ALM Associate - Balance Sheet Analytics

PNC Bank NA; Kentucky; On-site; USD 90,000 - 150,000; Full time

Job summary

PNC in New York City seeks an Associate for its CIO Portfolio Management and Analytics team. You will work directly with senior portfolio managers to build expertise in balance sheet analytics, fixed-income attribution, and interest rate risk management using quantitative methods and programming.

The role emphasizes Python/SQL modeling, data pipelines, and scalable BI infrastructure, with cross-functional collaboration across finance, risk, economics, and accounting.

Qualifications

• Bachelor’s degree in a quantitative field such as CS, Data Science, or Finance.
• Strong quantitative and analytical skills with data-driven problem solving.
• Proficiency in Python and SQL with large datasets.
• Strong communication and ability to convey insights clearly.
• Attention to detail and ability to manage time-sensitive analytical deliverables.

Responsibilities

• Analyze balance sheet and portfolio risk, return, and performance.
• Perform stress testing, scenario analysis, and projections.
• Develop Python-based financial models and data pipelines.
• Build scalable data, reporting, and BI infrastructure for CIO analytics.
• Collaborate with Portfolio Management, Balance Sheet Management, Economics, Finance, Market Risk, and Accounting.
• Identify opportunities for automation and AI with proper controls and production stability.

Skills

Quantitative skills

Python

SQL

Communication

Attention to detail

Time management

Education

Bachelor's degree in quantitative field (CS/Data Science/Financial Eng/Math/Finance)

Master's degree in a related quantitative discipline

Tools

Power BI

Job description

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 ALM Associate- Balance Sheet Analytics within PNC's Chief Investment Office (CIO) , you will be based in New York City, NY.

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance.

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, Statistics, or a related quantitative discipline.
• Knowledge of fixed income mathematics, portfolio analytics, interest rate risk, and/or forecasting and planning.
• Experience developing financial models, scenario analysis, and quantitative tools used to support investment or balance sheet decisions.
• Experience building scalable data pipelines, analytical applications, and production reporting solutions using large financial datasets.
• Experience with BI and visualization tools such as Power BI, and familiarity with automation, AI, or modern data analytics techniques.

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, 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) Language Assessments No Required or Preferred Language Assessments.

Base Salary: $90,000.00 – $150,000.00 Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.

Application Window Generally, this opening is expected to be posted for two business days from 11/02/2026, although it may be longer with business discretion.

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; 9 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 pncthrive.com.

Disability Accommodations Statement If an accommodation is required to participate in the application process, please contact us via email at [e-mail]. 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. This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history. 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.

For nearly 160 years, PNC has strived to make a meaningful impact for our employees, customers, communities, and shareholders. We believe our success and positive reputation are built on open and honest dialogue, an unwavering focus on smart risk management, relationship-based customer service and community investments. Our inclusive workplace allows our employees to be heard, valued, and developed to do their best work. Being a great place to work means we are making a lasting difference for everyone we serve.

PNC’s total rewards package includes things like time off, benefits, learning and career development, wellness programs, recognition and much more. The benefits and programs highlighted below are just a sampling of what PNC offers its employees. To learn more, visit our Total Rewards page.