As a team member in the Finance and Internal Audit department at Nationwide, the opportunities are endless! You can grow and learn in diverse areas across many disciplines such as Advanced Analytics, Investments, Actuarial, Accounting, Risk Management, Critical Business Advisor and so much more. Let Nationwide help create your career journey!

Responsibilities

The Quantitative Risk Management team is looking for a candidate with strong quantitative acumen demonstrated through rigorous education in a quantitative field (e.g., financial engineering, mathematics, statistics, actuarial science) and/or practical experience. In QRM, we have the opportunity to work on solving the most interesting (and most challenging) quantitative problems at Nationwide. Our associates are highly visible throughout Finance and with our business partners, and our work is critical in influencing financial outcomes for Nationwide. Anticipated responsibilities for this role include:

Ownership of Nationwide’s proprietary real-world economic scenario generator which is widely used across enterprise applications

Expertise in stochastic simulation techniques and application to Nationwide’s financial services products
Development and calibration of new scenario generator models as Nationwide’s product suite and the economic environment evolves
Quarterly scenario production including maintenance and performance of controls
Communication of scenario generator concepts to the wide user base (Actuarial, Enterprise Risk Management, Economics, etc.)
Development and maintenance of scenario generator codebase

Quantitative Finance Expertise

Apply advanced quantitative finance techniques (derivatives theory, Monte Carlo option valuation, etc.) to market-linked insurance products
Advising Nationwide’s finance leadership and business stakeholders on option pricing and index design across NF’s diverse product suite including fixed index annuities, registered index-linked annuities, indexed universal life, and variable annuities with living benefits.

Key Skills To Be Successful In This Role Include

Strong quantitative ability and aptitude in learning new concepts quickly
Understanding of derivative/quantitative finance theory
Preferred experience in indexed annuity/life and/or variable annuities.
Programming ability in Python, MATLAB, GPU coding (CUDA) or other similar languages
Ability to effectively communicate technical concepts to a variety of audiences

This role will be staffed at the internal payband of H5. This role can also be fully remote.

Job Description Summary

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.

Job Description

Key Responsibilities:

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.

Reporting Relationships:Reports to Risk/Actuarial leader.

Typical Skills And Experiences

Education:Undergraduate studies in finance, accounting, economics, statistics, mathematics or related subject area required. Graduate-level studies in a related field with advanced degree highly desirable.

License/Certification/Designation:Progress toward FCAS, FSA, CQF, CFA or similar preferred.

Experience:Typically, seven or more years of related work experience in financial risk modeling or actuarial functions.

Knowledge, Abilities and Skills: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.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.

Values:Regularly and consistently demonstrates Nationwide Values.

Job Conditions

Overtime Eligibility:Not Eligible (Exempt)

Working Conditions:Normal office environment.

ADA:The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Benefits

We have an array of benefits to fit your needs, including: 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, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.

The national salary range for Sr Consultant, Risk Analytics : 129,000.00-244,000.00

The expected starting salary range for Sr Consultant, Risk Analytics : 139,000.00 - 207,000.00