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Transamerica

Transamerica

Senior Financial Risk Management Analyst

Senior Financial Risk Management Analyst

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Job Details
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Uploaded On
May 11, 2024
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Location
Baltimore, Maryland
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Remote?
No
Salary
$
85
k-$
110
k
Glassdoor Ratings
""
Recommend to a Friend
48%
""
Overall Score
3.3 / 5

Job Family

Financial Risk

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.  

 

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. 

    

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information,  visitwww.transamerica.com. 

 

Who We Are 

 

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). 

Job Description Summary

The Senior Financial Risk Management Analyst is responsible for developing and maintaining quantitative and analytical models or reasoning in support of the company's financial risk management effort. This person will focus on derivatives use, hedging, and Asset Liability Management (ALM) for equity and rate guarantees embedded in products such as variable annuities, indexed universal life and synthetic guaranteed investment contracts.

Job Description

Responsibilities

  • Model and quantify risk; act upon information gathered and partner with the first line to find solutions to identified risk issues.
  • Participate in projects and/or represent the risk function for a committee; provide opinion on issues based on independent analysis and insight.
  • Maintain and execute compliance monitoring for company derivative programs as a formal part of Transamerica’s Sarbanes Oxley control structure.
  • Serve as a subject matter expert by researching known issues and developing solutions.
  • Brainstorm potential risks to the Company from management actions and build out models to illustrate issues.
  • Work with front line partners to engage in key strategic projects across the business.

Qualifications

  • Bachelor’s degree in finance, actuarial, economics, mathematics or other analytical field
  • Five years of experience in financial risk management, financial management or related area
  • Strong analytical and data skills
  • Ability to understand complex problems and frame appropriate questions
  • Ability to present and interact with various levels of management
  • Strong attention to detail and accuracy

Preferred Qualifications

  • Experience with derivatives including some or all of modeling, valuation or accounting
  • At least intermediate programming proficiency in VBA allowing flexible modification of Excel applications
  • Advanced degree in an analytical field
  • Relevant professional certifications such as FSA, ASA or CFA
  • Programming proficiency in Python, C++ or R

Working Conditions

  • Hybrid Office environment
  • Remote working environment

Compensation

  • The US salary for this position generally ranges between $85,000 - $110,000 annually. This range is an estimate, based on potential employee qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. 
  • Additionally in the US, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. 

Our commitment to inclusion & diversity means that we value differences. We encourage the unique perspectives of persons and are dedicated to creating a respectful and inclusive work environment. 

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

  • College Coach 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

  • Peer Recognition Program (BRAVO)

  

* As of December 31, 2022 
 

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 29.5 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.   

 

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Working at 

Transamerica

Transamerica is a renowned and established financial services company with a rich heritage spanning over a century. As a trusted industry leader, Transamerica offers a comprehensive range of insurance and investment solutions to individuals and businesses across the United States. Actuaries at Transamerica play a vital role in assessing and managing risks, analyzing complex data, and ensuring the financial stability of the company's products. With a strong emphasis on innovation and leveraging cutting-edge technology, Transamerica provides actuaries with a dynamic and rewarding work environment. Collaborating with a diverse team of professionals, actuaries at Transamerica have the opportunity to work on challenging projects and contribute to the development of innovative solutions. The company values professional growth and invests in the ongoing training and career advancement of its actuaries. Transamerica's actuarial team benefits from a supportive work culture that fosters collaboration, creativity, and continuous learning. Actuaries at Transamerica have the chance to make a meaningful impact by helping individuals and businesses achieve financial security and success. Join Transamerica's esteemed actuarial team and embark on a fulfilling career where you can apply your skills, gain valuable experience, and contribute to the financial well-being of customers while enjoying competitive benefits and professional growth opportunities.