Asset Liability Management Leader
National Black MBA Association, Raleigh, North Carolina, United States
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.
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.
Reporting Relationships VP, NF Risk Management & Governance
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.
Values Regularly and consistently demonstrates the Nationwide Values.
Job Conditions Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment with limited travel.
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. Nationwide celebrates diversity and is 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.
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 worked relative to a full-time schedule.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 #J-18808-Ljbffr
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.
Reporting Relationships VP, NF Risk Management & Governance
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.
Values Regularly and consistently demonstrates the Nationwide Values.
Job Conditions Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment with limited travel.
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. Nationwide celebrates diversity and is 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.
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 worked relative to a full-time schedule.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 #J-18808-Ljbffr