Nationwide Mutual Insurance Company
Consultant, Risk Analytics - Capital Risk
Nationwide Mutual Insurance Company, Columbus, Ohio, United States, 43224
As a team member in Finance at Nationwide, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.Join a high‑impact team at the forefront of enterprise‑level capital risk management. In this role, you’ll be a key contributor to initiatives spanning capital risk and investment risk. You will own multiple Tier 1 models focused on fixed income credit risk and equity/alternative asset risk. Over time, you will expand your scope to influence actuarial asset modeling and product pricing. You’ll collaborate across a wide range of teams, develop analytical solutions, and help safeguard Nationwide’s capital adequacy while supporting business growth at target returns.**Responsibilities What You’ll Do**You’ll be trained to own and operate multiple Tier 1 quantitative risk and capital models that support our Capital, Appetite, and Limit (CAL) framework. Your responsibilities will include:* Develop new quantitative models that support asset risk analytics and product underwriting. Translate strategic priorities into operational reality. Enable efficient modeling for production and ad-hoc analysis purposes.* Own the operation, maintenance, and continued improvement of the Tier 1 fixed income credit risk model.* Own the operation, maintenance, and continued improvement of the Tier 1 equity/alternative asset risk model.* Drive quarterly capital adequacy tests. Support enterprise target capital framework and ad-hoc stress test.* Support investment risk analytics and governance. Provide modeling insights for investment risk budget and sector guidelines. Enhance portfolio risk modeling and management.* Partner with Model Risk Management on model validation and governance.* Prepare risk reporting to executive committees, including the Board, EFRC, and ERCR.This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.It is our intention to fill this role in Columbus, OH. The hired associate must reside within 35 miles of One Nationwide Plaza, Columbus OH, 43215.Internal Compensation Grade: G5#LI-KD1**Required Education/Experience/Skills:*** Strong quantitative modeling skills with proficiency in Python for statistical and data analysis.* Solid understanding of economics and investment asset classes.* Proficiency with Microsoft Excel.* Strong communication skills and the ability to articulate complex modeling concepts to senior leaders.* Preferably 5+ years of experience in quantitative risk modeling.* Preferred professional designations (or progress toward them): CFA, FRM, or FSA.* Broad Exposure: Work closely with teams across investment, investment risk, NF actuarial, P&C actuarial, treasury, and strategy.* Career Growth: Get involved in initiatives that align with your strengths, interests, and long-term goals.* Learning Culture: We invest heavily in training and development. Your curiosity and drive to learn are just as important as your current skillset.**Job Description Summary**
As a Consultant, you'll be responsible for the creation and management of risk analytics projects to solve business problems and achieve objectives. You’ll work consultatively with your leadership and business partners to match quantitative analysis with business needs. We’ll count on you to be the key point of contact linking business goals to technical research. It’s imperative that you have both a working knowledge of quantitative analytics and a clear understanding of business needs. You will need to confident articulating solutions to many levels of leadership.******Job Description********Key Responsibilities:*** Understands and assesses key business needs and responsible for developing the appropriate quantitative modeling solutions to these needs.* Collaborates with departments across the organization or business functions to accomplish strategic goals, objectives, and initiatives.* Builds risk analytic strategies for business problems through collaborating, consulting, and driving expectations.* Collaborates with teams across the enterprise to ensure that consistent model assumptions, processes and outputs are well understood and that modeling standard methodologies are upheld throughout the organization.* Crafts clear and concise summaries of findings and recommendations. Uses impactful storylines and data visualization geared to both technical and non-technical audiences.* Develops, tests, implements and administers complex quantitative modeling processes and tools.* Evaluates and ranks quantitative solutions to business problems.* Communicates the key benefits and limitations of sophisticated modeling tools for business applications.* Works across teams to ensure governance of modeling tools are applied consistently.May perform other responsibilities as assigned.**Reporting Relationships:** Reports to Risk/Actuarial leader.**Typical Skills and Experiences:****Education:** Undergraduate studies in finance, accounting, economics, statistics, mathematics or related subject area required. Graduate-level studies in a related field with advanced degree highly desirable.**License/Certification/Designation:** Progress toward FCAS, FSA, CQF, CFA or similar preferred.**Experience:** Typically, seven or more years of related work experience in financial risk modeling or actuarial functions.**Knowledge, Abilities and Skills:** Proven knowledge of processes and functions spanning the insurance and risk management cycle. Understands machine learning, stochastic processes, Monte Carlo simulations, sampling methods and other statistical techniques applicable to specialized risk modeling. Confirmed mathematical knowledge of specialized risk models such as those used in hedging, economic scenario generation, catastrophe, credit risk, etc. Advanced understanding of risk management operations such as asset-liability management, portfolio risk assessment, hedging, etc. Strong communication and presentation skills. Advanced proficiency with Excel and Powerpoint.Other criteria, including leadership skills, competencies and experiences may take precedence.Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resources Business Partner.**Values:** Regularly and consistently demonstrates Nationwide Values.**Job Conditions:****Overtime Eligibility:** Not Eligible (Exempt)**Working Conditions:** Normal office environment.**ADA:** The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.**Benefits**We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, .Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.
**NOTE TO EMPLOYMENT AGENCIES:**We value the partnerships we have built with our preferred vendors. Nationwide does not #J-18808-Ljbffr
As a Consultant, you'll be responsible for the creation and management of risk analytics projects to solve business problems and achieve objectives. You’ll work consultatively with your leadership and business partners to match quantitative analysis with business needs. We’ll count on you to be the key point of contact linking business goals to technical research. It’s imperative that you have both a working knowledge of quantitative analytics and a clear understanding of business needs. You will need to confident articulating solutions to many levels of leadership.******Job Description********Key Responsibilities:*** Understands and assesses key business needs and responsible for developing the appropriate quantitative modeling solutions to these needs.* Collaborates with departments across the organization or business functions to accomplish strategic goals, objectives, and initiatives.* Builds risk analytic strategies for business problems through collaborating, consulting, and driving expectations.* Collaborates with teams across the enterprise to ensure that consistent model assumptions, processes and outputs are well understood and that modeling standard methodologies are upheld throughout the organization.* Crafts clear and concise summaries of findings and recommendations. Uses impactful storylines and data visualization geared to both technical and non-technical audiences.* Develops, tests, implements and administers complex quantitative modeling processes and tools.* Evaluates and ranks quantitative solutions to business problems.* Communicates the key benefits and limitations of sophisticated modeling tools for business applications.* Works across teams to ensure governance of modeling tools are applied consistently.May perform other responsibilities as assigned.**Reporting Relationships:** Reports to Risk/Actuarial leader.**Typical Skills and Experiences:****Education:** Undergraduate studies in finance, accounting, economics, statistics, mathematics or related subject area required. Graduate-level studies in a related field with advanced degree highly desirable.**License/Certification/Designation:** Progress toward FCAS, FSA, CQF, CFA or similar preferred.**Experience:** Typically, seven or more years of related work experience in financial risk modeling or actuarial functions.**Knowledge, Abilities and Skills:** Proven knowledge of processes and functions spanning the insurance and risk management cycle. Understands machine learning, stochastic processes, Monte Carlo simulations, sampling methods and other statistical techniques applicable to specialized risk modeling. Confirmed mathematical knowledge of specialized risk models such as those used in hedging, economic scenario generation, catastrophe, credit risk, etc. Advanced understanding of risk management operations such as asset-liability management, portfolio risk assessment, hedging, etc. Strong communication and presentation skills. Advanced proficiency with Excel and Powerpoint.Other criteria, including leadership skills, competencies and experiences may take precedence.Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resources Business Partner.**Values:** Regularly and consistently demonstrates Nationwide Values.**Job Conditions:****Overtime Eligibility:** Not Eligible (Exempt)**Working Conditions:** Normal office environment.**ADA:** The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.**Benefits**We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, .Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.
**NOTE TO EMPLOYMENT AGENCIES:**We value the partnerships we have built with our preferred vendors. Nationwide does not #J-18808-Ljbffr