AVP, Asset Liability Management

CFA Institute; Columbus (OH); On-site; USD 154,000 - 290,000; Full time

Benefits offered by this job

Medical/dental/vision insurance

Life insurance

Short and long-term disability

PTO 18 days annually

9 paid holidays

401(k) with company match

Company pension plan

Business casual attire

Job summary

Nationwide is seeking a senior Leader of Asset Liability Management (ALM) to shape investment strategy, manage liquidity and capital, and lead a team of ALM professionals. You will partner with investment, treasury, risk, actuarial, and product teams to optimize asset allocation and regulatory compliance.

The role requires a strong quantitative background, extensive ALM or investments experience, and leadership capabilities in a complex financial services environment.

Qualifications

• Understands fixed income, equity, derivative asset class concepts and relationships.
• Experience leading people and projects related to investments and finance.
• 10+ years of experience in investments and/or ALM in financial services preferred.

Responsibilities

• Lead ALM strategies and risk targets for Nationwide Financial portfolios.
• Develop hedging strategies to manage balance sheet risks and liquidity needs.
• Own asset allocation framework and asset warehouse allocation decisions.
• Coordinate with Enterprise Risk Management, Office of Investments, and Valuation teams.

Skills

Fixed income

Capital markets

Risk management

Analytical thinking

Communication skills

Team oriented

Education

Undergraduate degree in finance

Actuarial designation (FSA/ASA) or CFA

Job description

Job Description

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, 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 Description Summary

Do you have the desire to play a critical role in driving data-and risk-based business outcomes? Nationwide has been using data to serve our members and drive business outcomes for almost 100 years. Our industry-leading workforce has a collaborative culture that delivers outstanding solutions and results. Our Risk professionals play a key role in transforming quantitative data analysis into meaningful insights that drive business results.

Job Description

As Leader, Nationwide Financial Asset Liability Management (ALM), you'll play a critical leadership role in shaping investment strategy and risk targets across the Nationwide Financial portfolio. In this role, you'll be responsible for developing and executing ALM strategies that align with the company's liability structures, liquidity needs, and capital requirements. This leader will lead quantitative and qualitative analysis to optimize asset allocation, lead product line balance sheet optimization, manage interest rate and liquidity risks, and support regulatory compliance. The ultimate objective for this role is to build an industry leading ALM function for Nationwide Financial.

Key Responsibilities:

• Leads the development, proactive refinement, and performance management for all investment strategies backing Nationwide Financial liabilities. This is done in collaboration with investment, treasury, and risk teams.
• Leads the development and tracking of hedging strategies to manage balance sheet risks associated with investment strategy dynamics. (i.e. interest rate exposures, time delay exposures, etc.)
• Ownership for driving product, institutional, and M&A deal competitiveness for pricing elements related to ALM factors.
• Key contributor to liquidity risk monitoring and management via defining drivers of liquidity draws and informing liquidity ladder usage for liquidity needs
• Owns development of asset warehouse allocation decision framework to support Nationwide Financial businesses.
• Owns calculation, reporting, and optimization of IMR and internal asset tracking measurements. Connects this information with investment strategy development to further refine actual strategies and approach.
• Advisor to Valuation teams on asset selection and other asset related decisions (IMR, disinvestment, reinvestment) to optimize principles-based reserve and capital calculations.
• Partners with Enterprise Risk Management the Office of Investments to execute ALM strategies and ensure strategies align to risk tolerances.
• Interacts with regulatory bodies and trade groups on actuarial elements of ALM for Nationwide Financial
• Provide thought leadership across modeling and forecasting of investment income, capital, liquidity, and other asset related aspects to actuarial functions.
• Lead balance sheet optimization across multiple product lines in partnership with business line CFOs, actuarial, and business product teams.
• Build and maintain quantitative risk frameworks to support ALM decisions and monitor risks.
• Ensure compliance with regulatory requirements and internal risk policies both domestically and in evaluating potential offshore opportunities.
• Serve as a key liaison to the Asset Liability Committee (ALCO) and other governance bodies.
• Represent ALM in enterprise risk forums and strategic planning sessions.
• Lead a team of ALM professionals and analysts, providing mentorship and performance oversight.
• Works with Controllership, Accounting Policy and Tax to support asset and asset related accounting decisions.
• Drive modernization of reporting ecosystems and automation initiatives.

May perform other responsibilities as assigned.

Reporting Relationships:

VP, NF Risk Management & Governance

Typical Skills and Experiences:

Education: Undergraduate degree in finance or quantitative field.

License/Certification/Designation: Actuarial designation (FSA or ASA) or Chartered Financial Analyst (CFA) preferred.

Experience: 10 or more years of experience in investments and/or previous ALM experience within the financial services industry preferred. Significant experience leading people and projects related to investments and finance strongly preferred.

Knowledge, Abilities and Skills:

Understands fixed income, equity, alternative, and derivative asset class concepts and relationships. Knowledge of insurance and financial services products. Collaborative with exceptional analytical, critical thinking, and problem-solving capabilities. Excellent written and verbal communication skills. Team oriented. Composed and decisive under pressure or when challenged. Driven, self-motivated, and inquisitive. Creative, organized, responsive, and detail oriented. Able to apply financial knowledge and methods to address investment questions and facilitate improved decision making. Deep understanding of capital markets, risk management, insurance products, and insurance capital frameworks (regulatory and rating agency). Knowledge of related accounting, and tax concepts is beneficial.

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 Resource Business Partner.

Values:

Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment with limited travel.

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

• 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

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.

NOTE TO EMPLOYMENT AGENCIES:

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.

The national salary range for Asset Liability Management Leader - 112606 : $154,000.00-$290,000.00

The expected starting salary range for Asset Liability Management Leader - 112606 : $154,000.00 - $258,000.00