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

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Munich Re

2mo ago

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

AI generated summary

  • You need a strong degree in a quantitative field, relevant internships, analytical and programming skills, knowledge of Solvency II, and fluency in English and German.
  • You will assess and report risks, develop automated tools, engage in international assignments, and expand your network within the company while gaining in-depth industry knowledge.

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 kind of experience is preferred for this position?

Initial work experience, such as internships, ideally in the areas of risk management, risk modelling, or actuarial data analytics is preferred.

Is knowledge of Solvency II important for this role?

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

What kind of academic background is required?

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

Are there any programming skills that would be beneficial for the role?

Yes, strong analytical, programming, and/or data analytics skills (e.g., R, SQL, Matlab, Power BI, etc.) are very beneficial.

What languages do I need to speak to apply?

Fluency in spoken and written English and German is required.

What does the International Graduate Trainee Programme entail?

The program involves a 24-month training period, including an international assignment, with a focus on professional, methodological, and social skills relevant to risk management.

How does the company support career mobility?

Munich Re actively supports career mobility, offering a wealth of career growth opportunities through its strong global and regional presence.

What type of company culture does Munich Re promote?

Munich Re embraces a culture where multiskilled teams think big, cultivate innovation, and leverage diversity, equity, and inclusion.

Will I have opportunities for continuous learning?

Yes, Munich Re believes that continuous learning is key for building new skills and accelerating growth, and provides resources for it.

How should I apply for the position?

You should apply through their online portal, uploading your CV and academic reference letters, along with a cover letter explaining your interest in the position and Munich Re.

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Munich Re

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.