Investment Risk Manager

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Risk Management Function

The Risk Management function acts as a guarantor for the correct implementation of the risk management system within Generali Real Estate. It supports the Board of Directors and Top Management in the definition of risk management strategies and tools for risk identification, monitoring, management, and measurement. Through an adequate reporting system, Risk Management also provides the elements needed to assess risk exposures and the effectiveness of the end-to-end risk management system.

The Risk Management Function has overall responsibility for all risk management activities within its perimeter and applies Generali Investments policies and guidelines, ensuring risks are managed accordingly.

The function is structured to embed risk management into day-to-day business practices and support the business in growing safely. It provides oversight and guidance at Company level on all risk management matters, including:

- Coordinating the adoption of Generali Investments policies and guidelines and proposing risk policies and guidelines to the BoD;
- Implementing Risk Management activities;
- Proposing and applying risk assessment methodologies agreed with the Generali Investments Chief Risk Officer;
- Ensuring that investment activities are conducted consistently with relevant policies, limits, and mandates;
- Bringing risk perspectives into business processes in accordance with relevant guidelines;
- Supporting branches in measuring and mitigating operational risks.

Reporting to the Chief Risk Officer (CRO), the main responsibilities include:
- Supporting the CRO in the management of all investment risk matters;
- Providing an independent and consolidated view of the key financial risks affecting the Funds under management;
- Reviewing portfolio risk factors (including limits) and specific property risks;
- Contributing to the definition and implementation of the risk framework (e.g., risk policies, guidelines, models, investment processes, etc.);
- Providing risk assessments on Funds throughout their entire life cycle,



from inception to liquidation;
- Assessing risks at both asset and Fund level for proposed transactions;
- Monitoring risks and mitigation plans, and providing management reporting on key financial risks (e.g., KRIs, special situations, etc.);
- Participating in Risk Management Committees.

Main Tasks

1. Investment Risk

- Contribute to investment risk processes, including risk and control identification, measurement, management, monitoring, and reporting;
- Assess the consistency of Funds’ business plans with the real estate investment strategy and the system of limits, providing an opinion on the risk profile and potential impacts on the Fund;
- Monitor Funds’ Key Risk Indicators, direct and indirect investment exposures, and limits; escalate risk issues and coordinate, when necessary, the implementation of remediation and mitigation action plans;
- Assess real estate transactions by verifying consistency with the business plan and the system of limits, providing an opinion on the related risk profile and portfolio impacts;
- Evaluate risks related to new Funds to be launched;
- Perform risk reviews, maintain watchlists, contribute to transaction reviews, and present findings together with remediation and mitigation action plans to the relevant governance bodies;
- Perform second-level controls on real estate valuations;
- Promote sound investment risk management practices and strengthen risk and control culture across the Company, liaising with branch heads to identify missing procedures or controls.

2. Reporting
- Provide accurate managerial and regulatory reporting on significant investment risk issues to the relevant governance bodies.

3. Policies,



Methodologies and Procedures
- Contribute to the definition and implementation of investment risk policies, methodologies, and procedures, in line with Generali Investments CRO policies and applicable regulations.

Experience

- Experience in a similar role within an SGR or in the asset / Fund management risk management field, preferably in an international environment;
- Experience in the real estate / property sector is a prerequisite;
- Exposure to Italian, French and EU Fund Management regulations, particularly AIFMD;
- 7+ years of relevant professional experience are required.

Education

- Master’s degree (or equivalent) in Finance, with a focus on Asset Management, Risk Management, or a related discipline.

Skills and Expected Behaviors
- Strong knowledge and understanding of institutional real estate investments;
- Experience in portfolio management, asset management, capital markets, or acquisitions;
- Strong analytical, quantitative, investigative and reporting skills;
- Advanced financial modelling and analytical capabilities;
- Solid understanding of real estate industry risk management practices;
- Excellent written and verbal communication skills;
- Fluent in English; French would be considered an asset;
- Strong diplomatic skills and ability to gain broad stakeholder acceptance;
- Proficiency in MS Office applications, particularly Excel, PowerPoint and Word; knowledge of Power BI, Power Automate, Copilot Studio and Python would be a plus;
- Ability to interact effectively with demanding stakeholders at all levels of the organization;
- Well-organized, detail-oriented, rigorous and disciplined in the execution of work;
- Confident, enthusiastic and self-motivated, with sound judgment and integrity;
- Team-oriented, with the ability to work effectively in an international and multicultural environment;
- Hands-on, curious, flexible, thorough and results-oriented, with a strong client focus;
- Strong commitment to ethics and integrity;
- Willingness to travel when required.

Vedi l’offerta su Go Lavoro: golavoro.it/annuncio-lavoro/8jzot9