PNC Financial Services Group, Inc. Pittsburgh , PA 15201
Posted 4 weeks ago
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 a Portfolio Analytics & Strategy Analyst Sr. within PNC's Balance Sheet Analytics & Modeling Group, you will be based in Cleveland, Ohio, Pittsburgh, Pennsylvania or Washington, DC.
You will play a key role in the development and management of the loan loss reserve for PNC's $82B retail loan portfolio under the new CECL (Current Expected Credit Loss) standard. In this role, you will apply quantitative analytics and conceptual thinking towards the development of solutions for the loan loss reserve. You will work with large datasets, predictive models, and financial and analytical reports. You will develop effective written and verbal communications to share the strategies that you develop. You will work closely with Finance, Independent Risk Management, Data and Business teams. You will cultivate a deeper understanding of PNC's retail portfolio (including residential real estate loans, credit card, automobile, education and other personal loans), drivers of losses on the portfolio and loss forecasting techniques. Ultimately, this role will support PNC's continued sound management of the loan loss reserves and impact PNC's financial statements.
This Sr. Analyst role is responsible for working with the lines of business in creating and developing loss reserve solutions, methodologies and models for PNC's consumer loans portfolio in response to changing business conditions, regulatory environment and accounting policies. Analyst will also be responsible for testing and validating the solutions during the implementation phase as well as executing the solutions and documenting the results post implementation for on-going CCAR reserve reporting cycles. A key aspect of the analyst's responsibility is also to develop, monitor and refine new forms of analytics on a continuous basis to capture potential risks, track the overall trend and communicate out effectively to CCAR loss reserve governing bodies and lines of business in the consumer loss reserve space.
BS/BA in STEM related area. Masters and PhD are a plus.
3 years of related analytical experience.
Knowledge of banking industry and financial services industry.
Knowledge of Loss Reserve Process is a plus.
Knowledge of Stress Testing is a plus
Ability to conceptualize.
Solid verbal communication skills including presentation skills.
Strong technical writing skills.
Programming skills in SAS, R and or Python, SQL.
Advanced Excel and PowerPoint Skills.
Ability to act as a self-starter and work well on a team.
Please note, PNC will not sponsor work visas for this position.
Provides financial and regulatory reporting and analyses to maintain adequate controls over the financial and regulatory reporting processes. Responsible for running complex business performance, risk and operational analytics. May include the development of analytical methods/models to assess market, credit and/or operational risk of new and existing financial products.
Leverages business / product expertise to rigorously analyze large datasets, improve risk adjusted returns, deliver profitable growth, and communicate conclusions. Synthesizes analytical results and develops, recommends, and implements business strategies that improve lending decisions, assist in managing risk, increase revenues, reduce exposure to losses, meet business goals, and improve performance. Establishes baselines for strategies and tracks actual performance to expectations.
Applies predictive models, third party data, and other tools to develop and execute appropriate segmentation and targeting for acquisition and portfolio strategies to provide insight into portfolio risk. Manages engagements with internal and external information suppliers ensuring solution is fit for purpose while maintaining appropriate governance and oversight.
Works with business, credit, data, and model development partners to design, develop, and monitor test designs and analytical reporting to track and enhance strategies. Designs / enhances standard reporting suites for regular product / portfolio reviews.
Collaborates with the line of business, Finance, and Risk partners to assess and establish credit risk appetite and to understand its implications, as well as to establish policies and procedures governing the identification, monitoring, and management of risk appetite.
PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
Big Data Management and Analytics
Mathematics of Financial Instruments
Pricing Models and Analytics
Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.
Risk Management Banking
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.
Additional Job Description
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 email@example.com.
The Human Resources Service Center hours of operation are Monday
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.
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.
PNC Financial Services Group, Inc.