Portfolio Manager(f/m/d)

Join the Global Multi Asset team, managing EUR 115B in multi asset solutions for Institutional and Retail clients.Within the broader Multi Asset, we are looking for an experienced Portfolio Manager to support our Protection team.The Protection team manages Institutional and Retail accounts investing in Funds, ETFs, Derivatives and single securities aiming to deliver compelling risk-adjust returns and protection levels.The candidate will join as Portfolio Manager and will have direct responsibility for single clients and accounts, including portfolio implementation, distribution support and client interaction.What you will doPortfolio management of multi-asset portfolios, with an initial focus on protection portfolios, including both CPPI- and OBPI-based strategies.Enhancement and further development of the current investment strategy and technology infrastructure.Participation in and active contribution to internal research initiatives, with a particular focus on quantitative and options-based strategies.Contribution to client-related activities, including the presentation of investment strategies, preparation of client review meetings and workshops, and development of pitch materials.What you bring 10+ years of experience in investments and fund management; experience in multi-asset investing is an advantage.Excellent university degree with a specialization in Finance, Economics, Mathematics, or a related field.Deep understanding of financial markets, economics, and financial risk management.Strong theoretical knowledge and practical experience with derivatives in a portfolio management context, both for investment and hedging purposes. Hands-on experience with options is considered an advantage.Proficiency in a programming language, preferably Python, and experience in managing data flows and databases, including platforms such as Databricks and SQL.Familiarity with AI-driven programming, software development, or investment research is a strong differentiator.Excellent communication skills, with the ability to explain complex strategies clearly to both internal and client audiences.Strong team-oriented mindset, with the ability to work effectively in a highly collaborative environment and engage with a wide range of stakeholders.Professional working proficiency in English and German is required; additional language skills, particularly Italian or French, are considered beneficial.Progress toward, or completion of, the CFA designation or other relevant professional certifications is considered an advantage.Experience with Python, Data Engineering, Data Analytics.What we offerWe empower our employees by ensuring flexible work arrangements that maintain a balance between performance, productivity, career development and personal priorities (e.g., hybrid model/ flexible working hours)Securing your future: Access to company pension/savings plansFamily support (relocation/ childcare facilities)Company share purchasing planMental health and wellbeing programsMobility solutions (Jobrad bike leasing, subvention Jobticket)Career opportunities within the entire Allianz GroupSelf-guided learning & development… and so much more!About Allianz Global InvestorsAllianz 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. 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 [email protected]. To Recruitment Agencies:Allianz Global Investors has an in-house recruitment team that sources great candidates directly. Therefore, Allianz Global Investors does not accept unsolicited resumes from agency or search firm recruiters.When we do work with recruitment agencies, that engagement is formalized by a contract. Fees will only be paid when there is a contract in place.Without a contract in place, we will not accept invoices on unsolicited resumes, even if the candidate was ultimately employed by Allianz Global Investors.Finally, please do not contact hiring managers directly.Join us. Let’s care for tomorrow.How to Apply: Applying is quick and easy. Simply upload your CV, complete your personal details, confirm your consent for AI support in the “Additional Information” section, and submit your application.To support our recruiters, we use Fit Score—an AI‑powered tool that highlights how closely your profile aligns with the role. This helps us review applications more efficiently and focus on what matters most: your skills and experience.Good to know: The Fit Score is a support tool only. At Allianz, technology never replaces human judgment. Every application is carefully reviewed by our recruiting teams, ensuring a fair, thoughtful, and personal hiring process.103516 | Asset & Investment Management | Professional | n.a. | Allianz Global Investors | Full-Time | PermanentJob SummaryJob number: 103516Date posted : 2026-09-23Profession: Asset & Investment ManagementEmployment type: Full-TimeType: