Head-of-Financial-Risk-Management Jobs in Baltimore, MD at Transamerica
Location: Baltimore, MD
Salary: $200K – $250K*
Category: Finance & Insurance
Job Description Summary
Are you a leader in the financial services industry, skilled with key stakeholder conversations? Do you have a background with ERM Framework, ALM and methodology? Have you provided expertise in analyzing financial risks in asset and product portfolios? If you answered yes, we are looking for you!
What You WillDo:
The Head ofFinancial Risk Management supports the CRO by providing Financial Risk Management leadership for Transamerica with the ability to conduct appropriate financial risk management conversations with key internal and external stakeholders. You will provide financial subject matter expertise to the CRO and CFO for financial risk focused items, such as:
Measurement and monitoring of financial risk
ALM and hedging initiatives, and oversight of existing ALM practices
Design of methodology, in particularfinancial risk aspects of Economic Framework
Maintenance of financial risk aspects of the ERM Framework and setting risk strategy
What Success Looks Like:
Ensures financial risks are managed through effective review, constructive challenge, and meaningful discussion with business leaders emphasizing transparent decision-making in alignment with the established risk management framework and governance. Establishes productive relationships with risk owners, ensures appropriate data-driven analysis supports decisions, and actively participates in risk governance forums.
Operates in a leadership capacity in alignment with the Chief Risk Officer to communicate appropriate updates on financial risks to key internal and external stakeholders. Maintains a pulse on top financial risks to Transamerica and communicates messages targeted to specific audiences in a relatable, transparent way.
Manages financial risk management staff in meeting department’s functional goals. Clarifies priorities and expectations, empowers and guides the team, identifies and develops key talent.
Represents Financial Risk in committees and provides opinion on issues based on independent analysis and insight. Be considered a subject matter expert within Risk and a respected partner for the business.
Works closely with global Head of Financial Risk on maintenance of ERM framework, including risk methodology, financial risk policies, and risk strategy in defining risk preference and setting risk limits
Provides leadership and support to enhance ALM initiatives and helps to embed the ALM standards of practice.
Provides oversight of existing ALM practices, including compliance monitoring and independent modelling.
Produces financial risk reporting to governance committees, Boards, and internal/external stakeholders.
Provides expertise and supports the business in analyzing financial risks in asset and product portfolios.
Acts as strategic business partner on financial risk topics.
What You Need:
Twelve years of experience in Financial Risk Management, Financial Management, or related field
Minimum of eight years of experience in the insurance industry
Knowledge and experience in investment and mismatch risk management, derivatives, insurance products, and insurance valuation principles
Forward Thinking – able to think strategically, place risks and decisions in context of strategic impacts, and anticipate emerging risks
Communication – able to understand the audience and craft communication that effectively tells the story
Analytical – able to understand…