Head of Credit Risk

Transamerica•Cedar Rapids, IA

1d•Hybrid

About The Position

This new role in Transamerica will provide functional leadership for credit risk management. This role will lead the establishment and enhancement of credit risk standards across new and existing asset classes, partnering closely with a growing first line investment organization and external asset managers. The Head of Credit Risk Management will help to build broader credit risk capability through cross training and influence across the organization.

Requirements

Bachelor’s degree in finance, economics, business, or related field
12+ years of experience in private credit, investment management, or related financial services
Experience with portfolio management and credit structures across diverse investment strategies
Experience with private asset classes such as direct lending, mortgages, or structured finance
Familiarity with capital regimes in the United States and Bermuda with focus on investment risk
Proficient in financial modeling, data analysis, and portfolio management software
Forward thinker able to anticipate emerging risks and assess strategic impacts
Ability to tailor communications to various audiences
Analytical skills to frame complex problems and determine appropriate depth of analysis
Leadership skills to influence senior stakeholders and manage organizational relationships
Decision‑making skills to integrate diverse perspectives
Integrity to uphold risk management principles
Ability to challenge conventional practices and drive continuous improvement
Strong planning, prioritizing, and goal‑setting skills

Responsibilities

Own and develop credit risk elements of the enterprise risk framework to ensure alignment with organizational, regulatory, and market developments.
Establish and maintain concentration limits, asset class approval standards, watch list methodology, and portfolio analysis practices.
Monitor credit quality, including default and impairment trends, and provide early warning indicators to mitigate potential losses.
Collaborate with the chief investment office to evaluate new assets and third‑party managers, and assess risk and return characteristics.
Conduct due diligence and provide challenge to investment sourcing activities to ensure adherence to the credit risk framework.
Train and upskill other members of the Risk Function with regard to Credit Risk.
Ensure new asset management arrangements meet operational risk requirements in partnership with non‑financial risk teams.
Integrate with financial risk management to ensure comprehensive coverage of market and credit risks.
Partner with underwriting risk management to support integration of credit risk in product design and pricing.
Collaborate with finance teams to support reporting and analysis of investment results.
May support additional risk management responsibilities within the broader risk function.

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
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