Head of Credit Risk

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 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

This new role in Transamerica will provide functional leadership for credit risk management. This role will lead the establishment and enhancement of credit risk standards across new and existing asset classes, partnering closely with a growing first line investment organization and external asset managers. The Head of Credit Risk Management will help to build broader credit risk capability through cross training and influence across the organization.

Job Description

Hiring Requirements

Responsibilities

• Own and develop credit risk elements of the enterprise risk framework to ensure alignment with organizational, regulatory, and market developments.

• Establish and maintain concentration limits, asset class approval standards, watch list methodology, and portfolio analysis practices.

• Monitor credit quality, including default and impairment trends, and provide early warning indicators to mitigate potential losses.

• Collaborate with the chief investment office to evaluate new assets and third‑party managers, and assess risk and return characteristics.

• Conduct due diligence and provide challenge to investment sourcing activities to ensure adherence to the credit risk framework.

• Train and upskill other members of the Risk Function with regard to Credit Risk.

• Ensure new asset management arrangements meet operational risk requirements in partnership with non‑financial risk teams.

• Integrate with financial risk management to ensure comprehensive coverage of market and credit risks.

• Partner with underwriting risk management to support integration of credit risk in product design and pricing.

• Collaborate with finance teams to support reporting and analysis of investment results.

• May support additional risk management responsibilities within the broader risk function.

Qualifications

• Bachelor’s degree in finance, economics, business, or related field

• 12+ years of experience in private credit, investment management, or related financial services

• Experience with portfolio management and credit structures across diverse investment strategies

• Experience with private asset classes such as direct lending, mortgages, or structured finance

• Familiarity with capital regimes in the United States and Bermuda with focus on investment risk

• Proficient in financial modeling, data analysis, and portfolio management software

• Forward thinker able to anticipate emerging risks and assess strategic impacts

• Ability to tailor communications to various audiences

• Analytical skills to frame complex problems and determine appropriate depth of analysis

• Leadership skills to influence senior stakeholders and manage organizational relationships

• Decision‑making skills to integrate diverse perspectives

• Integrity to uphold risk management principles

• Ability to challenge conventional practices and drive continuous improvement

• Strong planning, prioritizing, and goal‑setting skills

Preferred Qualifications

Working Conditions

• Hybrid Office Environment

• Occasional Travel <10%

• Occasional travel for internal and external meetings

Compensation

• The Salary for this position generally ranges between $200,000 - $265,000 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.

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

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 A egon , an integrated, diversified, international financial services group . The A egon companies employ over 2 1,500 people and have approximately 31.7 million customers . * For more information, visit   .

• As of December 31, 2022

For more information about Transamerica’s privacy practices, click here. (