Risk Analyst Intern

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What you can expect

Contract type: Internship

Duration: 6 months

Start date: September 2026

Role and responsibilities

As a Risk Analyst Intern, you will support the Risk Management Function (Second Line of Defence) in monitoring, analysing and strengthening the Company’s risk profile within a regulated and fast paced environment. Your role will combine a strong focus on quantitative risk analysis with contributions to operational risk management, internal control and governance activities across Baloise Assurances Luxembourg S.A., Baloise Vie Luxembourg S.A. and Baloise Life Liechtenstein AG.

Under the supervision of the Chief Risk Officer, and with guidance from the Risk team, you will be entrusted with specific projects and processes to lead. You will also provide hands-on support in the team’s ongoing initiatives and daily operations.

As a Risk Analyst Intern, you will actively support the team in delivering key activities across several domains:

Contribute to the production and review of Quantitative Reporting Templates (QRTs) on a quarterly basis.
Support the involvement of the Second Line Risk Function into the SCR Market calculation, control and oversight.
Support the integration, documentation and execution of the Forward-Looking Solvency Position (FLSP) and Sensitivity modelling tool into the Risk Management Framework.
Support the implementation of the revised of Solvency II Framework (Pilar I, II and III) for our three regulated entities;
Support ALM (Asset-Liability Management) and investment risk monitoring.
Assist in second-line independent risk analysis, including validation checks and data quality reviews.
Support the team in the day-to-day execution of the Operational Risk Management and Internal Control Framework within the Organisation.
Collaborate with first line risk owners to ensure consistent application of the Risk Management Framework (identify, assess, manage, monitor, and report risks).
Participate in cross-functional initiatives related to risk culture, governance, and compliance.
Contribute to regulatory monitoring and implementation support in line with evolving EIOPA and Solvency II requirements.

What we expect

Currently pursing a Master’s degree in Risk Management, Finance, Actuarial Science or a related field.
Strong interest in quantitative risk analysis, financial risk modelling and risk frameworks within a regulated environment.
Basic knowledge of Solvency II is considered a strong asset.
Familiarity with the insurance or financial services sector is advantageous.
A collaborative team player with flexibility and the ability to thrive in a fast-paced environment.
Strong communication and presentation skills.
Fluent in English and French; German is considered an advantage.
Excellent analytical skills and attention to detail.
Proficient in Microsoft Office tools, especially Excel, Word, and PowerPoint.
The candidate must be legally authorized to work or undertake an internship in Luxembourg and, where applicable, hold all necessary authorizations, permits, or documents required by the applicable Luxembourg legislation.

About Baloise

We are more than a traditional insurance company: we are the personal partner for everyone who wants to feel simply safe. In addition to our traditional financial business, we are also broadening our range with ecosystems in the areas of mobility and home. We see the digital age as an opportunity to make our offering even more sustainable, innovative and customer-oriented in the future. Are you shaping it with us?

We give you the freedom to pursue your ideas. Get involved! Question us! Develop yourself and us even further! Our culture of learning and making mistakes as well as communication at eye level all make this possible. Because only together can we move forward.

Baloise in Luxembourg

As an employer

Sustainability

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Our Benefits

Our culture and our togetherness make us special. But it's clear that you're also interested in our benefits. Discover what you would receive joining Baloise in Luxembourg:

Well-being

Your health is close to our heart: That's why thanks to our health, well-being & sustainability programme, you can get regular ergonomic advice, enjoy massages, cook healthy meals, try decorative arts, experience meditation, … and benefit from the wide range of activities offered by our Sports club, Book club, Baloise big band and Baloise Golf Association.

Benefits from the financial world

Employee discounts on our own products - for a financial services provider this means: up to 40% discount on our insurance products . On top of that, there's an excellent pension fund with attractive 2nd pillar benefits and special employee shares.

Let’s not forget about your 13th month and meal vouchers too!

Flexible working models

We offer you:

Remote work up to 2 days per week (in the respect of the law for cross borders employees)
Flexitime (between 6 :00am and 10 :00pm)
Flex Office
35,5 days off per year

Health

We are there for you - even if you get sick or have an accident. At Baloise in Luxembourg, you will benefit from an accident insurance for both your professional and personal life.

In addition, all the employees can also benefit from a health insurance for themselves and their family.

Events

Our culture thrives on togetherness - even away from the daily office routine. Networking during our staff party or after-works, each event is a great opportunity to share moments together in an less formal way.

Learning & error culture

You catch us in a time of change. And of course, where new things are created, things go wrong sometimes - and that's okay. Because that's how we learn, develop, go new ways and strive for a healthy culture of mistakes. You can see how important continuous learning is to us from our numerous initiatives:

Time for learning during your working time
A development & training programme that is updated 3 times a year to propose new offerings
Trial days in other teams ("Shadow for a Day")
Temporary internal job changes ("Change of perspective")

Join us: Intern — Risk & Control Analyst

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