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AIM Operational Risk Principal | Hybrid

Job Level:  Professional

Minneapolis, MN, US, 55416-1297

Due Date:  N/A
Area of Expertise:  Asset & Investment Management
Unit:  Allianz US Life
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  1209

At Allianz Life, we are driven 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:

Provide a holistic view of operational risks, connections and impacts across all of AIM. Develop, implement and execute an Operational Risk Management framework, standards and procedures organization wide for AIM. Under limited supervision, works with management, business partners and key stakeholders to identify, translate and provide consultation on business opportunities that result in an improved control environment across the enterprise. Leads large-scale initiatives focused on mitigating risk by recommending improvements to processes/procedures and increasing general knowledge of controls within the organization. Assesses risks, identifies and evaluates controls to ensure legal, regulatory and group requirements are upheld and risks are controlled.


  • Standardized risk response methodology including root cause analysis, standard response time and messaging to key stakeholders and tracking of risk findings, action planning and remediation efforts
  • Guide and mentor AIM colleagues in identifying and evaluating risks and controls within business processes
  • Develop KPIs/KRIs, benchmarking, monitoring mechanisms and risk education topics to evaluate and enhance the organizational health of AIM as it evolves
  • Collaborate with management on the development of action plans to ensure risks are mitigated appropriately, including performing issue follow-up and escalation as appropriate. This includes project management of AIM audits
  • Lead the Business Continuity Management (BCM) efforts for AIM
  • Prepares reporting for senior management, boards, group and other key stakeholders
  • Draft test programs to effectively test the design and operational effectiveness of the system of internal controls


What you bring:

  • 4-5 years’ experience required - Financial services industry experience. 
  • Project management experience (large sized and/or complex).
  • Functional experience in the area of operations and/or IT.
  • Knowledge in the Investment Management industry and their processes.
  • 6-7 years’ experience preferred - 5+ years’ experience in investment management firm


  • Four-year degree preferred
  • OPEX experience and leading an OPEX team
  • Internal controls certification (ex. COSO)
  • Detailed process optimization knowledge / experience
  • Audit Knowledge / experience


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 and dental plan options, a generous time off plan and an outstanding 401(k) company match. 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 generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer.


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.