Risk Manager - Investment Risk (Global Private Debt Strategies)

We are looking for an experienced Credit and Investment Risk Manager with deep expertise in credit analysis across infrastructure debt and/or leveraged finance. You will provide independent risk oversight for Private Debt investment activities across global strategies and contribute to the continued development of the Private Markets risk framework. The role requires clear judgement, the ability to challenge constructively, and a pragmatic approach to balancing risk and return. You will work closely with senior investment professionals in a fast-paced, international environment and represent Risk as a credible and confident counterpart in investment decision-making. The role will be based in our London office and report to the Head of Private Debt Risk.

What you do

• Provide independent credit and investment risk coverage across infrastructure debt and leveraged finance strategies globally.
• Perform internal credit quality assessments, including assignment, validation, and ongoing review of internal ratings.
• Monitor portfolio risk across various risk dimensions (e.g. concentration, liquidity, sustainability), including scenario analysis and stress testing.
• Oversee liquidity risk at fund level, including assessment of cash flow dynamics and stress scenarios.
• Prepare risk reporting and presentations for senior management and external stakeholders.
• Perform independent risk assessments for new Private Credit products and investment strategies.
• Further develop the Private Debt risk framework, tools, and processes.
• Act as a key contact and trusted advisor for all private debt-related risk matters from clients and internal stakeholders.
• Contribute to cross-functional initiatives and maintain effective collaboration across teams.
• Stay current on relevant market developments in private debt and credit markets.

What you bring

• Master's degree in Finance, Business, Economics, Mathematics, or a related quantitative discipline with a finance focus.
• Significant experience in credit analysis within infrastructure debt and/or leveraged finance (e.g. at a bank, asset manager, or rating agency).
• Solid understanding of portfolio risk concepts, including concentration risk, liquidity risk, stress testing, and sustainability risks.
• Familiarity with Private Markets fund structures, liquidity profiles, and risk oversight frameworks.
• Excellent written and verbal communication skills in English, with the ability to clearly articulate complex financial concepts.
• Proactive mindset with a strong client-service orientation.
• Ability to work independently, think critically, and deliver well-founded recommendations with confidence.
• High level of collaboration and stakeholder management skills.
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices.

What we offer

• Flexible work arrangements that maintain a balance between performance, productivity, career development and personal priorities (e.g., hybrid model/flexible working hours).
• Access to company pension/savings plans.
• Company share purchasing plan.
• Mental health and wellbeing programs.
• Career opportunities within the entire Allianz Group.
• Comprehensive learning and development offerings, including certifications and professional qualifications.

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.

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