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Asset Liability Management Leader
Location:
Columbus Metro
Description:
As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor and so much more. 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.#LI-SJ1 Job Description Summary Do you have the desire to play a critical role in driving data-and risk-based business outcomes? Nationwide has been using data to serve our members and drive business outcomes for almost 100 years. Our industry-leading workforce has a collaborative culture that delivers outstanding solutions and results. Our Risk professionals play a key role in transforming quantitative data analysis into meaningful insights that drive business results. As the leader of the Enterprise Risk Management (ERM) Asset Liability Management (ALM) Team, you will set investment strategy and risk targets across the organization that help to ensure the availability of funds necessary to serve our customers in their greatest times of need over the short and the long-term. You'll lead strategic asset allocation (SAA), investment strategy, and investment risk projects for our business partners across the enterprise, including Nationwide Financial, Property & Casualty, Pension, 401(h), and Foundation. You will present investment risk and strategy recommendations to senior leadership across the company, focusing on impact to statutory and GAAP results, volatility, and capital. You'll also lead asset modeling efforts that support risk management, new business pricing, investment income forecasting, capital planning, and ongoing reporting to state regulators and rating agencies. Job Description Key Responsibilities: Leads ongoing strategic asset allocation studies for Property & Casualty, Nationwide Retirement Plan, Nationwide retiree medical [401(h)] plan, and Nationwide's charitable foundation. Performs asset allocation studies for other clients, such as new ventures and internal plans as needed. These investment strategies will include fixed income, equity, alternative and derivative asset classes. Communicates investment strategy, risk limit recommendations, and periodic performance updates to senior leadership / governing bodies for each client, including Enterprise Financial Risk Committee, Benefits Investment Committee, NF Risk Committee, NF Product Risk Committee, Investments Risk Committee, etc. Partners with Nationwide Financial (NF) to set investment risk management guidelines, targets, and limits for insurance and annuity products sold by NF. These investment guidelines include asset allocation targets and limits for duration, credit risk, alternative investments, floating rate exposure and other components of risk. Furthermore, critically supports business objectives by seeking out and evaluating new investment ideas for suitability with client objectives. Collaborates with Enterprise Portfolio Management and Asset Management to provide representative investment strategies to NF to support pricing, ALM, Corporate Risk Model, and investment income forecasting. Monitors capital markets to build and update investment assumptions used in ALM tools and applications. Updates are key to business strategy execution as most products critically depend on new money yields. Develops and maintains assumptions, including the complex statistical analysis of historical data and trends. Manages annual fund-of-funds asset allocation modeling for NF IMG team and leads Nationwide Asset Management (NWAM) Asset Allocation Committee Oversees asset modeling to support risk management, new business pricing, ALM, Corporate Risk Model, and investment income and capital forecasting, such as Operating Plan, Strategic Plan, etc. Ensures continued appropriateness of assumptions and asset models overall, for all applications that use asset modeling. Interacts with regulatory and rating agency teams regarding investment risk and ALM concerns. Recommends adjustments to the calibration of Office of Investments' incentive performance (OIP) scorecard, using eVestment database of peer investment manager performance. Consults with Benefits Finance on investment concerns related to Nationwide's benefit plans. Manages and develops a team of high performing, experienced investment risk professionals who are skilled in quantitative matters related to capital markets and risk management. May perform other responsibilities as assigned Reporting Relationships: Reports to VP, Investments & IMG Chief Risk Officer. Leads a team of 4 or more direct reports. Typical Skills and Experiences: Education: Undergraduate degree in finance or quantitative field. Graduate degree preferred. License/Certification/Designation: Chartered Financial Analyst (CFA) or actuarial designation (FSA or ASA) preferred. Experience: Typically, 10 or more years of experience in investments and/or previous insurance company experience. Experience with ALM and/or investment risk management is preferred. Significant experience leading people and projects related to investments and finance strongly preferred. Knowledge, Abilities and Skills: Understands fixed income, equity, alternative, and derivative asset class concepts and relationships. Knowledge of insurance and financial services products. Exceptional analytical, critical thinking, and problem-solving capabilities. Excellent written and verbal communication skills. Team oriented. Composed and decisive under pressure or when challenged. Driven, self-motivated, and inquisitive. Creative, organized, responsive, and detail oriented. Able to apply financial knowledge and methods to address investment questions and facilitate improved decision making. Deep understanding of capital markets, risk management, insurance products, and insurance capital frameworks (regulatory and rating agency). Knowledge of related accounting, and tax concepts is beneficial. Experience with advanced analytical tools used by the team (MG-ALFA, GGY-AXIS, FIRM, ADVISE, MATLAB, Python, FactSet, Bloomberg, etc.) is a plus. 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 Resource Business Partner. Values: Regularly and consistently demonstrates Nationwide Values. Job Conditions: Overtime Eligibility: Not Eligible (Exempt) Working Conditions: Normal office environment with limited travel. 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. Credit/Background Check: Due to the fiduciary accountabilities within this job, a valid credit and/or background check will be required as part of the selection process. 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, click here .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. Requisition #: 87313erp5z7ybl
Company:
Nationwide
Posted:
April 9 on JobsWeb
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More About this Listing: Asset Liability Management Leader
Asset Liability Management Leader is a Executive Manager Job at Nationwide located in Columbus OH. Find other listings like Asset Liability Management Leader by searching Oodle for Executive Manager Jobs.
Asset Liability Management Leader is a Executive Manager Job at Nationwide located in Columbus OH. Find other listings like Asset Liability Management Leader by searching Oodle for Executive Manager Jobs.