Senior OCIO & ALM Advisory Manager (m/f/d) for Germany

Generali Investments is one of the leading European asset management providers.
Over 1,200 specialists in numerous countries have more than € 670 billion in assets under management. Through dedicated professionals, specific expertise and advanced technologies, we develop solutions that our clients need most.

GenAM is seeking a technically strong and client-facing OCIO & ALM professional to support the build-out of its OCIO and corporate pension business in Germany and Austria.
The role combines advanced ALM modelling, regulatory expertise and fiduciary/OCIO structuring, with selective involvement in client development and sales channel activation.

KEY RESPONSIBILITIES

OCIO & Fiduciary Mandate Management

• Take responsibility for the ongoing coordination and servicing of OCIO mandates, including strategic asset allocation, governance and implementation oversight
• Support and develop fiduciary / OCIO structures in Germany, including collaboration with KVG platforms and external partners
• Contribute to the expansion of OCIO capabilities and internal know-how transfer

ALM Advisory & Modelling

• Independently conduct Asset-Liability Management (ALM) studies using internal and external tools (e.g. Conning, GenAM frameworks)
• Analyse liability structures and cash flow profiles of German institutional investors, including:
  Pensionsfonds
  Pensionskassen
  Versorgungswerke
  Corporate pension (CTA / trust structures)
• Develop strategic asset allocation and risk-return optimisation concepts aligned with client constraints and objectives
• Position ALM advisory as an entry point for broader OCIO and asset management mandates
  
  

Regulatory & Structural Expertise

• Ensure all advisory solutions are fully aligned with German regulatory frameworks, in particular:
  Versicherungsaufsichtsgesetz (VAG)
  Anlageverordnung (AnlV)
  Pensionsfonds-Aufsichtsverordnung (PFAV)
  BaFin Rundschreiben (e.g. RS 11/2017 (VA))
  Investment Tax Act (InvStG)
  Kapitalanlagegesetzbuch (KAGB)
• Translate regulatory constraints into portfolio construction and ALM solutions
• Support clients in navigating regulatory requirements within OCIO and fiduciary setups

Corporate Pension Platform (bAV) Development

• Contribute to the development of an integrated bAV platform combining:
  CTA / Treuhand solutions
  Pension fund structures
• Support project management and structuring of pension solutions for corporate clients
• Act as internal expert for German occupational pension systems and their investment implications

Collaboration & Internal Integration

• Work closely with investment teams, risk specialists, client services and product development
• Support the creation of standardised solution frameworks and client presentations
• Contribute to knowledge building within the organisation on OCIO and ALM topics

Selective Business Development & Client Interaction

• Support senior sales colleagues in technical client discussions and pitches
• Contribute to the development of sales channels (e.g. corporate clients, EB network, partners)
• Leverage existing knowledge of the German bAV / pension market to support targeted client engagement
• Participate in client meetings, RfPs and advisory processes

The successful candidate combines strong quantitative and regulatory expertise with practical experience in OCIO / fiduciary setups and institutional client advisory in Germany.

Core Qualifications

• University degree in finance, economics, mathematics or a related field
• Significant experience in institutional asset management, ALM advisory or OCIO/fiduciary management

Technical & Functional Expertise

• Strong ALM modelling skills, including experience with liability-driven investment frameworks
• Proven experience analysing German pension liabilities (Pensionsfonds, Pensionskassen, Versorgungswerke, CTA structures)
• In-depth knowledge of relevant German regulatory frameworks (VAG, AnlV, PFAV, RS 11/2017 (VA), InvStG, KAGB)
• Experience structuring or working within Fiduciary / OCIO setups in Germany, ideally involving a KVG platform
• Familiarity with strategic asset allocation, risk modelling and multi-asset portfolio construction

Market & Client Experience

• Solid understanding of the German institutional and bAV market landscape
• Initial or moderate experience in client interaction and sales processes, including:
  Supporting pitches / RfPs
  Working with consultants or institutional decision-makers
  Understanding relevant sales channels
• Strong stakeholder management skills, with the ability to effectively engage and align internal and external stakeholders across functions and seniority levels

Personal Skills

• Strong analytical mindset with the ability to translate complex analyses into actionable client solutions
• Structured and solution-oriented working style
• Excellent communication and presentation skills
• Fluent German and English required

Work-Life-Management

The world of work is becoming ever more complex and the demands on employees are increasing. As a result, work-life management is becoming increasingly important. We provide modern working models to help employees balance their professional and private lives.

Development

We support the training and development of our employees with a wide range of offers, including a mobile app. Our talent programs promote the professional development of our colleagues and offer tailor-made opportunities for every target group.

Health and fitness

The health of our employees is important to us - We CARE. That's why we support them with many different preventive care, sports, insurance and therapy offers.

Community

We are Generali. With this in mind, we promote the opportunity to network with colleagues beyond our direct areas of work.

Salary

The aim of our HR strategy is to ensure performance-related and fair remuneration. Performance-related annual payments, a company pension scheme and various benefits are attractive fringe benefits.

Discounts

Whether with employee conditions for insurance and financial products or corporate benefits - our employees benefit from a wide range of discount options and subsidies.

Personal contact