Job Abstract

Maintain an accurate representation of products on the firm’s balance sheet. This involves using Asset Liability Management modeling software extensively to ensure different components of the balance sheet are loaded, represented, and modeled appropriately. Perform monthly analysis of Economic Value of Equity and Duration of Equity under various assumed interest rate environments. Assist in the ongoing maintenance of financial and behavioral models. Maintain documentation for various models and ... more details

Position Overview

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success.

As an Asset Liability Management (ALM) Senior Associate within PNC's Asset Liability Management - Balance Sheet Analytics organization, you will be based in Cleveland, OH. This position is primarily based in a PNC location. Responsibilities?require?time in the office or in the field on a regular basis (2 days per week). ?Some responsibilities may be performed remotely, at manager’s discretion.

PNC’s ALM Balance Sheet Analytics is responsible for understanding the value and interest rate risk exposure of PNC’s balance sheet. This team achieves this task through the use of several regression models and financial modeling software programs. Balance Sheet Analytics is responsible for daily and monthly valuation and risk reporting, attribution of changes in risk, quantifying exposure to changing interest rate environments, and ensuring the appropriateness of modeling assumptions. The team works closely with its partners in the broader ALM Investments team and ALM Finance, and is accountable to internal auditors & model validators as well as external regulators.

Preferred skills
• Bachelor’s degree with a financial, technical, or quantitative focus strongly preferred.
• At least 3 years of related professional experience (finance, data analytics, etc.) required.
• Familiarity with financial and accounting concepts preferred.
• Strong Microsoft Excel & SQL skills required.
• Experience with Quantitative Risk Management (QRM) software a plus but not required.
• The successful candidate will be intellectually curious and an effective problem solver.

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Job Description

• Maintain an accurate representation of products on the firm’s balance sheet. This involves using Asset Liability Management modeling software extensively to ensure different components of the balance sheet are loaded, represented, and modeled appropriately.
• Perform monthly analysis of Economic Value of Equity and Duration of Equity under various assumed interest rate environments.
• Assist in the ongoing maintenance of financial and behavioral models.
• Maintain documentation for various models and perform model performance monitoring.
• Participate in development and testing of deposit rate and balance runoff models.
• Ad hoc development and maintenance of reporting.
• Leads financial analysis, conducts research and prepares reports. Performs due diligence and statistical analysis related to the balance sheet. Participates in stress testing efforts.
• Based on own discretion, researches and collects information for PNC's balance sheet.
• Reviews and presents risk analytics/stress testing material including documentation and templates to senior team members for federal submission.
• Reviews and analyzes data for modeling activities. Reconciles and performs quality review of data. May be responsible for model development.
• Partners with lines of business in understanding specific line items of PNC's balance sheet and income statement.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

• Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
• Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Competencies

Accuracy and Attention to Detail – Understanding of the necessity and value of accuracy and attention to detail; ability to process information with high levels of accuracy.

Asset and Liability Management (ALM) – Knowledge of asset and liability tools, techniques and business practices; ability to manage, measure, and monitor risks associated with assets and liabilities.

Data Gathering and Reporting – Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.

Decision Making and Critical Thinking – Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.

Effective Communications – Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Financial Analysis – Knowledge of and ability to read, interpret and draw accurate conclusions from financial and numerical material.

Financial Services Industry – Knowledge of financial services industry trends, directions, major issues, regulatory considerations and trendsetters; ability to provide specific financial knowledge and experience to help organizational development.

Market Risk – Knowledge of processes, tools, and techniques used for analyzing market risk; ability to assess and manage investment exposures to market risk.

Regulatory Environment - Financial Services – Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. Certifications are often desired. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Education

Bachelors

Additional Job Description

Benefits

Disability Accommodations Statement:

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include “accommodation request” in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses.  Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

At PNC we foster an inclusive and accessible workplace.  We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

Equal Employment Opportunity (EEO):

PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

California Residents

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