04.07.2023
Risk Management Specialist
Location: Sofia (Bulgaria)
Job level: Graduate
Apply now: Send us Motivational letter and CV in English by 30.07.2023 under the reference RMF to hr@allianz.bg
About Us
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.
Allianz Bulgaria operates several companies in Insurance and Pension segments. You will join the Risk Management Function which is a key function established under the Insurance Solvency II Regulatory Framework and ensures the proper capital management, risk assessment and mitigation framework for all the risks our companies are exposed to.
You will
- Fulfill Solvency II framework requirements including periodical calculation of the risk-based capital and preparation of all relevant reports, documentation and analysis towards the Regulator, Allianz Group and Local Stakeholders.
- Monitor the solvency of Allianz Bulgaria Companies and suggest actions to maintain target capitalisation level.
- Perform quantitative and qualitative assessments of the inherent risks (market, credit, insurance, liquidity, operational), scenario analysis, stress tests. Prepare reports and presentations for the inherent risks to the relevant stakeholders.
- Develop models for risk monitoring, propose risk mitigation measures and oversee their fulfillment.
- Monitor limit framework in respect of inherent risks as well as further development.
- Participate in Projects and Expert Work Groups in the field of Risk Management, Solvency II and other Finance and Business Related Activities.
Your skills
- Bachelor or Master in finance, economics, mathematics, statistics, actuarial science or other quantitative degree.
- Prior experience in a Risk Management, Actuarial, Investment, Finance Department, or other area requiring analytical capabilities is a strong advantage but not a must.
- Knowledge of insurance business will be considered as an advantage, but not a must.
- Fluency in English language.
- Competency in MS Office applications (preferably having an advanced understanding of Excel)
- Possession of professional certifications like CFA, FRM, CERA is an advantage, but not required.
- High level of communication skills and responsibility.
- Analytical thinking, numerical skills and eagerness to learn.
- Ability to prioritize and meet timelines, perform tasks independently, possessing attention to detail.
Your benefits
- We offer a hybrid work model which recognizes the value of striking a balance between in-person collaboration and remote work.
- We believe in rewarding performance and our compensation and benefits package includes a company bonus scheme, pension, health insurance, employee shares program and multiple employee discounts.
- From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees and an environment where innovation, delivery and empowerment are fostered.
The nature of the work supposes active communication with Allianz Group Risk Management Community, Allianz Bulgaria Senior Management, other Key Functions as well as the Business Lines.
Allianz is proud to be an equal opportunity employer encouraging diversity in the working environment. We are interested in your strengths and experience. We welcome all applications from all people regardless of gender identity and/or expression, sexual orientation, race or ethnicity, age, nationality, religion, disability, or philosophy of life.