This job has expired, please see additional jobs below
Director, Risk Management
Transamerica US
Cedar Rapids, IA, United States
Job Details - this job has expired, please see similar jobs below
Job Family
Risk Management (Finance/Product)
Job Description Summary
This position sits within the Enterprise ALM strategy team. The Enterprise ALM strategy team is responsible for designing hedging/ALM actions to better manage our business at the aggregate level. Transamerica’s large and diverse portfolio of business and liabilities includes variable annuities, fixed annuities, life insurance, pension, health, and others.
Responsibilities:
• Presenting aggregate level analyses to mid-level and senior management, acting as a subject area expert.
• Creating/enhancing enterprise level risk reporting to inform on risk profile across multiple frameworks.
• Helping to develop desired risk profile and designing ALM/hedging actions which could be undertaken to align with said profile while respecting risk limits.
• Helping to design ALM/hedging strategies commonly beneficial to multiple product lines for asymmetric risks.
• Helping to design ALM/hedging strategies to mitigate risks which are best viewed at the legal entity level, for instance tax and capital.
• Interface and collaborate with ALM, actuarial, and finance professionals from all product lines as well as tax and capital professionals.
• Develop analysis tools to assess sensitivity quality and identify potential areas of improvement.
• Participate in onboarding of dedicated ALM system and subsequent deployment of system in efforts to optimize portfolio (assets and liabilities).
• Ensure general account is optimally deployed considering ALM and free capital.
• May work with product development, ALM or Modeling Support and participate in the research, design and implementation of trading/hedging strategies, as well as general quantitative modeling thought leadership
• Consult with practitioners, the academic community and other financial institutions in researching the development of risk management models for new and existing products
• Apply knowledge of quantitative finance, actuarial science and/or scientific computing.
• Responsible for overseeing the development of various analytic models, which may include sensitivity analyses, stress testing, value-at-risk, scenario testing and Monte Carlo simulations in both a Risk-Neutral and Real-World framework.
Qualifications:
• Graduate degree in mathematics, actuarial science, finance or related field, plus eight years of relevant experience (or) Bachelor’s degree in a related field and FSA, CFA or other designation, plus eight years of experience (or) Bachelor’s degree in a related field, plus 11 years of relevant experience.
• In-depth understanding of investment and finance concepts to solve complex analytical problems.
• Advanced communication and presentation skills.
• Requires a graduate degree in mathematics, actuarial science, finance, business, or related field with at least 7 years relevant work experience OR Bachelor’s degree and FSA/CFA/Equivalent Designation plus 7 years relevant work experience OR Bachelor’s degree plus 10 years relevant work experience.
Preferred Qualifications:
• Management experience in a similar environment
• May possesses an advanced degree in physics, applied mathematics, stat/probability or another quantitative discipline and/or possess an FSA or equivalent professional designation.
• Excellent understanding of investment and finance concepts, and be able to creatively apply them in solving analytical problems in the business setting.
• Excellent understanding of investment and insurance products, with knowledge of at least one of life insurance, fixed and payout annuities, or long term care products being most preferable.
• Must possess excellent communication skills.
Behavioral and Leadership Competencies:
• In-depth understanding of investment and finance concepts to solve complex analytical problems.
• Advanced communication and presentation skills.
• A proactive action taker and doer
Our Culture:
At Transamerica we promote a Future Fit mindset. What is a Future Fit mindset?
• Acting as One fosters an environment of positive collaboration
• Accountability allows us to own the problem as well as the solution
• Agility inspires new ideas, innovation and challenges the status quo
• Customer Centricity encourages an above and beyond approach to our customer
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.
AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action 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.
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").