Assistant Asset Manager Jobs in Ohio (NOW HIRING)

Key Responsibilities:

• Shapes ALM strategies by analyzing investment portfolios, interest rate risks, and liquidity needs to optimize balance sheet performance.

• Collaborates with investment teams to assess long-term asset allocation, evaluate long-term trends, and provide insights on investment risks and opportunities as they relate to ALM objectives.

• Leads the Net Investment Income forecasting process for the Investment Risk-ALM team that includes, but not limited to, preparing and reviewing quarterly forecast assumptions (prepayments, rates, spreads, and investment pool strategies), preparing new money rate assumptions, and leading client-specific deliverables.

• Leads the automation and modernization of legacy models for Net Investment Income forecasting by designing and implementing scalable solutions. This includes modernizing the reporting structures for client deliverables using Power BI/Tableau.

• Monitors capital markets to build and update investment assumptions used in ALM tools and applications. Develops and maintains assumptions, including the complex statistical analysis of historical data and trends.

• Maintains and enhances asset modeling to support pricing, ALM, Corporate Risk Model, and investment income and capital forecasting, such as Operating Plan, Strategic Plan, etc. Utilizes deep knowledge of all types of investments on the balance sheet as well as maintenance of complex models of prepayments / cash flow risk, interest rate risk, credit risk [migration/defaults], equity market risk, inflation risk, etc.

• Partners with other members of the Investment Risk-ALM and Product ALM teams to maintain investment pool assumptions and strategies, analyze new purchase cash flow, along with ensuring accurate alignment of asset terms and holdings data.

• Serves as the primary Investment Risk-ALM team representative in the ongoing enterprise platform redesign initiative by identifying and communicating ALM-related issues, providing actionable feedback, and collaborating with stakeholders to create effective solutions.

• Partners with senior members of the Investment Risk-ALM team to add new asset classes and strategies in the proprietary ALFA model to generate model results for distribution.

• Recommends adjustments to the calibration of Office of Investments' incentive performance (OIP) scorecard, using eVestment database of peer investment manager performance.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Asset Liability Management Leader
Typical Skills and Experiences:
Education: Undergraduate degree in finance or quantitative field. Graduate degree preferred.

License/Certification/Designation: Chartered Financial Analyst (CFA) or actuarial designation (FSA or ASA) preferred.
Experience: Typically, 5 or more years of experience in investments and/or previous insurance company experience. Experience in investments and Asset Liability Management strongly desired and will consider experience in investment risk management. Experience in fixed income, equity, alternative, and derivative asset class concepts and relationships gained through investment management role. Experience with Python and SQL. Experience with advanced analytical tools (Bloomberg, FactSet, FIRM, ADVISE, MG-ALFA, GGY-AXIS, MATLAB, etc.) is a plus.

Knowledge, Abilities and Skills: Working knowledge of data related python packages (pandas and numpy), basic object-oriented programming, and data processing. Deep understanding of capital markets, risk management, insurance products, and insurance capital frameworks (regulatory and rating agency). 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. Ability to apply financial knowledge and methods to address investment questions and facilitate improved decision making. Knowledge of related accounting, and tax concepts is beneficial. Knowledge of insurance and financial services products.
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 Resource Business Partner.
Values: Regularly and consistently demonstrates Nationwide Values.
Job Conditions:
Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment with limited travel.
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.