Job FamilyRisk Management
Job Description SummaryRisk Manager
The people of Transamerica bring expertise, creativity, heart and diverse thought to everything that we do-and to the communities where we live and work
Are you interested in 2nd line model validation? Do you have Significant knowledge and hands on experience with respect to at least one of Life, Health or Accumulation products? Do you have experience on AXIS, ALFA, or MoSes modeling platforms?
If your answer is yes, we are looking for you!Job Description
What You Will Do:
You will be a member of the Risk Team supporting the 2nd line (Risk) model validation (MV) function which provides independent oversight to manage model risk in accordance with enterprise and actuarial model governance standards.
What You Will Learn:
You will learn what it means to work for a company that focuses on the Employee Experience and how this enables us to engage with the vital talent we need to transform and grow our business and maintain Transamerica reputation as an industry leader.
What Success Looks Like:
Perform 2nd line model validation review work and prepare MV reports
Assess soundness of model methodology and quality of 1st line testing for conformance with applicable model development standards
Challenge simplifications and limitations identified in the model
Evaluate adequacy and design of controls to mitigate operational risks in the modeling process
Prepare MV reports and present to MV Committee
Assist in review and implementation of MV Policy changes
Provide guidance to Model Integrity Team, model owners, and Actuarial Model Governance Team to enhance model validation and model change management process and reporting
Develop into a subject matter expert on MV principles throughout Transamerica and Aegon
Participate in risk committee discussions on model risk management and related topics
No direct reports although may direct actuarial students
What You Need:
Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Finance, Economics or related field and 5 years of relevant experience.
At least 3 years of Actuarial Modeling experience, ideally on multiple roles (e.g. valuation, pricing, development)
Significant knowledge and hands on experience with respect to at least one of Life, Health or Accumulation products
ASA / FSA or equivalent professional designation.is a plus
Demonstrable knowledge of IFRS 9/17 regulations is desirable.
Demonstrates high quality judgment, organization and prioritization skills.
Effectively communicates, both verbally and in writing, mathematical and analytical concepts to varied audiences
Experience on AXIS, ALFA, or MoSes modeling platforms is a plus
What You Receive:
A Comprehensive Wealth + Health package. It's our passion to empower people, and especially our employees, to add years to their lives and more life to their years. That means a healthy account balance and a healthy body to match. As you'll come to discover, Wealth + Health is a central part of everything we do!
Wealth Benefits; Competitive Pay, Bonus, and Benefits Package; Pension Plan, 401k Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Stock Purchase Plan, Employee Discounts, Career Training & Development Opportunities, Certification Sponsorship
Health and Work/Life Balance Benefits; Be Well Company sponsored holistic wellness program which includes Wellness Coaching and reward dollars, Parental Leave, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid Time Off to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program.
Why Work for Us
Total Rewards at Transamerica: It's more than a paycheck.
Our comprehensive Total Rewards package is designed to help support you in many ways throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind to help you live your best life, grow personally and professionally - and feel valued for the work you do.
Learn more about our Total Rewards Package.
Equal Opportunity Employer:
Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please contact: firstname.lastname@example.org if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.
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Transamerica Life Insurance Company