ALM Senior Associate, Economic Scenario Design

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 an ALM Senior Associate Economic Scenario Design within PNCs CIO Economics team you will be based in New York City NY.

In this role you will join PNCs CIO-Economics team and play a key role in developing the banks baseline economic outlook and alternative macroeconomic scenarios. These scenarios support critical risk management and regulatory processes including CECL reserve estimation and CCAR stress testing as well as broader scenario analysis across the enterprise. Working closely with fellow economists and senior stakeholders the role combines macroeconomic forecasting scenario design quantitative analysis and economic research to assess emerging risks and inform decision-making throughout the organization.

The ideal candidate is an analytically driven economist with demonstrated experience developing economic forecasts and alternative scenarios using large-scale macroeconomic models. The successful candidate will possess a deep understanding of macroeconomic data economic theory and forecasting techniques and will be able to translate complex economic developments into coherent baseline and risk scenarios. Experience supporting CECL CCAR DFAST stress testing or other regulatory forecasting exercises is highly desirable but not required. The candidate should also possess strong research and writing capabilities to effectively analyze synthesize and communicate economic insights.

PNC is one of the largest banks in the US based on domestic assets which totaled $603 billion as of Q1 2026.

Job Description & Responsibilities:
Develop and maintain PNCs baseline macroeconomic forecast incorporating new economic data market developments and evolving economic risks.
Design and deliver quarterly CECL scenarios to support portfolio reserve estimation and regulatory compliance.
Develop and maintain stress scenarios aligned with the Federal Reserves CCAR framework and supervisory expectations.
Respond to ad hoc scenario requests from business partners and senior management to assess potential macroeconomic and financial market risks.
Conduct research on macroeconomic trends emerging risks and forecasting methodologies to enhance scenario design and economic analysis.
Present economic views forecasts and scenario results to stakeholders across risk management finance and executive leadership.

Preferred Qualifications
Masters degree or Ph.D. in Economics Econometrics or a related quantitative field.
5 years of experience in macroeconomic forecasting scenario design stress testing or economic research.
Experience with macroeconomic forecasting platforms such as Moodys Analytics Oxford Economics or similar modeling frameworks.
Strong quantitative and statistical skills.
Proficiency with Python R MATLAB EViews or similar analytical tools.
Excellent written and verbal communication skills.
Experience communicating economic forecasts and risk scenarios to technical and non-technical audiences.

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

• 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.

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.

Asset Allocation Auditing Operations Business Case Analyses Credit Risk Analysis Data Analytics Data Visualization Decision Making Investments Market Research

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 Analytics

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.

Bachelors

No Required Certification(s)

No Required License(s)

Base Salary: $103500.00 $172500.00

Salaries may vary based on geographic location market data and on individual skills experience and education.

Generally this opening is expected to be posted for two business days from 08/05/2026 although it may be longer with business discretion.

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; 9 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.

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.

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.

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.