Consultant, ERM Risk Analytics Researcher

As a team member in the Finance 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, Internal Audit, and so much more. 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.

Internal Comp Grade is G5

• Possesses core statistics skills including an understanding of probability and its application to the analysis of data. Able to evaluate sources of variation and identify influential factors/features. Experienced with statistical process control, process monitoring and diagnostics.
• Ability to understand business systems (processes) and the data produced by them – (how did the data get produced and is it a valid representation of the outcome being studied). Demonstrated experience structuring and solving complex business problems.
• Modeling and Machine Learning: Experienced with advanced mathematical modeling techniques including both supervised and unsupervised learning algorithms.  
• Proven experience building practical solutions using predictive modeling. Demonstrated knowledge of and experience with design of experiments.
• Ability to translate analytic findings into actionable communications. Ability to communicate effectively in a variety of mediums with any audience. Capable of developing compelling stories and distinctive data visualizations
• Practical knowledge of model risk management framework, including understanding specific areas of risks
• Domain knowledge of P&C product and business operations is preferred

This is a hybrid position located in Columbus Ohio and you will be required to come into the office two days per week with a preference to come into the office three days per week.

This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.

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Job Description Summary

Do you have the desire to analyze data and perform groundbreaking research to drive business outcomes? Nationwide has been using data to serve our members and drive business outcomes for almost 100 years. Our industry-leading workforce adopts an agile work environment and a collaborative culture to deliver outstanding solutions and results. Our Risk Analytics Researchers play a key role in harnessing the power of data to deliver business results. Specifically, they are responsible for modeling sophisticated problems, discovering insights and identifying business opportunities from data using a variety of techniques from mathematics, actuarial studies, statistics, data science and financial engineering.

As a Consultant, you’ll work on projects associated with the design, development, and application of unique risk models. You’ll need a basic understanding of broad business objectives and will work with business partners across the finance organization to develop solutions to pressing business needs. We’ll count on you to be a subject matter authority in Nationwide’s risks. It’s imperative that you are fully proficient with basic and sophisticated mathematical, statistical and analytical techniques associated with risk modeling.

Job Description

Key Responsibilities:

• Researches and implements financial engineering, data science and statistical techniques for risk management and business applications. 

• Completes regular testing of risk limits to provide distinct management guidance on asset allocation, risk transfer and product growth decisions.

• Owns complex quantitative modeling processes and philosophies. Identifies industry standards to understand if models are working as intended. 

• Collaborates to ensure that consistent model assumptions, processes and outputs are well understood and that modeling standard methodologies are upheld.

• Reviews and analyzes model output to identify model limitations and their impact. Provides corrective quantitative methods. 

• Crafts and updates model documentation for business continuity purposes. 

• Collaborates to develop creative solutions to business problems. 

• Acts as the technology owner for Risk Analytics.

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, five or more years of related work experience in financial risk modeling or actuarial functions. 

Knowledge, Abilities and Skills: Working knowledge of machine learning, stochastic processes, Monte Carlo simulations, sampling methods and other statistical techniques applicable to specialized risk modeling. Prefer mathematical knowledge of specialized risk models such as those used in hedging, economic scenario generation, catastrophe, credit risk, etc. Solid understanding of risk management operations such as asset-liability management, portfolio risk assessment, hedging, etc. Proficient written and verbal communication skills. Intermediate proficiency with Excel and common statistical software such as R, SAS, Python, or MATLAB. 

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 Human Resources 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.