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 Asset and Liability Management (“ALM”) Associate will be a key contributor to PNC’s Chief Investment Office, which is led by PNC’s Chief Investment Officer (“CIO”) and responsible for managing over $190 billion in fixed income assets and derivative products within PNC Bank’s investment securities portfolio.

The CIO Office’s expertise is often required on a range of company initiatives that affect PNC’s balance sheet, particularly as these initiatives relate to interest rate risk, regulatory capital, and liquidity requirements. The ALM associate’s primary responsibility will be to support senior CIO Office staff in executing on these initiatives. In addition, the ALM associate will be responsible for evaluating proposed regulatory rule changes and their impact on CIO Office operations, review and maintenance CIO Office
policy and governance documentation, and support of CIO Office regulatory examinations. As part of these responsibilities, the ALM associate will have the opportunity to work directly with senior portfolio managers and the Chief Investment Officer.

The ideal candidate will have a well-rounded skill set that includes effective communication, presentation creation and delivery, analytical aptitude, and project management. Organization, attention to detail, process orientation, and collaboration with a broad range of stakeholders is particularly important in this role.

PNC is one of the largest banks in the US based on domestic assets, which totaled $555 billion as of Q1 2025.

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.

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