Senior Risk Analyst job at Transamerica in Cedar Rapids, IA, Baltimore, MD

Title: Sr Risk Analyst - Annuities (Hybrid)

Locations: Cedar Rapids, Iowa

Baltimore, Maryland

Hybrid

time type

Full time

job requisition id

R20061348

Job Description:

Job Family

Financial Risk

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 transamerica.com.

Job Description Summary

The Senior Risk Analyst will play a key role within the VA/RILA Reporting group, supporting IFRS 17 financial reporting and U.S. GAAP reporting post conversion. This role is responsible for supporting complex risk and financial analyses related to variable annuity and registered index linked annuity products, partnering closely with actuarial, finance, investments, and risk management teams. The position contributes to accurate, timely, and well controlled reporting while ensuring alignment with enterprise risk management objectives.

Job Description

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.

Responsibilities:

Execute complex risk analysis, modeling, and reporting activities supporting IFRS 17 and U.S. GAAP frameworks for VA/RILA products.

Quantify and analyze key risks, including equity market risk, interest rate risk, cash flow variability, credit risk, liquidity risk, and hedging impacts, with emphasis on their financial reporting implications.

Support the production, validation, and interpretation of IFRS 17 results, including drivers of movement, sensitivities, and disclosure support.

Provide analytical support for GAAP conversion processes.

Partner with actuarial modeling, ALM, finance, and investment teams to assess model results, assumptions, and controls impacting financial statements.

Effectively communicate complex analytical results to team leaders through clear documentation, presentations, and executive‑level summaries.

Qualifications:

Requires an advanced degree in math, actuarial science, statistics, related science field, finance, or related business field OR Bachelor's Degree plus FSA/CFA/Equivalent Designation or Bachelor's Degree plus 5 years' experience.

Candidates without a designation should be making progress towards an FSA, ASA, FRM, CFA or similar designation.

Must possess good understanding of investment and finance concepts, and be able to creatively apply them in solving analytical problems in the business setting.

Must possess excellent communication skills.

Preferred Qualifications:

Direct experience with IFRS 17 reporting, implementation, or ongoing production support.

Strong knowledge o