ALM / Market Risk Manager

Job description

Who are we?

Allianz Benelux is a composite insurance company, offering both non-life and life/health insurance in the Netherlands and Belgium. Additionally, our operations extend to Luxembourg, where we offer specialized life insurance products. We offer a wide range of non-life and life/health insurance products to both retail and corporate customers.

What will your role be?

As an ALM analyst in the Investment strategy team, you will play a critical role in optimizing the balance between assets and liabilities, ensuring effective capital allocation, and supporting the financial stability of Allianz Benelux. As part of AIM you will be a implementing the strategy on the Annuity, income protection and Allianz Netherlands life and income protection from an investment point of view. This means preparing investment transactions like mortgage sourcing and bond portfolio management. Critical part of the function is to bridge the gap between investment strategy and risk management.

We offer a dynamic and flexible combined role for an ALM and investment strategy expert in the Investment management department covering the Benelux region.  It is a broad function as it covers the full scope of ALM and Investment management, the function requires expertise in investing in alternative assets like mortgages and real estate and strong modelling capabilities.   

Furthermore, Allianz Benelux is currently in the starting phase of IMAP (Internal Model Approval Process) project, a multi-year project aimed at securing regulatory approval for the use of the internal model. To drive this critical project forward, you will support risk management in the implementation of the Internal Model  The IMAP project offers a great opportunity to learn about the entire company and gain the responsibility and exposure necessary for professional growth. You will support on the market risk module of our internal model, providing support on the analysis of various risk types (interest rate, credit spread, equity risks etc) and asset classes among which alternative asset classes such as mortgages.

Our Investment and Risk Management departments have a strong track record of fostering career opportunities, ensuring professional growth and advancement for our team members. You will collaborate closely with cross-functional teams and stakeholders to ensure regulatory and Group alignment while achieving project objectives. Working alongside colleagues in AIM and risk management in a global setting, you'll benefit from numerous opportunities for learning and development throughout your journey with us.

Your main responsibilities:

- Asset Liability Management: Analyse and monitor the alignment of assets and liabilities, identifying opportunities to optimize investment strategies and mitigate risks.

- Performance Monitoring: Track and report on key performance indicators related to ALM and Market Risks, providing insights and recommendations for improvement.

- Strategic Asset Allocation: Perform Strategic Asset Allocation of Allianz Benelux portfolios to align ALM and capital management strategies with the company's overall business objectives. This includes explaining results to management.

- Stakeholder Engagement: Collaborate with internal and external stakeholders, to ensure clear communication, alignment, and transparency

- Risk Assessment: Conduct quantitative and qualitative assessments of market & investment related risks, including interest rate, liquidity, and other market risks, to support decision-making processes.

- Internal Model Market Risk: Supporting the Internal Model Market Risk Owner by conducting analysis and monitoring  of risk capital results of the internal model.

- Process Optimization: Drive efficiency  by continuously improving processes and tools, e.g. automation with programming languages and data solutions, enhancing overall effectiveness and productivity.

What we expect from you:

- You have at least a Master’s degree in Econometrics, Mathematics/Statistics, (Financial) Engineering, Actuarial Sciences or a similar field of expertise

- 1 to 4 years of working experience in the field of Finance/Insurance, with exposure to Investment management, ALM and/or Market Risk, and practical experience of applied financial mathematics.

- Able to communicate fluently (oral and written) in English, and ideally Dutch or French. Other languages are welcome in our team where multiple languages are spoken.

- Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams.

- Motivated team player with strong quantitative skills, who can effectively explain complex analyses in an understandable way.

- Creative and critical thinker with a can do mind set while also detail-oriented and able to manage multiple priorities in a fast-paced environment.

- Experienced programmer in any of the following languages: Python, R, Excel, VBA, SQL

- Experience in Investments, Mortgages, Risk Management and Solvency II are a plu

What We Offer

- Dynamic Environment: Thrive in a multicultural team of experts within a dynamic international landscape based in Brussels or Rotterdam.

- Competitive Compensation: Benefit from a comprehensive package tailored to your expertise.

- Versatile Work: Engage in diverse projects across financial topics and insurance business.

- Motivating Atmosphere: Work in an environment that encourages initiative and views failures as learning opportunities.

- Development Opportunities: Access Allianz’s global risk and actuarial community, with opportunities for internal and external training.

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.