Director, Business Risk

Overview

Job Family Operational Risk

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.

• 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.

• 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 environment
• Strong attention to detail and accuracy
• Sound judgment to resolve issues and achieve objectives
• Ability to present and interact with all levels of management
• Relationship-building skills across all levels
• Excellent oral and written communication skills

• Knowledge and experience in the insurance or financial services industry

• Office Environment
• Moderate Travel 10 to 25%
• Travel to conduct risk activities

The Salary for this position generally ranges between $175,000 - $190,000 annually. This range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Additional eligibility for an Annual Bonus is based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

What We Offer

For eligible employees, a comprehensive benefits package designed to support both personal and financial well-being.

Compensation Benefits

• Competitive Pay
• Bonus for Eligible Employees

Benefits Package

• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities

Health and Work/Life Balance Benefits

• Paid Time Off starting at 160 hours annually for employees in their first year of service
• Ten (10) paid holidays per year (typically mirroring NYSE holidays)
• Wellness and well-being programs including coaching and reward programs
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re recognized for our efforts through various indexes and awards and offer ERGs for employees to foster a culture of inclusivity.

We created the Aegon Transamerica Foundation in 1994. Through grants and volunteer efforts, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Aegon acquired Transamerica in 1999. Since 1844, Aegon has grown into an international company serving millions globally, offering investment, protection, and retirement solutions with a focus on climate change and inclusion and diversity. As of December 31, 2023, Aegon’s activities and scope are described.