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. As such 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 within Enterprise Risk, Governance Control department at Allianz SE. You will also support the communication to supervisory authorities.

How can you make an impact?

You will play a key role in enhancing Allianz's Internal Model and ensuring compliance with Solvency II (SII) regulations by:

• Validating Property Casualty (P/C) Underwriting Risk models
• Presenting validation results to senior management and providing actionable improvement recommendations
• Managing the model change process in close collaboration with senior management and supervisory authorities
• Maintaining strong communication with Model Owners and Internal Model entities across the globe
• Engaging directly with the supervisory authority, BaFin

What are you made of?

Minimum Qualifications

• Master’s degree in Finance, Mathematics, Physics, or a related field
• Actuarial qualification (or equivalent)
• Several years of professional experience in risk modeling within the context of Solvency II (insurance) or Basel II/III (banking), specifically in the Property Casualty Risk area
• Fluent in English; German proficiency is a strong advantage
• Proficient in MS Office (PowerPoint, Excel, Word) and statistical analysis tools/programming languages (e.g., R, Python)
• Excellent communication and interpersonal skills
• Strong technical expertise and analytical capabilities

Preferred Qualifications

• Proficiency in additional languages is a plus
• Interest or experience in other risk modeling areas (e.g., Operational Risk or Tax) is an advantage
• Previous experience in insurance or asset management business functions, consulting, digital / tech is a plus
• Experience applying ChatGPT, Generative AI, and Ethical AI solution

Do we have what you need?

• Flexible and hybrid work model
• Multinational and inclusive community
• Great career development and learning opportunities
• Company pension and health insurance
• Employee stock purchase program with a discount
• Health and well-being offerings
• Supportive family care benefits
• Opportunity to contribute to our sustainability programs
• Great place to work certified

And there is much more: Allianz SE Benefits
To learn about our recruitment process: Allianz SE Recruitment Process

Applications are reviewed on an ongoing basis and we reserve the right to withdraw the posting prior to the advertised closing date. So, if you're interested in this role we encourage you to apply as soon as possible.
In case of questions reach out to Ms. Zhiva Hristova: +49 151 11013380

Welcome to Allianz SE!   We at Allianz SE are recognized as a trusted partner for protecting and growing your most valuable assets, offering a comprehensive portfolio of products, including property and casualty insurance, life and health insurance, and asset management services, tailored to meet the various needs of individual and corporate clients worldwide. From our international headquarters, we orchestrate global operations, set strategic directions, and ensure cohesive implementation across our international subsidiaries. We are committed to innovation and digital transformation, driving initiatives that enhance customer experience and operational efficiency, reinforcing our position as a leader in the financial services industry. For more about Allianz SE, Click Here. #StandwithUkraine #LI-Hybrid #LI-OA1 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

94109 | 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 agencies 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. 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. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. Join us. Let's care for tomorrow.