Senior Third Party Risk Manager

Responsible for working with the Functional Business Area (FBA) and key subject matter experts to manage the risk exposure from engaging third party service providers to deliver products and services to Transamerica, Aegon, and affiliates.

This includes the identification, analysis, reporting, and control of risks that are posed by these relationships throughout the third party life cycle to ensure compliance with internal policies and controls, laws, and regulations.

Support the development, deployment, and execution of the third party risk management framework.

The people of Transamerica bring expertise, creativity, heart and diverse thought to everything that we do-and to the communities where we live and work

• Ensure risk is being managed for assigned FBA portfolio throughout third party life cycle (planning, due diligence, contract, transition, on-going monitoring, and exit).

• Work closely with FBA senior managers and managers to ensure awareness and understanding of third party risk program requirements and associated risk within their portfolios.

• Develop partnerships with stakeholders across Transamerica, Aegon and affiliates.

Share best practices to improve processes and gain efficiencies.

• Coordinate with FBA, third party provider and designated subject matter experts (SME) to develop and facilitate risk management strategy; execute third party control risk assessment to identify control weaknesses.

Ensure remediation action plans are properly documented, and monitor action plans through resolution.

Escalate to appropriate third party risk management as appropriate.

• Ensure required risk management activities and control weaknesses are remediated prior to contract execution with third party provider or appropriate risk acceptance is documented and approved by FBA senior management.

Ensure appropriate systems are updated, remediation action plans to address control weaknesses are documents and approved by appropriate stakeholders.

• Act as a SME to educate the FBA on program requirements.

Lead the development of performance management scorecards and monitor results, and other key risk management artifacts such as exit strategies.

• Keep up-to-date on industry best practices to support continuous process improvement.

• Provide training to FBA business owners of relationships.

• Provide portfolio and risk analysis to third party risk management.

Monitor and report industry trends for emerging risks.

Ensure systems/databases are updated with business intelligence required to manage, report, and mitigate risks.

Qualifications

• Bachelor’s degree in business, finance or related field, or equivalent experience

• Five years of experience in third party risk management, operational risk, or compliance

• Thorough understanding in process management and control environments

• Strong analytical skills to support assessment of risk and appropriate course of action

• Written/oral communication skills to present information to FBA groups, SMEs, and third party service providers related to risks and courses of action.

• Organizational skills to prioritize risks and actions using a risk based approach

• Proficiency using MS Office

Preferred Qualifications

• Certified Third Party Risk Professional or International Association Outsourcing Professionals

• Certified Regulatory Vendor Program Manager or other recognized industry certification

• Visio, MS Project, Tableau, MS Access

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to the Colorado Equal Pay for Equal Work Act and Equal Pay Transparency Rules.

It is estimated based on what a successful Colorado applicant might be paid.

It assumes that the successful candidate will be in Colorado or perform the position from Colorado. Similar positions located outside of Colorado will not necessarily receive the same compensation. ** 

Compensation : 

The salary for this position generally ranges between $75,000-$100,000. 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 typically eligible for an annual bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion at a rate of 12.5%. 

What You Receive: 

A Comprehensive Wealth + Health package.  It’s our passion to empower people, and especially our employees, to add years to their lives and more life to their years.  That means a healthy account balance and a healthy body to match.  As you’ll come to discover, Wealth + Health is a central part of everything we do! 

Wealth Benefits; Competitive Pay, Bonus, and Benefits Package; Pension Plan, 401k Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Stock Purchase Plan, Employee Discounts, Career Training & Development Opportunities, Certification Sponsorship 

Health and Work/Life Balance Benefits; Be Well Company sponsored holistic wellness program which includes Wellness Coaching and reward dollars, Parental Leave, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid Time Off to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program 

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.