Transamerica
Head of Financial Risk Management
Transamerica, Canton, Massachusetts, us, 02021
Job Family
Financial Risk
About Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 2,500 people and have approximately 31.7 million customers. For more information, visit
www.transamerica.com . Who We Are Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. What We Do Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). Job Description Summary Support the Chief Risk Officer (CRO) by providing Financial, Product & Capital Risk leadership for Transamerica. Lead financial risk management conversations with key internal and external stakeholders. Provide subject matter expertise to the CRO and Chief Financial Officer for financial risk focused items including: Measurement and monitoring of financial, product, and capital risk; Asset liability management (ALM) and hedging initiatives, and oversight of ALM practices; Design of methodology, in particular financial risk aspects of economic framework; Maintenance of financial risk aspects of the Enterprise Risk Management framework, and setting of risk strategy; Champion and establish best in class and fit for purpose modeling capabilities to measure credit, market, and capital risk. Responsibilities Ensure financial risks are managed through effective review, constructive challenge, and meaningful discussion with business leaders emphasizing transparent decision-making in alignment with the established risk management framework and governance. Operate in a leadership capacity in alignment with the CRO to communicate appropriate updates on financial risks to key internal and external stakeholders. Manage financial risk management staff in meeting department functional goals. Enhance risk modeling capabilities to provide richer and quicker directional insights. Represent Financial Risk in committees and provide opinion on issues based on independent analysis and insight. Work closely with global Head of Financial Risk on maintenance of ERM framework, including risk methodology, financial risk policies, and risk strategy. Provide leadership and support to enhance ALM initiatives. Provide oversight of existing ALM practices, including compliance monitoring and independent modeling. Produce financial risk reporting to governance committees, Boards, and internal/external stakeholders. Provide expertise and support the business in analyzing financial risks in asset and product portfolios. Act as strategic business partner on financial risk topics. Qualifications Bachelor’s degree in finance, actuarial, economics, mathematics or related field. 12 years of experience in financial risk management, financial management, or related area. Eight years of experience in the insurance industry. Knowledge and experience in investment and mismatch risk management, derivatives, insurance products, and insurance valuation principles. Forward thinker able to place risks and decisions in context of strategic impacts and anticipate emerging risks. Ability to understand the audience and craft communications that effectively tell the story. Analytical skills to understand complex problems, frame appropriate questions, and determine when analysis is sufficient to support decisions. Leadership skills to influence at the highest levels and manage relationships throughout the organization. Decision making ability to integrate diverse perspectives to drive best outcome. Integrity to uphold risk management principles and mandates. Ability to challenge conventional practices and pursue continuous improvement. Strong planning, prioritizing and goal setting skills. Preferred Qualifications Advanced degree in finance, actuarial, economics, mathematics or related field. Professional certifications (e.g. FSA, CFA). Background in an international insurance corporate setting. Working Environment: In office employees will perform all of their work at a Company office location. Hybrid employees will need to work at a Company office location at times and a remote work location at times. Commuting Remote employees will need to report to a Company office location at times, but will perform their work primarily remotely. Non-commuting Remote employees will not be assigned to report to a Company office location and will perform their work remotely. What You Receive: A Comprehensive Wealth + Health package. It’s our passion to empower people, and especially our employees, to add years to their lives and more life to their years. Wealth Benefits include Competitive Pay, Bonus, and Benefits Package; Pension Plan, 401k Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Employee Discounts, Career Training & Development Opportunities, Certification Sponsorship. Health and Work/Life Balance Benefits include a holistic wellness program, Parental Leave, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid Time Off to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program. Inclusion & Diversity We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. Giving Back We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994.
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www.transamerica.com . Who We Are Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. What We Do Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). Job Description Summary Support the Chief Risk Officer (CRO) by providing Financial, Product & Capital Risk leadership for Transamerica. Lead financial risk management conversations with key internal and external stakeholders. Provide subject matter expertise to the CRO and Chief Financial Officer for financial risk focused items including: Measurement and monitoring of financial, product, and capital risk; Asset liability management (ALM) and hedging initiatives, and oversight of ALM practices; Design of methodology, in particular financial risk aspects of economic framework; Maintenance of financial risk aspects of the Enterprise Risk Management framework, and setting of risk strategy; Champion and establish best in class and fit for purpose modeling capabilities to measure credit, market, and capital risk. Responsibilities Ensure financial risks are managed through effective review, constructive challenge, and meaningful discussion with business leaders emphasizing transparent decision-making in alignment with the established risk management framework and governance. Operate in a leadership capacity in alignment with the CRO to communicate appropriate updates on financial risks to key internal and external stakeholders. Manage financial risk management staff in meeting department functional goals. Enhance risk modeling capabilities to provide richer and quicker directional insights. Represent Financial Risk in committees and provide opinion on issues based on independent analysis and insight. Work closely with global Head of Financial Risk on maintenance of ERM framework, including risk methodology, financial risk policies, and risk strategy. Provide leadership and support to enhance ALM initiatives. Provide oversight of existing ALM practices, including compliance monitoring and independent modeling. Produce financial risk reporting to governance committees, Boards, and internal/external stakeholders. Provide expertise and support the business in analyzing financial risks in asset and product portfolios. Act as strategic business partner on financial risk topics. Qualifications Bachelor’s degree in finance, actuarial, economics, mathematics or related field. 12 years of experience in financial risk management, financial management, or related area. Eight years of experience in the insurance industry. Knowledge and experience in investment and mismatch risk management, derivatives, insurance products, and insurance valuation principles. Forward thinker able to place risks and decisions in context of strategic impacts and anticipate emerging risks. Ability to understand the audience and craft communications that effectively tell the story. Analytical skills to understand complex problems, frame appropriate questions, and determine when analysis is sufficient to support decisions. Leadership skills to influence at the highest levels and manage relationships throughout the organization. Decision making ability to integrate diverse perspectives to drive best outcome. Integrity to uphold risk management principles and mandates. Ability to challenge conventional practices and pursue continuous improvement. Strong planning, prioritizing and goal setting skills. Preferred Qualifications Advanced degree in finance, actuarial, economics, mathematics or related field. Professional certifications (e.g. FSA, CFA). Background in an international insurance corporate setting. Working Environment: In office employees will perform all of their work at a Company office location. Hybrid employees will need to work at a Company office location at times and a remote work location at times. Commuting Remote employees will need to report to a Company office location at times, but will perform their work primarily remotely. Non-commuting Remote employees will not be assigned to report to a Company office location and will perform their work remotely. What You Receive: A Comprehensive Wealth + Health package. It’s our passion to empower people, and especially our employees, to add years to their lives and more life to their years. Wealth Benefits include Competitive Pay, Bonus, and Benefits Package; Pension Plan, 401k Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Employee Discounts, Career Training & Development Opportunities, Certification Sponsorship. Health and Work/Life Balance Benefits include a holistic wellness program, Parental Leave, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid Time Off to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program. Inclusion & Diversity We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. Giving Back We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994.
#J-18808-Ljbffr