We are currently looking for an Intern to join the Operational and Business Risk Management team. The position will be based in our Munich office.




About the Job




The Operational and Business Risk Management function at AllianzGI is responsible for supporting a strong and effective control environment for Operational and Business Risk, with a focus on the wider non-financial risk landscape.




In this role, you will support the implementation and continuous improvement of our non-financial risk management framework, policies and controls. You will also contribute to a transformation initiative that leverages AI-enabled tooling and supports the migration of control-related data from existing systems into a new platform.




Working closely with Risk Management and risk vector owners across the business, you will help assess risks, review controls and improve procedures and overall control quality. By supporting improvements in the efficiency, consistency and usability of the broader risk and control framework, you will help strengthen governance, support regulatory and audit readiness, and enhance how risks and controls are documented, measured and monitored across AllianzGI.




What you do

• Support the implementation and continuous improvement of the non-financial risk management framework and controls


• Apply structured prompting and critical thinking to support the responsible use of AI-enabled tools in risk and control documentation, testing and analysis


• Conduct research and analysis on emerging risk topics and help translate findings into practical recommendations for the team

• Assist with risk and control assessments, including analysing risks, reviewing controls and documenting results

• Support the assessment of projects, emerging risks and changes to business processes or technology

• Contribute to regulatory and risk management initiatives, including operational resilience, third-party, technology and other non-financial risks

• Support the migration of control and process data from legacy systems into the new platform, including data preparation, mapping, validation and clean-up

• Work with Risk Management and risk vector owners to review and improve control test procedures and operational procedures, ensuring clarity, consistency and audit readiness

• Support cross-functional projects and day-to-day risk management activities across the organisation.

What you bring

• Bachelor (3rd semester or beyond) or Master student in Business Administration, Information Systems, Information Technology, or a related field

• Strong interest in risk management, governance, controls, audit and operational processes

• Solid understanding of internal controls, control documentation, or audit-related concepts

• Experience in consulting or an audit and risk environment is highly desirable

• Analytical mindset and the ability to work with data, using both quantitative and qualitative methods

• Ability to collaborate with different stakeholders and support control owners in improving procedures and documentation

• Proficiency in Microsoft Office tools; experience with governance, risk, or control platforms is a plus

• Interest in Artificial Intelligence and an understanding of how effective prompting can support documentation, analysis and control-related work

• Proficiency in English is required; German is a plus


• Ability to use Claude and Microsoft Copilot, with a strong commitment to ethical and responsible AI practices.

What we offer


• Balanced work environment: A dynamic office culture that supports flexibility and collaboration


• Mental health and wellbeing programs (EGYM Wellpass)


• Mobility solutions (Subvention Jobticket, Deutschlandticket etc.)


• Canteen subsidy


• Corporate benefits


• ... and so much more!




About Allianz Global Investors




Allianz Global Investors is a leading active asset manager, managing assets for individuals, families, and institutions worldwide. Our shared goal to shape a future of opportunity for our clients is foundational to our culture and our values. We look to attract, and actively nurture, individuals with the drive to achieve excellence at every stage of the investment experience.




We believe an inclusive culture is key to a flourishing workforce. Not only do we celebrate the broad range of experiences, backgrounds, and attributes that our workforce brings, but we support our people to live and work in a way that promotes their own wellbeing.




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.




We are united by a shared commitment: to put our clients first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.




Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future - for our clients and for 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. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.




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.




If you feel inspired to promote the active asset management experience, this is the place for you. Join our international, technology-enabled, and agile environment. Simply upload your CV in English to apply for this position. If you need support to navigate our websites or at any stage during your application, please send an email with your request to recruiting@allianzgi.com.




Join us. Let's care for tomorrow.




How to Apply: Applying is quick and easy. Simply upload your CV, complete your personal details, confirm your consent for AI support in the "Additional Information" section, and submit your application.




To support our recruiters, we use Fit Score-an AI powered tool that highlights how closely your profile aligns with the role. This helps us review applications more efficiently and focus on what matters most: your skills and experience.




Good to know: The Fit Score is a support tool only. At Allianz, technology never replaces human judgment. Every application is carefully reviewed by our recruiting teams, ensuring a fair, thoughtful, and personal hiring process.




109873 | Risk Management | Student | n.a. | Allianz Global Investors | Full-Time | Temporary