Head of Risk

Generali Assicurazioni; Milano; In loco; EUR 80.000 - 120.000; Tempo pieno

Descrizione del lavoro

An international insurance firm in Milan seeks a Head of Risk to join their Risk Engineering team. This role is essential for ensuring integrated risk management across the organization, supporting strategic initiatives, and managing stakeholder relationships. The ideal candidate possesses over 7 years of experience in the insurance market with a strong background in risk management and actuarial functions. Fluency in Italian and English is required.

Competenze

• 7+ years experience in Insurance Market, with risk/actuarial function knowledge.
• Knowledge of Solvency 2 and IFRS 17 is favorable.
• Understanding of insurance business processes.

Mansioni

• Ensure risk strategy is embedded in business processes.
• Provide oversight of strategic projects and business volatility.
• Manage relationships with internal and external stakeholders.

Conoscenze

Strong communication skills

Proactive attitude

Quantitative analytical mindset

Problem-solving skills

Fluency in Italian

Fluency in English

Formazione

Studied Actuarial Science, Mathematics, or Statistics

Descrizione del lavoro

Overview

For the Central Team of Generali Global Corporate & Commercial (GC&C), we are looking for a Head of Risk to join our Risk Engineering team. This role includes guaranteeing an integrated risk management system for Global Corporate & Commercial through the definition of the risk strategy, including risk appetite. Through the identification, monitoring and reporting of risk you will also support the management of the capital model.

Responsibilities

• Ensure the embedding of risk strategy into the business processes, aligning central and local initiatives
• Provide risk management oversight of key strategic projects and monitor the volatility and risk-adjustment performance of GC&C business, both on new initiatives as well as on the in-force portfolio
• Ensure the consistency of the local evaluation, perform the central consolidation and manage the reporting of the risk capital profile of GC&C on a regular basis
• Asses the GC&C Risk profile both in regulatory and managerial view and assure the alignment with GC&C business strategy and risk appetite, also through delivering specific KRIs
• Support the implementation of new legislations with an impact of GC&C Business in order to assure the consistency with Group Guideline and local legislation
• Support GC&C in the new Group strategical plan assuring consistency with the risk appetite framework
• Support and provide risk opinion (if needed) for GC&C strategical initiatives and evaluate mitigation actions (if required), also in collaboration with Local CROs;
• Support the design and maintenance of the reinsurance strategy
• Manage and maintain relationships with internal (GBA, UKB and Group Risk Management function) and, if any, with external stakeholders, included Supervisors (directly or through other Group functions)
• Collaborate with GRM and GBA Risk Team in the development of initiatives (innovative approach to manage risk, model changes, authority requests…) where GC&C business is significant in the respect of Generali Group
• Member of the Generali Group Risk Community and GBA Risk Community, supporting potential cross boarder initiative

Qualifications

• +7 years experience in Insurance Market, with experiences in risk/actuarial function, CFO or technical non life insurance area
• Solvency 2 and IFRS 17 technical knowledge, particularly in respect of P&C Business is welcome, as previous experiences in reinsurance, parametric business and ART
• Studied Actuarial Science, Mathematics or Statistics or other quantitative disciplines, e.g. Engineering, Physics etc
• Insurance business processes knowledge
• Communicates effectively and appropriately
• Acts with proactivity and passion for excellent performance
• Simplifies tasks, quickly adapts to new situations and makes strategic decisions
• Embraces differences to make innovation happen
• Demonstrates an awareness of, and sensitivity to the needs and concerns of individuals from different cultures
• Quantitative, analytical mindset, problem solving skills
• Must be fluent in Italian, English, additional languages are an advantage