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Director, Business Risk

Job in Cedar Rapids, Linn County, Iowa, 52404, USA
Listing for: Transamerica
Full Time position
Listed on 2026-01-26
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst, Financial Compliance
Job Description & How to Apply Below

Job Family About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of 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.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good—for our customers and the communities where we live, work and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What

We Do

Transamerica is organized into three distinct businesses. These include
1) World Financial Group, including Transamerica Financial Advisors,
2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and
3) Financial Assets, which includes legacy blocks of long‑term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.
* For more information, visit

Job Description Summary

Serve as a leader for the Protection Solutions and Savings Investment (PS&SI) first line risk program. Ensure risk considerations are embedded across the company and oversee identification, assessment, monitoring, and reporting of key risks. Manage relationships with senior business partners to effectively maintain the company’s risk profile.

Job Description Responsibilities
  • Lead a functional business risk team and manage end-to-end risk activities, including controls, risk evaluation and remediation.
  • Oversee risk management and remediation for major PSSI business initiatives.
  • Recommend process and control improvements to enhance risk mitigation, efficiency, and quality.
  • Manage risk issue activities, including identification, root cause analysis, action planning and reporting outcomes to management.
  • Challenge process and business owners on remediation plans to ensure adequacy of actions.
  • Advise executive leadership on complex risk matters requiring judgment and resolution.
  • Provide guidance on control design, documentation and automation opportunities during process mapping.
  • Support senior leaders on projects and strategic initiatives with risk‑related decisions.
  • Develop and maintain regular business risk reporting for PSSI.
  • Build relationships with senior leaders and stakeholders to strengthen risk culture.
Qualifications
  • Bachelor’s degree in accounting, finance, or related field.
  • Twelve years of experience in operational risk management or equivalent operational leadership role.
  • Leadership experience in operational risk management, internal controls, or audit.
  • Expertise in risk management principles, including process flows, risk and control assessment, testing, and monitoring.
  • Strong analytical skills to identify risk trends and changing risk levels.
  • Ability to prioritize multiple initiatives in a fast‑paced…
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