Credit Risk Analyst (m/f/d)

Allianz; München; Hybrid; EUR 80,000 - 110,000; Full time

Benefits offered by this job

Health insurance

Company pension

Employee shares

Flexible work model

Job summary

Allianz SE in Munich seeks a Credit Risk Analyst (m/f/d) to play a central role in the Group credit risk closing process and support global data stakeholders.

You will develop and validate internal credit risk models under Solvency II, collaborate with regional teams, and contribute to the risk limit framework.

Strong quantitative background and English communication are essential; German is a plus, and the role offers hybrid work.

Qualifications

• University degree in a quantitative field (maths/finance).
• Strong quantitative and analytical skills for risk models.
• Experience with large data sets; ability to translate methods into processes.
• Fluent in English; German is a plus.

Responsibilities

• Play a central role in the Group credit risk closing process across Allianz Group.
• Develop, monitor and validate internal credit risk models under Solvency II.
• Support local risk teams on methodology and act as point of contact on credit risk matters.
• Contribute to Group credit risk limit system and approval framework.

Skills

Quantitative skills

Analytical skills

Data handling

English communication

German language

Education

Quantitative degree (e.g., Financial Mathematics / Actuarial Science / Statistics)

Job description

Welcome to Allianz

Allianz SE is the global headquarters of the Allianz Group. Our employees reflect the Group's geographic and functional diversity. Within Allianz SE, Group Risk is responsible for monitoring and reporting on the Group's overall risk profile, supporting management to foster Allianz's financial strength and value-focused company leadership. Within Group Risk, the Credit Risk Team is the global credit risk function, responsible for credit risk modeling & reporting, credit analysis and counterparty limit management.

What Awaits You As Credit Risk Analyst (m/f/d)

• Take a central role in the Group credit risk closing process as one of the experts running it centrally for the entire Allianz Group, feeding quarterly and annual results as well as regulatory reporting, in close cooperation with Allianz entities and data stakeholders globally
• Further develop, monitor and validate the internal credit risk model under Solvency II and internal governance requirements, including the Allianz-specific calibration of credit risk parameters for a global insurer with multiple sources of credit risk
• Support local risk management teams in the regional entities on credit risk methodology and process questions, and act as a point of contact for other departments at Allianz SE on all credit risk matters
• Contribute to the Group's credit risk limit system and approval framework, in particular the reinsurance exposure collection and approval process

What You Bring As Credit Risk Analyst (m/f/d)

• University degree with strong academic results in a quantitative discipline such as Financial Mathematics, Actuarial Science, Statistics, Econometrics or Quantitative Finance
• Solid quantitative and analytical skills, with the ability to work on risk models and translate methodology into robust, controlled processes
• Confident handling of large data sets and modern analytical tools; an interest in developing your technical skills further (advanced programming not a prerequisite)
• Structured and reliable way of working, with the accuracy and ownership required in a regulated closing environment
• Strong communication skills in English, with the ability to explain quantitative topics to non-specialists (German is a plus)

Preferred Qualifications

• Practical experience in credit risk modelling, quantitative risk management or a regulatory closing process (Solvency II, IFRS 9), ideally in insurance or banking
• Professional qualification a plus - FRM, or CFA / actuarial exams (also if still in progress)
• Previous experience in insurance or asset management business functions, consulting, digital / tech is a plus
• Experience applying ChatGPT, Generative AI, and Ethical AI solution

Our highlights for you

• Health & Wellbeing: Company health insurance, sports and wellness programmes, and preventive health measures lay the foundation for your physical and mental well-being.
• Compensation: Collective agreement bonuses, a company pension plan, capital-forming benefits, and employee shares make our compensation package particularly attractive. On top of that, you directly participate in the company's success.
• Time & Flexibility: Our "New Work" model helps you achieve a better work-life balance. We work flexibly – hybrid, mobile, and on-site.
• Career Development: Together, we create a personal development plan and give you the opportunity to gain cross‑functional and cross‑border experience.

A full overview of what makes us an attractive employer: careers.allianz.com/benefits

Start date

As soon as possible

Interested and does this sound like an environment you'd like to work in?

For technical and HR questions, reach out to your recruiter: Cintia Malnis at [e-mail]

To learn about our recruitment process: Allianz SE Recruitment Process

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.

107939 | Risk Management | Professional | Allianz SE | Full-Time | Permanent

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.

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.

We are united by a shared commitment: to put our customers first and at the centre of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for 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. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture. Therefore, applicants with severe disabilities are welcome and will be given special consideration if equally qualified.

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.