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 reporting
- MRM 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 (<10%)
Compensation
The salary for this position generally ranges between $170,000 - $200,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus of 25% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
- We will never request personal information such as ID or payment for equipment upfront.
- Official offers are sent via DocuSign following a verbal offer—not through text or email.
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