Consultant, ERM Risk Analytics Researcher

As a team member in the Finance 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, Internal Audit, 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 Comp Grade is G5

• Possesses core statistics skills including an understanding of probability and its application to the analysis of data. Able to evaluate sources of variation and identify influential factors/features. Experienced with statistical process control, process monitoring and diagnostics.
• Ability to understand business systems (processes) and the data produced by them – (how did the data get produced and is it a valid representation of the outcome being studied). Demonstrated experience structuring and solving complex business problems.
• Modeling and Machine Learning: Experienced with advanced mathematical modeling techniques including both supervised and unsupervised learning algorithms.  
• Proven experience building practical solutions using predictive modeling. Demonstrated knowledge of and experience with design of experiments.
• Ability to translate analytic findings into actionable communications. Ability to communicate effectively in a variety of mediums with any audience. Capable of developing compelling stories and distinctive data visualizations
• Practical knowledge of model risk management framework, including understanding specific areas of risks
• Domain knowledge of P&C product and business operations is preferred

This is a hybrid position located in Columbus Ohio and you will be required to come into the office two days per week with a preference to come into the office three days per week.

This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.

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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 Consultant, you’ll work on projects associated with the design, development, and application of unique risk models. You’ll need a basic understanding of broad business objectives and will work with business partners across the finance 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. 

• Completes regular testing of risk limits to provide distinct management guidance on asset allocation, risk transfer and product growth decisions.

• Owns complex quantitative modeling processes and philosophies. Identifies industry standards to understand if models are working as intended. 

• Collaborates to ensure that consistent model assumptions, processes and outputs are well understood and that modeling standard methodologies are upheld.

• Reviews and analyzes model output to identify model limitations and their impact. Provides corrective quantitative methods. 

• Crafts and updates model documentation for business