Our client is Generali Asset Management, a European investment specialist, offering a wide range of active funds and bespoke solutions across both public and private markets. Their investment experience is grounded in a solid heritage, with skills that have been developed and honed over time by managing Generali Group and external clients' assets. We are looking for a:

Financial Risk Manager - Factor Analysis Unit

Main responsibilities

The candidate will report to the Head of Risk Factor Analysis and will be responsible for monitoring, analysing and assessing the key risk factors affecting portfolios and investment strategies, ensuring independent risk oversight, regulatory compliance and the continuous enhancement of risk management methodologies and tools.

MAIN RESPONSIBILITIES

Monitoring and analysing key risk factors impacting assets, portfolios and investment strategies, including market, credit, liquidity, concentration, counterparty and sustainability risks;
Performing regular risk assessments and identifying emerging risk trends, concentrations and vulnerabilities at both asset and portfolio level;
Developing and enhancing quantitative risk models, methodologies and internal tools for risk measurement and monitoring;
Conducting stress testing, scenario analysis and what-if analyses to assess portfolio resilience under adverse market conditions;
Assessing new investment opportunities, including illiquid products and strategies, providing independent risk opinions and recommendations;
Preparing risk reports and presentations for Senior Management, Investment Committees, Risk Committees and external stakeholders;
Collaborating with Portfolio Managers, Investment Teams, Risk Advisory and Investment Control functions to ensure effective risk oversight;
Supporting regulatory and governance requirements related to UCITS, AIFMD, Solvency II and other applicable frameworks;
Driving innovation initiatives through data analytics, automation and advanced risk management techniques;
Contributing to the development of reporting solutions, dashboards and analytical tools using Python, SQL, Power BI or equivalent platforms;
Participating in model validation activities and supporting the continuous improvement of the Risk Management framework.

Candidate profile

Master’s or Bachelor's Degree in Economics, Finance or related disciplines;
At least 5-6 years of experience in risk analysis within asset management, financial institutions or investment environments;
Strong expertise in quantitative risk methodologies, modelling techniques and financial risk analytics;
Strong quantitative and financial background, with solid expertise in financial products, investment processes, and risk management practices;
Advanced proficiency in MSCI RiskMetrics;
Strong analytical and technological skills, including proficiency in Python, SQL and Power BI, experience with Bloomberg, familiarity with MSCI LiquidityMetrics, and the ability to leverage AI-enabled tools and automation techniques within risk management processes;
Good understanding of regulatory frameworks including UCITS, AIFMD and Solvency II;
Ability to interpret and analyse ex-ante and ex-post risk measures, including VaR, Relative VaR, sensitivities and risk decomposition indicators;
Excellent communication, interpersonal and organizational skills, with the ability to effectively manage multiple priorities, collaborate across functions, and drive continuous improvement through a proactive and detail-oriented approach.
Fluent English, both written and spoken.

Location

Milan, with possibility of hybrid working

Compensation Package

The position will be hired as Quadro Direttivo, CCNL Credito, with a gross annual salary starting from € 50.000. The final compensation and contractual package will be determined based on objective criteria, including the candidate’s experience, skills and overall fit with the requirements and responsibilities of the role. The package is complemented by competitive benefits, in line with leading market standards.

Generali is proud to be an inclusive employer that considers applicants regardless of gender, gender identity, sexual orientation, ethnicity, disability, religion, political views, marital status or philosophy of life.