Asset Liability Management Senior Associate - Balance Sheet Analytics

t rate risk exposure of PNC's balance sheet. This team achieves this task through the use of several regression models and financial modeling software programs. Balance Sheet Analytics is responsible for daily and monthly valuation and risk reporting, attribution of changes in risk, quantifying exposure to changing interest rate environments, and ensuring the appropriateness of modeling assumptions. The team works closely with its partners in the broader ALM Investments team and ALM Finance, and is accountable to internal auditors & model validators as well as external regulators. It is not necessary to have all of the preferred skills or competencies provided some of the qualifications (e.g. SQL skills) are very strong.

Preferred skills
• Bachelor's degree with a financial, technical, or quantitative focus strongly preferred.
• At least 3 years of related professional experience (finance, data analytics, etc.) required.
• Familiarity with financial and accounting concepts preferred.
• Strong Microsoft Excel & SQL skills preferred. Significant programming experience is desired.
• Experience with Quantitative Risk Management (QRM) software a plus but not required.
• The successful candidate will be intellectually curious and an effective problem solver.

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

Job Description

• Maintain an accurate representation of products on the firm's balance sheet. This involves using Asset Liability Management modeling software extensively to ensure different components of the balance sheet are loaded, represented, and modeled appropriately.

• Perform monthly analysis of Economic Value of Equity and Duration of Equity under various assumed interest rate environments.

• Assist in the ongoing maintenance of financial and behavioral models.

• Maintain documentation for various models and perform model performance monitoring.

• Participate in development and testing of deposit rate and balance runoff models.

• Ad hoc development and maintenance of reporting.

• Leads financial analysis, conducts research and prepares reports. Performs due diligence and statistical analysis related to the balance sheet. Participates in stress testing efforts.

• Based on own discretion, researches and collects information for PNC's balance sheet.

• Reviews and presents risk analytics/stress testing material including documentation and templates to senior team members for federal submission.

• Reviews and analyzes data for modeling activities. Reconciles and performs quality review of data. May be responsible for model development.

• Partners with lines of business in understanding specific line items of PNC's balance sheet and income statement.

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.

Competencies

Accuracy and Attention to Detail, Asset and Liability Management (ALM), Data Gathering and Reporting, Decision Making and Critical Thinking, Effective Communications, Financial Analysis, Financial Services Industry, Market Risk, Regulatory Environment - Financial Services

Work 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

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 [email protected]. 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.

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