Head of Investment Strategy
Listed on 2026-02-16
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Finance & Banking
Risk Manager/Analyst, Corporate Finance
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.
Job FamilyInvestment Management
Who We AreWe 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.
We Do
Transamerica is organized into three distinct businesses:
1) World Financial Group, including Transamerica Financial Advisors;
2) Protection Solutions and Savings & Investments, which include 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, including 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
Job Description SummaryThe 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.
- 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…
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