Manager, Business Risk

Job Family
Operational Risk
About Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of 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.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary
Manage key components of the Protection Solutions and Savings & Investment (PS&SI) first-line risk management program. Embed risk considerations within business operations through the identification, assessment, monitoring, mitigation, and reporting of operational risks while partnering with stakeholders to maintain an effective risk profile.
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
Compensation
The Salary for this position generally ranges between $108,000 - $135,000 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.
Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.
This is a hybrid position requiring three days in office per week in one of our hub locations (Denver, Cedar Rapids, Philadelphia). Relocation assistance will not be provided for this position.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
We will never request personal information such as ID or payment for equipment upfront.
Official offers are sent via DocuSign following a verbal offer—not through text or email.
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 j