Transamerica

Senior Portfolio Risk Analyst - Aegon AM

Chicago, Illinois Full time

Job Description Summary

Aegon Asset Management (Aegon AM) is a leading global investor. Our 350 investment professionals manage and advise on assets of US $384 billion for a global client base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations.

We organize our firm around four investment platforms: fixed income, real assets, equities and multi-asset & solutions, which includes a fiduciary and multi-manager business. Each investment platform has dedicated teams with deep asset-class expertise, organized globally and committed to maximizing client benefit from their specialist areas.

We are an international business: Our 1,125 employees work from 14 locations across Europe, the Americas and Asia. We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment.

Position Overview:

Join our Portfolio Risk Management team as a Senior Portfolio Risk Analyst, where you’ll oversee investment risk across AAM’s US fixed income platform. This role covers the full value chain of risk management—from risk identification and measurement to active engagement with portfolio management and risk reporting. You will help develop effective risk management measures, shared methodologies and reporting tools that support both our general account and third-party clients.

You will thrive in a dynamic, collaborative environment, working closely with colleagues in Risk Management, Portfolio Management and across the business functions. This is a second-line position, ideal for individuals who enjoy applying their technical expertise to improve the outcomes for our clients and business.  This role reports directly to the US Head of Risk Management.  

Job Description

Key Responsibilities:

  • Deliver second-line market and credit risk analysis and oversight across a broad range of fixed income strategies. 

  • Apply and interpret quantitative models to analyze portfolio positioning and its implications for risk and performance. 

  • Provide independent perspectives and ensure exposures remain within established risk parameters. 

  • Conduct tracking error, duration, and volatility analysis, back testing, and tail risk assessments, including value-at-risk (VaR), market, and liquidity stress testing. 

  • Stay informed about financial markets and proactively assess how market events may impact portfolio performance and risk. 

  • Complete ad-hoc risk analysis projects as requested by prospects, clients, front office and other internal users. 

  • Engage proactively with stakeholders and contribute to the ongoing improvement of risk methodologies, models and controls. 

  • Collaborate with the front office to review portfolio risk, raise risk awareness through regular discussions and respond to information requests. 

  • Support team activities and contribute to achieving the global team plan. 

 Qualifications: 

  • Bachelor’s degree with 8+ years of investment risk experience, including work with fixed income portfolios. 

  • Solid understanding of financial markets and instruments, and investments concepts. 

  • Sound communication, statistical, and mathematical modelling skills. 

  • Practical understanding of quantitative analysis tools. 

  • Coding skills, including VBA, and a professional certification such as CFA, FRM or PRM, is a plus. 

Preferred Qualifications: 

  • Commitment to fostering a robust risk culture with a focus on continuous improvement. 

  • Intellectual curiosity and a drive to innovate for better risk mitigation. 

  • Effective stakeholder management and the ability to provide constructive challenge in a constructive manner. 

  • Experience with Blackrock Aladdin.  

Why Join Us:

  • Be part of a team that values diversity, collaboration, and continuous learning. 

  • Work in an environment where your ideas and perspectives are welcomed and respected. 

  • Contribute to meaningful projects that have a real impact on our clients and business.  

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

The salary for this position generally ranges between $137,000 - $170,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, the position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

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

  • College Coach 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

Job and compensation levels depend upon an applicant’s qualifications including the extent of candidate’s relevant experience and other job-related factors and will be determined by hiring supervisors/managers and HR.

At Aegon Asset Management, we are committed to fostering a diverse workforce and an inclusive culture. We are more than a global Asset Management firm – we are a people business, and we recognize that delivering excellent client outcomes comes from embracing diverse perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences.

#LI-Hybrid

Why Work for Us

At Aegon Asset Management, we invest in You.

Our people are our greatest asset; with a competitive rewards program including incentive compensation, health and wellness benefits, retirement programs, and learning and development opportunities, our employees are engaged and empowered. Come be a part of driving our success!

Equal Opportunity Employer:

AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Aegon Companies. Please contact: applicantsupport@aegonusa.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.


Technical Assistance:

If you experience technical problems during the application process, please email applicantsupport@aegonusa.com.