OPT Operational Risk Manager Jobs
Operational Risk Manager roles are strong candidates for OPT work authorization, as the position typically requires a bachelor's or master's degree in finance, business, or a related field. Most employers in banking, consulting, and financial services are experienced with sponsoring F-1 OPT employees through the standard 12-month authorization and STEM OPT extension.
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Operational Risk
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.
Job Description Summary
Support the day-to-day execution of the Transamerica Operational Risk Management activities including identification, assessment, monitoring, and reporting of key risks across the company business and technology landscape.
Job Description
Responsibilities:
- Participate in risk assessments across assigned business groups.
- Participate in process design reviews and identify areas for improvement to increase efficiency and quality.
- Carry out action plan status reporting and monitoring, and assist with root cause analysis.
- Assist process owners during the development of action plans to assess adequacy of actions taken by management.
- Participate in the execution of Process Risk Assessments.
- Participate in and support management control testing efforts.
- Collaborate with peers in the Risk Management function, and various partners and stakeholders throughout the organization (e.g. line and functional management, compliance, IT, Internal Audit).
- Navigate company Governance Risk & Compliance (GRC) tool to record, update and report on various risk issues, risk events, action plans, etc.
Qualifications
- Bachelor’s degree in accounting, finance, or relevant field
- Four years of experience in operational risk management or internal controls, or experience in an operational role with working knowledge of operational risk management or internal controls
- Experience in operational risk management, internal controls, audit, or equivalent field
- Good knowledge and experience with risk management principles and techniques including development of process flows, identification and assessment of risks and controls, testing and monitoring procedures, and development of related metrics
- Ability to present and interact with various levels of management
- Ability to build relationships with people at all levels
- Excellent oral/written communication skills
Preferred Qualifications:
- Knowledge and/or experience in the insurance or financial services industry
- Data Analytics experience, particularly Power BI or advanced Excel
- CPA
- CIA
- CISA
Working Conditions:
- Hybrid office environment: 3 days in office (Cedar Rapids, IA/Baltimore, MD, Denver, CO)
Compensation:
- The Salary for this position generally ranges between $80,000 - $95,000 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 based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
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.
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
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
Inclusion & Diversity
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.
Job Family
Operational Risk
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.
Job Description Summary
Support the day-to-day execution of the Transamerica Operational Risk Management activities including identification, assessment, monitoring, and reporting of key risks across the company business and technology landscape.
Job Description
Responsibilities:
- Participate in risk assessments across assigned business groups.
- Participate in process design reviews and identify areas for improvement to increase efficiency and quality.
- Carry out action plan status reporting and monitoring, and assist with root cause analysis.
- Assist process owners during the development of action plans to assess adequacy of actions taken by management.
- Participate in the execution of Process Risk Assessments.
- Participate in and support management control testing efforts.
- Collaborate with peers in the Risk Management function, and various partners and stakeholders throughout the organization (e.g. line and functional management, compliance, IT, Internal Audit).
- Navigate company Governance Risk & Compliance (GRC) tool to record, update and report on various risk issues, risk events, action plans, etc.
Qualifications
- Bachelor’s degree in accounting, finance, or relevant field
- Four years of experience in operational risk management or internal controls, or experience in an operational role with working knowledge of operational risk management or internal controls
- Experience in operational risk management, internal controls, audit, or equivalent field
- Good knowledge and experience with risk management principles and techniques including development of process flows, identification and assessment of risks and controls, testing and monitoring procedures, and development of related metrics
- Ability to present and interact with various levels of management
- Ability to build relationships with people at all levels
- Excellent oral/written communication skills
Preferred Qualifications:
- Knowledge and/or experience in the insurance or financial services industry
- Data Analytics experience, particularly Power BI or advanced Excel
- CPA
- CIA
- CISA
Working Conditions:
- Hybrid office environment: 3 days in office (Cedar Rapids, IA/Baltimore, MD, Denver, CO)
Compensation:
- The Salary for this position generally ranges between $80,000 - $95,000 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 based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
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.
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
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
Inclusion & Diversity
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.
See all 76+ OPT Operational Risk Manager Jobs
Sign up for free to unlock all listings, filter by visa type, and get alerts for new OPT Operational Risk Manager Jobs.
Get Access To All JobsTips for Finding OPT Sponsorship as an Operational Risk Manager
Target regulated financial institutions first
Banks, insurance companies, and asset managers have established HR and legal infrastructure for OPT sponsorship. They hire operational risk managers regularly and are far more familiar with the process than startups or smaller firms with no prior OPT hires.
Align your degree field with the job description
OPT authorization requires your job to be directly related to your degree. A finance, business analytics, or risk management degree maps cleanly. If your degree is in engineering or data science, emphasize quantitative risk modeling responsibilities to strengthen the connection.
Pursue STEM OPT if your degree qualifies
Degrees in financial engineering, quantitative finance, or data analytics often qualify for the 24-month STEM OPT extension. This gives employers 36 total months of OPT coverage, which significantly increases your appeal over candidates with standard 12-month authorization only.
Highlight regulatory compliance experience in your application
Employers in risk management are already fluent in regulatory complexity. Frame your OPT status as a compliance matter you're prepared to manage, not a burden for them. Demonstrating familiarity with Basel III, CCAR, or SOX shows you understand their operational environment.
Time your job search against your OPT start date
Operational risk hiring processes at large financial institutions can take two to four months. Apply before your OPT authorization begins so your start date aligns with an active authorization period. Starting the search too late shrinks your available runway significantly.
Request OPT-experienced hiring managers or HR contacts
When you reach the interview stage, ask whether the firm has sponsored OPT employees before. Firms with prior OPT experience move faster and with less friction. Those encountering it for the first time often stall at legal review, costing you weeks of your authorization window.
Operational Risk Manager OPT: Frequently Asked Questions
Can I work as an Operational Risk Manager on F-1 OPT?
Yes, provided your job duties are directly related to your degree field. Operational Risk Manager roles typically require a bachelor's or master's degree in finance, business, risk management, or a quantitative discipline, which satisfies the OPT relatedness requirement. Document the connection clearly in your employment records in case your DSO requests verification.
Does an Operational Risk Manager role qualify for the STEM OPT extension?
It depends on your degree, not the job title. If you hold a degree in financial engineering, quantitative finance, applied mathematics, or data science, your program may appear on the STEM designated degree list, making you eligible for the 24-month extension. Confirm your CIP code with your DSO before assuming eligibility, since business degrees without a STEM designation do not qualify.
Which employers are most likely to hire Operational Risk Managers on OPT?
Large commercial banks, investment banks, insurance companies, and financial consulting firms hire operational risk professionals regularly and typically have legal and HR processes in place for OPT employees. Smaller firms and non-financial companies are less consistent. You can browse Operational Risk Manager roles from OPT-friendly employers on Migrate Mate, which filters specifically for visa-sponsoring companies.
What happens to my OPT if I'm laid off from an Operational Risk Manager role?
You have a 90-day unemployment allowance across your full OPT period, or 150 days if you're on STEM OPT. Days without employment count against this limit, so start your search immediately. Report any job changes to your DSO within 10 days. Finding a new role quickly is critical since exceeding the unemployment limit terminates your OPT authorization.
Can I work as an Operational Risk Manager contractor or consultant on OPT?
Yes, but with important constraints. Self-employment is not permitted on OPT. You must be employed by a company, not operating as an independent contractor billing clients directly. Contract roles through a staffing firm or consulting firm that employs you directly are generally acceptable, provided the work remains related to your degree field and your employer reports the placement correctly.