Lead Internal Controls Analyst

Transamerica; Baltimore (MD); Hybrid; USD 103,000 - 125,000; Full time

Benefits offered by this job

Bonus for Eligible Employees

Benefits Package

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Job summary

Transamerica is seeking a skilled professional to support the day-to-day execution of the Business Controls program within the first line of defense. You will test controls to ensure they operate effectively for SOX and operational risk reviews, gather evidence for external audits, and help design and enhance controls in response to risk events.

The role requires deep experience in internal controls and risk assessment within financial services, with a focus on collaboration with auditors and

Qualifications

• Seven years of experience in internal controls, audit or risk management within the financial services industry.
• Ability to document and verbally communicate financial reporting processes.
• Experience supporting SOX and internal control frameworks.

Responsibilities

• Perform testing of controls in the first line of defense.
• Support external audits (e.g., SOC) by providing evidence and responses.
• Identify control gaps and opportunities for control enhancement.
• Collaborate with external auditors to plan and execute assessments of the control environment.
• Build relationships with stakeholders and track deficiencies to closure.
• Assist in developing action plans and validate corrective actions.

Skills

Internal controls

Audit

Risk management

Documentation

Communication

Education

Bachelor’s degree in accounting or relevant field

Job description

Job Family Business Control & Financial Planning

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.

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

Responsible for supporting the day-to-day execution of the Transamerica Business Controls program within the first line of defense. Testing controls to determine if they are designed and operating in a manner that achieves the company’s regulatory and risk management objectives in support of both SOX and Operationally focused reviews. Supporting our external auditors by collecting and reviewing requested evidence. Assisting in the design and enhancement of controls in response to actual and conceptual risk events.

Job Description Responsibilities

Perform testing, and in some cases review the testing of others, in support of first line of defense control evaluate program and Transamerica SOX program. Facilitate external audits (e.g. SOC) by pulling populations and support, and answering questions form external auditors Support process reviews to identify risks, controls, control gaps, and control enhancement opportunities. Evaluate the design of internal controls and make recommendations for improvement. Identify control gaps and opportunities for control enhancement in response to actual and conceptual risks identified As appropriate, partner and liaise with external auditors to plan and implement an assessment of the control environment, coordination of timing and execution of process walkthroughs, and a process for timely sharing of potential issues for resolution with respect to internal controls. Build and maintain relationships with stakeholders, keeping them informed of testing progress and findings. Collaborate with business management in development of action plans to assess the adequacy of action taken by management to correct reporting deficient conditions, accepting adequate corrective action and continuing reviews with appropriate management on action considered inadequate until satisfactory resolution. Support the tracking of control deficiencies and perform validation and closure of control issues. Conduct control walk throughs and help identify and understand impacts of applicable risks and related controls as part of risk assessment programs. Assist the business in understanding the control implications resulting from changes to people, process, technology. Provide support for special projects and initiatives Document process flows, with a focus on internal controls.

Qualifications

• Bachelor’s degree in accounting or relevant field, or equivalent work experience.
• Seven years of experience in internal controls, audit or risk management within the financial services industry.
• In-depth experience working on internal audits and/or operational risk assessments.
• Ability to document and verbally communicate financial reporting processes in a clear and concise manner, including assessment of design and operating effectiveness of controls.
• Communication skills to educate/raise awareness of foundational elements/methodologies needed to support an internal control framework.

Preferred Qualifications

CPA Big 4 public accounting experience working with controls within the Sarbanes-Oxley environment.

Working Conditions

Hybrid (In Office; Tuesdays, Wednesdays, Thursdays)

The Salary for this position generally ranges between $103,000 - $125,000 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

• 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.

* As of December 31, 2022 For more information about Transamerica’s privacy practices, click here.

For more information, visit transamerica.com.