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Pension Risk Transfer Manager Jobs in Pittsburgh, PA

BNY

Specialist, Credit Risk

Pittsburgh, PA · On-site

Experience as an underwriter and assisting with the management of rapid-turnaround, intraday funds transfers and approvals is a plus. Country Risk: Experience with borrower rating systems and ...

BNY

Specialist, Credit Risk

Pittsburgh, PA

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Experience as an underwriter and assisting with the management of rapid-turnaround, intraday funds transfers and approvals is a plus. Country Risk: Experience with borrower rating systems and ...

BNY Mellon

Specialist, Credit Risk

Pittsburgh, PA · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Experience as an underwriter and assisting with the management of rapid-turnaround, intraday funds transfers and approvals is a plus. Country Risk: Experience with borrower rating systems and ...

PNC Bank

LOB Risk Lead

Pittsburgh, PA · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Experience with Technology Change Management policies, procedures, processes, and controls ... pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care ...

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Pension Risk Transfer Manager information

See Pittsburgh, PA salary details

$50K

$108.3K

$165K

How much do pension risk transfer manager jobs pay per year?

As of Aug 19, 2026, the average yearly pay for pension risk transfer manager in Pittsburgh, PA is $108,300.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,400.00 and $125,200.00 per year, depending on experience, location, and employer.

What is a pension risk transfer manager?

Pension Risk Transfer Managers are professionals who oversee the process of transferring pension liabilities from a company's balance sheet to an insurance company or other financial institution. They help organizations manage and reduce the financial risks associated with defined benefit pension plans by facilitating transactions such as buyouts or buy-ins. These managers are responsible for evaluating pension plans, coordinating with stakeholders, and ensuring that the transfer process complies with regulations and meets the needs of both the plan sponsor and participants.

What are the key skills and qualifications needed to thrive as a pension risk transfer manager?

To thrive as a Pension Risk Transfer Manager, you need expertise in pension plan structures, actuarial analysis, financial risk assessment, and typically a background in finance, actuarial science, or a related field. Familiarity with pension management software, actuarial modeling tools, and regulatory compliance systems is crucial, along with credentials such as ASA, FSA, or CFA. Strong project management, negotiation, and client relationship skills help you navigate complex transactions and communicate effectively with stakeholders. These skills ensure the accurate assessment and successful execution of pension risk transfer deals, safeguarding client interests and regulatory compliance.

What are some common challenges faced by a pension risk transfer manager during the execution of transactions?

A Pension Risk Transfer Manager often navigates complex regulatory requirements, tight transaction timelines, and the need to align multiple stakeholders, including plan sponsors, actuaries, and legal advisors. Managing sensitive data and ensuring accurate valuation of pension liabilities are critical, as errors can impact both financial outcomes and participant security. Effective communication, attention to detail, and problem-solving skills are essential to anticipate and address issues that may arise during the transfer process.

What is the difference between Pension Risk Transfer Manager vs Pension Actuary?

AspectPension Risk Transfer ManagerPension Actuary
CredentialsTypically requires actuarial certifications (e.g., ASA, FSA) and industry experienceRequires actuarial credentials (e.g., ASA, FSA) and often a state license
Work EnvironmentFocuses on managing pension risk transfer deals, client interactions, and project executionInvolves risk assessment, modeling, and valuation work within insurance or consulting firms
Industry UsageCommon in pension risk transfer, insurance, and consulting firmsWidely used in insurance companies, consulting firms, and government agencies

The main difference is that Pension Risk Transfer Managers oversee pension buyouts and risk transfer projects, focusing on deal execution and client management, while Pension Actuaries perform detailed risk assessments, valuations, and modeling to support these transactions. Both roles require actuarial credentials but differ in daily responsibilities and focus areas.

What are popular job titles related to Pension Risk Transfer Manager jobs in Pittsburgh, PA?

For Pension Risk Transfer Manager jobs in Pittsburgh, PA, the most frequently searched job titles are:

What job categories do people searching Pension Risk Transfer Manager jobs in Pittsburgh, PA look for?

The top searched job categories for Pension Risk Transfer Manager jobs in Pittsburgh, PA are:

What cities near Pittsburgh, PA are hiring for Pension Risk Transfer Manager jobs?

Cities near Pittsburgh, PA with the most Pension Risk Transfer Manager job openings:

Pension Risk Transfer Manager jobs near you
Infographic showing various Pension Risk Transfer Manager job openings in Pittsburgh, PA as of July 2026, with employment types broken down into 80% Full Time, 9% Part Time, and 11% Contract. Highlights an 82% Physical, 3% Hybrid, and 15% Remote job distribution, with an average salary of $108,300 per year, or $52.1 per hour.

Vice President, Cash Processing/Funds Transfer Manager

BNY Mellon

Pittsburgh, PA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 14 days ago

BNY Mellon rating

7.3

Company rating: 7.3 out of 10

Based on 52 frontline employees who took The Breakroom Quiz

125th of 151 rated financial services

Job description


In this role, you'll make an impact in the following ways:
  • The Role holder will be responsible for leading multiple Trade Finance Operations teams servicing clients from APAC, Frankfurt & US locations by providing quality support in facilitating the transactions and processes. This role may also involve managing multiple transformational projects working with various stakeholders simultaneously.
  • Ensures best-practice approaches for streamlining and optimization processes through workflow design and technology.
  • Applies in-depth knowledge and expertise on service offerings, proactive assessment and resolution of complex transaction issues. Manage/provide oversight on multiple projects in parallel aiding the teams in achieving the business objectives.
  • Participate in the risk and control committee and mitigate inherent and residual risk of the processes.
  • Assist Product and Relationship team on client-based solution and strategic business case. Design and provide technical training and create process guide and manual for the process
  • Act as an escalation point for complex problems and guide less experienced staff in resolving the same. Responsible for crafting solutions and methods to resolve issues at hand and similar issues in the future.
  • Responsible for achievement of team / organizational goals. Ensure teams are equipped to operate and attain team / organizational objectives. Manages the human resources of the team, including recruitment, training, coaching, performance management and career development. May manage the financial resources of the team (budgets, expenses, etc.).
  • Responsible for structuring Letters of Credit or Standby LC/ Guarantees by collaborating with the Clients, Legal, Product, Risk & Compliance
  • As a documentary credit specialist, provide comprehensive training to the team in issuance, confirmation vetting, and document examination processes, while developing a skilled workforce to meet client requirements and support business objectives.

To be successful in this role, we're seeking the following:
  • Bachelor's degree in Finance, Business Administration, or a related field. - Advanced degree or professional certification (e.g., CFA, CPA) is preferred.
  • Typically 4-7 years of experience.
  • 8-10 years of total work experience in Trade Finance is preferred with at least 2 years in Team management highly preferred
  • Experience in Letters of Credit, Document Examination, Standby LC, guarantees function well versed with UCP, URDG and ISP guidelines is required.
  • Applicable local / regional licenses or certifications as required by the business. Trade Certifications (example: CDCS, CSDG etc.) is added advantage.
  • A strong knowledge of Sanctions, Anti-Money Laundering (AML), and Boycott guidelines, as well as their relevance to Trade Finance, is highly desirable.

About the Team
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Here's a few of our recent awards:
  • America's Most Innovative Companies, Fortune, 2025
  • World's Most Admired Companies, Fortune 2025
  • "Most Just Companies", Just Capital and CNBC, 2025

Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

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About BNY Mellon

Sourced by ZipRecruiter

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1784

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