If you are a Chief Risk Officer or Compliance Lead at an Italian private equity SGR, this playbook was built for you.
Managing risk in regulated investment management firms requires more than ad hoc policies and fragmented controls. You are under growing pressure to demonstrate robust risk governance to both national regulators and international investors. With increasing scrutiny on how SGRs define risk appetite, assign accountability, and report to board committees, the absence of a structured framework exposes your firm to oversight gaps and operational vulnerabilities. This playbook delivers a proven, standards-aligned methodology tailored specifically to the operating model and regulatory context of Italian SGRs managing public-private funds.
Italian SGRs face mounting regulatory expectations around transparency, board-level risk oversight, and alignment with international risk standards. The Bank of Italy's guidance emphasizes formalized risk governance structures, yet many firms struggle to operationalize these requirements within lean teams. Simultaneously, investors demand ISO 31000 alignment as proof of disciplined risk management. Without a unified approach, firms risk inconsistent reporting, audit findings, and reputational exposure when managing blended capital from public and private sources. This playbook closes the gap between regulatory intent and practical implementation.
Engaging a Big-4 consultancy to design a risk management system aligned with ISO 31000 and local requirements typically costs between EUR 80,000 and EUR 250,000. Alternatively, developing the framework internally would require 2 to 3 full-time compliance or risk professionals working for 4 to 6 months to research standards, draft policies, and build evidence trails. This comprehensive implementation package is available for $395, providing immediate value with no ongoing fees or subscriptions.
What you get
| Phase | Deliverable | File Type | Purpose |
| Assessment | Risk Governance Maturity Assessment (30 questions) | PDF, XLSX | Evaluate current state of board and senior management oversight |
| Assessment | 7 Domain Risk Assessments (30 questions each) | PDF, XLSX | Benchmark maturity across strategy, operations, compliance, finance, IT, human capital, and investment risk |
| Design | Risk Appetite Framework Template | DOCX | Define risk tolerance thresholds and escalation triggers |
| Design | Risk Policy Blueprint | DOCX | Customizable policy document aligned with ISO 31000 principles |
| Design | RACI Matrix for Risk Roles | XLSX | Clarify accountability across board, CRO, investment committee, and support functions |
| Design | Work Breakdown Structure (WBS) | XLSX | Detailed project plan for rollout across departments |
| Implementation | Evidence Collection Runbook | Step-by-step guide to gather and organize audit-ready documentation | |
| Implementation | Control Mapping Workbook | XLSX | Link controls to ISO 31000 clauses and Bank of Italy expectations |
| Audit | Internal Audit Preparation Playbook | Checklist and workflow to prepare for regulatory and investor audits | |
| Reference | Cross-Framework Mapping Matrix | XLSX | Align ISO 31000, COSO ERM, and Bank of Italy SGR Guidance |
| Reference | Glossary of Risk Terms (Italian/English) | DOCX | Ensure consistent terminology across governance bodies |
| Training | Board Presentation Deck | PPTX | Educate board members on risk governance roles and reporting |
| Ongoing | Quarterly Risk Review Template | XLSX | Standardize executive risk reporting cycles |
Domain assessments
Each of the seven domain assessments contains 30 targeted questions to evaluate risk management maturity across core functions of an SGR:
- Strategic Risk: Assesses alignment between investment strategy, market positioning, and long-term risk tolerance.
- Operational Risk: Evaluates processes for managing back-office, administrative, and service delivery risks.
- Compliance Risk: Reviews adherence to regulatory obligations under Bank of Italy rules and AIFMD.
- Financial Risk: Measures controls around liquidity, leverage, valuation, and fund accounting.
- Information Technology Risk: Examines data security, system integrity, and digital access controls.
- Human Capital Risk: Analyzes succession planning, conflict of interest management, and staff training.
- Investment Risk: Gauges due diligence rigor, portfolio concentration limits, and exit strategy planning.
What this saves you
| Activity | Time Required (Internal) | Time Required (Using This Playbook) |
| Develop risk governance assessment | 40 hours | 1 hour (customize template) |
| Draft risk appetite statement | 35 hours | 3 hours (edit template) |
| Map controls to ISO 31000 | 60 hours | 5 hours (use mapping matrix) |
| Prepare for internal audit | 50 hours | 8 hours (follow runbook) |
| Create RACI for risk roles | 25 hours | 2 hours (adapt template) |
| Compile evidence for regulators | 70 hours | 10 hours (use checklist) |
| Total Estimated Time Saved | 280 hours | 29 hours |
Who this is for
- Chief Risk Officers at Italian SGRs managing private equity or infrastructure funds
- Compliance Managers responsible for regulatory reporting and audit readiness
- General Counsel advising on governance structure and risk oversight
- Head of Internal Audit preparing for risk-based audit planning
- Board Members and Supervisory Committee Chairs seeking clearer risk reporting
- COOs implementing operational risk controls across fund administration
- Consultants supporting SGRs with governance transformation
Cross-framework mappings
This playbook includes explicit mappings to the following frameworks:
- ISO 31000:2018 Risk Management , Guidelines
- COSO ERM Framework (2017)
- Bank of Italy Circular No. 285/2013 and subsequent guidance on SGR governance
- AIFMD (Directive 2011/61/EU) risk management requirements
- OECD Principles of Corporate Governance (risk oversight sections)
What is NOT in this product
- Legal advice or regulatory interpretation specific to your firm's portfolio
- Software tools, platforms, or automated workflows
- Consulting services or direct support from the seller
- Translations beyond the included Italian/English glossary
- Industry-specific investment risk models for sectors like energy or healthcare
- Customization of templates to your firm's branding or internal systems
- Updates or revisions to the playbook after purchase
Lifetime access and satisfaction guarantee
You receive lifetime access to all 64 files with no subscription, no login portal, and no recurring fees. The files are delivered as standard document formats for immediate use. If this playbook does not save your team at least 100 hours of manual compliance work, email us for a full refund. No questions, no friction.
About the seller: For over 25 years, we have specialized in translating global compliance frameworks into practical implementation tools. Our library contains structured mappings across 692 regulatory and standards frameworks, with more than 819,000 cross-references built by legal, risk, and audit professionals. To date, over 40,000 practitioners in 160 countries have used our playbooks to streamline compliance operations in highly regulated environments.
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