Head of Credit Risk

This new role in Transamerica will provide functional leadership for credit risk management, leading the establishment and enhancement of credit risk standards across new and existing asset classes, partnering closely with a growing first line investment organization and external asset managers.

Requirements

• Own and develop credit risk elements of the enterprise risk framework to ensure alignment with organizational, regulatory, and market developments.
• Establish and maintain concentration limits, asset class approval standards, watch list methodology, and portfolio analysis practices.
• Monitor credit quality, including default and impairment trends, and provide early warning indicators to mitigate potential losses.
• Collaborate with the chief investment office to evaluate new assets and third‐party managers, and assess risk and return characteristics.
• Conduct due diligence and provide challenge to investment sourcing activities to ensure adherence to the credit risk framework.
• Train and upskill other members of the Risk Function with regard to Credit Risk.
• Ensure new asset management arrangements meet operational risk requirements in partnership with non‐financial risk teams.
• Integrate with financial risk management to ensure comprehensive coverage of market and credit risks.
• Partner with underwriting risk management to support integration of credit risk in product design and pricing.
• Collaborate with finance teams to support reporting and analysis of investment results.
• May support additional risk management responsibilities within the broader risk function.

Benefits

• 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