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Nationwide · 9 hours ago

Consultant, Risk Analytics

Columbus, OH

Full-time

Onsite

Mid, Senior Level

$118K/yr - $178K/yr

5+ years exp

Nationwide is a leading insurance and financial services company focused on delivering extraordinary care to its customers. In this role, you will play a critical part in capital risk management by developing and managing quantitative models that support risk analytics and business objectives.

BankingFinancial ServicesInsuranceLife Insurance

No H1B

Responsibilities

Develop new quantitative models that support asset risk analytics and product underwriting. Translate strategic priorities into operational reality. Enable efficient modeling for production and ad-hoc analysis purposes

Own the operation, maintenance, and continued improvement of the Tier 1 fixed income credit risk model

Own the operation, maintenance, and continued improvement of the Tier 1 equity/alternative asset risk model

Drive quarterly capital adequacy tests. Support enterprise target capital framework and ad-hoc stress test

Support investment risk analytics and governance. Provide modeling insights for investment risk budget and sector guidelines. Enhance portfolio risk modeling and management

Partner with Model Risk Management on model validation and governance

Prepare risk reporting to executive committees, including the Board, EFRC, and ERCR

Understands and assesses key business needs and responsible for developing the appropriate quantitative modeling solutions to these needs

Collaborates with departments across the organization or business functions to accomplish strategic goals, objectives, and initiatives

Builds risk analytic strategies for business problems through collaborating, consulting, and driving expectations

Collaborates with teams across the enterprise to ensure that consistent model assumptions, processes and outputs are well understood and that modeling standard methodologies are upheld throughout the organization

Crafts clear and concise summaries of findings and recommendations. Uses impactful storylines and data visualization geared to both technical and non-technical audiences

Develops, tests, implements and administers complex quantitative modeling processes and tools

Evaluates and ranks quantitative solutions to business problems

Communicates the key benefits and limitations of sophisticated modeling tools for business applications

Works across teams to ensure governance of modeling tools are applied consistently

Qualification

Quantitative modelingPythonInvestment risk analyticsMicrosoft ExcelCFA/FRM/FSAData visualizationCommunication skillsCollaboration

Required

Strong quantitative modeling skills with proficiency in Python for statistical and data analysis

Solid understanding of economics and investment asset classes

Proficiency with Microsoft Excel

Strong communication skills and the ability to articulate complex modeling concepts to senior leaders

Preferably 5+ years of experience in quantitative risk modeling

Undergraduate studies in finance, accounting, economics, statistics, mathematics or related subject area required

Proven knowledge of processes and functions spanning the insurance and risk management cycle

Strong communication and presentation skills

Advanced proficiency with Excel and Powerpoint

Preferred

Preferred professional designations (or progress toward them): CFA, FRM, or FSA

Graduate-level studies in a related field with advanced degree highly desirable

Progress toward FCAS, FSA, CQF, CFA or similar preferred

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

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

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

And more.

Company

Nationwide

Glassdoor3.9

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.

Founded in 1925

Columbus, Ohio, USA

10001+ employees