Associate Graduate Program - Risk Management

Allianz • Chicago, IL

377d • $69,000 - $69,000 • Remote

About The Position

This position offers a unique opportunity for recent Finance graduates to kickstart their careers through a structured 12-month Graduate Program at Allianz Commercial. The role focuses on supporting the Risk Management and Analytics team, providing hands-on experience in a corporate setting while participating in various projects. The program aims to develop well-rounded technical experts and future leaders in the insurance industry.

Requirements

• Recently completed university degree in Finance or related field.
• Minimum GPA of 3.0 preferred.
• Knowledge of Finance and Insurance, ideally in Property & Casualty (P&C).
• Ability to handle qualitative and quantitative risk assessments.
• Familiarity with risk measurement techniques following Group policies and guidelines.
• Understanding of risk profiles, including ORM/SOX, Credit risk, Insurance risk, and Financial Risk compliance with Group policies.
• Eligibility to work in the local hiring office (US or Canada).
• Strong problem-solving and analytical skills with a proactive attitude.
• Excellent communication and interpersonal skills for relationship development.
• Willingness to pursue certifications in financial risk management such as FRM or PRM.
• Proficiency in Microsoft Office, especially Advanced Excel and Power BI.

Nice To Haves

• Experience in risk management, finance, or quantitative disciplines through internships or academic projects.

Responsibilities

• Support the Senior Risk Analysts and Regional Head of Risk Management North America in tasks related to the Allianz Risk Management Framework.
• Conduct and review business areas of concern, communicating and reporting risk topics to the Head of Risk Management NA.
• Manage, monitor, and report on top risks, including key risk indicators and mitigation plans for identified deficiencies.
• Drive a strong governance process and interact with the business on risk steering topics, including deriving mitigation plans and actions.
• Perform qualitative and quantitative risk management, including risk identification, assessment, analysis, and control assessment.
• Prepare standard and ad-hoc management reports.

Benefits

• Competitive salary of $69,000 per year.
• Annual performance-based cash incentive awards.
• Generous bonus scheme and pension plan.
• Flexible working arrangements and hybrid working model.
• Private healthcare and generous parental leave benefits.
• Lifelong learning opportunities and career development programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree