SVP, Risk-Wealth Solutions

Together we fight for everyone’s opportunity for a better financial future.

We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future.  We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action.  We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now

Voya’s Wealth Solutions business is dedicated to providing innovative retirement solutions that empower individuals and organizations. As the risk leader for Wealth Solutions, you will lead our risk management efforts across our wealth solutions portfolio. This role will focus on identifying, assessing, and mitigating financial, non-financial, and operational risks associated with our retirement and investment offerings. The ideal candidate will have a deep understanding of wealth management products, strong analytical skills, and a proven track record in risk management. to name a few.

Key Responsibilities:

Risk Management Strategy and Framework: Develop and implement comprehensive risk management strategies and a framework that guide and advise our wealth solutions business, addressing financial, operational, and reputational risks associated with 401(k), 403(b), 457, 409A, ESOP, and RWM products.

Financial Oversight:  Monitor and analyze financial risks inherent in our wealth solutions and collaborate with finance teams to create strategies that ensure profitability and sustainability. Collaborate across teams to assess risk exposure and develop mitigation strategies.

Operational Excellence: Identify and manage operational risks related to the administration and management of retirement plans. Ensure compliance with regulatory requirements and industry standards to minimize risk exposure and adhere to industry standards. Enhance processes to improve efficiency and reduce potential risks by providing timely data. Stay informed and apprise business on industry news.

Business Development Support: Partner with business development and product teams to evaluate new opportunities and products, ensuring that risks are identified and appropriately managed in the development process.

Stakeholder Engagement: Build and maintain strong relationships with internal and external stakeholders, including clients, regulatory bodies, and industry partners, to promote a culture of risk awareness and best practices.

Team Leadership: Lead, manage, and mentor a team of risk management professionals, fostering a collaborative environment focused on continuous improvement and professional development.

Reporting and Analysis: Prepare and present risk assessment reports to senior leadership and the Board, highlighting key findings, trends, and recommendations for risk mitigation.

Qualifications:

• Bachelor’s degree in finance, Business Administration, Risk Management, or a related field; Master’s degree or professional certifications (e.g., FRM, PRM) preferred.
• 10+ years of experience in risk management with at least 5 years within the wealth management or financial services industry, with a focus on retirement products.
• Strong understanding of financial, operational, and compliance risk management principles, particularly in the context of retirement plans, ESOPs, annuities, and related offerings.
• Proven track record of developing and implementing risk management strategies that drive business success.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and interpersonal skills with the ability to influence and collaborate across all levels of the organization.
• Exceptional communication skills, both written and verbal, with the ability to present complex information clearly to diverse audiences.

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