ALM Investments - Portfolio Management - Director
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Job Profile

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.

PNC's CIO team is searching for an experienced quantitative researcher and modeler. As a Director in ALM Investments – Portfolio Management, you will be based in New York, NY.

Potential areas of focus may include (and will be highly visible within the firm):

This is a front-office, buy-side position within the investment management arm of PNC's bank portfolio (ALM Investments). The successful candidate will have the opportunity to work directly with senior portfolio managers and PNC's CIO.

The successful candidate will be a key contributor to a team which manages a broad portfolio of fixed income assets and derivative products.

The ideal candidate will have in-depth knowledge and experience in various fixed income investment products, preferably products such as interest rate swaps, swaptions, financial futures and options, Treasuries, STRIPS, TIPS, and mortgage servicing. Additionally, the candidate will have a well-rounded skill-set that includes programming/statistical capabilities (preferably with market research and valuation applications), experience with valuation and risk modelling for fixed income products, interpersonal skills for working within a team atmosphere, and the ability to provide practical solutions for improving investment performance and risk management.

This role will require the candidate to be a highly proactive self-starter that is also capable of spurring production from other members of the team or across teams within PNC. Strong communication and interpersonal skills are necessary for working in this highly collaborative environment.

Other Specifications for the Role:

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

Job Description

Leads transaction and portfolio level analysis, conducts research and prepares reports. Performs due diligence and statistical analysis related to portfolio management. Utilizes a working knowledge of financial instruments for the bank's investment portfolio, including research and collection of relevant information to contribute to investment decision making process and development of investment/trading strategies. Oversees new projects and analytics which may include creation, maintenance and utilization of management reports to help the group meet their goals and directives. Interacts with internal/external service partners, including broker dealers and/or analytics providers, and leverages their knowledge. Develops, administers and performs defined processes and procedures. Makes recommendations based on knowledge of markets and macroeconomics, banking and regulatory requirements; assesses the potential impact of these on ALM and the assigned business unit.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

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

Competencies

Work Experience

Roles at this level typically require a university / college degree. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry relevant experience is typically 8+ years. Specific certifications are often required. 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)

Pay Transparency

Base Salary: $150,000.00 – $200,000.00

Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.

Application Window

Generally, this opening is expected to be posted for two business days from 07/02/2024, although it may be longer with business discretion.

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.