Director – Global Financial Risk Management

Job Family

Financial Risk

Job Description Summary

Provide leadership and direction to the global Financial Risk Management's department. Understand and articulate financial risk challenges, providing global expertise across financial risk management and Asset Liability Management

Job Description

Responsibilities

• Help define global financial risk strategy      
• Embed global ALM standards of practice; provide oversight of existing global ALM practices and initiatives      
• Develop financial risk roadmap and enhance risk dashboard reporting capabilities.      
• Develop and manage financial risk methodologies, analytics and tools, support measurement and monitoring of financial markets, ALM and the financial impacts of climate risk.      
• Provide oversight and challenge of liquidity and credit risk exposure; including monitoring of risk appetite and key risk indicators.
• Analyze financial risk exposures and trends, draw conclusions from data and insights; determine risks to escalate or manage in collaboration with the first line.      
• Serve as a financial risk subject matter expert; lead strategically important initiatives and discussions with senior stakeholders.
• Provide coaching and development support to team members and the global Financial Risk community.

Qualifications

• Bachelor’s degree in finance, actuarial, economics, mathematics or other analytical field
• 12 years of experience in risk management, financial management or related specialization. Advanced degree or actuarial, data science or investment certifications may be substituted for up to three years of experience.
• In-depth knowledge of financial risk and risk analysis tools
• In-depth knowledge of assigned focus area, such as asset liability management, economic framework, derivatives, asset management, etc.
• Knowledge across multiple business areas and related economics
• Strong analytical and data skills
• Ability to understand complex problems and frame appropriate questions
• Ability to present and interact with leadership
• Strong attention to detail and accuracy

Preferred Qualifications

• Actuarial, data science or investment certifications

Working Conditions 

•  This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Baltimore or Philadelphia). 
• Relocation assistance will not be provided for this position

Compensation

The salary for this position generally ranges between $189,000 - $230,000 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 of 30% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.  

Disclaimer: Beware of fake job offers!

We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note: We will never request personal information such as ID or payment for equipment upfront.

Official offers are sent via DocuSign following a verbal offer—not through text or email.

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This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

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