Risk Analyst - Financial Risk Management (FRM)

Aegon Corporate Center Financial Risk Management (FRM) is looking for a Risk Analyst. This role supports critical processes and systems in liability modeling, valuation and reporting through risk-neutral valuation and derivative pricing. The role involves using, developing, and maintaining the firm's Economic Scenario Generation (ESG) application in the FRM Risk Cloud and additional Financial Risk Management functions related to Global Assumptions. The financial data and derived calculations are used in IFRS and Solvency II reporting. This is a multi-disciplinary role responsible for maintaining high-quality service to meet internal customer goals, fulfilling business requirements, and participating in system enhancements to realize FRM modernization efforts.

Responsibilities

• Produce and validate economic scenarios using Group's ESGs.
• Provide deliverables related to economic, market consistent valuation within the Economic Framework, IFRS4, IFRS17, SII and other regulatory frameworks.
• Collaborate with cross-functional stakeholders to integrate financial market data systems and services within Aegon/Transamerica.
• Support customer relationships through regular communication, proactively improving services, anticipating changing requirements, and providing consultative support.
• Support daily system operations in close cooperation with Aegon Global Technology resources using Agile design principles (e.g., standups, release scheduling)
• Enhance automation for system maintenance, revisions, validation, and analytics, primarily through Python coding.
• Call upon academic and professional preparation, along with the resources of the team to research solutions to financial risk problems, implement operationally sound solutions, and deliver excellence to our customers.
• Adhere to technical and governance controls in accordance with the internal control framework and systems development life cycle (SDLC).
• Other duties and responsibilities as assigned in support of FRM.

Qualifications:

• Requires a bachelor's degree in mathematics, actuarial science, statistics, finance, or related field, and desire to pursue CFA, FRM, ASA, or equivalent designation.
• Must demonstrate solid understanding of investment and finance concepts and be able to creatively apply them in solving analytical problems in the business setting.
• Practical experience in an object-oriented programming language, i.e., Python, C++, Java.
• Strong attention to detail; comprehensive in evaluating requirements, defining testing, and reviewing changes to address potential issues before they have significant adverse impact.
• Must demonstrate excellent verbal and written communication skills.

Preferred Qualifications:

• 2 or more years of relevant experience.
• Relevant professional designation or currently in progress (CFA, FRM, ASA).
• Should have an excellent understanding of financial markets and derivative pricing.
• Advanced programming knowledge in Python.

Working Conditions:

• Hybrid: employees will need to work at a Company office location at times and a remote work location (typically their home) at times.

Compensation:

The salary for this position generally ranges between $60,000 - $90,000. This range is an estimate, based on potential employee qualifications, operational needs and other considerations permitted by law.

Bonus Eligibility:

This position is also typically eligible for an annual bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion at a rate of 7.0%.

Please note this position can hire up to an Intermediate Risk Analyst.

Company information

Equal Opportunity Employer:

Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. If you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs, please contact: [email protected].

Technical Assistance:

If you experience technical problems during the application process, please email [email protected].