Working Student (m/f/d) for Quantitative Development in Group Risk at Allianz SE

Job Start: 01.08.2025
Job Type: Part-time (16-20hours/week) - Temporary
Allianz student position

We kindly ask you to upload pdf documents only and make sure your CV and motivation letter for this position are in English.

Who are we?

Are you keen on driving innovation? Do you thrive in a culture of diversity, collaboration and trust? Then let's care for tomorrow. At Allianz SE, you can count on having a voice, driving innovation and change and making an impact – for us, yourself and the world. For more about Allianz SE, Click Here.

Who will you be joining? 

Within Allianz SE, Group Risk is charged with the task of managing risk to bolster Allianz's financial strength and to support value-focused company leadership. As such Group Risk is responsible for monitoring and reporting on the Group's overall risk profile, and thus ensuring that individual Allianz companies adhere to the Group's risk governance principles. Operating excellence of this framework plays a key role to comply with future Solvency II standards.

You will be part of the Internal Model Team within Group Risk at Allianz SE. The team is responsible for the implementation and mantainance of the Internal Model used for the calculation of solvency capital requirements across the Group. 

How can you make an impact? 

Within the internal model your emphasis is on the modelling of asset and liability interaction

• Developing tools to preprocess data
• Benchmark exisiting optimization algorithms
• Support validation of the existing model
• Analyze the impact of different models on Solvency II risk capital

What are you made of? 

Minimum Qualifications 

• Currently working towards a university degree (preferably Master) in mathematics, computer science, physics, statistics or a related field
• Good programming skills in Python (ideally showcasing public projects on GitHub)
• Experience in software development and object oriented programming
• Knowledge in statistics and optimization as well as related python packages
• Machine learning knowledge is a plus
• Very good command of the English language, German language is beneficial though not required
• We can only consider your application if you provide the following documents:

  • Certificate of enrolment (exception gap year)

  • Valid Work and residence permit (for non-EU citizens). Please check before applying if you can work with your current VISA

• Previous experience in business related functions (e.g. Sales, Operations, Claims, Underwriting, Investment Management, Asset Management, Consulting, Product Development, Finance, Market Management, Digital/ Tech etc.) is a plus

Preferred Qualifications

• Strong analytical and conceptual capabilities
• Independent and outcome-oriented working style
• Good communication skills
• Previous experience within the financial services sector or consulting is a plus

Do we have what you need? 

• Flexible working arrangements (opportunity to work from home few days per week)

• Individual and Excellent career development opportunities/plans

• Family friendly working environment  

• Health & well-being offerings   

• Company pension & health insurance   

• Multi-national, diverse and inclusive community   

• Opportunity to make an impact on our sustainability initiatives  

 And there is much more! Find out more here: Allianz SE Benefits 

More information regarding our recruitment process: Allianz Career

To Recruitment Agencies: 

Allianz SE has an in-house recruitment team that sources great candidates directly. Therefore, Allianz SE 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.

Finally, please do not contact hiring managers directly.

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. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Great to have you on board. Let's care for tomorrow.

Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.