ALM/Derivatives Associate

Northwestern Mutual • Milwaukee, WI

3d

About The Position

This role will support the Derivatives Management and Asset Liability Management (ALM) division of the Public Investment department, with a focus on spread lending, annuity product ALM, and hedging programs.

Requirements

• Bachelor’s degree in finance, economics, actuarial science, or a related field required
• 3–5 years of relevant experience in asset allocation, annuity product ALM, derivative execution support, private asset modeling, or related investment analytics roles
• Strong quantitative and analytical skills, with the ability to work with complex data, build insightful analyses, and translate results into clear investment implications
• Strong investment and finance background and passion, with a willingness to ask thoughtful questions and an ability to work collaboratively
• Demonstrates initiative, motivation, and good judgment
• Works well independently, while promoting and contributing to a strong team dynamic
• High ethical and professional standards

Nice To Haves

• CFA designation (or progress towards) or master’s degree preferred
• Experience with Bloomberg, Aladdin, SQL, Python, and/or Snowflake is beneficial

Responsibilities

• Perform ALM analysis for spread lending and annuity products, including duration, key rate duration, and cash flow assessments used to inform investment decisions
• Develop recommendations for ALM activity and repositioning to drive value for annuity products and spread lending program
• Assist with derivative strategy analysis and execution support, and develop knowledge and skill set to execute derivative transactions
• Provide modeling and analytical support related to portfolio assets and liabilities, including private and structured assets
• Partner effectively with portfolio managers, traders, actuaries, accountants, and other stakeholders involved in product and portfolio management
• Maintain a high level of attention to detail, intellectual curiosity, and ownership in delivering accurate analysis for investment decisions

Benefits

• standard pay structure

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level