Asset Management Group Development Program Analyst/Associate

PNC Financial Services Group, Inc. Pittsburgh , PA 15201

Posted 2 months ago

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 a(n) Asset Management Group Development Program Analyst/Associate within PNC's Asset Management Group organization, you will be based across PNC's footprint.

Job Description

Asset Management Group Development Program Analyst/Associate

By joining one of PNC's Development Programs, you can explore your potential through hands-on experience in a professional environment. This is an excellent opportunity to begin exploring your career goals, in addition to growing your skills in key areas. The goal of PNC's Development Programs is to move analysts and associates from development roles into production roles in one of PNC's lines of business.

PNC's Asset Management Group (AMG) is comprised of Institutional Asset Management, PNC Private Bank and Investment Strategy and Services. AMG works with individual and corporate clients who have significant assets to develop sophisticated, customized financial solutions ranging from investment management and wealth planning to trust administration and private foundation management.

The AMG Development Program is a comprehensive, interactive program that will prepare you to cultivate relationships with clients and assume key client facing roles and/or prepare you for a role supporting the investment management businesses within the Asset Management Group. The 3 year program provides opportunity to learn the business through an extensive mix of classroom training and on the job learning while gaining visibility among the firm's senior leadership.

Upon entering the AMG Development Program, analysts will join either Institutional Asset Management or PNC Private Bank.

  • Institutional Asset Management (IAM) track: For over 75 years, PNC Institutional Asset Management has been managing investment portfolios, providing sound advice as an Outsourced Chief Investment Officer (OCIO), Fixed Income manager and core Real Estate provider. IAM is a leading relationship-based provider of OCIO, advisory and retirement services to corporations, nonprofits, governments and other institutional investors. IAM's regionally based service teams provide our clients with local touchpoints that deliver customized solutions to help achieve their mission and grow their organizations. Our team of advisors includes Business Development Officers, Investment Advisors, Relationship Managers, Portfolio Management & Analytics and Retirement Plan Advisors.
  • PNC Private Bank track: PNC Private Bank offers a complete range of solutions and strategies for individuals and families with significant assets. Advisors in PNC Private Bank are responsible for developing client solutions and strategies, including lending, investment management, estate/retirement planning and trust administration. PNC Private Bank takes a team approach to servicing clients. The team of advisors includes Banking Advisor, Fiduciary Advisor, Investment Advisor, Wealth Strategist, Client Advisor and Relationship Strategist.

Geographic flexibility is important to your success in this program.

Opportunities are available throughout PNC's footprint and could include: Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Texas and Washington D.C.

Learn more about PNC's Development Programs on www.pnc.jobs/students.

Job Profile:

Participates as an analyst/associate in the line of business development program.

  • Performs or assists the core activities of the group by applying knowledge learned to drive business results (e.g. deal, sales, or process support, internal or external customer interaction, or supporting internal projects). Works under supervision and may have limited approval and/or exception authority.

  • Participates in social learning within the organization (e.g. identifies and networks with business representatives and peers, participates in mentoring, job shadowing and community outreach).

  • Participates in formal learning (e.g. classroom, web-based, or virtual) and completes related activities and projects.

  • Supports the internal and external customer experience by providing excellent service at all times; takes accountability and ensures problem resolution.

Required Education and Experience:

  • Preferred business relevant majors (e.g. Finance, Accounting, IT, Economics, Marketing, Math, Statistics, HR, Management, Communications, Business Law, Psychology, Logistics, Engineering, Computer Science, Actuarial Sciences), Minimum GPA 3.2.

  • Roles at this level are filled by recent university / college graduates with little or no professional experience, but possessing relevant skills. Includes individuals joining the organization through a corporate development/training program.

PNC provides equal 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.

Competencies

Accuracy and Attention to Detail

  • Understanding of the necessity and value of accuracy and attention to detail; ability to process information with high levels of accuracy.

Analytical Thinking

  • Knowledge of techniques and tools that promote effective analysis and the ability to determine the root cause of organizational problems and create alternative solutions that resolve the problems in the best interest of the business.

Business Acumen

  • Knowledge, insight, and understanding of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.

Effective Communications

  • Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Flexibility and Adaptability

  • Knowledge of successful approaches, tools, and techniques for dealing with changes and adapting to a changing environment; ability to adapt as needed.

Information Capture

  • Knowledge of the processes and the ability to identify, capture and document relevant business information in an auditable, organized, understandable and easily retrievable manner.

Products and Services

  • Knowledge of major products and services and product and service groups; ability to apply this knowledge appropriately to diverse situations.

Project Management

  • Ability to plan, organize, monitor, and control projects, ensuring efficient utilization of technical and administrative resources, to achieve project objectives.

Self-Directed Growth and Development

  • Understanding of the necessity of continuous personal growth; ability to gauge one's strengths, limitations and interests, and use of this knowledge for purposes of performance effectiveness and self-development.

Work Experience

Roles at this level are filled by recent university / college graduates with little or no professional experience, but possessing relevant skills. Includes individuals joining the organization through a Corporate development/ training program. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

Education

Bachelors

Additional Job Description

Benefits

PNC offers employees 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; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC.

Disability Accommodations Statement:

The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at pathfinder@pnc.com.

The Human Resources Service Center hours of operation are Monday

  • Friday 9:00 AM to 5:00 PM ET.

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.


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Asset & Liability Management Associate Ccar Stress Testing & Capital Planning

PNC Financial Services Group, Inc.

Posted 2 weeks ago

VIEW JOBS 9/13/2022 12:00:00 AM 2022-12-12T00:00 <p>Position Overview</p><p>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. As an Asset &amp; Liability Management (ALM) Associate within PNC's Balance Sheet Analytics and Modeling Group, you will focus on Stress Testing Oversight and be based in Pittsburgh, Pennsylvania, Birmingham, Alabama, Houston, Texas, Tyson's Corner, Virginia, Cleveland, Ohio or within the PNC footprint except Colorado, Hawaii, or Alaska. Position will start remotely and eventually come into the office via a hybrid work schedule.</p><p>The CCAR/CECL Team is responsible for providing central program oversight across CCAR and CECL. The team coordinates bank-wide CCAR planning and execution, completion of Capital Plan and Board materials, final submission, disclosure, and regulator interaction including MRA remediation efforts. The team is also responsible for planning, execution coordination across the bank, and oversight of BSAM's quarterly CECL calculation process.</p><p>Job Description</p><p>In this role you will:</p><ul><li><ul><li>Work on a team that coordinates and leads PNC efforts relating to the execution of CCAR/DFAST stress tests.</li></ul></li><li><ul><li>Support the firm's supervisory stress testing efforts and comprehensive capital submissions.</li></ul></li><li><ul><li>Lead the development of PNC's Capital Plan and related Risk Committee and Board materials pertaining to PNC's stress testing efforts. Involves significant interaction and coordination across Risk, Finance, and ALM.</li></ul></li><li><ul><li>Review and analyze projections of balance sheet, income, losses, and capital across a range of macroeconomic scenarios.</li></ul></li><li><ul><li>Understand and review methodologies and narratives used to develop projections of balance sheet, income, losses, and capital across scenarios.</li></ul></li><li><ul><li>Perform detailed analytics and documentation efforts to support supervisory stress testing efforts and comprehensive capital submissions.</li></ul></li><li><ul><li>Take ownership in performing ad-hoc projects to continuously improve upon PNC's stress testing process and CECL-related efforts. In addition to regulatory identified improvements, this also includes proactively identifying potential areas for improvement internally.</li></ul></li></ul><p>Successful candidate will have:</p><ul><li><ul><li>BA/BS degree required. MBA/Advanced Degree is preferred.</li></ul></li><li><ul><li>3 + years of related experience in a financial institution. Professional or education experience relating to project management, stress testing, and asset and liability management is preferred.</li></ul></li><li><ul><li>Strong project management skills</li></ul></li><li><ul><li>Strong presentation and interpersonal skills</li></ul></li><li><ul><li>Ability to be adaptable and flexible in an ever changing work environment.</li></ul></li><li><ul><li>Deadline-driven with strong follow up and attention to detail.</li></ul></li><li><ul><li>Working knowledge of Microsoft Suite: Word, Excel and PowerPoint</li></ul></li></ul><p>Job Responsibilities</p><ul><li><p>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.</p></li><li><p>Based on own discretion, researches and collects information for PNC's balance sheet.</p></li><li><p>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.</p></li><li><p>Prepares and aggregates data for modeling activities. Reconciles and performs quality review of data.</p></li><li><p>Consult with lines of business in responding to various ALM requirements.</p></li></ul><p>Competencies</p><p>Accuracy and Attention to Detail</p><ul><li>Understanding of the necessity and value of accuracy and attention to detail; ability to process information with high levels of accuracy.</li></ul><p>Asset and Liability Management (ALM)</p><ul><li>Knowledge of asset and liability tools, techniques and business practices; ability to manage, measure, and monitor risks associated with assets and liabilities.</li></ul><p>Data Gathering and Reporting</p><ul><li>Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.</li></ul><p>Effective Communications</p><ul><li>Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.</li></ul><p>Financial Analysis</p><ul><li>Knowledge of and ability to read, interpret and draw accurate conclusions from financial and numerical material.</li></ul><p>Financial Forecasting and Modeling</p><ul><li>Knowledge of and ability to use processes, tools, and techniques for exploring and evaluating alternative financial scenarios and results.</li></ul><p>Financial Services Industry</p><ul><li>Knowledge of financial services industry trends, directions, major issues, regulatory considerations and trendsetters; ability to provide specific financial knowledge and experience to help organizational development.</li></ul><p>Market Risk</p><ul><li>Knowledge of processes, tools, and techniques used for analyzing market risk; ability to assess and manage investment exposures to market risk.</li></ul><p>Regulatory Environment</p><ul><li><p>Financial Services</p></li><li><p>Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.</p></li></ul><p>Work Experience</p><p>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 and experience (including military service) may be considered.</p><p>Education</p><p>Bachelors</p><p>Additional Job Description</p><p>Benefits</p><p>PNC offers employees 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; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com &gt; New to PNC.</p><p>Disability Accommodations Statement:</p><p>The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at pathfinder@pnc.com.</p><p>The Human Resources Service Center hours of operation are Monday</p><ul><li>Friday 9:00 AM to 5:00 PM ET.</li></ul><p>Equal Employment Opportunity (EEO):</p><p>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.</p><p>California Residents</p><p>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.</p><br> PNC Financial Services Group, Inc. Pittsburgh PA

Asset Management Group Development Program Analyst/Associate

PNC Financial Services Group, Inc.