Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Structured Credit / Quantitative Analyst - Intern (m/f/d*)

Location Munich, Germany Job type Full-Time Work mode On-site Job level Internship & Working Student Job ID 13622 Company Munich Re Employment type Temporary Area of expertise Actuarial & Risk Management
Apply Now

Munich Re’s Structured Portfolio Solutions (SPS) team underwrites banks’ portfolios of credit risk, such as residential mortgage loans, corporate loans or consumer loans worldwide. Underwriting those portfolios requires extensive quantitative and qualitative risk assessment in order to derive several parameters for the final risk modelling. One such transaction typically takes 2–12 weeks from start to finish, meaning interns can follow a transaction through its entire lifecycle. SPS business sits at the intersection of insurance & banking/investment. This internship offers the unique opportunity to get first-hand insights into the world of (credit) risk transfer business which normally takes place behind the curtain as this is a fully private, non-public market.

Your Job

  • Assist in underwriting structured credit portfolio business worldwide with a focus on Europe
  • Assist with the development of models for the analysis of credit pools as well as database driven cash flow modelling
  • Analyse, price and monitor loan portfolio transactions applying existing, but complex analysis models
  • Assist in developing our pricing model in python further to react to new client requirements
  • Assist in writing a credit memo for internal deal approval and inspect legal contracts
  • Market research (S&P, Moodys, Bloomberg, etc.) and benchmarking of a deal against the broader portfolio
  • Work closely with experienced colleagues to gather knowledge and experience about structured credit markets

Your Profile

  • Student with quantitative focus (e.g. mathematics, statistics, actuarial science, physics, computer science, or economics/finance with real analytical depth)
  • Experience and interest in programming (e.g. Python, R, VBA, SQL)
  • Fluent in English
  • Intrinsically motivated, curious team player with a positive attitude
  • Working collaboratively and effectively in an international group
  • Minimum duration: 6 months, switch to working student afterwards / in between potentially possible; start date: flexible between August 2026 and July 2027
  • No credit risk experience required Students from countries outside the EU require a German residence-/work permit. The first master's degree may not have been completed before/during the entire internship.


About us

As the world's leading reinsurance company with more than 16,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.

Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.
Sounds like you? Push boundaries with us and be part of Munich Re. Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below. 

Unlock your potential

  • Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
  • Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
  • Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Münchener Rückversicherungs-Gesellschaft

Oksana Kern / Nina Hartmuth • Coordination Students Program
* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunity employer. Severely disabled candidates will also be prioritised, if equally qualified.

Apply Now

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.