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Pension Risk Transfer Manager Jobs in Providence, RI

Business Risk Specialist

Providence, RI ยท Hybrid

$70K - $90K/yr

Proven ability to manage multiple priorities and collaborate with diverse groups in a fast-paced ... transfer, demotion, evaluation, compensation and separation, without regard to race, color ...

Unclassified

Providence, RI ยท On-site

$23 - $32/hr

... risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in ...

Asset & Liability Sr. Analyst

Johnston, RI ยท Hybrid

$109K - $141K/yr

Experience with asset and liability management, interest rate risk, balance sheet forecasting, liquidity, funds transfer pricing, capital planning, or stress testing. * Familiarity with bank balance ...

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Showing results 1-20

Pension Risk Transfer Manager information

See Providence, RI salary details

$52K

$112.7K

$171.7K

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

As of Aug 11, 2026, the average yearly pay for pension risk transfer manager in Providence, RI is $112,698.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,900.00 and $130,300.00 per year, depending on experience, location, and employer.

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 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 popular job titles related to Pension Risk Transfer Manager jobs in Providence, RI? For Pension Risk Transfer Manager jobs in Providence, RI, the most frequently searched job titles are:
What job categories do people searching Pension Risk Transfer Manager jobs in Providence, RI look for? The top searched job categories for Pension Risk Transfer Manager jobs in Providence, RI are:
Infographic showing various Pension Risk Transfer Manager job openings in Providence, RI as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 14% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $112,698 per year, or $54.2 per hour.

Senior Program Manager (GCC Transfer Phase)

Citizens

Johnston, RI โ€ข Hybrid

$175K - $255K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 22 days ago


Job description

Description

Senior Program Manager, GCC Transfer Phase

Location and Work Model
Four day onsite hybrid schedule in one of the following Citizens hubs:

Johnston, RI
Phoenix, AZ
Westwood or Medford, MA
Iselin, NJ
Pittsburgh, PA
Franklin, TN
Cleveland, OH
Chicago, IL


Role Summary
The Senior Program Manager, GCC Transfer Phase leads the final stage of Citizens Global Capability Center journey, executing the transition of vendor delivered services and resources into CFG India under the Build Operate Transfer model.

This role is accountable for large scale workforce, service, and operational transfers across geographies, ensuring seamless delivery continuity, strong employee retention, and successful transition to a fully owned CFG India operating model.

This is a mission critical leadership role requiring deep experience in GCC transformations, BOT transfer execution, and complex multi vendor program delivery, with a strong focus on execution discipline, risk management, and business outcomes.


Key Responsibilities

Program Leadership
Lead end to end transfer execution, including planning, delivery, and stabilization across multiple waves
Own the integrated roadmap, milestones, dependencies, and critical path from vendor state to CFG India ownership
Ensure alignment to GCC objectives, including service continuity, knowledge retention, and minimal disruption

Vendor to Colleague Transition
Drive transition of vendor resources into CFG India colleagues, including rebadging, onboarding, and integration
Partner with vendors to validate workforce data, compensation alignment, and transfer readiness
Establish knowledge transfer frameworks to prevent capability loss and ensure continuity

Cross Functional Execution
Coordinate across ETS, CFG India leadership, HR, Total Rewards, Legal, Finance, Risk, and vendor partners
Ensure alignment across key pillars
Talent acquisition and onboarding
Compensation, payroll, and statutory readiness
Technology platforms and environment transition
Change management and communications

Governance, Risk, and Control
Establish and manage governance frameworks specific to transfer execution
Identify and mitigate risks related to retention, service quality, knowledge gaps, and vendor dependency
Ensure compliance with legal, regulatory, and transfer pricing requirements

Executive Stakeholder Management
Serve as primary transfer program lead, providing updates and recommendations to executive stakeholders
Drive alignment across senior leaders in the United States and India
Lead governance forums, including readiness reviews and go or no go decisions

People, Change, and Culture
Partner with HR and Change teams to drive employee acceptance and retention
Lead communication strategies to support workforce transition and cultural integration
Preserve institutional knowledge and critical talent continuity

Stabilization and Optimization
Oversee post transfer stabilization and hypercare
Ensure delivery meets SLA and KPI expectations
Drive continuous improvement and productivity optimization


Required Qualifications
10 plus years of program or project management experience
7 plus years leading large scale global transformation programs
Direct experience with GCC or captive buildouts and BOT transfer execution
Proven track record in vendor transition, workforce migration, and service transformation
Experience working within multi vendor environments such as Infosys or Cognizant
Strong expertise in governance, risk management, and executive stakeholder engagement
Experience across full lifecycle programs including Build, Operate, and Transfer


Hours and Schedule
40 hours per week
Monday through Friday


Pay Transparency
The salary range for this position is from $175,000 to $255,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to, the budget, work location, relevant skills, and experience.

We offer competitive pay, comprehensive medical, dental, and vision coverage, retirement benefits, maternity and paternity leave, flexible work arrangements, education reimbursement, wellness programs, and more. Citizens' paid time off policy exceeds the mandatory paid sick or paid time away policies of local and state jurisdictions in the United States. For an overview of our benefits, visit our Careers site - https://jobs.citizensbank.com/benefits.

#LI-Citizens1

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Education:Why Work for UsEmployment Type: 1ST