Manager, Business Risk

Transamerica; Cedar Rapids (IA); On-site; USD 110,000 - 150,000; Full time

Job summary

Transamerica in Cedar Rapids, Iowa, is seeking a dedicated Manager, Business Risk to lead the first-line risk program for the PS&SI portfolio. You will embed risk considerations into daily operations through assessments, control evaluations, testing, monitoring, remediation, and reporting, partnering with stakeholders to maintain a strong risk profile.

Responsibilities include coordinating risk issues, reviewing control designs and remediation plans with owners, and advising on risk matters.

Qualifications

• Bachelor’s degree in accounting, finance, business, or related field.
• Seven years of experience in risk management, internal controls, or related areas.
• Experience coordinating risk management, governance, regulatory, or compliance activities.
• Experience with control testing and operating effectiveness assessments.
• Strong analytical skills and ability to identify risk trends.
• Ability to present information to multiple levels of management.
• Excellent written and verbal communication skills.

Responsibilities

• Manage end-to-end risk activities including assessments, control evaluations, testing, monitoring, remediation, and identification of emerging risks and thematic risk trends.
• Support risk management activities for major PS&SI business initiatives, strategic projects, process changes, and transformation efforts by assessing potential risk impacts and mitigation strategies.
• Recommend process and control improvements to strengthen risk mitigation, operational efficiency, and quality outcomes.
• Coordinate risk issue activities, including identification, impact assessment, root cause analysis, action planning, validation, remediation tracking, and reporting.
• Review risk decisions, control designs, and remediation plans with process and business owners to ensure actions appropriately address identified risks.
• Advise business partners on risk matters and recommend practical approaches to support informed decision-making.
• Conduct process reviews and process mapping to identify documentation deficiencies, control gaps, new control needs, and automation opportunities.
• Develop and maintain risk dashboards and management reports to communicate key risk information and trends.
• Partner with stakeholders across operations, technology, compliance, legal, and second-line risk functions to promote a strong risk and control environment and address cross-functional risks and dependencies.
• May provide guidance, work direction, or subject matter support to less experienced team members.

Skills

Analytical skills

Communication skills

Attention to detail

Relationship-building

Time management

Education

Bachelor’s degree in accounting, finance, business, or related field

Job description

## Manager, Business RiskApply: Cedar Rapids, Iowa: Full time: Posted Today: R20062844**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**Manage key components of the Protection Solutions and Savings & Investment (PS&SI) first-line risk management program. Embed risk considerations within business operations through the identification, assessment, monitoring, mitigation, and reporting of operational risks while partnering with stakeholders to maintain an effective risk profile.**Job Description****Responsibilities*** Manage end-to-end business risk activities, including risk assessments, control evaluations, control testing, monitoring, remediation, and identification of emerging risks and thematic risk trends.* Support risk management activities for major PS&SI business initiatives, strategic projects, process changes, and transformation efforts by assessing potential risk impacts and mitigation strategies.* Recommend process and control improvements to strengthen risk mitigation, operational efficiency, and quality outcomes.* Coordinate risk issue activities, including identification, impact assessment, root cause analysis, action planning, validation, remediation tracking, and reporting.* Review risk decisions, control designs, and remediation plans with process and business owners to ensure actions appropriately address identified risks.* Advise business partners on risk matters and recommend practical approaches to support informed decision-making.* Conduct process reviews and process mapping to identify documentation deficiencies, control gaps, new control needs, and automation opportunities.* Develop and maintain risk dashboards and management reports to communicate key risk information and trends.* Partner with stakeholders across operations, technology, compliance, legal, and second-line risk functions to promote a strong risk and control environment and address cross-functional risks and dependencies.* May provide guidance, work direction, or subject matter support to less experienced team members.**Qualifications*** Bachelor’s degree in accounting, finance, business, or a related field* Seven years of experience in risk management, operational risk management, internal controls, audit, or compliance* Experience managing or coordinating operational risk management, internal controls, audit, compliance, or governance activities* Experience conducting control testing and operating effectiveness assessments* Knowledge of risk management principles, including risk assessments, process flows, control evaluation, testing, monitoring, and remediation* Strong analytical skills with the ability to identify risk trends and evaluate changing risk levels* Ability to prioritize multiple initiatives in a fast-paced environment* Strong attention to detail and accuracy* Sound judgment and problem-solving skills* Ability to present information and interact effectively with multiple levels of management* Strong relationship-building and collaboration skills* Excellent oral and written communication skills**Preferred Qualifications*** Experience in the insurance or financial services industry* Experience supporting enterprise risk management, governance, regulatory, or compliance initiatives* Experience using data analytics or reporting tools to support risk monitoring and decision-making**Working Conditions*** Office Environment* Moderate Travel 10 to 25%* Moderate travel to support risk assessments, stakeholder meetings, project initiatives, and other business risk activities*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 EmployeesBenefits Package* Pension Plan* 401k Match* Employee Stock Purchase Plan* Tuition Reimbursement* Disability Insurance* Medical Insurance* Dental Insurance* Vision Insurance* Employee Discounts* Career Training & Development OpportunitiesHealth 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