ALM Associate - Balance Sheet Analytics

Job : R233720

Posted:

Location:

437 Madison (NY425)
Salary: $90,000.00 - $Type:
Full time Country:
United States of America Company: PNCPosition 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 ALM Associate
- Balance Sheet Analytics within PNC's Chief Investment Office (CIO) , you will be based in New York City, NY.Overview:

The PNC Chief Investment Office (CIO) is seeking an Associate to join its Portfolio Management and Analytics team. The CIO oversees approximately $150 billion of investment securities and $80 billion notional of interest rate derivatives, making it one of the largest fixed-income portfolios in the banking sector. The successful candidate will work directly with senior portfolio managers while gaining exposure to portfolio construction, investment / balance sheet analytics, risk management, and the strategic management of the bank’s assets and liabilities.

The CIO also oversees PNC's Economics Department and several key modeling functions, including mortgage and deposit modeling, providing the candidate with broad exposure to how banks manage earnings, financial risks, assets, and liabilities across a wide range of business activities. The ideal candidate will combine strong quantitative, programming, and statistical skills with a foundation in finance and strong communication skills.

The successful candidate will develop deep expertise in portfolio analytics, fixed-income performance attribution, NII and balance sheet analytics, portfolio stress testing, and the role of investment and hedging portfolios in managing interest rate risk and the broader balance sheet.

Job responsibilities:

• Analyze balance sheet and portfolio risk, return, and performance, including the impact of interest rates and market conditions on net interest income (NII) and the bank’s financial position.
• Perform stress testing, scenario analysis, and portfolio projections to evaluate interest rate risk and support investment and balance sheet management decisions.
• Develop, maintain, and enhance Python-based financial models, analytical tools, and data pipelines supporting balance sheet management and interest rate risk analytics.
• Build and enhance scalable data, reporting, and BI infrastructure to improve the efficiency, transparency, and accessibility of CIO analytics.
• Partner with Portfolio Management, Balance Sheet Management, Economics, Finance, Market Risk, and Accounting to develop analytical solutions that drive positive business outcomes.
* Identifying opportunities for automation and AI with appropriate controls and production stability.

Required qualifications:

• Bachelor’s degree in Computer Science, Data Science, Financial Engineering, Financial Mathematics, Statistics, Finance, or another quantitative discipline.
• Strong quantitative and analytical skills, with demonstrated ability to solve complex financial and data-driven problems.
• Strong programming and software development skills, including proficiency in Python and SQL, with experience working with large and complex datasets.
• Strong communication skills, with the ability to translate technical analysis into clear business and risk insights.
• Demonstrated attention to detail, intellectual curiosity, and ability to independently manage time-sensitive analytical deliverables.

Preferred qualifications:

• Master's degree or higher in Computer Science, Data Science, Financial Engineering, Financial Mathematics,…