Insurance Risk Manager Jobs in Wheat Ridge, CO (NOW HIRING)

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Job Description Summary

Job Description

Responsibilities

• Ensure risk is being managed for assigned FBA portfolio throughout third party life cycle (planning, due diligence, contract, transition, on-going monitoring, and exit).
• Work closely with FBA senior managers and managers to ensure awareness and understanding of third party risk program requirements and associated risk within their portfolios.
• Develop partnerships with stakeholders across Transamerica, Aegon and affiliates. Share best practices to improve processes and gain efficiencies.
• Coordinate with FBA, third party provider and designated subject matter experts (SME) to develop and facilitate risk management strategy; execute third party control risk assessment to identify control weaknesses. Ensure remediation action plans are properly documented, and monitor action plans through resolution. Escalate to appropriate third party risk management as appropriate.
• Ensure required risk management activities and control weaknesses are remediated prior to contract execution with third party provider or appropriate risk acceptance is documented and approved by FBA senior management. Ensure appropriate systems are updated, remediation action plans to address control weaknesses are documents and approved by appropriate stakeholders.
• Act as a SME to educate the FBA on program requirements. Lead the development of performance management scorecards and monitor results, and other key risk management artifacts such as exit strategies.
• Keep up-to-date on industry best practices to support continuous process improvement.
• Provide training to FBA business owners of relationships.
• Provide portfolio and risk analysis to third party risk management. Monitor and report industry trends for emerging risks. Ensure systems/databases are updated with business intelligence required to manage, report, and mitigate risks.

Qualifications

• Bachelor's degree in business, finance or related field, or equivalent experience
• Five years of experience in third party risk management, operational risk, or compliance
• Thorough understanding in process management and control environments
• Strong analytical skills to support assessment of risk and appropriate course of action
• Written/oral communication skills to present information to FBA groups, SMEs, and third party service providers related to risks and courses of action.
• Organizational skills to prioritize risks and actions using a risk based approach
• Proficiency using MS Office

Preferred Qualifications

• Certified Third Party Risk Professional or International Association Outsourcing Professionals
• Certified Regulatory Vendor Program Manager or other recognized industry certification
• Visio, MS Project, Tableau, MS Access

Working Conditions

• This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in Denver.
• Relocation assistance will not be provided for this position

Compensation

The salary for this position generally ranges between$85,000 - $100,000 annually.Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors includingqualifications, 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 12.5% 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.

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 to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

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