Northwestern Mutual is hiring a Director to lead the management and strategy of our spread lending business. This role is a key leadership position on the Strategic Asset Allocation and Spread Lending team, responsible for overseeing operations, investor relations, and the development of 2 direct reports.
What You'll Do
- Develop, execute, and manage spread lending investing and financing strategy to meet program and profitability goals.
- Manage Funding Agreement Backed Note (FABN), Funding Agreement Backed Commercial Paper (FACP), and Federal Home Loan Bank (FHLB) funding programs.
- Manage and enhance investment bank relationships and conduct in-person investor marketing across US and international cities multiple times per year.
- Execute primary bond market FABN issuance and coordinate efforts across the enterprise.
- Meet Asset-Liability Management (ALM) and risk management objectives.
- Develop and grow direct reports.
- Oversee team reports, trackers, weekly pricing, and business projections.
- Manage team operations including daily cash management, FACP issuance, FABN maturity, and investment deployments.
- Handle all internal and external spread lending communications and reporting.
- Maintain strong working relationships across the department, function, and enterprise.
What We're Looking For
- A Bachelor’s or Master’s degree in finance, economics, actuarial science, accounting, computer science/engineering, or a related field (or equivalent work experience).
- A professional designation (CFA, ASA, FSA, or CPA) is required with a bachelor’s degree.
- Multiple years of related and relevant work experience.
- Strong work ethic and communication skills.
- A strong understanding of fixed income assets, derivatives, ALM, and risk metrics.
- Understanding of the life insurance and annuity market and the FABN market.
- Familiarity with statutory financials, life insurer regulations, and risk-based capital.
- Intellectual curiosity in insurance, investments, and financial markets.
- An ability to think with an enterprise mindset.
Technical Stack
- MS Office, Excel, Power BI
- Bloomberg, Aladdin
- Snowflake
- Actuarial or ALM Modeling Software (e.g., MG-ALFA, Prophet, GGY Axis)
Team & Environment
You will be a key leader on the Strategic Asset Allocation and Spread Lending team (SAA & SL Team) within the Investment Strategy Department.
Work Mode
This role follows a hybrid work model and is based in Milwaukee, WI.
Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce.
