Head of Stable Value Solutions

Job Family

Client Advisory Services

Who We Are

Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients' accounts. We're in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture.

What We Do

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

Job Description Summary

The Head of Stable Value Solutions is accountable for the strategic direction and operational results of the synthetic GIC business and separate account investment only wraps, with direct P&L responsibility for approximately $80M in annual revenue.Job Description

Responsibilities

• Lead cross functional teams responsible for new business, existing business, product development, client service, and operational activities. Create a culture of accountability by aligning employees with strategy and a focus on continuous improvement to drive operating efficiency within the team.
• Manage overall budget for the SVS organization and oversee $50+ billion in contracts and associated relationships with high profile institutional clients.
• Establish new business through underwriting of plans, negotiation, and execution of wrap contracts and investment guidelines.
• Engage with internal and external stakeholders, including Risk Management, Legal and Compliance to communicate product risks, returns, and opportunities. Serve as a key participant in the risk governance framework.
• Manage the administration of ancillary institutional investment products as required.
• Maintain a balance of risk and reward to meet business objectives.
• Act as a thought leader on the stable value asset class to support the wider organization and industry.
• Promote and foster employee engagement and well-being by driving collaboration, innovation, transparency, and trust across the function and organization.

Qualifications

• Bachelor's degree in business, economics, finance or relevant field
• Ten years of leadership experience in the financial services industry, including a focus on client management and partner relationships
• In-depth knowledge of fixed income markets and stable value investment management strategies
• Experience with institutional investments, group annuities, general account, and separate account products
• Persuasive communication, problem solving, decision making, negotiation, and relationship building skills
• Leadership skills to handle business challenges and engage and influence outcomes at the executive level

Preferred Qualifications

• Master's degree
• CFA

Working Conditions

• Office or hybrid office environment (Expected in Baltimore office minimum 1 day per week on average)
• Moderate travel for client meetings, executive leadership meetings, and industry events

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

Compensation:

The salary for this position generally ranges between $210,000-$275,000. This range is an estimate, based on potential employee qualifications, operational needs and other considerations permitted by law. The range may vary above and below the stated amounts, as permitted by Colorado Equal Pay Transparency Rule 4.1.2.

Bonus Eligibility:

This position is also eligible for an Annual Bonus, at a targeted percentage, based on the Company Bonus Plan/Individual Performance. This position may also be eligible for long term incentives.

Our commitment to inclusion & diversity means that we value differences. We encourage the unique perspectives of individuals and are dedicated to creating a respectful and inclusive work environment. #IND123

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

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 the New York Stock Exchange (NYSE) holidays).
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• College Coach 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
• Peer Recognition Program (BRAVO)

Inclusion & Diversity

Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign's Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount's "100 Best Companies" list.

In addition, as part of Transamerica's commitment to maintaining an inclusive workplace, the company sponsors employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees and provide a supportive environment for raising diversity awareness and promoting inclusive behavior.

Giving Back

Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work.

https://www.transamerica.com/why-transamerica/aegon-transamerica-foundation

Transamerica's Parent Company

Aegon acquired the Transamerica business in 1999. Aegon's roots go back more than 175 years to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe, and Asia. Today, Aegon is one of the world's leading financial services organizations, providing life insurance, pensions, and asset management. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.

Websites

Transamerica | Protecting Your Wealth and Health since 1906

Aegon Group Corporate Website | Aegon

Management Team

Transamerica Leadership - Standing For Financial Innovation Since 1906 | Transamerica