We are looking for a Cyber Risk Consultant to join our team in Madrid, Spain. You will be part of the Allianz Risk Consulting (ARC) Cyber team, a specialist group of experts embedded within Allianz Commercial's global underwriting and risk engineering network. The team works at the cutting edge of cyber risk, helping large corporate clients across multiple international locations understand, manage, and reduce their cyber, AI, and digital risk exposures.

You will collaborate closely with Underwriting, Global Distribution, Claims, and Market Management colleagues, as well as directly with clients and brokers. You will bring your expertise to a role with real global reach — contributing to knowledge-sharing initiatives, product development, and client-facing consulting work that shapes how Allianz Commercial approaches the evolving cyber and AI risk landscape. As a Cyber Risk Consultant based in Madrid, you will be a trusted advisor to some of Allianz Commercial's largest and most complex corporate clients, helping them navigate the rapidly evolving world of cyber security, artificial intelligence governance, and digital resilience.

Reporting directly to the Global Head of Cyber Risk Consulting, you will conduct desktop risk reviews, cyber risk dialogues, and on-site engineering visits, delivering high-quality risk assessments and actionable recommendations. Your work will directly support global underwriters, strengthen client relationships, and contribute to the development of Allianz Commercial's cyber and AI risk products and services — making a measurable impact on the safety and resilience of businesses worldwide. You will perform cyber risk assessment desktop analyses of existing and prospective Allianz Commercial clients, evaluating exposures and risk mitigation controls, and delivering clear desktop assessment reports for clients and underwriting teams.

You will carry out cyber risk dialogues and on-site surveys with large corporate accounts, providing expert technical consultation on cyber, artificial intelligence, and digital risk exposures. You will analyses the ARC Cyber general portfolio, identify changing trends, and compile reports and insights to support business development and strategic decision‑making. You will implement best practices for cyber risk assessment in line with ARC processes and functional rules, and perform quality control on work provided by third parties.

You will appoint and monitor third‑party providers, ensuring adequate contracts and controls are in place and that quality standards are consistently met. You will develop and maintain strong working relationships with Underwriting, Claims, Marketing,



and Business Development colleagues, and provide technical training and presentations for internal and external stakeholders. You will actively support ARC Cyber projects related to Allianz Commercial’s transformation and digitalisation agenda, and contribute to white papers, articles, and knowledge‑sharing initiatives.

You bring a relevant academic background, ideally a Master’s degree or higher in Cyber Security, Computer Science, Information Technology, Engineering, or a related field. A Bachelor’s degree in Computer Science, Mathematics, Engineering, Physical Sciences, or equivalent practical experience will also be considered. You bring significant experience, ideally around 7 to 10 years, in the manufacturing industry or consulting, with expertise in Industrial Network Security, including Industrial Control Systems, Supervisory Control and Data Acquisition, and Distributed Control Systems.

You are experienced in conducting comprehensive risk assessments by leveraging external threat intelligence and attack surface data to quantify enterprise exposure and priorities remediation. You have delivered high‑quality cyber service engagements by assessing client security postures and providing actionable risk‑reduction recommendations. You have a strong understanding of cyber security tools and services, such as penetration testing, programming languages, malware assessment, and risk management frameworks.

A recognized cyber security certification such as CISSP, CISA, CRISC, or CISM would be an advantage, alongside experience in system and/or network security management. You have a solid understanding of complex IT infrastructures, cloud computing, Internet of Things, blockchain solutions, and artificial intelligence business applications. You are interested in applying artificial intelligence and machine learning to improve business processes and are comfortable using AI‑driven insights to support better outcomes.

You are fluent in Spanish and English; fluency in Portuguese would be a strong advantage. As part of Allianz Commercial's strategic partnership with Coalition, one of the leading cyber insurance and security providers, this role is expected to become part of Coalition's operating model in the future.



While the timing of any transition is still being finalized, candidates should be aware that employment may transfer from Allianz Commercial to Coalition at a later stage.

Should such a transition take place, the role will continue to focus on supporting cyber insurance business associated with Allianz Commercial's clients and distribution network. For Spain, the base salary range for this position is between EUR 59,687 and EUR 72,951 (for a full‑time role). In addition to your base salary, we offer an attractive performance‑based variable component based on location specific regulations, and you may be eligible for additional benefits. | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent What's in it for you?

We offer a hybrid working model, which recognizes the value of striking a balance between in‑person collaboration and remote working. Please feel free to discuss flexible working arrangements with us. We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered. From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach.

Allianz

Commercial is the center of expertise of Allianz Group, insuring mid‑sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family‑owned and medium‑enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.

Allianz

Commercial helps customers to prepare for what's ahead. 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 matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of 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.

📌 Senior Cyber Security Risk Analyst (Madrid)
🏢 Allianz Commercial
📍 Madrid