Fixed Income Portfolio Internship

La posizione è aperta all’interno del team di Generali Italia.

The Fixed Income unit is responsible for analysing and selecting fixed income financial instruments, as well as coordinating and overseeing all portfolio management activities related to LDI investments, including the implementation of tactical asset allocation. It ensures the smooth and efficient management of the portfolios under its remit by carrying out all necessary operational activities in line with guidelines, prospectuses, regulations, and defined targets. The unit performs ex-ante assessments of investment decisions, with particular attention to compliance with limits and to all preliminary checks required before order pre-allocation—such as conflict-of-interest verification, suitability assessments, and related-party checks. It manages the pre-allocation and notification of orders to the Trading Desk for instruments within its scope and analyses ex-post results, including performance, volatility, and tracking error, leveraging the analyses produced by the Risk Management function.

The unit maintains documentary evidence of the main and most significant selection decisions to ensure full traceability. In collaboration with the structure dedicated to derivative investments, it defines the strategy for investing in derivative instruments with fixed income underlyings. It also produces reports and documentation on the managed portfolios as requested by the Head of the LDI structure, provides investment comments and proposals for both internal and external purposes, and contributes comments to the relevant Investment Committee materials prepared by the Risk Management function.

The ideal candidate will support the team on the following activities:

• set up and continued development of a merged web platform consolidating the portfolio optimization tool already present, enhancing its capabilities and functions
• working on automating data feeds to the tool from multiple sources
• preparing technical documentations on the underlying optimization techniques
• perform benchmarking activities on insurance portfolios via their integrations into the optimization tool
• maintenance and development of portfolio management reporting through Power BI dashboards
• implementation of new automation projects and support on special top down driven projects/requests

• Degree in Economics or Finance or quantitative related fields (Financial Engineering, Quantitative Finance preferred)
• Fluency in English (written and spoken)
• Solid analytical, quantitative, and IT skills, excellent knowledge of Python and VBA, familiarity with other object oriented programming languages is a plus
• A basic but solid knowledge of financials markets, especially Fixed Income, and macroeconomics
• Proficiency in Office tools

Nice to have :

• Knowledge of an additional foreign language (German or French preferred)
• Familiarity with major financial data platforms (Bloomberg, Reuters)
• Exposure to BQuant and Bloomberg PORT
• Experience with optimization algorithms and/or ML/NLP techniques
• Strong interpersonal skills and the ability to work effectively in an international team
• Flexibility and adaptability in dynamic environments

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 efficaceAmbiente 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 UnicheQualità dei processi e iniziative per le nostre persone, che ci distinguono come Top Employer.