What are the responsibilities and job description for the Head of Investment Strategy position at Transamerica?
Job Family
Investment Management
About Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary
The Head of Investment Strategy is the Chief Investment Office’s principal architect for balance‑sheet investment strategy. You will own the strategic asset allocation (SAA), guide asset–liability management (ALM) policy, and lead an integrated strategy agenda that spans investment risk & assumptions, stress testing, portfolio optimization and surveillance, rating‑agency engagement, product pricing support, reinsurance/M&A analytics, and strategic asset assignment. You’ll help set the frameworks that translate enterprise risk appetite and regulatory requirements into actionable portfolio design for the general account and surplus. Drawing on deep collaboration with Actuarial, Finance, Risk, and Product areas, you’ll turn macro views and liability insights into capital‑efficient portfolios and executable roadmaps.
Responsibilities
Job Description
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
Investment Management
About Us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.
Job Description Summary
The Head of Investment Strategy is the Chief Investment Office’s principal architect for balance‑sheet investment strategy. You will own the strategic asset allocation (SAA), guide asset–liability management (ALM) policy, and lead an integrated strategy agenda that spans investment risk & assumptions, stress testing, portfolio optimization and surveillance, rating‑agency engagement, product pricing support, reinsurance/M&A analytics, and strategic asset assignment. You’ll help set the frameworks that translate enterprise risk appetite and regulatory requirements into actionable portfolio design for the general account and surplus. Drawing on deep collaboration with Actuarial, Finance, Risk, and Product areas, you’ll turn macro views and liability insights into capital‑efficient portfolios and executable roadmaps.
Responsibilities
Job Description
- Lead enterprise strategic asset allocation (SAA) across product segments, including target-setting, constraints, and rebalancing frameworks.
- Oversee ALM policy, integrating interest‑rate, credit, liquidity, and liability‑driven metrics across IFRS/GAAP/Statutory/Bermuda views.
- Establish investment risk and assumption frameworks, including return expectations, credit loss/prepayment, alternative return assumptions.
- Direct enterprise stress testing, scenario design, and crisis playbooks with clear capital/liquidity escalation actions.
- Guide portfolio optimization and surveillance, including look‑through analytics, relative‑value frameworks, and tactical adjustments.
- Embed investment assumptions into pricing, earnings plans, and capital‑efficient product designs, partnering with Actuarial and Product.
- Lead investment support for reinsurance and M&A initiatives, including asset segmentation, diligence, and post‑close integration.
- Manage rating‑agency engagement, crafting the investment narrative and coordinating materials for reviews, updates, and surveillance.
- Chair the asset assignment process - define transaction review standards, portfolio acceptance criteria, and manager execution guardrails.
- Drive integration of multi‑manager/OCIO/affiliated AM operating models and ensure clarity of ownership across investment activities.
- Lead investment governance routines and produce investment committee and board‑level materials with clear, actionable insights.
- Mentor and develop a team of strategists/analysts, fostering analytical rigor, communication excellence, and culture of disciplined execution.
- 15 years of experience in insurance investing with direct SAA/ALM or investment‑strategy leadership
- Bachelor's degree in finance, economics, actuarial science, or related field
- Deep understanding of life insurance liabilities, capital frameworks (RBC/Bermuda), and rating‑agency methodologies
- Expertise across fixed income, structured products, and private credit, including risk/return drivers and portfolio integration
- Strong command of investment modeling, scenario design, and optimization, with working knowledge of Python/SQL or similar tools preferred
- Executive‑level communication skills; proven ability to present to boards, rating agencies, risk committees, and senior leadership
- Track record building or enhancing strategy governance, including policies, playbooks, and cross‑functional decision frameworks
- Demonstrated leadership in multi‑manager/OCIO or delegated investment models and asset assignment governance
- Enterprise mindset with the ability to sequence transformation (foundation → bridge structures → long‑term partnerships)
- Proven ability to lead teams, manage complex workflows, influence senior stakeholders, and drive execution in a regulated environment
- Graduate degree in finance, economics, actuarial science, or related field
- Chartered Financial Analyst (CFA)
- Fellow of the Society of Actuaries (FSA)
- Financial Risk Manager (FRM)
- Office Environment
- Moderate Travel 10 to 25%
- Travel for internal meetings and conferences
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
- Competitive Pay
- Bonus for Eligible Employees
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
- 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
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
- As of December 31, 2023
Salary : $257,000 - $325,000