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Director, Model Risk Management (MRM) Analytics and Reporting

Posted 43 days ago

transamericaBaltimore (MD)

SENIORITY

Manager

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About the role

Job Family Operational RiskAbout 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 World Financial Group, including Transamerica Financial Advisors, Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 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 Serve as the leader for Transamerica Model Risk Management (MRM) Analytics & Reporting.
Job Description: Responsibilities Functional ownership of the MRM platform including data input, data integrity & completeness and platform-based reporting Responsible for supporting BU teams with respect to: MRM governance training, compliance, and reportingMRM Platform training Model Validation Cycle planning & reporting Model Risk analytics & reporting Help design and prepare reporting materials for senior oversight committees and other stakeholders as needed Administer, analyze, maintain and evolve MRM's model risk scoring system/process Support the model validation team with analytics & reporting as needed Help manage relationships with key BU stakeholders to drive and embed an enhanced model risk culture
Qualifications:
  • Bachelor's degree in statistics, economics, finance, or relevant field 10+ years of experience in model risk management or internal controls, or equivalent management experience in an operational role with strong knowledge of model risk management or internal controls
  • Progressive leadership experience in model risk management, internal controls, or relevant field
  • Excellent oral/written communication skills
  • Comfortable with data analytics and communicating with charts & graphs
  • Experience with databases and SQL Experience with coding in Python, R or other statistical modeling language
  • Ability to work in a fast-paced organization and prioritize multiple initiatives
  • Strong attention to detail and accuracy
Preferred Qualifications: Masters Degree in Business, Economics, or Finance Strong knowledge and/or experience in the insurance or financial services industry
Working Conditions: This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Baltimore or Philadelphia). Relocation assistance will not be provided for this position Travel as needed for internal meetings (

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