Consultant, Risk Management - Third Party Risk

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.

The ideal candidate will also have experience with the following:

• Proficiency in data analysis and visualization techniques.
• Ability to create meaningful visualizations that effectively communicate insights to third-party risk key stakeholders and senior management.

It is our intention to fill this role in Columbus, Ohio. However, on occasion, applications from internal candidates working remotely who bring critical industry skills and relevant experience may be considered. This will be a hybrid role with the team coming into the office Tuesdays and Wednesdays.

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 apply risk management practices to drive business outcomes? Nationwide has been managing risk to serve our members and affects results for almost 100 years. Our industry-leading workforce embraces an agile work environment and a collaborative culture to deliver outstanding solutions and results.

As a Consultant, you'll play a key role in ensuring our business partners have a clear understanding of the risks we take. You'll also have an opportunity to proactively manage these risks to ensure we meet our growth, capital and return business objectives. You'll weigh in on our risk management options across our businesses and operations to appropriately balance risk and reward for achievement of our mission, vision and strategic goals.

Job Description

Key Responsibilities:

• Consults with business partners on sophisticated enterprise risk management (ERM) philosophies, policies and practices. Crafts risk policies and coordinates risk management efforts. 

• Analyzes and measures enterprise risks. Performs stress testing, scenario analysis and other techniques to understand potential impacts to the modeled results.

• Links risk management to Nationwide’s strategy while enhancing risk diversification, protecting capital strength and supporting the achievement of risk-adjusted target returns.

• Handles risk monitoring and reporting processes. Defines standard enterprise risk metrics/measures for all significant risks.

• Leads initiatives associated with the identification, assessment, prioritization, and reporting of financial, operational and strategic risks to Nationwide. 

• Researches and analyzes risk findings/issues and recommends appropriate solutions to business partners. 

• Develops, implements and maintains the department governance, risk and controls software applications. 

• Owns specialized department training and ERM communication initiatives. Facilitates training and may attend conferences. 

May perform other responsibilities as assigned. 

Reporting Relationships: Reports to Risk/Actuarial leader. 

Typical Skills and Experiences: 

Education: Undergraduate studies in finance, accounting, economics, statistics, mathematics or related subject area required. Graduate-level studies in a related field with advanced degree highly desirable. 

License/Certification/Designation: None required. Progress toward CPA, CFA, or similar preferred.

Experience: Typically, five or more years of related work experience in insurance and/or the financial services industry. 

Knowledge, Abilities and Skills: Proficient analytical skills to build solutions for sophisticated risk management problems. Proven knowledge in risk management and the insurance industry. Confirmed ability to accomplish all activities related to the development and impl