Senior Investment Analyst - Liquid Markets

Nationwide Mutual Insurance•Columbus, OH

10d•Hybrid

About The Position

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, 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. Manage daily liquidity needs of client portfolios given unique portfolio objectives and liquidity targets. Identify, execute, and monitor investment opportunities across various asset types including, but not limited to, Money Market Funds, Treasury Bills, Agency Discount Notes, Commercial Paper, and Reverse Repurchase Agreements. Oversee collateral management function by selecting and optimizing collateral for statutory deposits, liquidity lines, funding agreement/securities-based lending programs, derivatives, and other uses. Oversee Securities Lending Program. Monitor positions, activity, and P&L. Identify, recommend, and implement revenue enhancement and risk mitigation strategies. Identify, evaluate, and execute cost-efficient funding strategies—such as Repurchase Agreements, liquidity facilities, and other secured or unsecured financing channels—to optimize the firm’s borrowing costs and support portfolio needs. Support reporting and monitoring efforts for collateral management, asset warehousing, and funding platforms Develop and maintain a Liquid Markets relative value framework, regularly communicating ideas and investment opportunities to portfolio managers and other constituents. Expand capabilities in Liquid Markets by researching, evaluating, and recommending new asset types, investment strategies, and trading platforms. Build and maintain relationships with external trading partners and vendors, capturing and communicating relevant research, trade ideas, and execution strategies. Establish and maintain external trading accounts, approved issuer/fund lists, and process documentation. Prepare and conduct monthly portfolio performance reviews, periodic asset class risk reviews, peer analyses, and ongoing fund due diligence reviews. Drive enhancement of investment processes, technology, analytics, and reporting capabilities including portfolio monitoring and cash flow forecasting. Serve as back-up to Rates trader/portfolio manager. Perform ad hoc projects, analysis, and other roles as requested across Nationwide Investments. Reports to Senior Investment Professional - Liquid Markets. This position will be hired on a SuccessFlex basis. The hired associate must reside within 35 miles of the following location: Columbus: One Nationwide Plaza, Columbus OH, 43215 Work schedule: 3 days in office, 2 days remote. This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program. #LI-SS1 Job Description Summary Nationwide’s vision is to be the most trusted, most caring and most customer-focused protection company. We exist to protect people, businesses and futures with extraordinary care. The Nationwide Investments team manages approximately $130 billion and strives to combine client focus, investment discipline and teamwork to deliver superior results. The Enterprise Portfolio Management - Senior Investment Analyst assists in the development and communication of investment strategy and portfolio management activities for general account, separate account and third-party multi-asset class portfolios. The role is directly involved in supporting cross market relative value analysis, interest rate positioning, asset allocation and monitoring of performance and compliance within investment policies and guidelines for client portfolios.

Requirements

Undergraduate degree.
4 to 7 years of investment experience.
Demonstrates presence with excellent verbal and written communication skills
Must be particularly well-organized, responsible, capable of delivering requests on time, and able to multi-task
Results driven, self-motivated, and intellectually inquisitive
Positive, hardworking, pro-active, and professional
Highly collaborative and team oriented
Critical and creative thinker willing to express opinions and views
Strong analytical and problem-solving skills
Capable of working independently and uses some judgement with oversight required for overall task
Experienced understanding of asset liability management concepts, asset allocation, interest rate risk and credit risk and liquidity
Excellent mathematical and statistical skills with proven ability to analyze qualitative and quantitative information and external factors that may influence or have an impact on the financial markets, the economy, and the company
Command of research skills necessary to analyze financial market and macroeconomic trends
Strong functional capability with Microsoft Office (Excel, Word, PowerPoint), Bloomberg, thinkFolio

Nice To Haves

MBA, MS or MA in business administration, economics, finance, or CFA preferred.

Responsibilities

Manage daily liquidity needs of client portfolios given unique portfolio objectives and liquidity targets.
Identify, execute, and monitor investment opportunities across various asset types including, but not limited to, Money Market Funds, Treasury Bills, Agency Discount Notes, Commercial Paper, and Reverse Repurchase Agreements.
Oversee collateral management function by selecting and optimizing collateral for statutory deposits, liquidity lines, funding agreement/securities-based lending programs, derivatives, and other uses.
Oversee Securities Lending Program.
Monitor positions, activity, and P&L.
Identify, recommend, and implement revenue enhancement and risk mitigation strategies.
Identify, evaluate, and execute cost-efficient funding strategies—such as Repurchase Agreements, liquidity facilities, and other secured or unsecured financing channels—to optimize the firm’s borrowing costs and support portfolio needs.
Support reporting and monitoring efforts for collateral management, asset warehousing, and funding platforms
Develop and maintain a Liquid Markets relative value framework, regularly communicating ideas and investment opportunities to portfolio managers and other constituents.
Expand capabilities in Liquid Markets by researching, evaluating, and recommending new asset types, investment strategies, and trading platforms.
Build and maintain relationships with external trading partners and vendors, capturing and communicating relevant research, trade ideas, and execution strategies.
Establish and maintain external trading accounts, approved issuer/fund lists, and process documentation.
Prepare and conduct monthly portfolio performance reviews, periodic asset class risk reviews, peer analyses, and ongoing fund due diligence reviews.
Drive enhancement of investment processes, technology, analytics, and reporting capabilities including portfolio monitoring and cash flow forecasting.
Serve as back-up to Rates trader/portfolio manager.
Perform ad hoc projects, analysis, and other roles as requested across Nationwide Investments.
Works independently and has limited oversight.
Has an experienced understanding of relative value, interest rate risk management, asset allocation and performance and attribution.
Provides input into the development of cross market relative value, duration and curve positioning and overall asset allocation decisions to achieve multiple client objectives and outperform benchmarks and peers.
Gathers, analyzes, monitors, and disseminates quantitative and qualitative data about the macroeconomic and market trends as well as the various asset classes, including government securities, spread product, equities, currencies, and alternatives.
Develops and maintains financial models to provide critical signals and insights in rates, bonds and equities in both domestic and international markets.
Monitor general account portfolio performance, cashflows and asset allocation, providing analytical and administrative support to portfolio managers.
Monitor policy limits, risk guidelines and tracks supportable rates.
Develops and maintains relationships with internal business partners to help ensure effective development, communication and execution of investment strategy.
May communicate investment strategy with internal business partners.
Prepares materials and reporting to facilitate communication of investment strategy.
May perform other duties 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