Head of Financial Risk Management
Responsibilities
- Ensure 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. Establish productive relationships with risk owners, ensure appropriate data-driven analysis supports decisions, and actively participate in risk governance forums.
- Operate in a leadership capacity in alignment with the CRO to communicate appropriate updates on financial risks to key internal and external stakeholders. Maintain a pulse on top financial risks to Transamerica and communicate messages targeted to specific audiences in a relatable, transparent way.
- Manage financial risk management staff in meeting department functional goals. Clarify priorities and expectations, empower and guide the team, identify and develop key talent.
- Enhance risk modeling capabilities to provider richer and quicker directional insights.
- Represent Financial Risk in committees and provide opinion on issues based on independent analysis and insight. Act as a subject matter expert within Risk and a respected partner for the business.
- Work 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.
- Provide leadership and support to enhance ALM initiatives and help to embed the ALM standards of practice.
- Provide oversight of existing ALM practices, including compliance monitoring and independent modelling.
- Produce financial risk reporting to governance committees, Boards, and internal/external stakeholders.
- Provide expertise and supports the business in analyzing financial risks in asset and product portfolios.
- Act as strategic business partner on financial risk topics.
Qualifications
- Bachelor’s degree in finance, actuarial, economics, mathematics or related field
- 12 of experience in financial risk management, financial management, or related area
- 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 thinker able to place risks and decisions in context of strategic impacts and anticipate emerging risks
- Ability to understand the audience and craft communications that effectively tell the story
- Analytical skills to understand complex problems, frame appropriate questions, and determine when analysis is sufficient to support decisions
- Leadership skills to influence at the highest levels and manage relationships throughout the organization
- Decision making ability to integrate diverse perspectives to drive best outcome
- Integrity to uphold risk management principles and mandates
- Ability to challenge conventional practices and pursue continuous improvement
- Strong planning, prioritizing and goal setting skills
Preferred Qualifications
- Advanced degree in finance, actuarial, economics, mathematics or related field
- Professional certifications (e.g. FSA, CFA)
- Background in an international insurance corporate setting
Working Environment:
Employees will be assigned to one of the following work location designations:
- In office employees will perform all of their work at a Company office location.
- Hybrid employees will need to work at a Company office location at times and a remote work location (typically their home) at times.
- Commuting Remote employees will need to report to a Company office location at times, but will perform their work primarily remotely.
- Non-commuting Remote employees will not be assigned to report to a Company office location (although they may need to travel to a Company office upon request) and will perform their work remotely.
*Open to considering alternate locations based on the candidate's skillset and background
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, 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