Northwestern Mutual

ALM/Derivatives Associate

Northwestern Mutual$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in finance, economics, actuarial science, or related field; CFA or master's preferred
  • 3-5 years experience in asset allocation, ALM, derivative execution, or investment analytics
  • Strong quantitative, analytical, and data analysis skills
  • Experience with Bloomberg, Aladdin, SQL, Python, and/or Snowflake is beneficial
  • Demonstrates initiative and strong ethical standards

Responsibilities

  • Perform ALM analysis for spread lending and annuity products
  • Develop recommendations for ALM activities to drive value
  • Assist in derivative strategy analysis and execution
  • Provide modeling support related to portfolio assets and liabilities
  • Collaborate with portfolio managers, traders, actuaries, and stakeholders
  • Maintain high attention to detail and ownership in analyses

Benefits

  • Collaboration with portfolio management professionals and stakeholders
  • Exposure to advanced analytical tools and financial modeling
  • Work in a dynamic investment environment focusing on impactful products
  • Opportunity to contribute to high-stakes investment decisions
  • Professional growth with a focus on teamwork and ethical standards
Full Job Description

About the Job:

This role will support the Derivatives Management and Asset Liability Management (ALM) division of the Public Investment department, with a focus on spread lending, annuity product ALM, and hedging programs.

What You'll Do:

  • Perform ALM analysis for spread lending and annuity products, including duration, key rate duration, and cash flow assessments used to inform investment decisions
  • Develop recommendations for ALM activity and repositioning to drive value for annuity products and spread lending program
  • Assist with derivative strategy analysis and execution support, and develop knowledge and skill set to execute derivative transactions
  • Provide modeling and analytical support related to portfolio assets and liabilities, including private and structured assets
  • Partner effectively with portfolio managers, traders, actuaries, accountants, and other stakeholders involved in product and portfolio management
  • Maintain a high level of attention to detail, intellectual curiosity, and ownership in delivering accurate analysis for investment decisions

What You'll Bring to the Role:

  • Bachelor’s degree in finance, economics, actuarial science, or a related field required; CFA designation (or progress towards) or master’s degree preferred
  • 3–5 years of relevant experience in asset allocation, annuity product ALM, derivative execution support, private asset modeling, or related investment analytics roles
  • Strong quantitative and analytical skills, with the ability to work with complex data, build insightful analyses, and translate results into clear investment implications
  • Experience with Bloomberg, Aladdin, SQL, Python, and/or Snowflake is beneficial
  • Strong investment and finance background and passion, with a willingness to ask thoughtful questions and an ability to work collaboratively
  • Demonstrates initiative, motivation, and good judgment
  • Works well independently, while promoting and contributing to a strong team dynamic
  • High ethical and professional standards

Skills You Will Have:

  • Adaptive Communication: Formulates strategies to be used to convey complex information about services, products, systems, or processes to targeted audiences; communicates and liaises between technical and non-technical audiences.
  • Attention to Detail: Focuses on specific details to spot and correct errors in advance of them being found and surpass quality expectations. Performs work with thorough proofreading for presentation, content, accuracy, and overall quality.
  • Cross Functional Partnering & Planning: Facilitates collaboration, communication, coordination, and planning with individuals and teams from different functions within the organization, and who have different areas of expertise, to achieve common goals.
  • Financial Market Monitoring: Consistently tracks and analyzes financial market data and news, evaluates trends and events that may impact investment portfolios or financial decisions, and makes informed decisions based on this information. Stays up to date on economic indicators, market news, and global events, and understands how they relate to investment opportunities and risks.
  • Industry Knowledge: Demonstrates extensive knowledge of common practices, regulatory considerations, market trends and the competitive landscape within a particular industry / sector to better understand and address unique client requirements, challenges, and context.
  • Storytelling through Data: Communicates insights and opportunities from a dataset, using narratives, visualizations, and analysis.

Compensation Range:


We believe in fairness and transparency. It’s why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed.


About Northwestern Mutual

Northwestern Mutual has been helping people and businesses achieve financial security for more than 160 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. Northwestern Mutual delivers financial security to millions with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. The company manages billion of dollars of investments owned by its clients and held or managed through its wealth management and investment services businesses. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).

Northwestern Mutual Careers

Joining Northwestern Mutual presents a unique opportunity to be part of a team that is dedicated to empowering personal and professional growth, innovation, and leadership in the financial services industry. As a company renowned for its commitment to excellence and a culture that values diversity and inclusion, Northwestern Mutual offers unparalleled job opportunities for both seasoned professionals and those at the start of their careers.

Work You’ll Do

At Northwestern Mutual, we believe in building strong relationships not only with our clients but also among our team members. By joining our team, you will collaborate with some of the most talented professionals in the industry, all united in their commitment to leadership and innovation. Our employees are equipped with top-tier benefits and diversity training that ensure their career journey is both rewarding and inclusive.

Explore Professional Growth and Development

Northwestern Mutual is committed to fostering an environment where career growth is not just a possibility but a priority. With a variety of positions available, from financial representatives to internships for budding professionals, our company is a place where your skills and passion can thrive. We provide extensive training programs and leadership development opportunities that prepare you for success in your current role and beyond.

Innovative Work Environment

Our team at Northwestern Mutual is at the forefront of integrating cutting-edge technology and innovative financial strategies to provide exceptional service to our clients. This focus on innovation is not just about staying current; it's about leading the way in the financial sector. Employees at all levels are encouraged to contribute ideas and take initiative, driving the company forward as a leader in the financial industry.

Be Part of Our Diverse and Inclusive Team

Diversity and inclusion are more than just buzzwords at Northwestern Mutual; they are integral to our company culture and business strategy. We are committed to creating a workplace where all employees can flourish. Our diversity training programs are designed to enhance understanding and foster an inclusive environment for all team members.

Networking and Career Advancement

Networking within Northwestern Mutual opens doors to expansive career advancement opportunities. We encourage our employees to engage in internal networking events, which often lead to mentorship and further career development. Whether you are looking to enhance your resume, prepare for an interview, or step into a leadership role, Northwestern Mutual provides the resources and support to help you achieve your professional goals.

Join Our Team

Search open positions that match your skills and interests. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level. Explore the job opportunities and internships available at Northwestern Mutual and find out how you can contribute to our legacy of innovation and leadership.

Stay Connected

Keep up to date with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Northwestern Mutual.

SEARCH NORTHWESTERN MUTUAL JOBS

Join us and start your journey at Northwestern Mutual today, where your career is nurtured, your skills are honed, and your achievements are celebrated.
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