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 company’s success.

As an Asset & Liability Management (ALM) Associate, 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. Position will be in the office four days per week, Monday - Thursday.

This is a quantitative developer (Desktop/Cloud) position within the investment management arm of PNC’s fixed income portfolio (ALM Investments). Developer will have the opportunity to work directly with traders, portfolio managers and the Enterprise Chief Investment Officer. The ideal candidate will have a well-rounded skill set that includes cloud (Kubernetes/AWS) infrastructure, computer science aptitude, finance/accounting and fixed income knowledge, interpersonal skills, and the ability to provide simple/practical solutions for improving investment performance and risk management. A successful candidate will have an opportunity to develop in-depth knowledge in PNC IT Infrastructure, Software Development Cycle, Cloud technology, fixed income market operations, treasuries, Mortgage Servicing Rights, structured products, and interest rates derivative products (Swaps, futures, options, treasuries, Residential/Commercial Mortgage, Asset Backed Securities, and corporate/municipals bonds).

Preferred skills:

A computer science/math/engineering focused degree is preferred.
• Willingness to learn new programming languages, frameworks, technologies stack.
• DevOps Skills
• Git commands, git pull/push, forking, branching strategy. GitOps, Environment promotion processes
• languages in, Golang, Bash, C/C++, Python (Pandas, Numpy, SciPy, Scikit-learn)
• Understanding of different frameworks
• Continuous Integration/Delivery Deployment pipeline (Jenkins preferred)
• Experience in docker and container application development (Kubernetes/OpenShift preferred, Helm Charts preferred)
• Application Unit testing, performance monitoring, and other testing
• Project technical documentation. Maintaining high standards of code quality
• Database experience in Microsoft SQL, Oracle
• Interest in Fixed income products, interest rate products and derivatives
• Ability to summarize ideas and present to management


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

Job Description

• Using independent judgment and discretion, assists in performing transaction and portfolio level analysis, conducting research and preparing reports. Performs due diligence and statistical analysis related to portfolio management.
• Analyzes and understands financial instruments for the bank's investment portfolio, including research and collection of relevant information based on independent judgment.
• 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.
• Administers and performs defined processes and procedures.
• Develops a practical understanding of markets and macroeconomics to be used in analysis of the ALM function.

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 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 Research

Competencies

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

Work Experience

Roles at this level typically require a university / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Education

Bachelors

Certifications

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, visit pncbenefits.com > New to PNC.

*For more information, please click on the following links:

Time Away from Work

PNC Full-Time Benefits Summary

PNC Part-Time Benefits Summary

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. 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.

California Residents

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