Senior Third Party Risk Manager

Job Family

Risk Management - General

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.  

 

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. 

    

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information,  visit www.transamerica.com. 

 

Who We Are 

  

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). 

Job Description Summary

Responsible for working with the Functional Business Area (FBA) and key subject matter experts to manage the risk exposure from engaging third party service providers to deliver products and services to Transamerica, Aegon, and affiliates. This includes the identification, analysis, reporting, and control of risks that are posed by these relationships throughout the third party life cycle to ensure compliance with internal policies and controls, laws, and regulations. Support the development, deployment, and execution of the third party risk management framework.

Job Description

The people of Transamerica bring expertise, creativity, heart and diverse thought to everything that we do-and to the communities where we live and work

• 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 up