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 within PNC's Asset Liability Management - Balance Sheet Analytics organization, you will be based in Cleveland, OH. This position is primarily based in a PNC location. Responsibilitiesrequiretime in the office or in the field on a regular basis (2 days per week). Some responsibilities may be performed remotely, at manager's discretion.
Want more jobs like this?
Get jobs in Cleveland, OH delivered to your inbox every week.
PNC's ALM Balance Sheet Analytics is responsible for understanding the value and interest 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 2 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 visas.
Job Description
- Using independent judgement on methods, performs 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.
- Manages and performs defined procedures, analysis and report preparation for decision making tasks. Performs data aggregation and quality assurance to ensure timely and accurate management reporting.
- Prepares and aggregates data for modeling activities. Reconciles and performs quality review of data.
- Consult with lines of business in responding to various ALM requirements.
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
Balance Sheets, Bookkeeping, Budget Management, Cash Flow Statements, Corporate Accounting, Financial Operations, Managerial Finance, Public Accounting, Revenue Recognition
Competencies
Accuracy and Attention to Detail, Asset and Liability Management (ALM), Data Gathering and Reporting, Effective Communications, Financial Analysis, Financial Forecasting and Modeling, Financial Services Industry, Market Risk, Regulatory Environment - Financial Services
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
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.