Asset and Liability Management (ALM) Investments Senior Associate - Portfolio Management
Asset and Liability Management (ALM) Investments Senior Associate - Portfolio Management
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1 Vacancy
Job Description
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 companys 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 managers discretion.
Job Responsibilities:
Potential areas of focus may include (and will be highly visible within the firm):
1)Pricing acquisitions and purchasing deals within managements risk and return targets
2)Financial Analysis
custom financial summaries (income statements balance sheets deposit balance profiles) that illustrate a businesss profitability
and highlighting attractive businesses to various stakeholders including executive management
3)Cash flow forecasting and valuation (DCF modelling)
future cash flows and assessing risk premiums for valuation
assumption development: working with large datasets investigating patterns in underlying data
testing: model vs actual performance monitoring back testing model sensitivity testing benchmarking.
4)Industry Analysis
Real Estate
Servicing Rights (MSRs)
research and market share tracking
This is a front-office buy-side position within the investment management arm of PNCs bank portfolio (ALM Investments). The successful candidate will have the opportunity to work directly with senior portfolio managers and PNCs 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.
Roles at this level typically require a university / college degree with at least 2-5 years of relevant professional lieu of a degree a comparable combination of education and experience may be considered.
A business degree (undergrad or grad) or finance-focused degree (e.g. financial analysis corporate finance accounting financial economics etc.) is preferred.
Experience in commercial real estate fixed income products and mortgage servicing is highly preferred.
Empirical research and data analysis is preferred. Background in summarizing large data sets: data aggregation cashflow modeling and valuation and back-testing with a firm grasp on benefits and limitations of various techniques.
Ideally the candidate will have experience creating presentation materials for pitching investment or acquisition ideas. Experience using AI for presentation materials is encouraged.
The candidate should be comfortable directly programming in a variety of languages which might include Python VBA SQL.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 banks 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 PNCs 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 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 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)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 visitYour PNC Total Rewards.
Disability Accommodations Statement
If 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 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 Residents
Required Experience:
Senior IC
Employment Type
Full-Time
