Chief Risk Officer

Generali Investments Luxembourg S.A. (GIL) is recruiting a Chief Risk Officer (CRO) for its executive team in Luxembourg. As Conducting Officer in charge of Risk Management and Permanent Risk Management Function (PRMF), the CRO will focus on risk governance and regulatory compliance across UCITS and AIFM platforms, in accordance with CSSF Circulars 11/512,18/698,19/733,20/752, CSSF Regulation 10-4, Delegated Regulation (EU) 231/2013, and ESMA guidelines as well as any other relevant regulations.

The candidate should have extensive experience with tradable and private assets used across all types of investment strategies, securitization, and financial instruments. Responsibilities also include oversight of delegates and operational risk management.

• Lead, develop and manage the department of aprx. 12 people

• Appointed Conducting Officer in charge of Risk Management (and other functions) in line with CSSF regulations and the Permanent Risk Manager Function (PRMF)

• Design, implement and maintain the risk management framework, policies and procedures covering all relevant risk categories (market, credit, liquidity, operational, counterparty, ESG, etc.)

• Oversee risk monitoring processes and reporting for all funds under management and ensure alignment with regulatory requirements and internal risk appetite

• Ensure full compliance with all Luxembourg applicable regulatory requirements

• Support onboarding new funds, investments and partners from a risk perspective

• Review and challenge investment proposals, portfolio exposures and risk limits, balancing regulatory compliance with business needs

• Ensure robust control frameworks for delegated functions (e.g., portfolio management, central administration, depositary, distribution).

• Oversee operational risk frameworks, including outsourcing risk, IT infrastructure, business continuity, and internal control systems. Align local practices with Generali Investment’s-wide standards while maintaining regulatory integrity

• Collaborate with various Generali Investment’s functions (risk, compliance, operations, investments, etc.) to ensure consistency in standards, methodologies and reporting

• Report regularly to the CEO, Board of Directors, Senior Management and regulators on risk matters, breaches and mitigation measures

• Communicate risk topics clearly to both technical and non-technical stakeholders

• Contribute to governance by participating in internal committees

• Maintain dialogue with CSSF and external auditors as required

• Respond to internal queries supporting investor requests, reporting and decision-making

• Keep abreast of regulatory and industry developments, ensuring timely updates to the risk management framework

Education & Experience

• Minimum 15 years of experience in risk management within asset management sector

• CSSF approved function and conducting officer role

• Master degree in Finance, Economics, Risk Management, or related field; postgraduate qualifications and/or professional certifications (FRM, PRM, CFA) are an asset

• Proven track record designing and overseeing risk management frameworks in line with UCITS and AIFMD requirements; regulated and non-regulated products

• Strong knowledge of CSSF regulations, ESMA guidelines and Luxembourg fund industry practices

• Ability to balance regulatory obligations with pragmatic business needs

• Excellent interpersonal and communication skills; proven team leadership experience, able to translate complex risk concepts for boards, committees and business teams

• Strong analytical and problem-solving skills, with a collaborative and constructive mindset

Technical Skills:

• Ability to interact with a variety of partners globally and to build partnerships of trust

• Solid analytical skills and ability to rapidly comprehend complex issues

• Extensive knowledge of the fund industry (AIFM and UCITS) and different Company structures

• Strong knowledge of various risk systems

• Ability to deliver sound opinion and to present solutions with impact

• Project Management skills to focus on key aspects in the face of complexity and time constraints

• Willingness to learn new things and to look into a broad range of topics

• Goal oriented, self-driven flexible

Languages:

• Fluent in English (oral and written); the knowledge of French or Italian is considered as a plus

Soft Skills:

• Excellent communications skills, both verbal and written

• Ability to detail technical information in order to produce concise and effective presentations

• Solution oriented

• Excellent attitude for analytical analysis and creativity

• Proactive approach and team player

• Highly motivated, multi-tasking, able to work efficiently under pressure

• Ability to work in an international and multicultural environment

• Taking ownership of tasks, excellent prioritization skills and a hands-on attitude

• Strong sense of integrity and ethics

Essere Partner di Vita è la nostra ambizione: ogni giorno vogliamo essere al fianco dei nostri clienti prendendoci cura delle loro vite e dei loro sogni. Questo per noi è Più di un Lavoro.

Siamo parte di un importante Gruppo internazionale con oltre 82 mila persone in tutto il mondo e più di 68 milioni di clienti. Siamo tra i principali player globali del settore assicurativo: l’innovazione e la sostenibilità sono nel nostro DNA. Generali Italia è l’assicuratore più conosciuto in Italia con oltre Є28 miliardi di premi totali, 15 mila dipendenti e una rete capillare di 40 mila distributori, oltre ai canali online e di bancassurance. A Generali Italia fanno capo Alleanza Assicurazioni, Das, Genertel e Genertellife, Generali Welion, Generali Jeniot e Leone Alato, oltre alle attività della Business Unit Cattolica.

Il Gruppo Generali offre delle interessanti opportunità di arricchimento professionale in un contesto lavorativo caratterizzato da:

Cultura aziendale solida e aperta, modi di lavorare innovativi, formazione e affiancamento a supporto di un inserimento efficace Ambiente di lavoro inclusivo in cui ognuno si sente accolto, libero di esprimere al meglio la propria identità, le proprie idee e le proprie capacità: perché siamo Più che diverse, Persone Uniche Qualità dei processi e iniziative per le nostre persone, che ci distinguono come Top Employer.