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 Quantitative Analytics & Model Development Group Manager Sr. within PNC's Market Risk organization, you will be based in New York, NY, Pittsburgh, PA, Cleveland, OH, Washington, D.C., or a PNC location. The Risk Analytics Quantitative Manager Senior will develop and enhance risk models and analytics across Value-at-Risk (VaR), Potential Future Exposure (PFE), Mortgage risk, Liquidity risk and Interest rate risk in the banking book. This role is critical in ensuring robust risk measurement, supporting strategic initiatives, and strengthening risk oversight for the organization. The candidate will work closely with Market Risk Oversight, Model Validation, Treasury, ALM, Finance and the Capital Markets Group and will require direct interaction with the regulators, ensuring transparency in risk methodologies, stress testing frameworks, and compliance with Basel, CCAR, IRRBB and Liquidity Risk regulatory framework. This highly visible role reports directly to the Chief Market Risk Officer (CMRO).
Preferred skills and experience include:
• 10+ years of industry related risk analytics quantitative experience within market risk
• Experience interacting and maintaining relationships with regulators
• Ability to be hands on while demonstrating strong leadership abilities
• Strong understanding of interest rate risk, market risk and liquidity including all aspects of finance, CCAR, counterparty, and PFE, CVA, and FRTB.

Job Description

• Establishes Line of Business vision and strategy, initiatives and activities associated with developing, testing, and/or validation of quantitative models used for important business decisions and policies. Oversees robust and comprehensive model review testing and analysis in accordance with all applicable review procedures and lifecycle standards.
• Creates Line of Business vision and establishes strategies needed to develop new model frameworks.
• Oversees development of new model framework by supporting the line of business. Refines, monitors, and validates existing models. Conducts on-going communication with model owners and model developers during the course of the review. Works with large data to create models.
• Evaluates identified model risks and reaches conclusions on strengths and limitations of the model. Reviews and approves the preparation and analysis of detailed documents for validation and regulatory compliance.
• Directs, motivates, develops and manages the performance of the management team and key staff.

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.

PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to:

• Include Intentionally - Cultivates diverse teams and inclusive workplaces to expand thinking.
• Live the Values - Role models our values with transparency and courage.
• Enable Change - Takes action to drive change and innovation that will transform our business.
• Achieve Results - Takes personal ownership to deliver results. Empowers and trusts others in decision making.
• Develop the Best - Raises the bar with every talent decision and guides the achievement of all employees and customers.