Intern- Investment Risk Management (f/m/d)

Job description

Intern - Investment Risk Management (f/m/d)

Investment Risk Management is part of the risk management function and is structured around specialized teams dedicated to i) Market Risk, ii) Liquidity & ESG Risk, and iii) Credit, Counterparty & Pricing Risk monitoring. This targeted approach ensures deep domain expertise and effective oversight. Furthermore, our risk governance framework goes beyond legal and regulatory requirements, reflecting our commitment to proactive and responsible risk management.

As an intern within the team we offer you the opportunity to work in a dynamic international environment, tackling challenging tasks with high learning potential.

This role is based in our Frankfurt office.

What you will do

• Actively participate in the maintenance and continuous improvement of existing monitoring processes, with a particular focus on liquidity risk (including daily net cash flow monitoring, monthly large client concentration monitoring, and monthly liquidity stress testing). You will also be involved in overseeing market and credit risk (such as Value at Risk [VaR], leverage, and credit VaR) as well as ESG risk monitoring (including the preparation of BoE stress test reports and ESG risk screening reports). Your contributions will help ensure robust risk tracking and timely reporting across these key risk domains.
• Support the ongoing enhancement of the MSCI LMX Liquidity Metrics (LMX) model, an external tool used to quantitatively evaluate the liquidity of Fixed Income portfolios by considering market depth, transaction costs, and liquidation horizons. Additionally, contribute to the review and update of liquidity stress test scenarios, ensuring models and assessments remain current and aligned with market developments.

What you bring

• Currently pursuing a university degree in Computer Science, Business Administration, Applied Mathematics or a related discipline
• Proficiency in English, both written and spoken, at a professional level (e.g., B2/C1 according to the Common European Framework of Reference for Languages)
• Ideally, previous experience in the Risk or Asset Management field, showcasing familiarity with industry practices and methodologies
• Excellent collaboration and stakeholder management skills, with the ability to build trusting relationships with diverse individuals
•  Ability to work from the office at least three times a week to foster collaboration and team engagement
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices.

 What we offer

• Balanced work environment: A dynamic office culture that supports flexibility and collaboration
• Mental health and wellbeing programs (EGYM Wellpass)
• Mobility solutions (Subvention Jobticket, Deutschlandticket etc.)
• Canteen subsidy
• Corporate benefits
• … and so much more

About Allianz Global Investors 

Allianz Global Investors is a leading active asset manager, managing assets for individuals, families, and institutions worldwide. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives.  

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 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.  

 If you feel inspired to promote the active asset management experience, this is the place for you. Join our international, technology-enabled, and agile environment. Simply upload your CV in English to apply for this position.  If you need support to navigate our websites or at any stage during your application, please send an email with your request to recruiting@allianzgi.com  

Join us. Let’s care for tomorrow.

90663 | Risk Management | Student | n.a. | Allianz Global Investors | Full-Time | Temporary