Director of Risk Management (Capital)

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. 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.

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.

Job Description Summary The Director of Financial Risk Management (Capital) reports to the Head of FURM and supports the CRO function by providing financial risk management leadership for Transamerica through conducting risk management engagements with key internal and external stakeholders.

You will provide financial subject matter expertise to senior leadership on financial risk focused items, such as:

• Measurement and monitoring of financial risk, particularly to the company's statutory capital position
• Risk oversight of capital and earnings initiatives including existing practices, with a particular focus on capital / financial management projects initiated by the Financial Assets Division
• Design of frameworks and methodology, in particular scenario and sensitivity testing of the balance sheet and income statement
• Maintenance of financial risk aspects of the ERM Framework and setting risk strategy

What Success Looks Like:

• Ensures 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.
• Establishes productive relationships with risk owners, ensures appropriate data-driven analysis supports decisions, and actively participates in risk governance forums.
• Operates in a leadership capacity to communicate appropriate updates on financial risks to key internal and external stakeholders.
• Maintains a pulse on top financial risks to Transamerica and communicates messages targeted to specific audiences in a relatable, transparent way.
• Represents Financial Risk in committees and provides opinion on issues based on independent analysis and insight.
• Support the maintenance of Global ERM framework, including risk methodology, financial risk policies, and risk strategy in defining risk preference and setting risk limits.
• Lead the oversight and review of Capital initiatives and helps to embed capital management policy and playbook.
• Provides oversight of existing Capital management practices, including monitoring results and conducting independent analysis.
• Produces financial risk reporting to governance committees, Boards, and internal/external stakeholders.
• Provides expertise and supports the business in analyzing financial risks in asset and product portfolios.
• Acts as strategic business partner on financial risk topics.

What You Need:

• Bachelor's degree in finance, actuarial, economics, mathematics or other analytical field
• 10 years of experience in risk management, financial management, actuarial or related specialization.
• In-depth knowledge of insurance company financial performance and risk drivers including related topics such as reserve and capital frameworks, asset liability management, economic frameworks, derivatives, product pricing.
• Forward Thinking - able to think strategically, place risks and decisions in context of strategic impacts, and anticipate emerging risks.
• Communication - able to understand the audience and craft communication that effectively tells the story.
• Analytical - able to understand complex problems, frame appropriate questions, and determine when analysis is sufficient to support decisions.
• Decision Making - ability to integrate diverse perspectives to drive outcomes.
• Clear evidence of influencing and relationship management skills throughout an organization.
• Integrity to uphold risk management principles and mandates.
• Able to challenge conventional practices and pursue continuous improvement.

Preferred Qualifications:

• Advanced degree in Finance, Actuarial, Economics, Mathematics or related area preferred.
• Professional certifications e.g. FSA, CFA, CPA preferred.
• Experience in an international corporate setting preferred.

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

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 various awards.

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.

Giving Back We believe our responsibilities extend beyond our corporate walls. Through a mix of financial grants and the volunteer efforts of our employees, we support nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Helping people live their best lives.