Senior, Risk Analytics Researcher

As a team member in the Finance and Internal Audit 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 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.

Internal Compensation Grade : H5

Location : This position can be filled as Hybrid or Remote

This role will be responsible for leading the assessment of catastrophe risk potential associated with Alternative Risks and Reinsurance.

This includes summarizing the catastrophe exposure and modeling results, analyzing risk distribution, and providing thought leadership.

This role will be heavily involved in coordinating with other teams (Finance, Underwriting, Pricing, Model Vendor, etc.) to analyze and communicate modeling results to interested parties.

Preferred Skills Include :

• Experience with Property Reinsurance and Alternative Risk
• Experience with catastrophe models, such as Verisk, RMS, etc.
• Experience with SQL, Databricks or similar programs / coding languages

Job Description Summary

Do you have the desire to analyze data and perform groundbreaking research to drive business outcomes? Nationwide has been using data to serve our members and drive business outcomes for almost 100 years.

Our industry-leading workforce adopts an agile work environment and a collaborative culture to deliver outstanding solutions and results.

Our Risk Analytics Researchers play a key role in harnessing the power of data to deliver business results. Specifically, they are responsible for modeling sophisticated problems, discovering insights, and identifying business opportunities from data using a variety of techniques from mathematics, actuarial studies, statistics, data science, and financial engineering.

As a Senior Consultant, you’ll lead projects associated with the design, development and application of unique risk models.

You’ll need an understanding of strategic business objectives and will work with business partners across the organization to develop solutions to pressing business needs.

We’ll count on you to be a subject matter authority in Nationwide’s risks. It’s imperative that you are fully proficient with basic and sophisticated mathematical, statistical, and analytical techniques associated with risk modeling.

Job Description

Key Responsibilities :

Researches and implements financial engineering, data science and statistical techniques for risk management and business applications.

Creates and tests risk limits to provide guidance on asset allocation, risk transfer, and product growth decisions.

Owns all facets of complex quantitative modeling processes. Ensures models align with industry standards.

Consults and collaborates to ensure model assumptions, processes, and outputs are well understood and that modeling standard methodologies are upheld throughout the organization.

Reviews and analyzes model output to identify model limitations and their impact. Mitigates model limitations with the adaptation of appropriate, corrective quantitative methods.

Creates and owns model documentation for rationale, assumptions and business continuity.

Consults and develops creative and innovative solutions to support strategic business problems.

Acts as the technology owner for risk analytics.

May perform other responsibilities as assigned.

Reporting Relationships : Reports to Risk / Actuarial leader.

Typical Skills and Experiences :

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

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

License / Certification / Designation : Progress toward FCAS, FSA, CQF, CFA or similar preferred.

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

Knowledge, Abilities and Skills : Strong understanding of machine learning, stochastic processes, Monte Carlo simulations, sampling methods and other statistical techniques applicable to specialized risk modeling.

Proven 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.

Sophisticated written and verbal communication skills. Advanced proficiency with Excel and common statistical software such as R, SAS, Python, or MATLAB.

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 Resources 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.

LI-KF1

We currently anticipate accepting applications until 08 / 02 / 2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

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.