What are the responsibilities and job description for the Junior Risk Associate position at American Equity?
At American Equity we offer leading annuity products that help empower our clients to fulfill their needs and wants in retirement. Our success comes from hiring high-energy individuals who embody the beliefs that drive our unique culture. We currently fund over half a million retirements nationwide, headquartered in Des Moines, Iowa, for over thirty years with satellite offices in Charlotte, NC and New York, NY.
General Purpose Of The Job
The Junior Risk Associate supports the Enterprise Risk Management function by assisting in the identification, assessment, monitoring, and reporting of risks across the organization. The role provides analytical and administrative support to ensure compliance with risk governance frameworks, with a focus on life insurance-specific risks, including operational, insurance, investment, and strategic risks. The individual will work with risk disciplines across the company, including compliance and internal audit to ensure coverage and effectiveness of risk activities.
Education And/Or Experience
This description covers the major purpose and essential functions of the job. It is not intended to give all details or a step-by-step account of the way each task is to be performed. Employees may receive other job related instructions and be required to perform other job related work requested by their manager. All requirements are subject to possible modification to provide reasonable accommodation to qualified individuals with disabilities.
At American Equity, our core values—Empowered, Passion, Integrity, and Caring—are more than words. They guide how we support one another and how we serve our clients every day. To learn more about American Equity, our culture, and our values, visit the Careers site.
Iowa Best Companies to Work for 2025 | Top Workplaces
For more information about how your information is processed, please click on the Privacy tab at the bottom of the page and then click on the Applicant Privacy Policy.
General Purpose Of The Job
The Junior Risk Associate supports the Enterprise Risk Management function by assisting in the identification, assessment, monitoring, and reporting of risks across the organization. The role provides analytical and administrative support to ensure compliance with risk governance frameworks, with a focus on life insurance-specific risks, including operational, insurance, investment, and strategic risks. The individual will work with risk disciplines across the company, including compliance and internal audit to ensure coverage and effectiveness of risk activities.
- Position sits in Des Moines and will work an onsite schedule**
- Assists in the preparation of risk reports and dashboards for senior leadership.
- Supports risk identification and assessment processes across business units.
- Assists with maintaining risk registers and track risk mitigation activities.
- Conducts basis risk analysis, including scenario assessments and trend tracking.
- Helps coordinate risk surveys and interviews.
- Monitors risk events and near misses; document and analyze root causes.
- Provide support for regulatory compliance and reporting requirements as needed.
- Assists with the development and maintenance of risk policies, procedures, and frameworks.
- Performs data collection and validation for key risk indicators (KRIs) and performance metrics.
- Collaborates with business units as needed.
- Performs other related work as assigned.
Education And/Or Experience
- Bachelor’s degree in risk management, Finance, Actuarial Science, Accounting, or other related field of study.
- 0-2 years of experience in risk management, insurance, compliance, or a related role.
- Prior experience with life/annuity insurance operations or products is a plus.
- Experience with Enterprise Risk Management systems a plus.
- Progress toward professional certifications such as Associate in Risk Management (ARM), Financial Risk Manager (FRM), or Certified Public Accountant (CPA).
- Basis understanding of regulatory requirements impacting life insurers (e.g., NAIC, ORSA)
- Strong analytical and problem-solving skills
- Effective verbal and written communication skills
- Proficient in Microsoft Excel, PowerPoint, and Word.
- Familiarity with risk management tools and methodologies is a plus.
- Organized and detail oriented.
- Ability to handle sensitive information with discretion.
This description covers the major purpose and essential functions of the job. It is not intended to give all details or a step-by-step account of the way each task is to be performed. Employees may receive other job related instructions and be required to perform other job related work requested by their manager. All requirements are subject to possible modification to provide reasonable accommodation to qualified individuals with disabilities.
At American Equity, our core values—Empowered, Passion, Integrity, and Caring—are more than words. They guide how we support one another and how we serve our clients every day. To learn more about American Equity, our culture, and our values, visit the Careers site.
Iowa Best Companies to Work for 2025 | Top Workplaces
For more information about how your information is processed, please click on the Privacy tab at the bottom of the page and then click on the Applicant Privacy Policy.