Manager, Business Risk

Job Family

Job Description Summary

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 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