AVP, Investments and Risk Data Analytics

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.

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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 Investments and Risk Analytics professionals play a key role in transforming quantitative data analysis into meaningful insights that drive business results.

As the AVP, you’ll have a multi-faceted role with intellectually challenging work whose outcomes influence the success of the company. You’ll lead a technically skilled group that measures, analyzes, reports and manages risk in Nationwide’s investment portfolio(s). You’ll work in close collaboration with Investments to assist in achieving high risk adjusted returns through advanced analytics and proactive scenario analysis aligned with Nationwide’s risk appetite and limits.

Job Description

Key Responsibilities:   

• Evaluates new investment strategies and ideas, making recommendations to the Investment Risk Committee and Chief Risk Officer.   

• Leads a team that uses advanced tools, data, and machine learning to solve problems, create new ways of assessing risk and opportunity in the portfolio(s), and to enhance the analysis and understanding of risk adjusted returns. 

• Works closely with Investments and other areas of the company, including in close collaboration with Enterprise Risk Management (ERM), to ensure risk is considered in decisions and are aggregated.   

• Leads a team that identifies, assesses, manages and reports on top and emerging risks in the investment portfolio.   

• Conducts scenario analysis and stress testing to better inform decision making, including portfolio valuation and analytics, impairment and downgrade sensitivity analysis, and portfolio performance analysis.   

• Anticipates and assesses new risk concentrations and concerns.  Identifies opportunities to optimize portfolio risk adjusted returns.   

• Develops a "suite" of risk mitigation strategies to develop a view and determine a course of action.   

• Responsible for rigorous model governance to maintain and ensure accuracy of any models used. 

• Partners with data and technology to produce and report portfolio level descriptive risk statistics (analytics) and security level metrics to be used throughout Investments as the one version of the truth for all reporting, market insights, performance and risk measurement. 

• Oversees associate management including performance management, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement, and disciplinary actions for direct and possibly indirect reports.  

May perform other responsibilities as assigned. 

Reporting Relationships:  Reports to Vice President, Chief Risk Officer - Investments.  Manages a team of four risk analytics professionals.   

Typical Skills and Experiences:   

Education:  Undergraduate degree in risk, finance, accounting, economics, statistics, mathematics or related subject area. Advanced quantitative degree highly desirable.  

License/Certification/Designation: CFA, FRM, CQF preferred. 

Experience:  Typically, 10 or more years of fixed income or equity trading, portfolio management, or risk experience. 

Knowledge, Abilities and Skills:  Expertise with a broad range of fixed income, equity, derivatives, and alternative investments.  Broad market understanding a must.  Demonstrated track record of leadership success and the ability to influence.  Expert in advanced data analytics and programming.   Skilled at critical thinking, executive presence, strong business judgment, decisive, collaborative, with excellent verbal and written communication skills. Substantial aptitude for managing multiple and often unrelated high-pressure situations simultaneously. Proven knowledge of risk management practices.  Deep technical know-how with timeseries analysis, stochastic financial modeling, advanced statistics and with analytical tools such as Aladdin, Moody’s KMV, Bloomberg, Python, MatLab, Databricks, Tableau, Power BI or equivalent.  

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.