Asset and Liability Management (ALM) Investments Senior Associate - Portfolio Management

PNC Financial Services

  • Pittsburgh, PA
  • Permanent
  • Full-time
  • 2 days ago
Position OverviewAt 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.As a Senior Associate in Asset & Liability Management (ALM) Investments – Portfolio Management, you will be based in Pittsburgh, PA.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.Job Responsibilities:Potential areas of focus may include (and will be highly visible within the firm):
1) Pricing acquisitions and purchasing deals within management’s risk and return targets
2) Financial Analysis
a. Creating custom financial summaries (income statements, balance sheets, deposit balance profiles) that illustrate a business’s profitability
b. Summarizing and highlighting attractive businesses to various stakeholders, including executive management
3) Cash flow forecasting and valuation (DCF modelling)
a. Projecting future cash flows and assessing risk premiums for valuation
b. Model assumption development: working with large datasets, investigating patterns in underlying data
c. Model testing: model vs actual, performance monitoring, back testing, model sensitivity testing, benchmarking.
4) Industry Analysis
a. Commercial Real Estate
b. Mortgage Servicing Rights (MSRs)
c. Market research and market share trackingThis 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 an asset management team invested in a broad portfolio of fixed income assets and derivative products.Experience in finance and market research for commercial real estate is a plus but not required.Additionally, the candidate will have a well-rounded skill-set that includes programming/statistical capabilities, 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.PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.Job Description
  • Using independent judgment and discretion, performs 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.
  • Develops and maintains management reports that help the Group meet their goals and directives. These reports are used for internal management to 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.
  • Administers and performs defined processes and procedures.
  • Maintains knowledge of markets and macroeconomics. 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.
QualificationsSuccessful 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 Asset Allocation, Auditing Operations, Business Case Analyses, Credit Risk Analysis, Data Analytics, Data Visualization, Decision Making, Investments, Market ResearchCompetencies Accuracy and Attention to Detail, Asset and Liability Management (ALM), Business Acumen, Derivatives, Effective Communications, Financial Analysis, Industry Knowledge, Investment Performance Measurement, Investment Reporting, Pricing Models and AnalyticsWork Experience Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. Certifications are often desired. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.Education BachelorsCertifications No Required Certification(s)Licenses No Required License(s)BenefitsPNC 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 .Disability Accommodations StatementIf an accommodation is required to participate in the application process, please contact us via email at . Please include “accommodation request” in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.Equal Employment Opportunity (EEO)PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.California ResidentsRefer to the to gain understanding of how PNC may use or disclose your personal information in our hiring practices.

PNC Financial Services