Working Student Fixed Income Risk Analytics

Join us. Let's care for tomorrow.
At Allianz Global Investors we foster a culture of professionalism, fulfilment, and an inclusive working environment. Do you want to be part of a leading active asset management company? Then join us now

Join Our Quantitative Risk Analytics Team – Shape the Future of Fixed Income Risk Management Step into a dynamic, international environment where your quantitative skills will be put to the test on intellectually stimulating challenges with high learning potential. As part of our team, you'll gain hands-on experience in both day-to-day operations and strategic projects that directly impact portfolio risk management.

This role is based in our Frankfurt office.

What You Will Do

• Contribute to the development and refinement of monitoring frameworks for Fixed Income portfolios
• Apply your analytical mindset to strengthen risk oversight processes
• Drive improvements in Fixed Income Risk Analytics Monitoring by advancing methodologies and tools
• Conduct strategic risk profiling and sensitivity analyses to identify key risk drivers and portfolio behaviors
• Support the implementation of tools such as the Barra One multi-factor risk model for Fixed Income portfolios, enabling deeper insights into risk decomposition, factor exposures, and performance attribution.

What You Bring

• Advanced bachelor's or master's degree with a strong quantitative and financial background, especially in Fixed Income
• Proficiency in Python and SQL
• Genuine interest in asset management
• Diligence, team spirit, and initiative
• Strong written and verbal communication skills
• Excellent command of English both written and spoken; French is a plus
• Background in data science
• Experience with Power BI.

What We Offer

• Balanced work environment: A dynamic office culture that supports flexibility and collaboration.
• Flexible working from home (hybrid model/flexible working hours)
• 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 global active asset manager.

We invest for the long term and want to create value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their needs, and build solutions based on capabilities across public and private markets. Our focus on enhancing our clients' assets leads naturally to a commitment to sustainability for positive change. Our goal is to enhance the investment experience for clients, whatever their location or goals.

Putting our clients' needs first, behaving in a transparent way and treating people fairly means acting with integrity. We encourage a collegial culture, that supports individual responsibility. We invest in the development of our employees to maximize the power of innovation.

We at Allianz believe in a diverse and inclusive workforce, we are committed to the principles of Equal Employment Opportunity and to helping applicants with any disabilities. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Great to have you on board.

If you feel inspired to promote the active asset management experience, this is the place for you. Join our diverse, 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

83944 | Risk Management | Student | n.a. | Allianz Global Investors | Part-Time | Temporary