Non-Financial Corporate Rating Analyst Milano

Non-Financial Corporate Rating Analyst
Milano
Lombardia, Milano

Generali is a major player in the global insurance industry - a strategic and highly important sector for the growth, development and welfare of modern societies.

Over almost 200 years, we have built a multinational Group that is present in more than 60 countries, with 470 companies and nearly 80, 000 employees.

Our Group aims to become the standard bearer and industry leader in the European retail insurance market, building on our existing base of 50 million retail clients, out of an overall total of 72 million. .

Our Business Unit plays an integral part in the success of the Generali Group, building on our diverse competences, on our widely spread geographical presence and on our deep values.

With over 1, 900 employees and offices in over 10 countries worldwide, we believe we are a very solid player in the Asset and Wealth Management market.

As a Business Unit, our culturally and geographically diverse team has a lot to build on: you can find out by delving deeper into some of our main retail clients, out of an overall total of 72 million.

The Asset & Wealth Management Risk meets the need to guarantee continuous monitoring of the most significant risks to the Company's business and has no operational duties and is solely devoted to guarantee effective risk control.

The Group Internal Credit Rating Unit is responsible for the analysis and assignment of issuers/securities internal ratings.

The Credit Rating Analyst will be responsible for the analysis and assessment of non-financial corporates creditworthiness (mainly large European and US blue-chips) and, specifically, of their ability to repay financial obligations based on the analysis of the borrower's credit profile.

The assessment will also translate in the assignment of internal credit ratings and the issuance of a credit rating opinion.

S/He will also support the Head of the Unit in developing and executing the enhancement and maintenance of the credit rating framework and reinforcing risk management capabilities to ensure internal and regulatory compliance.

In addition, important part of the responsibilities will include update of credit rating methodologies and oversight of analytical and IT tools serving the credit rating assessment.

The resource will perform complex analysis to identify opportunities to effectively measure risk and implement decision rules and policy consistent with the firm's strategy.

Main activities:

- Day-to-day management of internal credit rating assignment for non-financial corporates borrowers.

Perform credit analysis on a large number of issuers as well as peers comparison across the managed rating portfolio

- Liaise with and support stakeholders (CIO/CFO/BUs) to timely facilitate clarification of questions regarding the rating methodologies and implications on decision-making process

- Effectively cooperate with appropriate compliance functions and model risk stakeholders across the enterprise

- Cooperate as necessary and appropriate with other stakeholders and support the Head of function to develop, maintain, and manage a centralized rating tool and model inventory, rating model documentation library (e. g.

tracking validation work streams, tracking status of outstanding model risk, etc.

)

- If requested, interface with internal and external auditors and regulators

- Being well-informed at all times of industry and regulatory trends and best practices and credit risk management

- Production and maintenance of robust analytical and process documentation in order to satisfy the Generali internal and external approval bodies

**Requirements**:

- Master's Degree desired, BA/BS in Economics, Finance or related field required

- Significant existing knowledge and experience with corporate accounting.

Capability to identify and analyze accounting items and understand their meaning/significance in the context of a company's financial statements.

Knowledge of corporate finance practices or experience in credit rating assignment will be considered a strong plus

- Understanding of credit risk indicators (PD, LGD)

- Fluency in English (written and spoken); knowledge of a second foreign language (French and/or German) will be considered a plus

- Be able to work autonomously to ultimately deliver a final product without any oversight

- Have a collaborative mind-set with strong interpersonal skills.

Advanced project management and presentation skills, excellent verbal and written communication

- Possess strong knowledge of financial products, business processes, and industry best practices and regulatory requirements for model risk management

Soft Skills:

- Advanced ability to comfortably communicate at all levels of the organization

- Proficiency in performing multiple tasks and dealing with changing deadline requirements is a "must-have" skill

- Project management

- Proven effectiveness in interacting with and reporting to senior management

- Interpersonal skills and ability to work in an international team.

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