Operational Risk Management Jobs in Pennsylvania

Job Family

Operational Risk

Job Description Summary

This new second line operational risk management role will provide independent oversight of the activities and day-to-day execution of the Investment Office, delivering strong independent oversight and constructive challenges to the first line. This role will ensure operational risk and control considerations are established and embedded across new and existing asset classes, and will oversee the identification, assessment, monitoring, and reporting of key risks for the business landscape. It will partner closely with a growing first line investment organization and external asset managers.

Job Description

Responsibilities

• Partner closely with the Investment Office to deliver independent, forward-looking operational risk assessments across business activities, programs, and initiatives.
• Serve as a trusted advisor and operational risk subject matter expert, providing credible challenges and practical guidance to investment leadership and management.
• Shape and advance the operational risk strategy for the Investment Office, including annual priorities, objectives, and risk maturity goals.
• Lead enterprise grade Process Risk Assessments, translating results into clear, actionable insights for senior leadership.
• Own the end-to-end lifecycle of risk issue management, from identification and root cause analysis through action tracking, escalation, and outcome reporting.
• Develop and maintain the quarterly Investment Office operational risk profile, highlighting key risk themes, trends, and emerging exposures.
• Challenge the design and effectiveness of processes and controls, recommending enhancements that improve resilience, efficiency, and execution quality.
• Assess the adequacy of management decisions and actions through a risk lens, providing independent oversight and constructive challenges.
• Drive adherence to the Global Operational Risk Management framework, including risk assessments, KRIs, scenario analysis, and risk reporting.
• Collaborate across Risk, Compliance, IT, Internal Audit, and global ORM partners to strengthen risk practices, share insights, and embed a strong risk culture.

Qualifications

• Bachelor's degree in finance, Accounting, Economics, or a related discipline
• Ten years of experience in investment operations, asset management or a related second-line risk role within financial services or insurance
• Deep understanding of investment management activities, including portfolio management, trading operations, asset servicing, valuation and investment data flows
• Proven ability to provide independent challenges and credible advisory support to investment management and senior stakeholders
• Experience partnering across control functions (Compliance, IT, Finance, Internal Audit) and influencing outcomes without direct authority
• Strong risk reporting expertise, including development of quarterly risk profiles, executive dashboards, and clear risk narratives for senior leadership and governance forums
• Excellent written and verbal communication skills, with the ability to translate complex risk concepts into clear, decision-useful insights.
• Ability to work in a fast-paced organization and prioritize multiple initiatives
• Ability to present and interact with various levels of management and build relationship with peoples at all levels

Preferred Qualifications

• Professional certifications such as CPA, CIMA, CFA, CAIA, CIA or CISA or equivalent risk or investment credentials

Working Conditions

• Hybrid Office Environment
• Moderate Travel to conduct risk activities

Compensation

• The Salary for this position generally ranges between$135,000 - $180,000 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 based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.

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.

This is a hybrid position requiring three days in office per week in one of our hub locations (Cedar Rapids, Philadelphia, Baltimore, Denver).

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