Intern Product Development & Capital Markets

This role is based in Frankfurt.

About The Job

We are currently seeking a forward-thinking and results-oriented Intern (f/m/d) to join our Product Development EU team within the Products function. The internship is offered as a full-time, fixed-term contract (39 hours/week) for a duration of 6 months, starting in September 2026.

In this role, you will contribute to the development of public market investment vehicles across Europe, including our global fund range based in Luxembourg. The team covers the full product lifecycle—from idea generation to market launch—and collaborates closely with Distribution, Investments, and Operations teams. You will work in an international environment with colleagues in Frankfurt, London, and Paris, gaining exposure to capital markets, financial instruments, client needs, and regulatory frameworks.

What You Will Do

• Participate in the development of new investment products, supporting activities from ideation through to market launch
• Maintain and coordinate the product launch pipeline documentation
• Manage and update the global product database independently
• Prepare internal presentations for product-related meetings
• Conduct market analysis and prepare relevant reports
• Maintain and update product-related templates
• Contribute to innovation and ideation initiatives within the team
• Support product developers in project management tasks across the development lifecycle
• Support ETF capital market setup, including pre-trade analysis and monitoring of authorized participants and market makers
• Assist in monitoring creation and redemption activities as well as basket accuracy
• Prepare recurring capital markets reporting, including activity summaries, spread analysis, and liquidity monitoring.

What You Bring

• Advanced bachelor’s or master’s degree in business administration, finance, economics, or a related quantitative field
• Strong interest in asset management; prior experience in the investment industry is a plus
• Basic understanding of capital markets and financial instruments
• Strong analytical skills with high attention to detail
• Ability to manage multiple tasks and deliver results within tight deadlines
• Confidence in working independently and collaboratively in an international environment
• Strong communication skills, both written and verbal
• Very good English skills; German language skills are an advantage
• Advanced skills in Microsoft Excel and PowerPoint; familiarity with Bloomberg or LSEG Workspace is a plus
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices.

What We Offer

• A dynamic and collaborative international working environment
• Exposure to the full lifecycle of investment product development
• Opportunities to gain hands-on experience in capital markets and asset management
• Learning and development opportunities within a global organization
• A supportive team culture focused on innovation and professional growth.

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.

About Allianz Global Investors

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.