Working Student (f/m/d) Risk Analysis for Alternative Assets at Allianz SE

Internal Applicant Information

Job Start: February 2026

Job Type: Part-time (20 hours/per week) for at least 12-months 
Allianz student position

Please submit your application through the Internal Job Board on AZ Connect.

We kindly ask you to upload pdf documents only and make sure your CV for this position are in English.

Who will you be joining? 

Allianz SE is the global headquarter of the Allianz Group. Our Group Risk department ensures the excellence in risk modeling and risk management for the Allianz Group and it's subsidiaries. Group Risk provides ownership and subject matter expertise for risk models, which includes developing guidelines and frameworks, governance and support for the internal risk capital model as well as the standard model.

The Working Student (f/m/d) Risk Analysis for Alternative Assets will be embedded in Group Risk`s Center of Competence for alternative assets, and is supporting risk analysis & modeling of investments in e.g. real estate, private equity, infrastructure, and renewable energy projects.

How can you make an impact? 

• Perform quantitative analysis for calibration of risk models, particularly for Alternative Assets (e.g. time-series based models in R)
• Support on operational tasks in context of the Solvency II Internal model (e.g. quarterly risk capital closings, monthly counterparty limit runs)
• Contribute to the ongoing development of internal tools in R/Python/PowerBI (e.g. for reporting purposes).

What are you made of? 

Minimum Qualifications 

• Enrolled at a university for the entire duration of employment

• Ideally already completed undergraduate studies in statistics/data science, mathematics or related field of study
• Fluent in Business English; German would be a plus
• High motivation to learn about alternative assets with a strong sense of ownership and accountability
• Strong analytical skills, fast learner and attentive to details
• Good communication and interpersonal skills

• We can only consider your application if you provide the following documents:

  • Certificate of enrolment (exception gap year)

  • Valid Work and residence permit (for non-EU citizens). Please check before applying if you can work with your current VISA

Preferred Qualifications

• Proficient knowledge of statistical programming languages R or Python (PowerBI would be a plus)
• Practical experience in risk management / time-series analysis techniques would be a plus
• Strong analytical thinking and structured problem-solving approach

• Proactive attitude and willingness to learn in a dynamic environment

• Ability to work independently while collaborating effectively with diverse teams

Do we have what you need? 

• Flexible and hybrid work model
• Multinational and inclusive community  
• Great career development and learning opportunities
• 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! Find out more here: Allianz SE Benefits  

More information regarding our recruitment process: Allianz Career