Munich, NA, DE
18 hours ago
Operational Risk Manager

The world around us is changing rapidly and so is the insurance industry. Now’s the right time to make a bold move and shape the future of insurance – this is Allianz Direct! As a pan-European online insurer of the Allianz Group, launched in 2019, Allianz Direct is on its mission to become the most customer-oriented and efficient insurer on the market. Allianz Direct is truly changing the face of insurance, in customer experience, and in technology, processes, people and culture.    

An international team of business experts and engineers who live and breathe an agile way of working, are seeking to improve and change the way you do insurance. Driven by customer obsession and love for data, Allianz Direct strives for delivering an exceptional experience with a personal touch.  

So, what makes Allianz Direct so unique? We believe in the power of simplicity and convenience and by doing so we have managed to set new standards when it comes to online insurance.

Job Purpose

We are seeking for a dedicated ICT (Information & Communication Technology) Risk Manager to join our Operational Risk Management team at Allianz Direct. As an ICT Risk Manager, you will take a pivotal role in safeguarding our systems and data by implementing frameworks, policies, tools, and techniques on ICT risk management across the entire organization. This role offers a unique opportunity to collaborate with skilled colleagues, tackle complex challenges, and contribute directly to the ongoing innovation and resilience of our operations. Join us in making a lasting impact on the way we identify, manage, and mitigate ICT risks in a dynamic and forward-thinking environment.

You will report to the Chief Risk Officer. The role also involves supporting the business (1st LoD) with implementation and maintenance of the non-financial risk management framework globally.  

Key responsibilities

• Providing oversight and challenge to ICT risk management across AZ Direct

• Monitor and oversee ICT risks, ensuring that management strategies align with the set risk appetite and effectively mitigate exposure.

• Implement and maintain a state-of-the-art framework to ensure regulatory, group requirements and industry standards related to ICT and non-financial risk management are met, e.g. DORA

• Support the business to identify risks and related key controls, formulate action plans, assign action owners, set deadlines and validate with risk owners.

• Perform Quality Assurance on Risk Control Assessments (RCA), control documentation and testing results and provide expert guidance on topics.

• Report independently on ICT risks and risk management, including supporting the Chief Risk Officer on reporting to Board and Management.

• Interact with the Group, local supervisory authorities, internal audit and external auditors.

• Represent AZ Direct's Risk Management function in relevant committee(s)/ meetings/ risk assessment workshops including analyzing risks, offering constructive challenge and suggesting new ideas.

• Prepare and perform local entity training and awareness campaigns to further strengthen the AZ Direct risk culture.

• Proactively identify opportunities and challenge the status quo.

Qualifications/Key skills

• You have a master or bachelor’s degree in economics, Business administration or similar.

• You bring a minimum of 3 years of work experience in ICT risk management, cybersecurity, or operational risk, preferably in the financial services industry 

• You have experience in risk assessment, issue/impact analysis and executive report writing.

• You have a basic understanding of Solvency II framework, particular focus on Pillar II is a plus.

• You are fluent in English, both written and spoken; fluency in German is an advantage.

• You are a strong team player with effective communication skills and the ability to work independently with initiative 

• You have a strong entrepreneurial spirit and consider change as the only constant

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