FRM Risk Analyst (Finance/Product)

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 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

Aegon’s Corporate Center Financial Risk Management (FRM) is looking for a Risk Analyst. This role supports critical processes and systems in liability modeling, valuation and reporting through risk-neutral valuation and derivative pricing. The role involves using, developing, and maintaining key financial and market risk models used across the Aegon Group, including Transamerica. The financial data and derived calculations are used in IFRS and Solvency II reporting. This is a multi-disciplinary role responsible for maintaining high-quality service to meet internal customer goals, fulfilling business requirements, and participating in system enhancements across FRM’s domain.

Job Description

Responsibilities:

• Produce and validate economic scenarios using Group’s ESGs.

• Provide deliverables related to economic, market consistent valuation within the Economic Framework, IFRS, Solvency II and other regulatory frameworks.

• Collaborate with cross-functional stakeholders to integrate financial market data systems and services within Aegon/Transamerica.

• Support customer relationships through regular communication, proactively improving services, anticipating changing requirements, and providing consultative support.

• Enhance automation for system maintenance, revisions, validation, and analytics, primarily through Python & SQL coding.

• Call upon academic and professional preparation, along with the resources of the team to research solutions to financial risk problems, implement operationally sound solutions, and deliver excellence to our customers.

• Adhere to technical and governance controls in accordance with the internal control framework and systems development life cycle (SDLC) using Agile design principles (e.g., standups, release scheduling).

• Other duties and responsibilities as assigned in support of FRM.

• Ensure data quality by performing daily financial data validation activities.

Qualifications:

• Requires a bachelor’s degree in mathematics, actuarial science, statistics, finance, computer science, or related field.

• Practical experience in an object-oriented programming language, i.e., Python, C++, Java.

• Strong attention to detail.

• Must demonstrate solid understanding of investment and finance concepts and be able to creatively apply them in solving analytical problems in the business setting.

• Comprehensive in evaluating requirements, defining testing, and reviewing changes to address potential issues before they have significant adverse impact.

• Must demonstrate excellent verbal and written communication skills.

Preferred Qualifications:

• 2 or more years of relevant experience.

• Should have an understanding of financial markets.

• Advanced programming knowledge in Python and git.

• Hands-on experience with Agile SDLC.

Working Conditions:

• Hybrid employees will need to work at a Company office location at times (Cedar Rapids, IA or Baltimore, MD) and a remote work location (typically their home) at times.

Compensation:

The Salary for this position generally ranges between $63,000 - $69,000 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.

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 job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

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

 

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 23.9 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.   

* As of December 31, 2023