Within Allianz SE, Group Risk (GR) is in charge of managing risks to bolster Allianz's financial strength and to support value-focused company leadership. Group Risk is responsible for monitoring, managing and reporting on the Group's overall risk profile. In this context, the Independent Validation Unit is the central global validation function, being responsible for independently validating internal models across many risk types in the context of Solvency II.

In your role as a validator you support the Independent Validation Unit team with validating models and coordinating the group-wide minor/immaterial model change process with our Operating entities. You will also support the communication to regulators.

You will:

• Support Allianz with continuously improving the Internal Model and ensuring compliance with SII regulation

• Validate models by applying statistical analysis e.g. for Property/Casualty risk, Operational Risk or Tax

• Present validation results to senior management and make proposals for improvement

• Manage the minor/immaterial model change process in close alignment with senior management and supervisory authorities

• Be in close contact to Model Owners and Internal Model entities world-wide

Minimum Qualifications:

• 5+ years professional experience in risk modelling in context of Solvency II insurance or Basel II/III banking regulation preferably in the Property/Casualty Risk area

• Completed masters in finance, mathematics, physics or in related fields

• Fluent in English and ideally also in German

• Proficient in MS Office (PowerPoint, Excel, Word etc.) and statistical analysis tools/programming (e.g. R, Python)

• Effective communication and interpersonal skills

• Solid technical proficiency

Preferred Qualifications:

• An actuarial qualification would be a plus.

• Additional other languages would be a plus

• Previous experience in business related functions (i.e. Claims, Underwriting, Consulting, Product Development, Finance, Digital / Tech etc.) is a plus

Do we have what you need?

• Flexible working arrangements

• Excellent career development opportunities

• Family friendly working environment  

• Health and well-being offerings   

• Company pension and health insurance   

• Multinational, diverse and inclusive community   

• Opportunity to affect our sustainability initiatives