Specialist, Risk Management

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 we’re looking for associates who are passionate about delivering extraordinary care.

This is a Specialist position on the Third-Party Risk Management team:

• Work independently and adapt quickly to changing priorities, business needs, and risk-management activities.
• Support the team by gathering, organizing, validating, and synthesizing information for recurring and ad hoc reporting.
• Prepare clear, accurate, and timely reports, presentations, dashboards, and other materials for team and stakeholder use.
• Develop, coordinate, and maintain training materials and resources to support consistent understanding and execution of risk-management processes.
• Create, update, and maintain team Standards, Standard Operating Procedures, process documentation, and related guidance.
• Perform assurance activities in support of a second-line risk-management function, including planning, evidence review, analysis, documentation, issue identification, and follow-up.
• Apply sound judgment and attention to detail when evaluating information, identifying gaps, and escalating potential risks or control concerns.
• Monitor and manage the team mailbox, ensuring incoming requests and inquiries are reviewed, categorized, assigned, and addressed in a timely manner.
• Triage tickets and other requests based on urgency, risk, complexity, and the appropriate team or subject-matter expert.
• Coordinate follow-up and track requests through resolution, maintaining accurate records and communicating status updates to relevant stakeholders.

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

It is our intention to fill this role in Columbus, OH. The hired associate must reside within 35 miles of One Nationwide Plaza, Columbus OH, 43215. 

This position will be hired on a SuccessFlex basis. You will be required to come into the office, according to the department's current hybrid schedule.

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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 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.

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

Job Description

Key Responsibilities:

• Supports and collaborates with business partners on Nationwide's risk taking philosophies, processes and practices. Builds strong data governance practices. 

• Aids in analysis and measurement of enterprise risks. Assists in stress testing, scenario analysis and other techniques to understand potential impacts to the modeled results.

• Learns to link risk management to business unit goals while enhancing risk diversification, protecting capital strength and supporting the achievement of risk-adjusted target returns. 

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

• Conducts research and analysis of enterprise risk management (ERM) findings/issues and recommends appropriate solutions to business partners. 

• Assists with maintaining governance, risk and controls software applications.

• Creates and maintains department training and communication initiatives. Develops intranet site content, presentations, newsletters. May facilitate training or 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. 

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

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

Knowledge, Abilities and Skills: Basic analytical skills to build solutions for sophisticated risk management problems. Basic knowledge in risk management and the insurance industry. Proven understanding of development and implementation of ERM processes. Proficient written and verbal communication skills. Basic presentation skills. Some project management skills. Ability to analyze financial and statistical data and make recommendations. 

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 Resources Business Partner.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Occasional travel. Non-standard or extended hours may be required based on project needs.

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 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.

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 Specialist, Risk Management : $79,500.00-$148,500.00

The expected starting salary range for Specialist, Risk Management : $79,500.00 - $119,500.00