (including Greeks)

o Valuation of Swaps (TRS, IRS, CDS, Inflation Swaps)

o Management of OTC contracts (ISDAs, Alternative Master Agreements, Liquidity and Counterparty Implications)

o Fixed Income derivatives (Bond Futures, TBAs)

o Foreign Exchange Instruments (FX Forwards, FX Swaps)

  • Relevant experience managing financial and non-financial risks
  • Ability to read and summarize regulatory documents and proposals
  • Ability to write and maintain policies and procedures related to risk and fund management
  • Knowledge of portfolio management fundamentals
  • Ability to communicate complex topics, verbal and written, in such a way that they can be understood by people with different backgrounds, including non-technical backgrounds
  • Programming (C# and VBA) and database management experience (SQL Server)


What we offer:

At Allianz Life, we're proud to provide a benefits package that supports the True Balance of our employees and their families. We offer: a choice of comprehensive medical, dental and vision plan options, health savings account, tuition reimbursement, student loan retirement plan, generous annual paid leave, an outstanding 401(k) company match, and life insurance. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our great benefits, campus amenities and inclusive, engaged culture are among the many reasons we're routinely recognized as a top workplace employer.

31755 | Asset & Investment Management | Professional | Non-Executive | Allianz US Life | Full-Time | Permanent


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.


Nearest Major Market: Minneapolis