Portfolio Manager (f/m/d) - Systematic Equity

We are looking for you to support us in the strongly growing area of Systematic Equity. We are currently hiring a forward-thinking and results-oriented Portfolio Manager (f/m/d) to expand our high-performing and dynamic team.

In this position, you will be responsible for portfolio management, quantitative and stock research to help produce stable excess returns, as well as project work to help improve the overall investment process. The team’s investment philosophy is based on the conviction that investment styles like value, momentum and quality offer risk premiums that can be harvested in a systematic approach, largely independent of the market and macroeconomic environment.

The Systematic Equity Group is an active, highly diversified equity portfolio management team managing over EUR 80 billion assets under management.

The position is based in our Frankfurt office.

What you will do

• Manage and monitor systematic equity portfolios with responsibility for daily operations, risk controls, portfolio construction and implementation
• Optimize portfolio construction with attention to factor exposure, risk budgets, transaction costs, and operational efficiency
• Analyse and interpret performance attribution, strategy behaviour, and risk characteristics for both internal stakeholders and external clients
• Participate in client meetings and support marketing and distribution efforts
• Collaborate with other teams to prepare comprehensive reports and presentations
• Actively help develop and maintain our systematic tech stack through contributions to the code base
• Be involved in quantitative research, including but not limited to idea generation, data analysis, (predictive) modelling, and back-testing

What you bring

• MSc or similar qualification in a highly quantitative subject (Computer Science, Mathematics, Statistics, Physics, Quantitative Finance, Business Administration, Economics etc.), PhD is advantageous
• Professional experience in an investment position as Portfolio Manager is helpful
• Experience in programming required, knowledge of Python and SQL are strongly preferred; R knowledge is a plus
• Experience with big data technologies, particularly within the Microsoft Azure ecosystem and tools such as Databricks, is advantageous
• Affinity with systematic investing is important, understanding of financial markets and quantitative investing is required, with first knowledge of factor investing being a plus
• Strong analytical and problem-solving abilities, hands-on mentality and keen attention to detail
• High proficiency in English both written and spoken

What we offer

• 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
• 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. 

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.

97981 | Asset & Investment Management | Professional | n.a. | Allianz Global Investors | Full-Time | Permanent