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. 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 the manager's discretion.

As a Market Risk Management Intern within PNC's Market Risk Management organization, you will be located in Pittsburgh, PA.

Specific duties include: (i) operating financial models related to market risk, liquidity risk, capital adequacy, regulatory reporting requirements and/or credit/counterparty exposures; (ii) maintaining risk management models including review and validation of data sources, documentation, outputs; (iii) analyzing results of various processes such as VaR models, Potential Future Exposure (PFE) models, capital adequacy, liquidity stress tests, backtesting and/or P&L attribution to support current regulatory requirements; (iv) assessing and understanding movements in risk parameters and their impact on risk; (v) leading and executing analytical projects, from solution design and data integrity evaluation through documentation and implementation; (vi) partnering with model developers to design and user acceptance test new market risk models; and (vii) developing reporting infrastructure, including databases, for financial products, leveraging knowledge of computational methodologies and assisting other business groups to better utilize system capabilities and meet requirements.

Preferences/Skills:
Individuals who are working towards a Master's degree or recently completed Master's in the following fields: Computational Finance, Financial Engineering, Statistics, or Applied Mathematics is required.

Work eligibility
The candidate must be eligible to work in the US. PNC does not provide sponsorship for work visas or for permanent residency.

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.

 

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

Job Description

• Participates as an intern performing various functions within a line of business.
• Performs or assists with the core activities of the group by applying knowledge learned to drive business results (e.g. deal, sales, or process support, internal or external customer interaction or supporting internal projects). Works under supervision and may have limited approval and/or exception authority.
• Participates in social learning within the organization (e.g. identifies and networks with business representatives and peers, participates in mentoring, job shadowing and community outreach)

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.

Competencies<