This new role in Transamerica will provide functional leadership for credit risk management. This role will lead the establishment and enhancement of credit risk standards across new and existing asset classes, partnering closely with a growing first line investment organization and external asset managers. The Head of Credit Risk Management will help to build broader credit risk capability through cross training and influence across the organization.

Hiring Requirements

Responsibilities

  • Own and develop credit risk elements of the enterprise risk framework to ensure alignment with organizational, regulatory, and market developments.
  • Establish and maintain concentration limits, asset class approval standards, watch list methodology, and portfolio analysis practices.
  • Monitor credit quality, including default and impairment trends, and provide early warning indicators to mitigate potential losses.
  • Collaborate with the chief investment office to evaluate new assets and third‑party managers, and assess risk and return characteristics.
  • Conduct due diligence and provide challenge to investment sourcing activities to ensure adherence to the credit risk framework.
  • Train and upskill other members of the Risk Function with regard to Credit Risk.
  • Ensure new asset management arrangements meet operational risk requirements in partnership with non‑financial risk teams.
  • Integrate with financial risk management to ensure comprehensive coverage of market and credit risks.
  • Partner with underwriting risk management to support integration of credit risk in product design and pricing.
  • Collaborate with finance teams to support reporting and analysis of investment results.
  • May support additional risk management responsibilities within the broader risk function.

Qualifications

  • Bachelor’s degree in finance, economics, business, or related field
  • 12+ years of experience in private credit, investment management, or related financial services
  • Experience with portfolio management and credit structures across diverse investment strategies
  • Experience with private asset classes such as direct lending, mortgages, or structured finance
  • Familiarity with capital regimes in the United States and Bermuda with focus on investment risk
  • Proficient in financial modeling, data analysis, and portfolio management software
  • Forward thinker able to anticipate emerging risks and assess strategic impacts
  • Ability to tailor communications to various audiences
  • Analytical skills to frame complex problems and determine appropriate depth of analysis
  • Leadership skills to influence senior stakeholders and manage organizational relationships
  • Decision‑making skills to integrate diverse perspectives
  • Integrity to uphold risk management principles
  • Ability to challenge conventional practices and drive continuous improvement
  • Strong planning, prioritizing, and goal‑setting skills

Preferred Qualifications

Working Conditions

  • Hybrid Office Environment
  • Occasional Travel <10%
  • Occasional travel for internal and external meetings

Compensation

  • The Salary for this position generally ranges between $200,000 - $265,000 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.