Job FamilyOperational Risk
Job Description SummaryServe as the leader for Transamerica Model Risk Management (MRM) Analytics & Reporting.
Job Description Responsibilities- Functional ownership of the MRM platform including data input, data integrity & completeness and platform-based reporting
- Responsible for supporting BU teams with respect to:
- MRM governance training, compliance, and reporting
- MRM Platform training
- Model Validation Cycle planning & reporting
- Model Risk analytics & reporting
- Help design and prepare reporting materials for senior oversight committees and other stakeholders as needed
- Administer, analyze, maintain and evolve MRM's model risk scoring system/process
- Support the model validation team with analytics & reporting as needed
- Help manage relationships with key BU stakeholders to drive and embed an enhanced model risk culture
Qualifications- Bachelor's degree in statistics, economics, finance, or relevant field
- 10+ years of experience in model risk management or internal controls, or equivalent management experience in an operational role with strong knowledge of model risk management or internal controls
- Progressive leadership experience in model risk management, internal controls, or relevant field
- Excellent oral/written communication skills
- Comfortable with data analytics and communicating with charts & graphs
- Experience with databases and SQL
- Experience with coding in Python, R or other statistical modeling language
- Ability to work in a fast-paced organization and prioritize multiple initiatives
- Strong attention to detail and accuracy
Preferred Qualifications- Masters Degree in Business, Economics, or Finance
- Strong knowledge and/or experience in the insurance or financial services industry
Working Conditions- This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Baltimore or Philadelphia).
- Relocation assistance will not be provided for this position
- Travel as needed for internal meetings (
CompensationThe salary for this position generally ranges between $170,000 - $200,000 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 of 25% based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.
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.
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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
- 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
