PNC ALM Managing Director - Portfolio Management IC SWAP 

United States, New York, New York 

834985635

Position Responsibilities:
Potential areas of focus may include (and will be highly visible within the firm):
1) Macro Trading
2) Rates Strategist
a. Trade idea generation and construction
b. Short-Term Interest Rates (STIR) trading and research
c. Rates portfolio investments (e.g. swaps, UST, STRIPS, TIPS), derivatives hedging (debt issuance, asset swaps, cash flow hedges), mortgage servicing rights hedging
d. Bank portfolio securities and derivatives: risk, returns, and attribution tracking
e. Supply/demand analysis for interest rate products
3) Bank balance sheet portfolio management and trading/hedging strategies to manage interest rate and basis risk, reinvestment risk, Net Interest Income (NII), and Duration of Equity (DoE)
4) OTC derivatives, futures, and US Treasury clearing
5) Fixed Income modelling, risk/analytics, returns performance, and trading strategies
6) Hedge accounting strategies for derivatives (latest FASB rule updates, regression testing, ineffectiveness accounting)Other specifications for the role:• Interest rates research and strategy experience is preferred.
• Strong communication and presentation skills are also required.
• Bank investment portfolio and balance sheet experience is highly preferred.
• The candidate should have experience using Bloomberg Anywhere.NFA Swaps Proficiency certificate – required within 15 days of employment.
Job Description

• Oversees moderately complex transaction and portfolio level analysis, research and report preparation. Performs and/or oversees due diligence and statistical analysis related to portfolio management.
• Frequently utilizes an understanding of financial instruments and overall investment portfolio to contribute to investment decision making process and development of investment/trading strategies.
• Manages various 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.
• Provides input on the administration and performance of select processes and procedures.
• Makes and presents recommendations to ALM and non-ALM stakeholders 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:

• 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.

Asset and Liability Management (ALM), Industry Knowledge, Investments, Market Risk, Portfolio Management, Pricing Models and Analytics, Regulatory Environment - Financial ServicesRoles at this level typically require a university / college degree. Higher level education such as a Masters degree, or PhD is desirable. Industry 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.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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