Business Process Engineer Third-Party Risk Management (f/m/d)

The Business Process Engineer for Third-Party Risk Management is responsible for designing, optimizing, and continuously improving the end-to-end processes that support the identification, assessment, monitoring, and management of third-party (vendor, supplier, outsourcing) risk across the organization.

The role bridges risk management requirements with operational execution, translating regulatory and policy requirements (e.g., DORA, outsourcing guidelines) into efficient, scalable, and auditable workflows.

This role will be based in Frankfurt.

What you will do

• Process Design & Optimization: Map, analyse, and redesign TPRM lifecycle processes (onboarding, due diligence, risk assessment, contracting, ongoing monitoring, offboarding) to improve efficiency, consistency, and control effectiveness
• Workflow & Tooling: design and implement defined TPRM workflow in the Sourcing & Procurement ServiceNow Platform. Configure, enhance, and maintain workflow tools (e.g. ServiceNow, Databricks) that support process execution and data capture
• Align and harmonize the Procurement and TPRM workflows as an integrated workflow
• Requirements Translation: Work with Risk, Compliance, Legal, and Procurement to translate regulatory obligations (such as DORA ICT third-party risk requirements) and internal policy into operational process steps and control points as part of the workflow

• Documentation & Governance: Create and maintain process maps, standard operating procedures (SOPs), RACI matrices, and control documentation; ensure processes are inventoried and governed per internal EUC/process governance standards
• Reporting: Define and track process KPIs/KRIs (e.g., cycle times, SLA adherence, backlog, exception rates) to support management reporting and continuous improvement
• Stakeholder Engagement: Act as a liaison between TPRM, business units, IT, Procurement, and second-line risk functions to ensure process changes are understood, adopted, and sustainable
• Change Management: Lead process changes initiatives, including impact assessment, testing, training, and rollout of new or revised procedures
• AI and Continuous Improvement: Identify automation opportunities (e.g., Multi AI Agent orchestration, workflow automation, questionnaire logic, risk scoring rules) and work with relevant teams to implement them, subject to governance and review requirements
• Quality & Control: Support internal audit, regulatory exam, and quality assurance activities by ensuring processes are well-documented, consistently applied, and evidenced
• RUN & Governance Responsibility: Ensure the Oversight and RUN activities for the Third-Party Risk Management team

What you bring

• Bachelor's degree in Business Administration, Risk Management, Engineering, Information Systems, or related field
• 6+ years of experience in business process engineering, process improvement, or operations roles, ideally within financial services or asset management
• Prior exposure to Third-Party Risk Management, vendor management, outsourcing oversight, or operational risk is highly desirable
• Familiarity with process improvement methodologies (e.g., Lean, Six Sigma, BPMN) and process mapping tools
• Understanding of relevant regulatory frameworks (e.g., DORA, EBA/ESMA outsourcing guidelines) is a plus
• Experience with GRC or TPRM platforms (e.g., ServiceNow, Archer, OneTrust, or similar) or Databricks preferred
• Being a team player
• Strong analytical and problem-solving skills
• Proactive and client-centric approach, combining diplomacy and assertiveness

• Proficiency in English required, further languages would be highly helpful, German is a plus

• AI Skills such as Microsoft Copilot, Feature Engineering, Data Engineering

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
• Family support (relocation/ childcare facilities)
• Company share purchasing plan
• Mental health and wellbeing programs
• Mobility solutions (Jobrad bike leasing, subvention Jobticket)
• Career opportunities within the entire Allianz Group
• Self-guided learning & development
• … 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. 

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. 

To Recruitment Agencies:

Allianz Global Investors has an in-house recruitment team that sources great candidates directly. Therefore, Allianz Global Investors does not accept unsolicited resumes from agency or search firm recruiters.

When we do work with recruitment agencies, that engagement is formalized by a contract. Fees will only be paid when there is a contract in place.

Without a contract in place, we will not accept invoices on unsolicited resumes, even if the candidate was ultimately employed by Allianz Global Investors.

Finally, please do not contact hiring managers directly.

Join us. Let’s care for tomorrow.

How to Apply: Applying is quick and easy. Simply upload your CV, complete your personal details, confirm your consent for AI support in the “Additional Information” section, and submit your application.

To support our recruiters, we use Fit Score—an AI‑powered tool that highlights how closely your profile aligns with the role. This helps us review applications more efficiently and focus on what matters most: your skills and experience.

Good to know: The Fit Score is a support tool only. At Allianz, technology never replaces human judgment. Every application is carefully reviewed by our recruiting teams, ensuring a fair, thoughtful, and personal hiring process.

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104925 | Operations | Professional | n.a. | Allianz Global Investors | Full-Time | Permanent