Structured Credit Internship

Together, we engage with everything we have and are, to help humankind act braver and better.

About Great Lakes Insurance SE:

Munich RE via its Primary Insurance entity Great Lakes Insurance SE has been continuously growing its “credit business” over the last decade with significant further growth ambitions for the coming years. One key area for growth is providing credit risk transfer / regulatory capital relief solutions to financial institutions. In order to achieve Munich RE’s growth ambition in this area, we are building up a heterogenous, multi-talent team of experts with credit experience (capital market, lending, banking and/or insurance) from diverse backgrounds such as finance/MBA, CFA, mathematics/actuaries and lawyers

As specialty provider of primary insurance services in the Irish Branch of Great Lakes Insurance SE (“GLIR”) is an integral part of Munich RE group. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia. 

About the role

Are you in your penultimate or final year of your qualification and looking to gain hands-on experience in structured finance? Join our Dublin-based Structured Credit team for an exciting 3 month internship (Summer 2026) where you'll work alongside experienced professionals and contribute to real-world credit transaction business.This internship offers a unique opportunity to learn about synthetic securitization transactions with exposure to a wide range of loan types; from consumer (e.g., mortgages, auto loans, credit cards) to corporate (e.g., SME, commercial real estate, receivables, and leveraged finance).

Key Responsibilities: 

• Assist with surveillance of structured credit transactions and credit portfolio monitoring tasks.
• Support data quality analysis and portfolio data visualizations for structured credit transactions.
• Run a credit market data analysis project for the team.
• Assist in underwriting structured credit portfolio transactions, with a focus on synthetic securitizations for European banks.
• Help prepare credit memos that summarize transaction analysis and support investment decision-making.
• Learn about relevant regulations and industry trends in structured finance.

Competencies:

• Nimble learning (we think big) – you actively learn by tackling new problems and trying out new solutions, quickly learning from both successes and failures.
• Collaborates (we lead the ‘we’) – you work together with others in your team, the department and wider business (where relevant) to meet shared commitments.
• Optimises work processes (we grow with our clients) – you know the most effective and efficient processes to get things done and are constantly assessing how they can be improved.
• Resourcefulness (we care and dare) – you find a way to get things done with the best use of the resources available to you, knowing when to ask for support from others, but also offering your support to others where you feel your expertise, knowledge and skills can add value.
• Communicates effectively (we are clear and authentic) – you communicate clearly and appropriately with your audience. You also share ideas, learn from others and keep stakeholders informed about progress, problems, opportunities and solutions, soliciting feedback along the way.

Key Skills & Experience:

• You have an interest in structured finance, credit analysis, and financial modelling.
• You’re analytical, detail-oriented, and eager to learn in a fast-paced environment.
• Prior coursework or experience in banking, risk management, or investment analysis is a plus.

Desired Qualifications and Educational Background: 

• You’re currently pursuing a qualification in an actuarial, quantitative finance, mathematics, or a related field.

Thought Leaders:

• You will demonstrate inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
• You will treat your colleagues and sales and business partners fairly and with respect.

Regulatory & Conduct Requirements:

• Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules

Diversity, Equity & Inclusion:

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.

You will treat your colleagues and sales and business partners fairly and with respect.