Sr Consultant, Risk Analytics

Nationwide Mutual Insurance•Columbus, OH

1d•$149,000 - $262,000•Hybrid

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. Job Profile Summary: Critical senior level actuarial modeling role to drive asset modeling development and execution in Moody’s AXIS or MG-ALFA. Support valuation, forecasting, pricing, and risk management. Provide technical expertise to modeling methodologies. Drive implementation of complex asset types and investment strategies, oversee annual asset adequacy testing, and mentor team members. This role offers great visibility to senior leadership, opportunities for career growth, and flexible work arrangements. Supportive, respectful work environment with strong commitment to professional development. Location: This position can be filled as Hybrid or Remote This is a senior individual contributor role and can be adjusted for more junior-level applicants. 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 Senior Consultant, you’ll be responsible for the creation and management of risk analytics projects to solve business problems and objectives. You’ll work strategically and consultatively with business partners across the organization to match quantitative analysis with business needs. We’ll count on you to be the key point of contact, linking business to technical research. It’s imperative that you have both a confirmed understanding of quantitative analytics and that you are able to expertly articulate solutions to many levels of leadership.

Requirements

Strong Moody’s AXIS and/or MG-ALFA modeling skills with thorough understanding of asset modules, fund level assumptions, and reinvestment switches/options.
Solid understanding of all investment asset types.
Proficiency in at least one programming language for quantitative analysis (Python, R, MATLAB, SQL, etc.).
Proficient in Microsoft Excel.
Strong communication skills; able to articulate complex modeling concepts to senior leaders.
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.
Sophisticated communication and presentation skills.
Advanced proficiency with Excel and Powerpoint.

Nice To Haves

10 years of relevant asset modeling experience
FSA Designation
Graduate-level studies in a related field with advanced degree highly desirable.
Progress toward FCAS, FSA, CQF, CFA or similar preferred.
Other criteria, including leadership skills, competencies and experiences may take precedence.

Responsibilities

Responsible for developing and enhancing asset data processes, enabling efficient modeling of those assets for production and ad-hoc analysis purposes.
Drive the asset modeling function, translating strategic priorities into operational reality; align communication, accountabilities, resource capabilities, and internal processes to ensure measurable and sustainable results.
Lead implementation of complex asset types (structured securities, hybrid securities), investment/reinvestment strategies, cash flow behaviors, and regulations in Moody’s AXIS and MG-ALFA.
Oversee QE asset model staging for production, for multiple lines of business.
Lead asset modeling for annual asset adequacy tests (AAT).
Train and onboard associates on asset modeling in Moody’s AXIS or MG-ALFA.
Understands and assesses key business needs.
Proactively owns the strategic development of appropriate quantitative modeling solutions.
Collaborates with organizational departments or business functions to accomplish strategic goals, objectives, and initiatives.
Builds risk analytic strategies for business problems through collaborating, consulting and driving expectations.
Leads in the understanding and analysis of models across the enterprise to ensure that model assumptions, processes and outputs are well understood and that modeling standard methodologies are upheld.
Crafts clear and concise summaries of findings and recommendations.
Uses impactful storylines and data visualization geared to both technical and non-technical audiences.
Drives business value through crafting and communicating strategic business solutions to leaders.
Leads all aspects of development, testing, implementation and administration of quantitative modeling processes and tools.
Evaluates and ranks quantitative solutions to business problems.
Leads communication of the key benefits and limitations of sophisticated modeling tools for business applications.
Leads governance of modeling tools and ensures they 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