Senior Analyst, Operational Risk Management (Hybrid)

Transamerica; Iowa; Hybrid; USD 80,000 - 95,000; Full time

Job summary

Transamerica is seeking a Senior Analyst, Operational Risk Management to support day-to-day risk activities across business units in a hybrid work model. The role involves risk assessments, process reviews, action-plan monitoring, and cooperation with IT, compliance, and Internal Audit.

You will navigate the GRC tool, contribute to risk reporting, and help strengthen controls across our financial services landscape.

Qualifications

• Bachelor’s degree in accounting, finance, or relevant field.
• Four years of experience in operational risk management or internal controls.
• Experience in risk management, internal controls, audit, or equivalent field.
• Knowledge of risk management principles, process flows, risk and controls identification, testing and monitoring.

Responsibilities

• Participate in risk assessments across assigned business groups.
• Participate in process design reviews and identify areas for improvement to increase efficiency and quality.
• Carry out action plan status reporting and monitoring, and assist with root cause analysis.
• Assist process owners during development of action plans to assess adequacy of actions taken by management.
• Participate in the execution of Process Risk Assessments and support management control testing.
• Collaborate with Risk Management, partners, and stakeholders across the organization.
• Navigate the GRC tool to record, update and report on risks, events, and action plans.

Skills

Risk management principles

Stakeholder communication

Process design

Data analytics

Power BI

Education

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

Tools

GRC tool

Power BI

Excel

Job description

## Senior Analyst, Operational Risk Management (Hybrid)Apply: Cedar Rapids, Iowa: Denver, Colorado: Baltimore, Maryland: Philadelphia, Pennsylvania: Full time: Posted Today: R20062930**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**Support the day-to-day execution of the Transamerica Operational Risk Management activities including identification, assessment, monitoring, and reporting of key risks across the company business and technology landscape.**Job Description****Responsibilities:*** Participate in risk assessments across assigned business groups.* Participate in process design reviews and identify areas for improvement to increase efficiency and quality.* Carry out action plan status reporting and monitoring, and assist with root cause analysis.* Assist process owners during the development of action plans to assess adequacy of actions taken by management.* Participate in the execution of Process Risk Assessments.* Participate in and support management control testing efforts.* Collaborate with peers in the Risk Management function, and various partners and stakeholders throughout the organization (e.g. line and functional management, compliance, IT, Internal Audit).* Navigate company Governance Risk & Compliance (GRC) tool to record, update and report on various risk issues, risk events, action plans, etc.**Qualifications:*** Bachelor’s degree in accounting, finance, or relevant field* Four years of experience in operational risk management or internal controls, or experience in an operational role with working knowledge of operational risk management or internal controls* Experience in operational risk management, internal controls, audit, or equivalent field* Good knowledge and 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* 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**:* Knowledge and/or experience in the insurance or financial services industry* Data Analytics experience, particularly Power BI or advanced Excel* CPA* CIA* CISA **Compensation:*** The Salary for this position generally ranges between $80,000 - $95,000 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. **Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.**This is a hybrid position requiring three days in office per week in one of our hub locations (Cedar Rapids, Baltimore, Denver or Philadelphia). Relocation assistance will not be provided for this position.