Consultant, Risk Analytics

Nationwide•Columbus, OH

10h•$118,000 - $222,000•Onsite

About The Position

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. Do you have the desire to play a critical role in driving data-based business outcomes? Nationwide has been using data to serve our members and drive business outcomes for almost 100 years. Our industry-leading workforce accepts an agile work environment and a collaborative culture to deliver outstanding solutions and results. Our Risk Analytics professionals play a key role in transforming quantitative data analysis into meaningful insights that drive business results. Specifically, they serve as the conduit joining quantitative risk analysts to business partners. 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.

Requirements

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.
Undergraduate studies in finance, accounting, economics, statistics, mathematics or related subject area required.
Typically, seven or more years of related work experience in financial risk modeling or actuarial functions.
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.
Advanced proficiency with Excel and Powerpoint.

Nice To Haves

Preferred professional designations (or progress toward them): CFA, FRM, or FSA.
Graduate-level studies in a related field with advanced degree highly desirable.
Progress toward FCAS, FSA, CQF, CFA or similar preferred.

Responsibilities

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.
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.

Benefits

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