Intern in Financial Risk & Aggregation (m/f/d)

Welcome at Allianz 

We are looking for an Intern (m/f/d) for our modern and innovative location

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.

Within Group Risk, the Financial Risk & Aggregation (FRA) team is covering the areas of financial risk and capital management as well as the maintenance and development of group-wide Internal Model with focus on real-world scenario generation, risk aggregation and tax modeling. Internal Model areas that are in scope of the team include among others those of equity and interest rate volatility, copulas and correlation settings management and tax-related topics.

What you will do as Intern in Financial Risk & Aggregation (m/f/d) 

• Support the development of quantitative risk management tools both in terms of modelling and programming, maintained by Group Risk and the team.


• Implement and test existing and new methods for risk measurement and investment solutions for the management of Allianz's portfolio exposures in line with the regulatory requirements.

What you bring as Intern in Financial Risk & Aggregation (m/f/d) 

• Enrolled in a Master program in a highly quantitative subject such as Mathematics/Mathematical Finance, Statistics, Actuarial Science, Physics, and Computer Science or related.


• Good command of statistical programming languages (e.g., R and/or Python, Excel VBA, Java) ideally showcased via shared projects on Git or similar, with the ability to use it in a productive environment and create prototypes. Ability to understand and work with large datasets and knowledge of basic algorithms.                                               


• Familiarity with fundamental mathematical and statistical concepts such as calculation of various Value-at-Risk (VaR), time series analysis, copula, correlation and stochastic simulation methods, proved through relevant coursework or prior internship experience.                                                                                                                                                                                                                                                                  


• Fluent in English


• Openness to creative and innovative solutions, as well as a passion for working with forward-thinking technologies such as artificial intelligence or internal ChatGPT.

Our highlights for you: 

Health & well-being: Numerous sports and health offers as well as preventative measures lay the foundation for your physical and mental health.

Remuneration: In addition to an attractive salary, you can expect a monthly travel allowance of 30,00 € and a daily lunch allowance in our excellent staff restaurants.

Time & flexibility: With our "New Work" model, you can achieve an even better work-life balance. We work flexibly, hybrid, mobile and on site.

Career development: Comprehensive educational opportunities in the form of training courses and access to LinkedIn Learning or Degreed enable continuous further development.

You can find a complete overview of what makes us an attractive employer at careers.allianz.com/benefits.                                                                   

Appointment date: as soon as possible

Are you interested? Then we look forward to receiving your application online on our careers page - careers.allianz.com.

Our colleagues at [email protected]  will be happy to answer any technical or professional questions you may have.

Note: Allianz in Germany has an internal recruitment team that focuses on the direct search for outstanding candidates. No unsolicited applications from recruitment agencies or recruitment firms will be accepted.

As the world's leading insurer, financial services provider and asset manager, Allianz has been committed to the security of our customers and employees since 1890. We are also an award-winning employer: in 2025, Allianz in Germany won the Great Place to Work "Germany's Best Employer" award. Our employees are important to us, and together we are creating a better living environment and future for our customers and ourselves. 

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.

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. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

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.

Join us. Let's care for tomorrow.