Intern - Operational Risk Management Transformation (f/m/d)

Location: München, DE, 80335

Intern - Operational Risk Management Transformation (f/m/d)

Job Level

Student

Location

München, DE, 80335

#job-location.job-location-inline {

display: inline;

}

Area of Expertise

Risk Management

Unit

Allianz Global Investors

Employing Entity

Allianz Global Investors GmbH

Job Type

Full-Time

Remote Job

100% on-site

Employment Type

Temporary

ID

109873

Position Cluster

n.a.

We are currently looking for an Intern to join the Operational Risk Management Transformation Team! The position will be based in our Munich office.

About the Job

This role is embedded within the Operational and Business Risk Management function at AllianzGI. The team is responsible for supporting a strong and effective control environment for Operational and Business Risk.

As part of this role, you will contribute directly to a key transformation initiative: the implementation of an AI-driven risk management tool and the migration of control-related data into the new platform. You will work closely with Risk Management and risk vector owners across the business to improve test procedures, operational procedures, and overall control quality.

By supporting improvements in the efficiency, consistency, and usability of the broader control framework, you will help strengthen governance, support regulatory and audit readiness, and enhance the way controls are documented, managed, and monitored across AllianzGI.

What you do

Support the implementation, setup, and configuration of an AI-driven risk management tool within the control environment

Work closely with Risk Management and risk vector owners to review, rewrite, and improve control test procedures to ensure clarity, consistency, and audit readiness

Assist risk vector owners in reviewing and enhancing operational procedures linked to controls to improve quality and usability

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

Help document requirements, identify gaps, and contribute to the ongoing optimization of control management processes

Apply structured prompting and critical thinking to support the effective use of AI-enabled tools in control documentation and testing.

What you bring

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

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

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

Experience in an audit environment is highly desirable

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 understanding of how effective prompting can support documentation 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

Ability to use 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 [email protected].

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 “Addit