Director, ORM Methodology and Reporting

Transamerica; Cedar Rapids (IA); Hybrid; USD 170,000 - 195,000; Full time

Job summary

Transamerica seeks a Director of ORM Methodology and Reporting to lead the evolution of risk identification, assessment, monitoring, and reporting across the enterprise. You will partner with business leaders and risk professionals to translate complex risk into clear insights for senior leadership and the Board, embedding ORM in major programs and initiatives.

The role focuses on developing enterprise risk reporting, KRIs, and scenario analyses, while guiding governance, issue management, and

Qualifications

• Bachelor’s degree in accounting, finance, or relevant field.
• 12 years of experience in operational risk management or internal controls, or equivalent management experience with strong knowledge of operational risk management or internal controls.
• Progressive leadership experience in operational risk management, internal controls, audit, or relevant field.
• In-depth knowledge and hands on experience with risk management principles and techniques including development of process flows, identification and assessment of risks and controls, testing and monitoring procedures, and development of related metrics.
• Analytical skills to identify risk trends and changing risk levels.
• Ability to present and interact with various levels of management.

Responsibilities

• Provide strategic leadership for ORM methodology and standards across the enterprise.
• Own and evolve the operational risk policy, framework and underlying methodologies (e.g., RCSA/PRA, scenario analysis, KRIs, issue management, risk reporting).
• Lead the development of enterprise and functional non-financial risk reporting, including quarterly risk profiles, dashboards, and forward-looking risk insights.
• Translate complex risk information into audience-appropriate narratives for the Board and risk committees.
• Oversee governance and execution of risk issue management with clear reporting of outcomes.
• Embed ORM methodology into major business and technology initiatives.
• Provide second-line challenge to process design and control effectiveness, recommending enhancements.
• Build and maintain relationships with senior stakeholders and global ORM counterparts.

Skills

Leadership experience

Analytical skills

Communication skills

Risk management knowledge

Problem solving

Education

Bachelor’s degree in accounting, finance, or relevant field

Job description

## Director, ORM Methodology and ReportingApplylocations: Cedar Rapids, Iowa: Baltimore, Marylandtime type: Full timeposted on: Posted Yesterdayjob requisition id: MG1022**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**As Transamerica continues to strengthen and evolve its Operational Risk Management (ORM) program, we are creating a new leadership opportunity to drive the next phase of our methodology and reporting capabilities. The Director of ORM Methodology and Reporting will play a pivotal role in shaping how operational risk is identified, assessed, monitored, and communicated across the enterprise. This highly visible role will lead the development and enhancement of ORM methodologies, standards, and reporting practices, translating complex risk information into clear, decision-useful insights for senior leadership, risk committees, and the Board. The successful candidate will partner closely with business leaders and risk professionals across the organization to strengthen risk management practices, advance reporting capabilities, and support a resilient, risk-aware culture. This position offers a unique opportunity to help shape a growing function, influence enterprise risk strategy, and contribute to the continued maturity of Operational Risk Management at Transamerica.**Job Description****Responsibilities*** Provide strategic leadership for ORM methodology and standards, ensuring consistent, high‐quality execution of risk identification, assessment, monitoring, and reporting across the enterprise.* Own and evolve the operational risk policy, framework and underlying methodologies (e.g., RCSA/PRA, scenario analysis, KRIs, issue management, risk acceptance and risk reporting), aligning to regulatory expectations and leading industry practices.* Lead the development of enterprise and functional non-financial risk reporting, including quarterly risk profiles, dashboards, and forward‐looking risk insights that clearly articulate the “so what” for decision‐makers.* Translate complex risk information into compelling, audience‐appropriate narratives, effectively supporting discussions with business leaders, risk committees, executive management, and the Board.* Serve as a trusted advisor to Risk leadership, providing expert judgment on complex operational risk matters, control effectiveness, and risk acceptance decisions.* Oversee governance and execution of risk issue management, including identification, root cause analysis, remediation challenge, progress tracking, escalation, and clear reporting of outcomes.* Embed ORM methodology into major business and technology initiatives, ensuring risks are proactively identified, assessed, and transparently communicated throughout the initiative lifecycle.* Provide second‐line challenge to process design and control effectiveness, recommending enhancements to policies, procedures, and controls that improve resilience, execution quality, and efficiency.* Own adherence to the Global Operational Risk Management policy and framework, ensuring consistent execution of core ORM activities and effective use of enabling tools and systems.* Build and maintain strong relationships with senior stakeholders and global ORM counterparts, promoting best practices, continuous improvement, and a strong, risk‐aware culture across the organization.**Qualifications*** Bachelor’s degree in accounting, finance, or relevant field* 12 years of experience in operational risk management or internal controls, or equivalent management experience in an operational role with strong knowledge of operational risk management or internal controls* Progressive leadership experience in operational risk management, internal controls, audit, or relevant field* In-depth knowledge and hands on experience with risk management principles and techniques including development of process flows, identification and assessment of risks and controls, testing and monitoring procedures, and development of related metrics.* Analytical skills to identify risk trends and changing risk levels* Ability to work in a fast-paced organization and prioritize multiple initiatives* Strong attention to detail and accuracy* Ability to use sound judgment to resolve issues and facilitate progress against objectives* Ability to present and interact with various levels of management* Ability to build relationships with people at all levels* Excellent oral/written communication skills**Preferred Qualifications*** Strong knowledge and/or experience in the insurance or financial services industry* CPA* CIA* CISA**Working Conditions*** This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, or Denver).* Relocation assistance will not be provided for this position* Moderate Travel 10 to 25%* Travel to conduct risk activities**Compensation**The salary for this position generally ranges between $*170,000 - $195,000* 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 25% 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.*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.*