JUNIOR RISK ANALYST - MARKET AND CREDIT RISK - Allianz - Milan

Job description

JOB PURPOSE/ROLE

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 covers the following areas of responsibility:

- Calculation and Analysis of Risk Capital results (through Internal Models and Standard Formula);

- Investment and ALM risk management;

- Development & parameterization of the model for Solvency II and internal steering purposes;

- Model Risk Management;

- Support a risk-based investment and business steering;

- Actively follow risk management topics in the following business processes (eg ALM, regulatory risk monitoring, strategy support);

- Design and calculation of regulatory and ad-hoc stress tests;

- Interaction and support to other teams (eg. Qualitative risk management);

- Interaction with business lines and actuarial functions;

- Support to internal and external risk reporting (eg. ORSA) to internal and external stakeholders.

KEY REQUIREMENTS/SKILLS/EXPERIENCE

- Master’s degree in quantitative economics/finance, statistics, actuarial sciences, or equivalent

- Knowledge of basic financial and credit risk metrics (eg. VaR, ES, Durations, etc.)

- Data Analysis basics

- Technical knowledge of programming languages such as Python, SQL or VBA

- Knowledge of insurance balance sheet or business would be an advantage

- Good communication and presentation skills

- Fluent in Italian and English, written and spoken