MARKET AND CREDIT RISK - RISK ANALYST
Job Purpose & Role
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The Risk Management department of Allianz Italia is looking for a Market and Credit Risk Analyst to deal with investments/financial risk topics.
Key Responsibilities
The Market and Credit Risk Management team is responsible for the following activities:
- Calculation and analysis of Risk Capital results using both Internal and Standard models
- Investment and Asset-Liability Management (ALM) risk oversight
- Development and calibration of models for Solvency II and internal steering purposes
- Model Risk Management
- Support for risk-based investment decisions and business steering
- Design and execution of regulatory stress tests
- Collaboration and support across teams, business units, and actuarial functions
- Contribution to internal and external risk reporting (e.g. ORSA)
- Processes improvement and automation

Key Requirements / Skills / Experience




- Master's degree in quantitative finance, statistics, mathematics, physics, actuarial science, or a related discipline
- 3-5 years of experience in insurance or related fields, with a focus on risk management, actuarial topics, or investments is highly desirable
- Good understanding of Solvency II framework is preferable
- Excellent knowledge of Office 365
- Advanced proficiency in Python and SQL is required, while experience with VBA and/or other programming languages (e.g., C++) will be considered a valuable asset
- Fluency in Italian and English, written and spoken

Pursuant to Article 5(1) of Legislative Decree No. 96 of 7 May 2026, as amended and supplemented from time to time, the range applicable to the position offered is between € 37.000 gross and € 45.000 gross.
Employment will be subject to the terms and conditions set forth in the National Collective Labor Agreement for Insurance Companies and the applica

📌 Market And Credit Risk (Milano)
🏢 Allianz
📍 Milano