Quantitative Risk manager

Join Allianz Benelux as a Quantitative Risk Manager

Who Are We?

Allianz Benelux is a leading composite insurance provider, offering a comprehensive range of non-life and life/health insurance products in Belgium and the Netherlands. Our operations also extend to Luxembourg, where we specialize in offering tailored life insurance solutions. We cater to both retail and corporate customers, ensuring diverse coverage options to meet various needs.

What Will Your Role Be?

Join Allianz Benelux as we embark on the Internal Model Approval Process (IMAP) project—a multi-year initiative focused on obtaining regulatory approval for our internal model. We are seeking skilled risk managers to support this critical project, offering a unique opportunity to gain insights into the company and advance your professional growth.

As a Quantitative Risk Manager in our Risk Management department, you will play a vital role in Internal Model Aggregation and Governance. This dynamic position is central to the IMAP project, where you will contribute to the aggregation framework of our internal model. You will manage the integration of various risk types, including financial, operational, and underwriting risks, using Gaussian Copulas, correlations, and geographical hierarchies. Additionally, you will enhance the Governance Framework of the new internal model, gaining a comprehensive view across multiple areas of the company and experiencing a steep learning curve.

Our Risk Management department is committed to fostering career opportunities, ensuring professional growth and advancement for our team members. You will collaborate closely with cross-functional teams and stakeholders to ensure regulatory and Group alignment while achieving project objectives. Working alongside colleagues in Finance, you'll benefit from numerous opportunities for learning and development throughout your journey with us.

Your Main Responsibilities:

• Internal Model Aggregation: Conduct analysis of risk capital results, correlations, Gaussian Copula structures, and monitor and calibrate cross effects of the internal model. Communicate results effectively to management.
• Risk Identification: Assist in identifying and assessing all risk capital associated with the Internal Model, ensuring accurate figures and robust risk management practices.
• Stakeholder Engagement: Collaborate with internal and external stakeholders to ensure clear communication, alignment, and transparency.
• Regulatory Compliance: Ensure the internal model Aggregation Model meets all Solvency II requirements, including implementing necessary Aggregation Documents.
• Internal Model Framework: Contribute to the development and maintenance of the new internal model governance framework.
• Process Optimization: Drive efficiency within Risk Management by continuously improving processes and tools, such as automation with GenAI or programming languages, enhancing overall effectiveness and productivity.

What We Expect From You:

• A Master’s degree in Econometrics, Mathematics/Statistics, (Financial) Engineering, Actuarial Sciences, or a similar field.
• 1 to 4 years of experience in Finance/Insurance, with practical experience in applied financial mathematics.
• Detail-oriented and able to manage multiple priorities in a fast-paced environment.
• Fluent communication skills in English, with Dutch and/or French as a plus.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams.
• Motivated team player with strong quantitative skills, capable of explaining complex analyses understandably.
• Programming knowledge, e.g., Python, R, VBA.
• Experience in Risk Management and Solvency II is a plus.

What We Offer:

• Dynamic Environment: Thrive in a multicultural team of experts within a dynamic international landscape based in Brussels or Rotterdam.
• Competitive Compensation: Enjoy a competitive salary package with excellent secondary benefits, including a great pension scheme and generous holidays.
• Versatile Work: Engage in diverse projects across financial topics and insurance businesses.
• Motivating Atmosphere: Work in an environment that encourages initiative and views failures as learning opportunities.
• Development Opportunities: Access Allianz’s global risk and actuarial community, with opportunities for internal and external training.

Ready to Make an Impact?

If you're eager to contribute to the IMAP project and drive innovation in risk management at Allianz Benelux, we want to hear from you! #LetsCareForTomorrow

De Allianz Groep is en van de meest vertrouwde verzekerings- en vermogensbeheerbedrijven in de wereld. Het zorgen voor onze werknemers, hun ambitie, dromen en uitdagingen, maakt ons een unieke werkgever. Samen bouwen we aan een omgeving waarin iedereen zich gemachtigd voelt om te onderzoeken, groeien en een betere toekomst te creëren voor onze klanten en de wereld om ons heen. Bij Allianz geloven we in een divers en inclusief personeel en zijn daarom ook trots om een gelijke kansen werkgever te zijn. We moedigen iedereen aan om zich volledig te geven, waar je ook vandaan komt, hoe je er eruitziet, van wie je houdt en waarin je gelooft. We verwelkomen sollicitaties van iedere etniciteit of culturele achtergrond, leeftijd, religie, handicap of seksuele oriëntatie. Start nu bij Allianz. Let's care for tomorrow.