Head of Rewards (f/m/d)

Allianz; München; Hybrid; EUR 180,000 - 320,000; Full time

Benefits offered by this job

Company pension/ saving plans

Employee share purchase plan

Mental health and wellbeing programs

Learning and development including pro

Job summary

Allianz Global Investors seeks a Head of Rewards to lead the global rewards agenda, defining strategy, governance, and compensation frameworks. You will partner with Executive Management, the Compensation Committee, HR, Finance, Legal, and Allianz stakeholders to drive talent attraction, retention, and long-term success.

This senior role can be based in London, Frankfurt, Munich, Singapore, or Hong Kong, and requires deep regulatory remuneration expertise, governance capabilities, and strong

Qualifications

• Significant experience in compensation, incentives, deferred compensation, benefits, and regulatory remuneration within asset management, financial services, or regulated environments.
• Expertise in compensation governance, Compensation Committee practices, and financial services regulation.
• Deep knowledge of compensation design, job architecture, market benchmarking, and reward analytics.

Responsibilities

• Define and evolve AllianzGI's global reward strategy, governance framework, and compensation processes.
• Advise on executive packages, hiring offers, buyouts, retention awards, and separation arrangements.
• Lead reward activities for M&A, restructurings, and organizational transformations.
• Oversee regulatory remuneration requirements including disclosures and reporting obligations.
• Collaborate with HR, Finance, Legal, Compliance, and business leadership to drive rewards decisions.

Skills

Compensation governance

Executive compensation

Regulatory remuneration

Job architecture

Market benchmarking

Reward analytics

Leadership of global teams

AI in rewards

Tools

Compliance frameworks

Job description

As the Head of Rewards (f/m/d), you will lead AllianzGI's global rewards agenda, defining and executing reward strategy, governance, and compensation frameworks that support business performance, talent attraction and retention, regulatory compliance, and long-term organizational success. This role serves as the senior advisor on all reward-related matters, partnering closely with Executive Management, the Compensation Committee, HR, Finance, Legal, Compliance, and Allianz stakeholders.

This position can be based in London, Frankfurt, Munich, Singapore or Hong Kong.

What you will do

Reward Strategy

• Define and evolve AllianzGI's global reward philosophy, strategy, policies, and governance framework.
• Lead and manage annual compensation processes, including salary reviews, variable compensation, deferred compensation, retention programs, and incentive plans.
• Advise on executive compensation, hiring packages, buyouts, retention awards, and separation arrangements.
• Lead reward-related activities for M&A transactions, integrations, restructurings, team lift-outs, and organizational transformations.
• Oversee implementation of regulatory remuneration requirements, including pay transparency, risk taker frameworks, deferred compensation, disclosures, and reporting obligations.

Job Architecture, Benchmarking & Analytics

• Own global job architecture and reward framework alignment.
• Lead market benchmarking, pay positioning, equal pay reviews, and reward competitiveness assessments.
• Deliver reward analytics and insights to support workforce planning, compensation decisions, and business strategy.
• Assess financial implications of compensation decisions and reward programs.

Governance & partnerships

• Lead Compensation Committee governance, acting as Secretary and overseeing preparation of materials, recommendations, approvals, and documentation.
• Ensure compliance with Allianz, AAM, and AllianzGI remuneration governance standards.
• Partner with HR Business Partners and business leaders on reward decisions across the employee lifecycle.
• Collaborate on regulatory developments with the various related governance functions with regards to remuneration matters.
• Partner with Finance on compensation budgets, accruals, forecasting, deferred compensation liabilities, and financial reporting.

Leadership

• Lead, develop, and coach a high-performing global Rewards team.
• Drive continuous improvement, operational excellence, and a culture of collaboration and accountability.
• Advise on reward solutions supporting growth, new business capabilities, and strategic initiatives.
• Build strong partnerships across HR, Finance, Legal, Compliance, Risk, and business leadership.

What you bring

• Significant experience in compensation, incentives, deferred compensation, benefits, and regulatory remuneration within Asset Management, Financial Services, Banking, Insurance, or other highly regulated environments strongly preferred.
• Expertise in compensation governance, Compensation Committee practices, and financial services regulation.
• Deep knowledge of compensation design, job architecture, market benchmarking, and reward analytics.
• Strong commercial judgment with the ability to translate complex reward topics into clear executive recommendations and influence various stakeholders with integrity and discretion.
• Experience of leading geographically dispersed teams, fostering collaboration, capability building, and high-performance cultures.
• Ability to lead through complexity, organizational change, and evolving regulatory environments.
• Strong digital and innovation mindset, leveraging Generative AI, data, and technology to drive modern reward solutions, process excellence, and informed decision-making.

What we offer

• We empower our employees by ensuring flexible work arrangements that maintain a balance between performance, productivity, career development and personal priorities (e.g., hybrid model/ flexible working hours)
• Securing your future: Access to company pension/savings plans
• Shared success: Company share purchasing plan
• Support for what matters: Mental health and wellbeing programs
• Investments in your career: Career opportunities within the entire Allianz Group
• Investments in your skills: Comprehensive learning and development offerings, including certifications and professional qualifications
• Volunteering time
• … 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 shared goal to shape a future of opportunity for our clients is foundational to our culture and our values. We look to attract, and actively nurture, individuals with the drive to achieve excellence at every stage of the investment experience.

We believe an inclusive culture is key to a flourishing workforce. Not only do we celebrate the broad range of experiences, backgrounds, and attributes that our workforce brings, but we support our people to live and work in a way that promotes their own wellbeing.

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 clients 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 clients 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.

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.

108426 | Human Resources | Professional | n.a. | Allianz Global Investors | Full-Time | Permanent