Head of Financial Risk Management

Job Description

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.

Establish productive relationships with risk owners, ensure appropriate data-driven analysis supports decisions, and actively participate in risk governance forums.

Operate in a leadership capacity in alignment with the CRO to communicate appropriate updates on financial risks to key internal and external stakeholders.

Maintain a pulse on top financial risks to Transamerica and communicate messages targeted to specific audiences in a relatable, transparent way.

• Manage financial risk management staff in meeting department functional goals. Clarify priorities and expectations, empower and guide the team, identify and develop key talent.
• Enhance risk modeling capabilities to provider richer and quicker directional insights.
• Represent Financial Risk in committees and provide opinion on issues based on independent analysis and insight. Act as a subject matter expert within Risk and a respected partner for the business.
• Work closely with global Head of Financial Risk on maintenance of ERM framework, including risk methodology, financial risk policies, and risk strategy in defining risk preference and setting risk limits.
• Provide leadership and support to enhance ALM initiatives and help to embed the ALM standards of practice.
• Provide oversight of existing ALM practices, including compliance monitoring and independent modelling.
• Produce financial risk reporting to governance committees, Boards, and internal / external stakeholders.
• Provide expertise and supports 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 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 :

Employees will be assigned to one of the following work location designations :

• 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 (typically their home) 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 (although they may need to travel to a Company office upon request) and will perform their work remotely.
• Open to considering alternate locations based on the candidate's skillset and background

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.

That means a healthy account balance and a healthy body to match. As you’ll come to discover, Wealth + Health is a central part of everything we do!

Wealth Benefits; 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; Be Well Company sponsored holistic wellness program which includes Wellness Coaching and reward dollars, 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

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

Competitive Pay

Bonus for Eligible Employees

Benefits Package

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Dental Insurance

Vision Insurance

Employee Discounts

Career Training & Development Opportunities

Health and Work / Life Balance Benefits

Paid Time Off starting at 160 hours annually for employees in their first year of service.

Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

Parental Leave fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

Adoption Assistance

Employee Assistance Program

College Coach Program

Back-Up Care Program

PTO for Volunteer Hours

Employee Matching Gifts Program

Employee Resource Groups

Inclusion and Diversity Programs

Employee Recognition Program

Referral Bonus Programs

Peer Recognition Program (BRAVO)

As of December 31, 2022

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts throughthe Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including theInclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs.

This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity.

ERGs are open to all employees.Theyprovide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

Webelieve our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994.

Through a mixof financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica’s Parent Company

Aegonacquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 29.

5 million people across the globe. It offers investment, protection, and retirement solutions, always with a clear purpose : Helping people live their best lives.

As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.