Head of Financial Risk Management

Aegon Asset Management

Cedar Rapids, IA 52401

Posted 1 week ago

Job Description

Job FamilyFinancial Risk Management


Job Description SummaryAre you a leader in the financial services industry, skilled with key stakeholder conversations? Do you have a background with ERM Framework, ALM and methodology? Have you provided expertise in analyzing financial risks in asset and product portfolios?If you answered yes, we are looking for you!Job Description


What You Will Do:


The Head of Financial Risk Management supports the CRO by providing Financial Risk Management leadership for Transamerica with the ability to conduct appropriate financial risk management conversations with key internal and external stakeholders. You will provide financial subject matter expertise to the CRO and CFO for financial risk focused items, such as:


+ Measurement and monitoring of financial risk


+ ALM and hedging initiatives, and oversight of existing ALM practices


+ Design of methodology, in particular financial risk aspects of Economic Framework


+ Maintenance of financial risk aspects of the ERM Framework and setting risk strategy


What Success Looks Like:


+ Ensures financial risks are managed through effective review, constructive challenge, and meaningful discussion with business leaders emphasizing transparent decision-making in alignment with the established risk management framework and governance. Establishes productive relationships with risk owners, ensures appropriate data-driven analysis supports decisions, and actively participates in risk governance forums.


+ Operates in a leadership capacity in alignment with the Chief Risk Officer to communicate appropriate updates on financial risks to key internal and external stakeholders. Maintains a pulse on top financial risks to Transamerica and communicates messages targeted to specific audiences in a relatable, transparent way.


+ Manages financial risk management staff in meeting department's functional goals. Clarifies priorities and expectations, empowers and guides the team, identifies and develops key talent.


+ Represents Financial Risk in committees and provides opinion on issues based on independent analysis and insight. Be considered a subject matter expert within Risk and a respected partner for the business.


+ Works closely with global Head of Financial Risk on maintenance of ERM framework, including risk methodology, financial risk policies, and risk strategy in defining risk preference and setting risk limits


+ Provides leadership and support to enhance ALM initiatives and helps to embed the ALM standards of practice.


+ Provides oversight of existing ALM practices, including compliance monitoring and independent modelling.


+ Produces financial risk reporting to governance committees, Boards, and internal/external stakeholders.


+ Provides expertise and supports the business in analyzing financial risks in asset and product portfolios.


+ Acts as strategic business partner on financial risk topics.


What You Need:


+ Twelve years of experience in Financial Risk Management, Financial Management, or related field


+ Minimum of eight years of experience in the insurance industry


+ Knowledge and experience in investment and mismatch risk management, derivatives, insurance products, and insurance valuation principles


+ Forward Thinking - able to think strategically, place risks and decisions in context of strategic impacts, and anticipate emerging risks


+ Communication - able to understand the audience and craft communication that effectively tells the story


+ Analytical - able to understand complex problems, frame appropriate questions, and determine when analysis is sufficient to support decisions


+ Decision Making - ability to integrate diverse perspectives to drive best outcome


+ Clear evidence of high influencing and relationship management skills throughout an organization


+ Integrity to uphold risk management principles and mandates


+ Able to challenge conventional practices and pursue continuous improvement


+ Strong planning, prioritizing and goal setting skills


+ Experience in an international corporate setting preferred


+ Advanced degree in Finance, Actuarial, Economics, Mathematics or related area preferred


+ Professional certifications e.g. FSA, CFA preferred


What You Receive:


A Comprehensive Wealth + Health package. It’s our passion to empower people, and especially our employees, to add years to their lives and more life to their years. That means a healthy account balance and a healthy body to match. As you’ll come to discover, Wealth + Health is a central part of everything we do!


Wealth Benefits; Competitive Pay, Bonus, and Benefits Package; Pension Plan, 401k Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Stock Purchase Plan, Employee Discounts, Career Training & Development Opportunities, Certification Sponsorship


Health and Work/Life Balance Benefits; Be Well Company sponsored holistic wellness program which includes Wellness Coaching and reward dollars, Parental Leave, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid Time Off to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program.


Why Work for Us


Total Rewards at Transamerica: It’s more than a paycheck.


Our comprehensive Total Rewards package is designed to help support you in many ways — throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind… to help you live your best life, grow personally and professionally - and feel valued for the work you do.


Learn more about our Total Rewards Package.


Equal Opportunity Employer:


Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.


Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please contact: applicantsupport@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.


Ontario Applicants:


Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 ("AODA"). Please contact applicantsupport@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.


Technical Assistance:


If you experience technical problems during the application process, please email applicant


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