Director - ISD, Spread Lending

Northwestern Mutual • Milwaukee, WI

7d • Hybrid

About The Position

This role will be responsible for managing Northwestern Mutual’s spread lending business, overseen by and alongside the SAA & SL Team lead. This includes developing and executing spread lending strategy, operations, and investor relations/marketing. The Director will oversee 2 direct reports.

Requirements

• Bachelor’s or Master’s degree in finance, economics, actuarial science, accounting, computer science/engineering or related field (or equivalent work experience).
• A professional designation (CFA/ASA/FSA/CPA) is required with a bachelor’s degree.
• Multiple years of related and relevant work experience.
• Strong work ethic and communication skills.
• Strong understanding of fixed income assets, derivatives, ALM, and risk metrics.
• Understanding of the life insurance and annuity market, FABN market.
• Familiarity with statutory financials, life insurer regulations and risk-based capital.
• Intellectual curiosity in insurance, investments, and financial markets.
• Thinks with an enterprise mindset.

Responsibilities

• Develop, execute, and manage spread lending investing and financing strategy, delivering program and profitability objectives
• Manage funding agreement backed note (FABN), funding agreement backed commercial paper (FACP), and Federal Home Loan Bank (FHLB) funding programs
• Bank and investor relations – manage and enhance investment bank relationships, in-person investor marketing across US and international cities multiple times annually
• Execute primary bond market FABN issuance and enterprise coordination
• Achieve ALM and risk management objectives
• Develop and grow direct reports
• Oversee and manage team reports, trackers, weekly pricing, and business projections
• Oversee and manage team operations including daily cash management, FACP issuance, FABN maturity, and investment deployments
• Internal and external spread lending communications and reporting
• Maintain strong working relationships across the department/function/enterprise

What This Job Offers

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