Risk Manager – Risk Factor Analysis Manager
Within Generali Asset Management the mission of the Risk Management Function is to identify, measure, control, and manage the risks arising from the Company's activities, processes, and systems in alignment with the Company's strategy and risk appetite.
The Risk Factor Analysis Unit is responsible for monitoring and assessing portfolio exposures across key risk dimensions, including market, credit, liquidity, and counterparty risks. The team provides risk analysis and reporting to the Investment and Risk Committees, performs ex-ante risk assessments and valuation reviews on a wide range of financial instruments, and contributes to the development and validation of valuation models, methodologies, and risk measurement frameworks.
Reporting to the Risk Factor Analysis Manager, the Analyst will be responsible for monitoring and analyzing the key risk factors impacting assets, portfolios and investment strategies, including market, credit, liquidity, concentration, counterparty and sustainability risks.
The role will be expected to:
- Perform regular risk assessments and identify emerging risk trends, concentrations and vulnerabilities both at asset and portfolio level.
- Develop and enhance risk models, methodologies and quantitative internal tools used for risk measurement and monitoring.
- Conduct stress testing, scenario analysis and what-if analyses to evaluate asset and portfolio resilience under adverse market conditions.
- Perform risk assessment on new investment opportunities, related to illiquid products and strategies, providing independent risk opinions and recommendations.
- Prepare high-quality risk reports and presentations for senior management, Investment Committees, Risk Committees and external stakeholders.
- Collaborate closely with Portfolio Managers, Investment Teams, Risk Advisory and Investment Control functions to ensure effective risk oversight and challenge.
- Support regulatory and governance requirements related to UCITS, AIFMD, Solvency II and other applicable frameworks.
- Drive innovation initiatives through the use of data analytics, automation and advanced risk management techniques.
- Contribute to the development of reporting solutions, dashboards and analytical tools using technologies such as Python, SQL, Power BI or equivalent platforms.
- Participate in model validation activities and continuous improvement of the Risk Management framework.
- Promote a strong risk culture across the organization.
- Interpret ex-ante and ex-post risk metrics, including VaR, Relative VaR, sensitivities and risk decomposition measures.
Requirements
- Bachelor's Degree in Economics, Finance, or a related field is required; a Master's Degree is considered a strong asset.
- Proven experience in risk analysis, with at least 5-7 years of relevant professional expertise.
- Strong expertise in quantitative risk methodologies and modelling, supported by a solid mathematical and analytical background.
- Advanced programming and IT skills, with hands‑on experience in data analytics, process automation, and innovative technologies,
including Python, SQL, Power BI, and AI‑enabled tools.
- Advanced proficiency in MSCI RiskMetrics is essential. Experience with Bloomberg is highly appreciated, while familiarity with MSCI LiquidityMetrics represents a plus.
- Fluent in English, both written and spoken.
- Ability to work independently and autonomously, delivering high-quality outputs with minimal oversight.
- Collaborative approach, complemented by strong interpersonal and communication skills.
- In‑depth knowledge of financial products, business processes, industry best practices, and regulatory requirements related to model risk management
The successful candidate will bring the following qualities and interpersonal skills:
- Well‑developed organizational capabilities, coupled with flexibility and the ability to navigate effectively across diverse business functions.
- Availability to undertake business travel as required.
- Strong team orientation, with excellent communication skills and a creative, solution‑focused mindset.
- Passion for continuous improvement, with a consistent focus on quality, efficiency, and delivery excellence.
- Ability to communicate with impact, both through written documentation and oral presentations.
- A highly structured approach to work, with excellent organizational and prioritization capabilities.
What we offer
The role is offered within the Quadro Direttivo category, under the National Collective Labour Agreement for the Banking Sector (CCNL Credito) and the applicable Company Collective Agreement (Contratto Integrativo Aziendale). The starting gross annual salary is €50.000. The final offer will reflect the candidate’s pro
The Risk Factor Analysis Unit is responsible for monitoring and assessing portfolio exposures across key risk dimensions, including market, credit, liquidity, and counterparty risks. The team provides risk analysis and reporting to the Investment and Risk Committees, performs ex-ante risk assessments and valuation reviews on a wide range of financial instruments, and contributes to the development and validation of valuation models, methodologies, and risk measurement frameworks.
Reporting to the Risk Factor Analysis Manager, the Analyst will be responsible for monitoring and analyzing the key risk factors impacting assets, portfolios and investment strategies, including market, credit, liquidity, concentration, counterparty and sustainability risks.
The role will be expected to:
- Perform regular risk assessments and identify emerging risk trends, concentrations and vulnerabilities both at asset and portfolio level.
- Develop and enhance risk models, methodologies and quantitative internal tools used for risk measurement and monitoring.
- Conduct stress testing, scenario analysis and what-if analyses to evaluate asset and portfolio resilience under adverse market conditions.
- Perform risk assessment on new investment opportunities, related to illiquid products and strategies, providing independent risk opinions and recommendations.
- Prepare high-quality risk reports and presentations for senior management, Investment Committees, Risk Committees and external stakeholders.
- Collaborate closely with Portfolio Managers, Investment Teams, Risk Advisory and Investment Control functions to ensure effective risk oversight and challenge.
- Support regulatory and governance requirements related to UCITS, AIFMD, Solvency II and other applicable frameworks.
- Drive innovation initiatives through the use of data analytics, automation and advanced risk management techniques.
- Contribute to the development of reporting solutions, dashboards and analytical tools using technologies such as Python, SQL, Power BI or equivalent platforms.
- Participate in model validation activities and continuous improvement of the Risk Management framework.
- Promote a strong risk culture across the organization.
- Interpret ex-ante and ex-post risk metrics, including VaR, Relative VaR, sensitivities and risk decomposition measures.
Requirements
- Bachelor's Degree in Economics, Finance, or a related field is required; a Master's Degree is considered a strong asset.
- Proven experience in risk analysis, with at least 5-7 years of relevant professional expertise.
- Strong expertise in quantitative risk methodologies and modelling, supported by a solid mathematical and analytical background.
- Advanced programming and IT skills, with hands‑on experience in data analytics, process automation, and innovative technologies,
including Python, SQL, Power BI, and AI‑enabled tools.
- Advanced proficiency in MSCI RiskMetrics is essential. Experience with Bloomberg is highly appreciated, while familiarity with MSCI LiquidityMetrics represents a plus.
- Fluent in English, both written and spoken.
- Ability to work independently and autonomously, delivering high-quality outputs with minimal oversight.
- Collaborative approach, complemented by strong interpersonal and communication skills.
- In‑depth knowledge of financial products, business processes, industry best practices, and regulatory requirements related to model risk management
The successful candidate will bring the following qualities and interpersonal skills:
- Well‑developed organizational capabilities, coupled with flexibility and the ability to navigate effectively across diverse business functions.
- Availability to undertake business travel as required.
- Strong team orientation, with excellent communication skills and a creative, solution‑focused mindset.
- Passion for continuous improvement, with a consistent focus on quality, efficiency, and delivery excellence.
- Ability to communicate with impact, both through written documentation and oral presentations.
- A highly structured approach to work, with excellent organizational and prioritization capabilities.
What we offer
The role is offered within the Quadro Direttivo category, under the National Collective Labour Agreement for the Banking Sector (CCNL Credito) and the applicable Company Collective Agreement (Contratto Integrativo Aziendale). The starting gross annual salary is €50.000. The final offer will reflect the candidate’s pro