Manager, Business Risk

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Job Family

Operational Risk
About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of 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.
Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them.
We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary

Manage key components of the Protection Solutions and Savings & Investment (PS&SI) first-line risk management program. Embed risk considerations within business operations through the identification, assessment, monitoring, mitigation, and reporting of operational risks while partnering with stakeholders to maintain an effective risk profile.
Responsibilities

Job Description

Manage end-to-end business risk activities, including risk assessments, control evaluations, control testing, monitoring, remediation, and identification of emerging risks and thematic risk trends.
Support risk management activities for major PS&SI business initiatives, strategic projects, process changes, and transformation efforts by assessing potential risk impacts and mitigation strategies.
Recommend process and control improvements to strengthen risk mitigation, operational efficiency, and quality outcomes.
Coordinate risk issue activities, including identification, impact assessment, root cause analysis, action planning, validation, remediation tracking, and reporting.
Review risk decisions, control designs, and remediation plans with process and business owners to ensure actions appropriately address identified risks.
Advise business partners on risk matters and recommend practical approaches to support informed decision-making.
Conduct process reviews and process mapping to identify documentation deficiencies, control gaps, new control needs, and automation opportunities.
Develop and maintain risk dashboards and management reports to communicate key risk information and trends.
Partner with stakeholders across operations, technology, compliance, legal, and second-line risk functions to promote a strong risk and control environment and address cross-functional risks and dependencies.
May provide guidance, work direction, or subject matter support to less experienced team members.
Qualifications

Bachelor's degree in accounting, finance, business, or a related field
Seven years of experience in risk management, operational risk management, internal controls, audit, or compliance
Experience managing or coordinating operational risk management, internal controls, audit, compliance, or governance activities
Experience conducting control testing and operating effectiveness assessments
Knowledge of risk management principles, including risk assessments, process flows, control evaluation, testing, monitoring, and remediation
Strong analytical skills with the ability to identify risk trends and evaluate changing risk levels
Ability to prioritize multiple initiatives in a fast-paced environment
Strong attention to detail and accuracy
Sound judgment and problem-solving skills
Ability to present information and interact effectively with multiple levels of management
Strong relationship-building and collaboration skills
Excellent oral and written communication skills
Preferred Qualifications

Experience in the insurance or financial services industry
Experience supporting enterprise risk management, governance, regulatory, or compliance initiatives
Experience using data analytics or reporting tools to support risk monitoring and decision-making
Working Conditions

Office Environment
Moderate Travel 10 to 25%
Moderate travel to support risk assessments, stakeholder meetings, project initiatives, and other business risk activities
Compensation

The Salary for this position generally ranges between $108,000 - $135,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.
Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.
This is a hybrid position requiring three days in office per week in one of our hub locations (Denver, Cedar Rapids, Philadelphia). Relocation assistance will not be provided for this position.
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
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
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 through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion 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. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of 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

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 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.
As of December 31, 2023

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