Ric Gwin Email & Phone Number

Columbus, Ohio, United States

Responsible for the design and the development of Nationwide Financial 18f-4 Derivatives Risk Management program. Ric was responsible for Mutual Fund derivative risk assessments, daily oversight and monitoring of Mutual Fund derivatives usage, and Board reports.

Columbus, Ohio, United States

Frederick (Ric) Gwin was Vice President and Chief Risk Officer for Nationwide Investments. In his role, Ric was responsible for market, credit and liquidity risk management, derivatives trading, valuation and pricing. He chaired the Investment Risk Committee and co-chaired the Hedge Oversight Group. Ric was a member of the Nationwide Investment Management Team, Enterprise Risk Management Team, Enterprise Liquidity Committee, and Enterprise Risk and Capital Modeling Committee. Externally, he was a member of the Insurance Company Derivatives Roundtable and the Investment Risk Forum. Ric was responsible for the development of a variety of risk management reports including weekly credit and market risk reports, investment compliance monitoring, quarterly risk assessments and a variety of market risk metrics that were included in senior enterprise risk management reports. In addition, Ric led multiple efforts across the risk management and derivatives space to automate many of the processes used to monitor risk and compliance guidelines.

Columbus, Ohio Area

Execution and oversight of all derivatives transactions for the Nationwide Enterprise. Instruments traded include: Over the Counter Fixed Income, Equity, FX and Credit Derivatives. Centrally Cleared Interest Rate Swaps and Credit Derivatives Exchange traded futures and futures options: fixed income, equity index and currencyDay-to-day execution of a delta hedging program associated with various guarantee options that are sold through Nationwide’s variable annuity productsDevelopment and implementation of tail-risk hedging and income generation ideasDevelopment and implementation of new derivative strategies and products that are review and approved by Nationwide’s Investment Risk CommitteeManagement and oversight of Nationwide’s derivatives portfolio: daily position valuation, collateral management, initial and variation margin management, daily reporting, counterparty credit risk management, ISDA and CSA negotiations, confirmation reviewsSenior management reporting that includes a quarterly update with the Nationwide Enterprise Finance CommitteeCompliance oversight as defined by the Derivatives Use Plan, various investment policies and risk management guidelines Monitoring and assessment of regulatory and legislative changes impacting derivative markets and Nationwide’s use of derivativesImplementation of Swap Execution Facility trading platforms working with vendors Tradeweb, Bloomberg and the Chicago Mercantile Exchange.Implemented new workflows and reporting requirements due to Dodd Frank.Collaborating with clients, such as portfolio managers, risk managers, and quantitative risk managers, in the assessment and management of various risks and exposuresImplementation of a derivatives management system, Findur's Openlink System, and various electronic trading platforms, e.g., TT Trader, Bloomberg Tradebook.