Senior Manager, Business Risk

Transamerica; Denver (CO); Hybrid; USD 170,000 - 180,000; Full time

Benefits offered by this job

Pension Plan

401k Match

Medical Insurance

Dental Insurance

Paid Time Off

Job summary

Transamerica is hiring a Senior Manager, Business Risk to lead end-to-end risk activities across the Protection Solutions & Savings & Investments areas. The role partners with operations, technology, compliance, and the second line to embed robust risk management across multiple locations.

The ideal candidate has eight years of risk and controls experience, strong analytics, and the ability to influence executives.

Qualifications

• Eight years of experience in risk management, operational risk management, internal controls, audit or compliance disciplines.
• Expertise in control testing and operating effectiveness assessments.
• Knowledge of risk management principles, including risk assessments, process flows, control evaluation, testing, monitoring, and remediation.

Responsibilities

• Lead end-to-end risk activities, including risk assessments, control testing, monitoring, remediation, and emerging risk trends.
• Support risk management for major PS&SI initiatives, projects, and transformations with risk impacts and mitigation.
• Develop and maintain risk reporting dashboards and management reporting to convey key risk information.

Skills

Risk management

Internal controls

Audit

Governance

Data analytics

Education

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

Job description

## Senior Manager, Business RiskApply: Denver, Colorado: Cedar Rapids, Iowa: Baltimore, Maryland: Full time: Posted Today: R20062775**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**Lead key components of the Protection Solutions and Savings & Investment (PS&SI) first line risk management program. Ensure risk considerations are embedded within business operations through the identification, assessment, monitoring, mitigation, and reporting of operational risks while partnering with leaders to maintain an effective risk profile.**Job Description** **Responsibilities*** Lead end-to-end business risk activities, including risk assessments, control evaluations, control testing, monitoring, and remediation efforts and identification of emerging risks and thematic risk trends.* Support risk management activities for major PS&SI business initiatives and strategic projects, process changes and transformation efforts including assessment of potential risk impacts and mitigation strategies.* Recommend process and control improvements to strengthen risk mitigation, operational efficiency, and quality outcomes.* Manage risk issue activities, including identification, impact assessment, root cause analysis, action planning, validation, remediation tracking and reporting.* Challenge process and business owners on risk decisions, control design and remediation plans to ensure actions appropriately address identified risks.* Advise business leaders on complex risk matters and provide recommendations to support informed decision-making.* Provide guidance on process reviews, process mapping, control design, insufficient documentation or control gaps, process mapping and identification of new controls, and automation opportunities.* Develop and maintain risk reporting dashboards, and management reporting to communicate key risk information and trends.* Partner with stakeholders across the organization, including operations, technology, compliance, legal and second line risk to promote a strong risk and control environment and address cross-functional risks and dependencies.* Support strategic initiatives by evaluating risk impacts, identifying emerging risks and cross-functional dependencies and recommending mitigation strategies. **Qualifications*** Bachelor’s degree in accounting, finance, business, or related field* Eight years of experience in risk management, operational risk management, internal controls, audit or compliance disciplines* Experience leading operational risk management, internal controls, audit, compliance, or governance activities* Expertise in 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 effectively present information and interact with all 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 leveraging data analytics or reporting tools to support risk monitoring and decision-making **Working Conditions*** Hybrid office environment (Tuesday, Wednesday, Thursday)* Locations: Denver, Cedar Rapids, Baltimore* Moderate Travel 10 to 25%* Travel to support risk assessments, stakeholder meetings, project initiatives, and other business risk activities CompensationThe Salary for this position generally ranges between 170,000-180,000 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.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 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