Sr AVP - NF Quantitative Risk Management

OhioX; Columbus (OH); Hybrid; USD 180,000 - 280,000; Full time

Job summary

Nationwide is seeking a Senior AVP of NF Quantitative Risk Management to lead hedge design and execution across protection, investment, and retirement lines. You will guide a cross-functional team, oversee the Enterprise Economic Scenario Generator, and drive innovative risk practices in a Fortune 100 environment.

The role emphasizes advanced quantitative methods, leadership, and collaboration with product and investments to shape hedging strategies and risk reporting.

Qualifications

• Undergraduate degree in Mathematics, Finance, Actuarial Science, or similar.

Responsibilities

• Oversee development and reporting of NF hedging programs (VAs, FIAs, IUL).
• Manage stochastic, GPU-based modeling infrastructure for pricing and hedging.
• Design and evaluate quantitative strategies for life and annuity businesses.
• Partner with product leadership and Investments to refine strategies and hedging.
• Evaluate new risk tools including AI/ML for hedging projections.
• Oversee Enterprise Economic Scenario Generator development for decision support.
• Network with external organizations to advance risk management practices.
• Lead associate performance, salary planning, and reporting.

Skills

Hedging strategies

Risk management

Quantitative modeling

Financial engineering

Leadership

Communication

Education

Undergraduate degree in Mathematics, Finance, Actuarial Science, or similar

Tools

GPU-based modeling infrastructure

Economic Scenario Generator (ESG)

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.

#LI-ML1

Job Description Summary

Our Nationwide Financial Actuarial team members have opportunities to use state-of-the-art tools, are encouraged to innovate, and learn to master actuarial methodologies. If this sounds like a place you could thrive, then we want to know more about you!

Job Description

As the Sr AVP of NF Quantitative Risk Management, you’ll oversee the design and implementation of hedge strategies for the financial guarantees for all NF products across our protection, investment, and retirement business. You’ll manage collaboration across a variety of functions to ensure our hedging and related strategies are in line with our corporate vision and marketplace strategy. You’ll also oversee the development, maintenance, and execution of the NF Economic Scenario Generator, which is a key resource for virtually all decision making for the Nationwide Enterprise.

• Oversees the development, implementation, and reporting associated with all NF hedging programs including Guaranteed benefits associated with Variable Annuities, Fixed Index Annuities, and Indexed Universal Life. Accountable for results of both variable annuity and indexed program hedge programs, including the modeling, quantification, and risk management exposure.
• Oversees the development and maintenance of stochastic, state of the art GPU-based modeling infrastructure used for pricing, risk management, static and dynamic hedging.
• Designs and evaluates quantitative strategies to support our life and annuity businesses, including volatility control, fund mechanisms, and index creation.
• Partners with product leadership to develop and refine product strategies, as well as the Office of Investments to develop and implement new indices for policyholders. Oversees ability to efficiently and effectively hedge all indices we offer to policyholders.
• Evaluates new tools for risk management, including the use of artificial intelligence and machine learning techniques for purposes such as simulating hedging projections. Partners with third party vendors and consultants to continue developing hedge platform.
• Oversees the development, implementation, and maintenance of the Enterprise Economic Scenario Generator, which is used for all financial projections in decision making across the Enterprise.
• Networks with outside organizations to implement and evolve state of the art risk management and hedging practices.
• 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 corrective actions for direct and possibly indirect reports.
• May perform other responsibilities as assigned.

Reporting Relationships

Reports to VP, NFS Chief Actuary. Leads a team of six direct reports and three or more indirect reports.

Typical Skills and Experiences

Education

Undergraduate degree in Mathematics, Finance, Actuarial Science, or field with similar mathematical training preferred.

License/Certification/Designation

Fellow of the Society of Actuaries (FSA) required. Member of the American Academy of Actuaries (MAAA). Certificate of Quantitative Finance (CQF) or similar financial engineering credential preferred.

Experience

Typically, ten or more years of experience in actuarial related work.

Knowledge, Abilities and Skills

Extensive knowledge of risk management practices including financial engineering, stochastic processes, derivatives, actuarial principles, and mathematics. Broad knowledge of the financial services industry, including an understanding of life insurance accounting and finance theory. Excellent communication skills with ability to work effectively with outside audiences, senior management, and internal partners.

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. Some travel may be required.

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.

We currently anticipate accepting applications until 10/20/2026. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

This position could be filled within any of the lower 48 U.S. states. #actuarialSmoke-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

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.

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. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours