
Actuary Risk Manager - Internal Model Validation
Generali Italia • Milan, Lombardy, Italy
Role & seniority
- Life Actuary / Risk Manager (mid-to-senior level) within Country Chief Risk Officer area
Stack/tools
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MS Office
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Prophet or similar actuarial software (plus)
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Knowledge of Solvency II requirements and Life insurance risk measurement
Top 3 responsibilities
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Lead and support validation activities for the Internal Model (scoping, planning, monitoring)
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Perform quantitative and qualitative validation tests of inputs, assumptions, and methodologies; prepare Validation Reports
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Identify improvement areas, oversee remediation by Model Users; collaborate with stakeholders to strengthen framework and controls; contribute to Risk Management framework evolution
Must-have skills
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Master’s degree in actuarial science, statistics, or mathematics
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≥5 years actuarial or risk management experience
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Strong Life insurance knowledge, risk measurement, and Solvency II familiarity
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Excellent analytical/problem-solving, ability to work independently, prioritize, and deliver under pressure
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Strong interpersonal/communication skills; fluent English (B2+)
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Proficiency in MS Office
Nice-to-haves
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Actuarial certification
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International exposure (study/work/personal)
Location & work type
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Based in Milan, Rome, or Trieste
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Full-time role within Generali Italia / Essere Partner di Vita environment
Full Description
We are looking for an experienced Life Actuary / Risk Manager to join the Country Chief Risk Officer area. In this role, you will play a key part in validating the Internal Model under the Solvency II Directive, ensuring its accuracy, reliability, and continuous improvement.
The role can be based in Milan, Rome, or Trieste
Your Responsibilities Lead and support validation activities for the Internal Model, including scoping, planning, and ongoing monitoring Perform quantitative and qualitative validation tests to verify model inputs, assumptions, and methodologies Identify areas for improvement and oversee remediation actions implemented by Model Users Prepare comprehensive Validation Reports and related documentation for different audiences Collaborate with local and Group stakeholders to strengthen the validation framework and optimize controls Contribute to the evolution of the Risk Management framework on a broader scale
Requirements Master’s degree in actuarial science, Statistics or Mathematics Minimum 5 years of experience in actuarial or risk management roles Strong knowledge of Life insurance business, risk measurement, and Solvency II requirements Excellent analytical and problem-solving skills Ability to work independently, prioritize tasks, and deliver under pressure Strong interpersonal and communication skills; fluent in English (B2 or higher) Proficiency in MS Office; experience with Prophet or similar actuarial software is a plus
Nice to Have Actuarial certification International exposure (study, work, or personal experience)
Company Profile
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 70 milioni di clienti
Siamo tra i principali player globali del settore assicurativo: l’innovazione e la sostenibilità sono nel nostro DNA Generali Italia conta oltre €28 miliardi di premi totali e una rete capillare di 40 mila distributori, oltre ai canali online e di bancassurance. 15 mila dipendenti, €120 miliardi di asset under management. A Generali Italia fanno capo Alleanza Assicurazioni, Das, Leone Alato, Genertel, Generali Welion e Generali Jeniot.
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 ci si sente accolti, liberi 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
Entra a far parte della nostra squadra, non esitare a candidarti subito!