Asset Liability Management Leader

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
** 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.
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* 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:
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* Education:

** Undergraduate degree in finance or quantitative field.
** License/Certification/Designation:
** Actuarial designation (FSA or ASA) or Chartered Financial Analyst (CFA) preferred.
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* 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. …