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 a Senior Associate within PNC's Asset & Liability Management organization, you will be based in Pittsburgh, PA, Cleveland, OH, or New York, NY. The successful candidate may be required to travel to the Pittsburgh and/or New York markets (<20%) on a periodic basis. This position is primarily based in a PNC location. Responsibilities require time in the office or in the field on a regular basis.  Some responsibilities may be performed remotely, at manager’s discretion.

As an ALM Senior Associate, you will be a member of Corporate Treasury’s Profitability & Risk Adjusted Return Team. This team partners with executive management, line of business leadership, and finance to promote effective balance sheet usage across our lending businesses through the assessment of customer relationship value, profitability, and risk-adjusted return.

Your work will contribute to ALM’s efforts in optimizing PNC’s capital and returns on a risk-adjusted basis for all balance sheet and revenue opportunities. ALM manages the balance sheet and supports our business partners in their activities through building and utilizing industry leading analytics, models, and decision-making tools.

Preferred:
• Quantitatively focused undergraduate/graduate degree is preferred (Mathematics, Computer Science, Finance, Economics)
• MBA, CPA, CFA (or progress towards completion) a plus
• Operating knowledge of bank financial statements and/or credit risk preferred


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

Job Description

• Leads financial analysis and/or statistical analyses, conducts research, and prepares reporting relating to relationship, product, business segment, and line of business risk-adjusted return .
• Performs data analysis and solves complex data/analytical challenges through the application of various technologies or financial reporting tools (i.e. Python, R, Hyperion, Essbase).
• Partners with teammates and cross-functionally to enhance efficiency of Treasury’s and/or LOB’s profitability & risk-adjusted return measurement and monitoring methodologies through development of analytical frameworks and reporting processes.
• Contributes to the creation of profitability & risk-adjusted return analyses for PNC’s Asset Liability Committee (ALCO).
• Reviews peer earnings releases and conducts analysis to benchmark PNC’s returns relative to our competitors.
• Partners with model development teams in the use and application of modelling results and/or model equations to advance and improve PNC’s profitability & risk-adjusted return estimation approaches                                                                                            

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, Capital Management, Data Analytics, Financial Analysis, Market Research, Strategic Planning

Competencies

Accuracy and Attention to Detail, Asset and Liability Management (ALM), Data Gathering and Reporting, Effective Communications, Financial Analysis, Financial Forecasting and Modeling, Financial Services Industry, Liquidity Management, Market Risk, Regulatory Environment - Financial Services

Work Experience

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 serv