VP Investment Management | Hybrid (Minneapolis)

This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

At Allianz Life, we are guided by our mission - we secure your future - and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting equality in our communities.

What you do:

Reporting to the CEO of Allianz Investment Management (AIM) U.S. and Chief Investment Officer of

Allianz Life, this role provides executive oversight of investment management for ~$165B in assets. The position is accountable for leading end-to-end investment capabilities across Asset Liability Management (ALM), Portfolio and Liquidity Management, Analytics & Reporting, Capital Markets, as well as external asset manager sourcing, oversight and engagement. This role shapes investment strategy for Allianz Life, makes significant discretionary decisions impacting portfolio performance and risk, and provides strategic insights for our insurance clients. The position partners closely with senior executive leadership and key internal stakeholders including from Actuarial, Corporate Risk Management, Finance, Product Development, Legal, Distribution, AIM SE and Allianz SE, as well as external stakeholders from PIMCO and other external asset managers, to support the sustainable, profitable growth of Allianz Life and other clients.

• Lead Investment Strategy & Portfolio Management: Define and execute investment strategy for ~$165B in assets, overseeing portfolio construction, asset allocation, and performance across all managed portfolios ensuring optimized performance, income, and liquidity. Ensure prudent processes, governance and compliance related to trading strategies.
• Oversee ALM & Strategic Asset Allocation: Direct Asset Liability Management (ALM) and Strategic Asset Allocation (SAA) to optimize asset liability alignment, total balance sheet capital efficiency, and other relevant financial KPIs in partnership with actuarial, finance and risk functions.
• Drive Capital Markets, Investment Insights & Manager Oversight: Develop investment strategies grounded in macroeconomic and capital markets analysis and deliver forward-looking insights to inform enterprise growth and executive decision-making. Develop affiliate and non-affiliate external asset manager strategy, and oversee asset managers, including selection, governance, and performance management.
• Govern Investment Analytics: Ensure robust analytics and reporting across portfolios, including performance, risk, and capital metrics. Perform regular market competitive analysis and maintain appropriate benchmark information. Continuously review, optimize and expand tech stack including AI applications to improve investment management decision-making processes.
• Leadership: Accountable for building a high-performing organization with strong leadership at all levels. Responsible for developing a comprehensive people strategy focused on fostering an inclusive environment, attracting and retaining top talent, maintaining strong employee engagement, and continuous employee and leadership development. Partner with leaders and key stakeholders across Allianz Life and global entities to drive alignment, governance, and outcomes.
• Utilization of artificial intelligence tools and resources (e.g. generative AI).

What you bring:

• 11+ years of experience required: Expertise and experience in investment management, including Portfolio Management, Capital Markets, Asset Management and ALM.
• Four year degree required: MBA, Finance, Accounting, Business Actuarial or equivalent.
• You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future. This includes holders of H-1B, H4, L-1, L-2, TN, OPT, CPT, and other nonimmigrant visas.

Job posting range: $300,000 - $405,000

Note the job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program. If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth. 

What we offer:

At Allianz Life, we're proud to provide a benefits package that supports the True Balance of our employees and their families. We offer: a choice of comprehensive medical, dental and vision plan options, flexible spending and health savings accounts, tuition reimbursement, student loan retirement program, generous annual paid leave, an outstanding 401(k) company match, and life insurance. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that is fair, caring, and inclusive. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we're routinely recognized as a top workplace employer. For additional information regarding What It's Like To Work Here | Allianz Life . 

102026 | Asset & Investment Management | Management | Allianz US Life | Full-Time | Permanent

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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. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and 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. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of race, 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.

Join us. Let's care for tomorrow. #LI-TD1

Note: Diversity of minds is an integral part of Allianz' company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.