PNC Balance Sheet Associate - Valuations 

United States, Pennsylvania, Pittsburgh 

767031344

*PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position*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• Contributes to the Independent Price Verification of recurring fair value assets & liabilities, including derivatives, securities, mortgage servicing rights, and equity investments.
• Develop and maintain complex financial models to review and challenge fair market value assessments on financial products & services
• Prepare and distribute fair value assessment memos, outlining portfolio-level review findings and highlighting any issues relating to valuation methodologies or outputs
• Build and maintain relationships with LoB leadership and internal stakeholders, providing strategic recommendations regarding valuations
• Contribute to the valuation of Residential Mortgage Servicing Rights, producing P&L/risk reporting and acquisition due diligence
Job Description

• Leads financial analysis, conducts research and prepares reports. Performs due diligence and statistical analysis related to the Balance Sheet. Participates in stress testing efforts.
• Based on own discretion, researches and collects information for PNC's Balance Sheet.
• Reviews and presents risk analytics/stress testing material including documentation and templates to senior team members for federal submission.
• Prepares and aggregates data for modeling activities. Reconciles and performs quality review of data.
• Partners with lines of business in understanding specific line items of PNCs balance sheet and income statements.

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 requiredneeded to be successful in this position.

Budget Management, Cash Flow Statements, Credit Risk Analysis, Generally Accepted Accounting Principles (GAAP), Managerial Finance, Oracle Hyperion Enterprise, Public Accounting, Revenue RecognitionAccuracy and Attention to Detail, Asset and Liability Management (ALM), Data Gathering and Reporting, Effective Communications, Financial Analysis, Financial Forecasting and Modeling, Financial Services Industry, Market Risk, Regulatory Environment - Financial ServicesRoles at this level typically require a university / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.No Required Certification(s)No Required License(s)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.

California Residents

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