Sr. AVP, Risk Officer – Specialty Finance

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 were looking for associates who are passionate about delivering extraordinary care.

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Job Description Summary

Do you have the desire to grow a business and play a critical role in shaping business outcomes Our Investment and Risk professionals play a key role in using analysis to create insights that enable Nationwide to provide risk solutions to individual and corporate customers and drive business results. Nationwide Specialty Finance employs a researchdriven teamoriented and resultsfocused approach to create and manage innovative specialty finance insurance solutions such as fund financing structured credit portfolio credit insurance collateral protection and residual value products. These solutions cover complex asset risks on the asset side of the balance sheet delivered through insurance and reinsurance structures that help customers access financial markets more efficiently.

As Sr AVP Risk Officer Specialty Finance you will lead risk analytics and reinsurance for the Specialty Finance business. You will establish and govern the frameworks models processes and management reporting that underpin product risk/return evaluation product structuring portfolio and capital management reinsurance strategy and execution and the related accounting and reserving outcomesdriving disciplined risk-adjusted performance aligned to enterprise capital objectives. You will partner closely with other leaders and senior stakeholders across the company to ensure that risks are identified and quantified appropriately; products and portfolios are modeled and monitored with rigor; reinsurance is structured and placed effectively; and results are booked reserved and operated in line with Nationwides risk appetite limits and financial objectives.

Job Description

Key Responsibilities:

• Own the end-to-end Specialty Finance risk and analytics framework covering pricing capital limits stochastic and deterministic stress modeling and performance measurement.

• Develop and maintain product- and portfolio-level risk/return models including loss distributions capital usage and return on capital for Specialty Finance products.

• Partner with underwriting and investment leads to embed analytical standards (assumptions model use documentation backtesting) into product design deal approval and ongoing monitoring.

• Define and maintain risk appetite statements and limit structures aligned to enterprise risk appetite and limits.

• Lead Specialty Finance risk governance and oversight including the Deal Committee and relevant risk/product committees.

• Ensure model risk management standards are met for all models.

• Integrate exposure measurement into the Office of Investments ecosystem and enterprise risk reporting.

• Sponsor and oversee audit compliance and regulatory reviews for Specialty Finance models processes and controls.

• Partner with Nationwides ceding reinsurance leader to design and execute the Specialty Finance reinsurance strategy and structures including quota share excess of loss and structured solutions that align with product design risk appetite and capital objectives.

• Lead business execution of reinsurance terms data requirements and alignment with underwriting and risk views in coordination with Reinsurance Legal and Enterprise Risk.

• Partner with Finance Controllership Reserving and Actuarial to ensure appropriate GAAP/statutory treatment and reserving methodologies.

• Build and lead a high-performing team and collaborate across underwriting investments controllership reserving technology operations claims and reinsurance to deliver risk-adjusted returns.

• Accountable for the talent management process including oversight of recruiting performance management diversity and inclusion development and training.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to SVP Chief Risk Officer. Leads a team of 3 risk analytics and reinsurance professionals.

Typical Skills and Experiences:

Education: Undergraduate degree in Finance Mathematics Actuarial Science Statistics Economics Engineering or a related quantitative field. Graduate degree (e.g. MBA MS in Finance Financial Engineering Applied Statistics or similar) preferred.

License/Certification/Designation: Professional credentials such as FSA FCAS CFA FRM PRM or CPA strongly preferred.

Experience: Typically 10 or more years of experience in insurance banking asset management or specialty finance with significant exposure to risk analytics and capital modeling operatingmodel and process design for complex financial products and structured credit specialty finance or complex re/insurance transactions. Five or more years people leadership experience.

Knowledge Abilities and Skills: Deep understanding of credit market and liquidity risk as applied to specialty finance structured products or complex re/insurance structures. Strong fluency in risk and financial metrics including capital return on capital and riskadjusted performance measures. Proven ability to translate complex models and structures into clear financial reinsurance and operational requirements for Finance Controllership Reserving Reinsurance Technology and Operations. Proven advanced analytical and problemsolving skills including comfort with data modeling tools and quantitative reasoning. Excellent communication and influence skills with the ability to challenge and collaborate effectively with senior executives technical experts reinsurers and external partners. Strong leadership capabilities including talent development prioritization and execution in a fastmoving entrepreneurial environment.

Other criteria including leadership skills competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring managers leader and Human Resource Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (not eligible)

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.

Benefits

We have an array of benefits to fit your needs including: medical/dental/vision life insurance short and long term disability coveragepaid 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. To learn more about the benefits we offer click here.

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.

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 Sr AVP Risk Officer - Specialty Finance : $163000.00-$339000.00

The expected starting salary range for Sr AVP Risk Officer - Specialty Finance : $163000.00 - $303000.00