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International Graduate Trainee 2025 - focus on risk management (m/f/d)*

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Munich Re

Yesterday

  • Internship
    Full-time
    Off-cycle Internship
  • Data
    Banking & Finance
  • Munich

AI generated summary

  • You need a strong quantitative degree, relevant internships, knowledge of Solvency II, analytical and programming skills, plus fluency in English and German. Strong communication skills are essential.
  • You will assess and model risks, develop efficient risk reporting processes, gain insights in risk management, and participate in an international assignment to enhance your industry network.

Requirements

  • Very good university degree in mathematics, actuarial sciences, statistics, economics or a similar degree with a quantitative background
  • Initial work experience (e.g. internships), ideally in the areas of risk management, risk modelling or actuarial data analytics
  • Knowledge of Solvency II is an advantage
  • Strong analytical skills, programming skills and/or data analytics skills (e.g. R, SQL, Matlab, Power BI etc.) are very beneficial
  • Strong interpersonal and communication skills and willingness to learn
  • Ability and experience in communicating complex matters in a transparent and clear way, both orally and in writing
  • Fluency in spoken and written English and German required

Responsibilities

  • Work on varied topics focusing on understanding, modelling and managing risks in the context of regulatory requirements (in particular Solvency II)
  • Develop methods and processes for risk assessment and risk reporting, with emphasis on automated and efficient processes and tools
  • Experience the opportunities and insights offered by one of the world's leading risk managers
  • Participate in an international assignment of three months to broaden your intercultural experience
  • Acquire profound knowledge of our business as well as further developing your soft skills in our distinguished global learning programme
  • Take the opportunity to quickly build a broad network of industry experts within Munich Re worldwide

FAQs

What is the duration of the International Graduate Trainee Programme?

The duration of the International Graduate Trainee Programme is 24 months.

What is the focus area of the trainee position?

The focus area of the trainee position is risk management.

Is prior work experience required for this position?

Initial work experience, such as internships in risk management, risk modelling, or actuarial data analytics, is preferred but not mandatory.

Are there any specific skills required for this job?

Strong analytical skills, programming skills, and/or data analytics skills (e.g., R, SQL, Matlab, Power BI) are beneficial for this position.

What educational background is preferred for this role?

A very good university degree in mathematics, actuarial sciences, statistics, economics, or a similar quantitative background is preferred.

Is knowledge of Solvency II advantageous?

Yes, knowledge of Solvency II is considered an advantage for applicants.

Will trainees have an opportunity for international experience?

Yes, trainees will participate in an international assignment of three months to broaden their intercultural experience.

What languages are required for this position?

Fluency in spoken and written English and German is required.

How should I apply for this position?

You should apply through the online portal and upload your CV, academic reference letters, school certificates, graduation certificates, and transcripts of record for any degrees.

Does Munich Re offer support for career development?

Yes, Munich Re actively supports career mobility and provides opportunities for continuous learning and professional development.

Are there any specific benefits related to work-life balance?

Yes, Munich Re promotes the compatibility of family and work and offers a focus on overall work-life balance.

Is there any specific attention given to diversity and inclusion at Munich Re?

Yes, Munich Re embraces diversity and actively focuses on equity and inclusion, believing that it fosters innovation and resilience.

Pushing the boundaries of insurability to help the world advance with confidence.

Finance
Industry
10,001+
Employees

Mission & Purpose

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. We are globally active and operate in all lines of the insurance business. Since our founding in 1880, we’ve been known for our unrivaled risk-related expertise and sound financial position. We offer customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. We possess outstanding innovative strength, which enables us to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyber attacks, or pandemics. We’re also playing a key role in driving forward the digital transformation of the insurance industry, and in doing so have further expanded our ability to assess risks and the range of services that we offer. Our tailor-made solutions and close proximity to our customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals. Our corporate culture is defined by performance, mutual respect and trust. All this makes us an attractive employer providing global career development opportunities and prospects.