AI Risk Management Intern/Working Student (f/m/d)

We are currently looking for an AI Risk Management Intern/Working Student to join the Risk Management function at Allianz Global Investors. The position will be based in our Munich office starting from September 2026.

About the Job

This role is embedded within the Operational and Business Risk Management function at AllianzGI. The team is responsible for supporting a strong and effective control environment for Operational and Business Risk.

This role contributes directly to a key transformation initiative: the implementation of an AI-driven risk management tool and the migration of control-related data into the new platform. You will work closely with Risk Management and risk vector owners across the business to improve test procedures, operational procedures, and overall control quality.

By doing so, the role helps strengthen the efficiency, consistency, and usability of the broader control framework. The team collaborates across stakeholders to enhance governance, support regulatory and audit readiness, and improve how controls are documented, managed, and monitored across AllianzGI.

What you do

• Support the implementation, setup, and configuration of an AI-driven risk management tool within the control environment
• Work closely with Risk Management and risk vector owners to review, rewrite, and improve control test procedures to ensure clarity, consistency, and audit readiness
• Assist risk vector owners in reviewing and enhancing operational procedures linked to controls to improve quality and usability
• Support the migration of control and process data from Archer into the new platform, including data preparation, mapping, validation, and clean-up
• Help document requirements, identify gaps, and contribute to the ongoing optimization of control management processes
• Apply structured prompting and critical thinking to support effective use of AI-enabled tools in control documentation and testing.

What you bring

• Bachelor (3rd semester or beyond) or Master student in business administration, information systems, information technology, audit, risk management, or a related field
• Strong interest in governance, risk, controls, audit, and operational processes
• Good understanding of internal controls, control documentation, or audit-related concepts is highly desirable
• Ability to collaborate with different stakeholders and support control owners in improving procedures and documentation
• Proficiency in Microsoft Office tools; experience with governance, risk, or control platforms is a plus
• Interest in Artificial Intelligence and understanding of how effective prompting can support documentation and control-related work
• Proficiency in English is required; German is a plus
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices.

What we offer

• Balanced work environment: A dynamic office culture that supports flexibility and collaboration
• Mental health and wellbeing programs (EGYM Wellpass)
• Mobility solutions (Subvention Jobticket, Deutschlandticket etc.)
• Canteen subsidy
• Corporate benefits
• … 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.  

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.