Riccardo Viano
Enterprise Risk Director
Trier
Summary
I am a motivated and analytical manager with more than 10 years' experience in the investment funds industry, specializing in enterprise and operational risk, along with outsourcing oversight. Skilled in working under pressure and adapting to new situations and challenges to achieve company goals.
After spending the last 9 years setting up the oversight and operational risk departments for various employers, I am looking for a new challenge in my career.
Overview
8
8
years of professional experience
3
3
Languages
Work History
Enterprise Risk Director
Invesco Management S.A.
03.2023 - Current
- Implementation of Invesco's ERM Framework across Luxembourg and Germany legal entities in close collaboration with local Chief Risk Officers, ensuring integration into the local risk management frameworks and compliance with local regulations
- Support the EMEA Head of Enterprise Risk in the preparation of the EMEA Risk Management Committee and materials, with focus on the Luxembourg and Germany entities
- Production of regular risk reports for monthly Executive Committee and quarterly Board of Directors meetings, covering top risks, incident analysis and trends (root causes, financial impacts, mitigation actions, impacted business units, etc), loss data, key risk indicators/metrics (Legal entity and investment funds), dedicated risk assessments, changes to risk management framework, risk taxonomy reviews, etc
- Delivered presentations and training courses to promote best practices for techniques and processes.
- Chair the quarterly Luxembourg and Germany risk committees
- Execution of annual capital assessment (ICARA) for the Invesco German entity, including wind down planning
- Support the Luxembourg and Germany Senior Management in the definition of Legal entity risk appetites and strategies, along with annual review
- Coordination of client Due diligence/RFP meetings and presentations, providing coverage for ERM activities and related queries
- Provide subject matter expertise and support to senior leaders and managers to execute their risk management responsibilities
- Support the legal entities' transition to taxonomy-based RCSA (Risk and Control Self-Assessment) along with related control testing
- Support the legal entities transition to a more advanced GRC tool, integrating risk taxonomy, incident management, RCSA, control library, issues management
- Ensured compliance with regulatory requirements, liaising with external auditors and regulators as needed.
- Heading a team of 1 FTE
Senior Operational Risk Manager
Invesco Management S.A.
04.2022 - 03.2023
- Support local Chief Risk Officers in setting up the Luxembourg Operational Risk department, covering Luxembourg and Germany legal entities.
- Analyzed data from various sources to identify patterns and trends in operational risks, developing targeted mitigation plans accordingly.
- Strengthened internal controls to minimize financial losses due to operational risks.
- Contributed to continuous improvement initiatives, identifying opportunities for enhancing existing risk management frameworks and tools.
- Supported senior leadership in decision-making processes by providing insightful analyses of operational risks and their potential impacts on business performance.
- Developed risk assessment matrices and templates (e.g new products, new business initiatives) to increase visibility of risks and facilitate decision making.
- Reduced probability of risk occurrences by conducting thorough risk assessments and audits.
- Collaborated with cross-functional teams for a comprehensive approach to risk management.
- Supported local Chief Risk Officers in drafting Operational Risk reporting for Executive Committee and Board of Directors meetings, covering incident analysis and trends, top risks, dedicated risk assessments. to support risk monitoring and management
Head of Operational risk management and Investment compliance
Generali Investments Luxembourg S.A.
01.2021 - 03.2022
- Responsible for the operational risk function, including maintenance of operational and digital risk registers, operational risk assessments (Overall Risk Assessment, IT and Cyber Risk Assessment, Business Impact Analysis, Operational Loss data collection), identification and implementation of remedial actions
- Review quality and efficiency of internal processes; identification and evaluation of critical processes through business impact analysis; drafting and implementation of business continuity strategy; identification and implementation of KRI's on high-impact processes
- Regular reporting to Senior Management on operational risk findings
- Member of the Operational Risk Committee
- Responsible for the investment compliance function (monitoring of funds' compliance with investment restrictions, as defined by law and fund Prospectus; review of funds' investment policies; drafting/review of eligibility analysis; preparation of operational procedures; ESG monitoring)
- Heading a team of 3 FTE's
Head of Oversight and Operational risk management
Generali Investments Luxembourg S.A.
12.2017 - 12.2020
- Responsible for the NAV oversight function (review and validation of the Generali's AIFs and UCITS NAV calculation; review and validation of fee calculations; preparation of operational procedures and checklists, implementation of NAV/fee controls)
- Responsible for the monitoring and control of service levels of delegates (fund administrators, portfolio managers, distributors) through the introduction of comprehensive KPIs and KRIs within the operational risk management framework
- Responsible for the operational risk function, including maintenance of operational risk register, operational risk assessments (Overall Risk Assessment, IT and Cyber Risk Assessment, Operational Loss data collection) and related reporting to the Management Committee, identification and implementation of remedial actions
- Heading a team of 3 FTE's
Oversight and Operational risk manager
Generali Investments Luxembourg S.A.
10.2016 - 12.2017
- Set up of the NAV oversight function including implementation of NAV oversight tool (Milestone's pControl)
- Responsible for the monitoring and control of service levels through the introduction of comprehensive KPIs within the operational risk management framework
- Periodic operational risk assessment reporting to the Management Committee
- Initial and ongoing Due Diligence on Generali's stakeholders, with a specific focus on delegated Investment Managers, Distributors and Fund Administrators
Education
Master of Science - Actuarial Science
Universita' Degli Studi
Torino 04.2001 -
Bachelor of Science - Banking, Insurance, And Financial Markets
Universita' Degli Studi
Torino 04.2001 -
Skills
Risk Management Strategy
Operational Risk Management
Regulatory Framework for Investment Funds
Critical Analysis
Effective Time Management
Timeline
Enterprise Risk Director
Invesco Management S.A.
03.2023 - Current
Senior Operational Risk Manager
Invesco Management S.A.
04.2022 - 03.2023
Head of Operational risk management and Investment compliance
Generali Investments Luxembourg S.A.
01.2021 - 03.2022
Head of Oversight and Operational risk management
Generali Investments Luxembourg S.A.
12.2017 - 12.2020
Oversight and Operational risk manager
Generali Investments Luxembourg S.A.
10.2016 - 12.2017
Master of Science - Actuarial Science
Universita' Degli Studi
04.2001 -
Bachelor of Science - Banking, Insurance, And Financial Markets
Universita' Degli Studi
04.2001 -
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