PNC ALM Associate Director - Portfolio Management IC 

United States, New York, New York 

741613528

Some specific responsibilities will include:
• Become a subject matter expert with detailed understanding of all aspects fixed-income securities and swaps including underlying source data analytics/analysis, product attributes and assumptions, valuation models, forecasting methodologies, etc.
• Collaborate with internal partners such as ALM Finance and Balance Sheet management on the production of monthly securities and swaps interest income forecast and broader balance sheet forecasting / reporting.
• Assist with our portfolio stress testing efforts such as CCAR and portfolio scenario analysis.
• Develop new and add to existing Python-based tools to assist with portfolio management and interest rate risk management.
• Building and maintaining financial models and databases to assist in the day-to-day operations of the ALM Investments team.
• Reviewing research publications, annual reports, and other sources to gather, synthesize and interpret data on PNC’s peer group.
Other Specifications for the Role:
• A quantitatively focused undergraduate/graduate degree is preferred
• 5+ year of finance/banking industry experience (ideally from a finance, risk, or ALM position), with some knowledge of bank balance sheet management
• Experience with BlackRock’s Aladdin, Bloomberg, or similar fixed income risk and valuation system
• Operating knowledge of fixed income mathematics, portfolio theory, analytical models, forecasting and planning
• Strong Office skills, particularly in Excel, Word, and PowerPoint.
• Strong, clear and concise written and verbal communication skills with the ability to interact with senior management.
• Ability to work independently, prioritize multiple task, and take ownership of required duties
• Programming skills; Python, SQL and VBA preferred
• Large data management experience is a plus.As an ALM Portfolio Management Associate Director - Independent Contributor you will be based in New York City, NY.
Job Description

• Using independent judgment and discretion, performs or may lead 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.
• Develops, maintains, and utilizes management reports and new projects for management that help the Group meet their goals and directives and help establish the risk position of the organization. Using discretion, identifies problems in analytics and develops solutions. 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.
• Maintains knowledge of markets and macroeconomics and may make associated recommendations. 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:

• 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.

Roles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. 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.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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