Intern - Operational Risk Management Transformation (f/m/d)

We are currently looking for an Intern to join the Operational Risk Management Transformation Team! The position will be based in our Munich office. About the Job This role is embedded within the Operational and Business Risk Management function at AllianzGI. The team is responsible for supporting a strong and effective control environment for Operational and Business Risk. As part of this role, you will contribute directly to a key transformation initiative: the implementation of an AI-driven risk management tool and the migration of control-related data into the new platform. You will work closely with Risk Management and risk vector owners across the business to improve test procedures, operational procedures, and overall control quality. By supporting improvements in the efficiency, consistency, and usability of the broader control framework, you will help strengthen governance, support regulatory and audit readiness, and enhance the way controls are documented, managed, and monitored across AllianzGI. What you do * Support the implementation, setup, and configuration of an AI-driven risk management tool within the control environment * Work closely with Risk Management and risk vector owners to review, rewrite, and improve control test procedures to ensure clarity, consistency, and audit readiness * Assist risk vector owners in reviewing and enhancing operational procedures linked to controls to improve quality and usability * Support the migration of control and process data from Archer into the new platform, including data preparation, mapping, validation, and clean-up * Help document requirements, identify gaps, and contribute to the ongoing optimization of control management processes * Apply structured prompting and critical thinking to support the effective use of AI-enabled tools in control documentation and testing. What you bring * Bachelor (3rd semester or beyond) or Master student in Business Administration, Information Systems, Information Technology, Audit, Risk Management, or a related field * Strong interest in governance, risk, controls, audit, and operational processes * Solid understanding of internal controls, control documentation, or audit-related concepts * Experience in an audit environment is highly desirable * Ability to collaborate with different stakeholders and support control owners in improving procedures and documentation * Proficiency in Microsoft Office tools; experience with governance, risk, or control platforms is a plus * Interest in Artificial Intelligence and understanding of how effective prompting can support documentation and control-related work * Proficiency in English is required; German is a plus * Ability to use Claude and Microsoft Copilot, with a strong commitment to ethical and responsible AI practices * Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices. What we offer * Balanced work environm