Using independent judgment and discretion, assists in performing transaction and portfolio level analysis, conducting research and preparing reports. Performs due diligence and statistical analysis related to portfolio management. Analyzes and understands financial instruments for the bank's investment portfolio, including research and collection of relevant information based on independent judgment. Develops and maintains management reports that help the group meet their goals and directives. T... 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.
The Chief Investment Office oversees the daily strategies and objectives around managing $130+ billion of fixed income securities and $45 billion notional of interest rate swaps/derivatives. The team utilizes and produces advanced analytics and various credit and interest rate models to monitor interest rate risk, including mortgage serving rights, and credit risk of its holdings across several fixed income sectors.
Portfolio Management & Hedging team is part of the Chief Investment Office focused on "top of the house" strategies and large-scale trading activities across PNC's core portfolio.
Team members build an expertise in different fixed income sectors and/or derivatives as well as the analytics and models that aide in the management of these portfolios.
As an Asset and Liability Associate within PNC's Chief Investment Office organization, you will be based in Pittsburgh, PA.
Preferred Skills:
Fixed Income Products knowledge (CMBS a plus)
Reporting and presentation skills (PowerPoint)
Basic Analytics experience, SQL, Python a plus
PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
Job Description
- Using independent judgment and discretion, assists in performing transaction and portfolio level analysis, conducting research and preparing reports. Performs due diligence and statistical analysis related to portfolio management.
- Analyzes and understands financial instruments for the bank's investment portfolio, including research and collection of relevant information based on independent judgment.
- Develops and maintains management reports that help the group meet their goals and directives. These reports are used for internal management to help establish the risk position of the organization.
- Administers and performs defined processes and procedures.
- Develops a practical understanding of markets and macroeconomics to be used in analysis of the ALM function.
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.
Qualifications
Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.
Preferred Skills
Asset Allocation, Auditing Operations, Business Case Analyses, Credit Risk Analysis, Data Analytics, Data Visualization, Decision Making, Investments, Market Research
Competencies
Accuracy and Attention to Detail, Asset and Liability Management (ALM), Business Acumen, Derivatives, Effective Communications, Financial Analysis, Industry Knowledge, Investment Performance Measurement, Investment Reporting, Pricing Models and Analytics
Work Experience
Roles at this level typically require a university / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Education
Bachelors
Certifications
No Required Certification(s)
Licenses
No Required License(s)
Benefits
PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.
In addition, PNC generally provides the following paid time off, depending on your eligibility*: maternity and/or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.
To learn more about these and other programs, including benefits for full time and part-time employees, visit pncbenefits.com > New to PNC.
*For more information, please click on the following links:
Time Away from Work
PNC Full-Time Benefits Summary
PNC Part-Time Benefits Summary
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
Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.
