Risk Manager – Risk Factor Analysis Manager

Within Generali Asset Managementthe mission of theRisk 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.