Job description
Generali Investments Luxembourg S.A. (GIL) is recruiting a Chief Risk Officer (CRO) for its executive team in Luxembourg. As Conducting Officer in charge of Risk Management and Permanent Risk Management Function (PRMF), the CRO will focus on risk governance and regulatory compliance across UCITS and AIFM platforms, in accordance with CSSF Circulars 11/512,18/698,19/733,20/752, CSSF Regulation 10-4, Delegated Regulation (EU) 231/2013, and ESMA guidelines as well as any other relevant regulations.
The candidate should have extensive experience with tradable and private assets used across all types of investment strategies, securitization, and financial instruments.
Responsibilities
also include oversight of delegates and operational risk management.
- Lead, develop and manage the department of aprx. 12 people
- Appointed Conducting Officer in charge of Risk Management (and other functions) in line with CSSF regulations and the Permanent Risk Manager Function (PRMF)
- Design, implement and maintain the risk management framework, policies and procedures covering all relevant risk categories (market, credit, liquidity, operational, counterparty, ESG, etc.)
- Oversee risk monitoring processes and reporting for all funds under management and ensure alignment with regulatory requirements and internal risk appetite
- Ensure full compliance with all Luxembourg applicable regulatory requirements
- Support onboarding new funds, investments and partners from a risk perspective
- Review and challenge investment proposals, portfolio exposures and risk limits, balancing regulatory compliance with business needs
- Ensure robust control frameworks for delegated functions (e.g., portfolio management, central administration, depositary, distribution).
- Oversee operational risk frameworks, including outsourcing risk, IT infrastructure, business continuity, and internal control systems. Align local practices with Generali Investment’s-wide standards while maintaining regulatory integrity
- Collaborate with various Generali Investment’s functions (risk, compliance, operations, investments, etc.) to ensure consistency in standards, methodologies and reporting
- Report regularly to the CEO, Board of Directors, Senior Management and regulators on risk matters, breaches and mitigation measures
- Communicate risk topics clearly to both technical and non-technical stakeholders
- Contribute to governance by participating in internal committees
- Maintain dialogue with CSSF and external auditors as required
- Respond to internal queries supporting investor requests, reporting and decision-making
- Keep abreast of regulatory and industry developments, ensuring timely updates to the risk management framework