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Alexander Hamilton Awards

New Framework for Better Liquidity Risk Management

Congratulations to Transamerica, winner of the Gold Alexander Hamilton Award in Liquidity Management!

For more than a century, Transamerica has offered financial services solutions with the goal of making financial security more widely available. Today, the company offers life insurance, health insurance, annuities, and retirement savings vehicles.

Numerous acquisitions through the years led to a situation in which Transamerica’s liquidity management function was decentralized. The firm had five different workstreams producing operations-related cash flows to cover the liquidity needs of its various product lines. The staff of the company’s chief investment office performed corporate-level data aggregation and forecasting, but overall they lacked visibility into the forecast-vs.-actuals experience.

In 2015, the company started to move toward a more centralized organizational structure, consolidating various business and support functions to create a more robust risk management function and enhance operational efficiency. As part of this initiative, executives formed the Enterprise Cash and Liquidity Management (ECLM) team to improve management of that core treasury function. The team consists of individuals from the chief investment office, the derivatives and collateral operations team, and the asset liability management and hedging department, as well as other senior-level staff who have diverse backgrounds in strategy, technology, and analytical reporting.

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Meg Waters

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

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