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.
Please Note: This role is available for remote work within the United States for suitable candidates.
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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? Nationwide has been serving our members and driving business outcomes for almost 100 years. Our industry-leading workforce thrives in an agile work environment and a collaborative culture and delivers outstanding solutions and results. Our Investment and Risk professionals play a key role in transforming quantitative data analysis into meaningful insights that drive business results.
Nationwide Specialty Finance employs a research-driven, team-oriented, and results-focused approach to create and manage a wide array of innovative specialty finance solutions like collateral protection, residual value, and portfolio insurance. Structured credit plays a critical role in many of these solutions, and understanding, modeling and analyzing these in the context of the product is a critical to the evaluation and pricing of these insurance solutions.
As a Senior Investment Professional on our Specialty Finance team, you will be responsible for analyzing structured credit aspects of these solutions and how they drive risk and return of the specialty finance product. Collaborating with other structured finance and credit experts across the investment teams is an important part of the role. You will also work closely with external partners, and will play an integral part in establishing, maintaining and overseeing underwriting and operating manuals and guidelines.
Job Description
Key Responsibilities:
Drives analysis of innovative specialty finance products involving structured credit, establishing methodologies for evaluation of risk and return, bridging traditional asset-oriented approaches with product- focused views.
Identifies risk and return drivers, develops and models forward-looking scenarios, analyzes relative value, and provides recommendations for pricing of specialty finance products involving structured credit.
Works with structured finance team to adapt existing tools, and develops and enhances new quantitative tools to support the analysis, monitoring and maintenance of products involving structured credit.
Leads fundamental analysis, financial engineering and risk model application(s) and/or implementation efforts related to surveillance and risk management.
Works with the Portfolio Risk Management Credit Risk Team, technology and business leads to adapt risk aggregation methodologies for specialty finance solutions involving structured products.
Leads transaction analysis involving structured credit including participants, collateral, borrower, structure, deal documents and relative value scenario analysis.
Leads portfolio surveillance for products involving structured credit including identification of emerging investment risks, and development and implementation of successful risk mitigation actions.
Develops and executes appropriate portfolio performance attribution analysis.
Communicates analysis and recommendations through written reports, presentations, conversations and meetings with internal and external partners.
Builds relationships with internal and external partners to evaluate new product opportunities and to develop and implement risk monitoring reporting.
Monitors, reviews and evaluates industry, economic, and regulatory trends that impact specialty finance products involving structured credit.
Contributes to enhancement of the team's overall approach to evaluating and managing specialty finance solution opportunities, including evaluation framework, underwriting guidelines, and ongoing management.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to VP, Specialty Finance Leader
Typical Skills and Experiences:
Education: Bachelor’s Degree; MBA, MS or MA in business administration, economics, finance, or CFA preferred.
Experience: 8 to 12 years of related investment experience.
Knowledge, Abilities and Skills:
Solid understanding of structured credit market, fixed income and financial concepts
Understanding of economics and capital markets
Exceptional analytical, critical thinking, and problem-solving capabilities
High energy, positive attitude, collaborative and team oriented
Driven self-starter and capable of working independently
Composed and decisive under pressure or when challenged
Demonstrated curiosity and ability to apply risk and return principles to innovative products
Demonstrates presence with excellent verbal and written communication
Creative, organized, responsive, and detail oriented
Able to build constructive and effective relationships
Critical and creative thinker; comfortable expressing opinions and views to peers and executive leaders
Demonstrates ability to lead and/or influence people and/or strategic initiatives
Proficient in Excel; Bloomberg experience is a plus
Leadership potential
Positive, hardworking, pro-active, and professional
Handles pressure well and capable of managing multiple tasks and projects simultaneously
Ability to successfully coordinate and work across multiple groups
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.
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.
Credit Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.
We currently anticipate accepting applications until 10/20/2024. 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. 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.
This position could be filled within any of the lower 48 U.S. states.Smoke-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.pdfNationwide 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.The national salary range for Senior Investment Professional - Specialty Finance - 112265 : $174,000.00-$290,000.00The expected starting salary range for Senior Investment Professional - Specialty Finance - 112265 : $174,000.00-$290,000.00