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Risk Analyst - Investment Pricing

Job in 20122, Milan, Lombardia, Italy
Listing for: Allianz
Full Time position
Listed on 2026-08-11
Job specializations:
  • Finance & Banking
    Financial Analyst, Risk Manager/Analyst, Financial Compliance, Corporate Finance
Job Description & How to Apply Below
The Pricing Monitoring Unit is part of the Risk Management Department of Allianz S.p.A. and operates as a second line of control function. The function is part of the Market & Credit Risk & PMU team, and  is responsible for the independent oversight and validation of pricing methodologies applied to financial instruments and alternative assets, ensuring consistency with market practice and regulatory expectations.

The unit plays a key role in supporting sound risk governance by liaising with the investment department, external asset valuators, and relevant internal Committees, and by providing robust analytical evidence to senior stakeholders.

KEY RESPONSIBILITIES Extrapolate and critically assess financial data and methodology documentation to support independent pricing oversight

Validate the consistency of pricing methodologies with current market practice and internal standards

Verify the correctness of financial data used within the pricing process

Formulate alternative approaches to pricing methodologies and independently source market parameters

Evaluate pricing correctness through reperforming and independent repricing exercises

Assess the economic impact of independent repricing outcomes

Monitor the first line of control in its pricing activities, ensuring compliance with applicable frameworks

Liaise with the Investment Department and external entities responsible for asset valuation

Report controls evidence, results, and independent validation findings to relevant internal Committees Support investment and risk assessment activities across the departmentEDUCATION / EXPERIENCE / SKILLS Master's Degree in Finance, Physics, Mathematics, Statistics, or a related quantitative field1-3 years of experience in investments, risk management, pricing, quantitative development, or an equivalent background with strong quantitative and analytical skills Programming skills in Python and VBA, as well as familiarity with statistical software and databases

Solid technical expertise in pricing methodologies for both financial instruments and alternative assets (Corporate Bonds, Real Estate, Private Equity, etc.)Knowledge of financial information providers, in particular Bloomberg Strong attention to detail, problem-solving mindset, and ability to work effectively in analytical and data-driven environments

Fluent 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 35.000,00 gross and 45.000,00 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.
101739 | 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.

We are united by a shared commitment: to put our customers first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for 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. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

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).

Job Summary Job number: 101739

Date posted :
Profession:
Risk Management

Employment type:

Full-Time Type:
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