MARKET AND CREDIT RISK - RISK ANALYST

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 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 applicable Company Agreement.

The final determination of the starting remuneration will be based on an evaluation of the candidate’s qualifications, skills, and relevant experience in relation to the requirements of the role.

102281 | Risk Management | Professional | Non-Executive | Allianz Italy | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. 

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. 

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. 

Join us. Let's care for tomorrow.

Both genders may apply in accordance with the L. 903/77 (s.m.i).