Lead Management Specialist, ORM (Operational Risk Management) - Hybrid

Job Family

Operational Risk

Job Description Summary

Provide subject matter expertise in Corporate Services (Legal, Compliance, HR, Facilities, Privacy, Corporate Affairs) for the day-to-day execution of the Transamerica Operational Risk Management program to ensure appropriate risk considerations are in place and practiced across corporate services including the identification, assessment, monitoring, and reporting of key risks across the company business and technology landscape. Develop and maintain relationships with business and technology management across three lines of defense.

Job Description

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.

Responsibilities:

• Deep subject-matter expertise in risks, controls, and a working understanding of the Corporate Services departments and how they support the business.

• Partner with corporate services management to lead the execution of risk assessments across the varied departments and teams.

• Challenge current process design, identify areas for improvement, and recommend changes to supporting policies, procedures and control execution to increase efficiency and quality.

• Lead risk issue management activities, including risk identification, root cause analysis, action plan status monitoring, and reporting of outcomes to management.

• Collaborate and challenge process owners during the development of action plans to assess adequacy of actions taken by management.

• Lead the execution of Process Risk Assessments (PRAs) via review and challenge of inherent/residual risk scoring, risk mitigation, review control design and execution.

• Collaborate with peers in the Risk Management function, and various partners and stakeholders throughout the organization (e.g. line and functional management, compliance, IT, Internal Audit).

• Lead the execution of risk assessment activities across various organizational functions, programs, projects, processes, etc.

• Navigate company Governance Risk & Compliance (GRC) tool (OneSumX) to record, update and report on various risk issues, risk events, action plans, etc.

Qualifications:

• Bachelor’s degree in accounting, business, or relevant field

• Eight years of experience working in operational risk management, internal controls, or other second-line oversight related environment

• Progressive experience in operational risk management, internal controls, audit, risk management, or equivalent field

• Deep understanding of corporate services functions, including legal, privacy, compliance, financial crime, facilities, corporate affairs

• In-depth knowledge and hands on experience with risk management principles and techniques including development of process flows, identification and assessment of risks and controls, testing and monitoring procedures, and development of related metrics

• Strong risk and control background

• Ability to present and interact with various levels of management

• Ability to build relationships with people at all levels

• Excellent oral/written communication skills

Preferred Qualifications:

• Strong knowledge and/or experience in the insurance or financial services industry

• PRMIA Operational Risk Management (ORM) Certificate or Professional Risk Manager (PRM™)

• LOMA AIRC, ALMI, or FLMI designations 

• IIA Certification in Risk Management Assurance or Certified Internal Auditor

• ACAMS – Certified Anti-Money Laundering Specialist

• CCEP – Certified Compliance & Ethics Professional  

Working Conditions:

• Hybrid office environment: 3 days per week in office (Baltimore/Cedar Rapids/Denver/Philadelphia)

• Moderate Travel (under 10%)

Compensation:

• The Salary for this position generally ranges between $104,000 - $120,000 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. 

#LI-BD1

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.

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.

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

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