Asset and Liability Management (ALM) Associate Director (IC) - Portfolio Management

Position Overview

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. The Asset and Liability Management (ALM) Associate Director will be a key contributor to PNC’s Chief Investment Office, supporting the CIO and senior staff in managing over $200 billion in fixed‑income assets and derivative products, and executing initiatives related to interest rate risk, capital and liquidity regulatory frameworks.

Responsibilities

• Support senior staff in regulatory, governance, and other initiatives within the CIO Office and propose recommended actions to senior management.
• Coordinate with portfolio managers, modelers, and other subject‑matter experts on assignments.
• Oversee new projects and analytics, including the creation, maintenance, and utilization of management reports to help the group meet its goals and directives.
• Make recommendations based on knowledge of markets, macroeconomics, banking and regulatory requirements, and assess the potential impact on PNC and the assigned business unit.
• Use independent judgment and discretion to perform transaction and portfolio‑level analysis, conduct research, and prepare reports.
• Perform due diligence and statistical analysis related to portfolio management.
• Utilize a working knowledge of financial instruments for the bank’s investment portfolio to contribute to investment decision‑making processes and development of investment/trading strategies.
• Develop, maintain, and utilize management reports and new projects that help the group meet its goals and directives and establish the organization’s risk position.
• Identify problems in analytics and develop solutions.
• Interact with internal and external service partners, including broker dealers and analytics providers, and leverage their knowledge.
• Develop, administer, and perform defined processes and procedures.
• Maintain knowledge of markets and macroeconomics and make associated recommendations.
• Assess the potential impact of these factors on ALM and the assigned business unit.

Qualifications

Preferred Skills

• Asset Allocation
• Auditing Operations
• Business Case Analyses
• Credit Risk Analysis
• Data Analytics