ALM Director - Balance Sheet Analytics (IC)

PNC Financial Services Group, Inc.; Cleveland (OH); On-site; USD 112,000 - 250,000; Full time

Benefits offered by this job

Medical/prescription drug coverage

401(k) with PNC match

Pension and stock purchase plans

Dependent care reimbursement

Job summary

PNC Financial Services Group, Inc. is seeking an ALM Director to advance balance sheet valuation and interest rate risk management. You will program, engineer data, and automate tools within the Chief Investment Office, supporting the QRM modeling platform and ensuring reliable data and reporting.

The role is non-managerial and can be based in New York, Pittsburgh, or Cleveland, with collaboration across risk, finance, and technology teams to deliver scalable solutions.

Qualifications

• Bachelor's degree in a quantitative field.
• Deep expertise in Python and SQL for production code and relational databases.
• Experience with large financial datasets and scalable data pipelines.

Responsibilities

• Own and enhance databases supporting QRM balance sheet analytics.
• Develop production code, analytical tools, and scalable reporting solutions.
• Build automated data preparation, reconciliation, and reporting processes.
• Collaborate with risk, finance, and tech stakeholders to translate requirements.
• Support balance sheet analytics production and stress testing activities.

Skills

Python

SQL

Data pipelines

Analytical thinking

Education

Bachelor's degree in Computer Science, Data Science, Financial Engineering, Financial Mathematics, Statistics, or a related quantitative field

Tools

Java

C#

QRM software

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 Director - Balance Sheet Analytics within PNC’s Asset Liability Management organization, you can be based in New York, Pittsburgh or Cleveland. This is an individual contributor (non-manager) role. As an ALM Director in PNC’s Chief Investment Office, you will perform a highly technical role supporting balance sheet valuation and interest rate risk management through programming, data engineering, database management, automation, and analytical development. You will maintain and improve the reliability, scalability, and transparency of critical balance sheet processes by owning and enhancing the data, code, and analytical tools supporting PNC’s Quantitative Risk Management (QRM) balance sheet modeling platform.

Job Responsibilities

• Own, maintain, and enhance databases supporting QRM balance sheet valuation and interest rate risk analytics.
• Develop, maintain, and optimize production code, analytical tools, and scalable reporting solutions to improve reliability, efficiency, and analytical capabilities.
• Build automated processes for data preparation, reconciliation, quality control, reporting, and routine risk analysis.
• Leverage QRM data and outputs to create record-level analytics that provide deeper insight into balance sheet positions, valuation drivers, and risk exposures.
• Support daily and monthly production of balance sheet analytics, including troubleshooting, exception management, and resolution of time-sensitive issues.
• Collaborate with balance sheet analysts, portfolio managers, financial modelers, risk management, finance, and technology stakeholders to translate business requirements into practical data and reporting solutions.
• Maintain robust technical documentation, operating procedures, controls, and backup coverage for critical processes.
• Support regulatory, audit, model risk, and governance initiatives related to balance sheet valuation and interest rate risk management.
• Identify and implement automation and AI-driven opportunities while maintaining appropriate controls, transparency, and production stability.
• Executes business strategy, process improvements and remediation activities.
• Performs financial analysis, conducts research and prepares and delivers presentations.
• Participates in stress testing efforts.
• Based on own discretion, researches and collects information for PNC's balance sheet.
• Analyzes, reviews and presents risk analytics/stress testing material including documentation and templates to senior team members.
• Influences lines of business in understanding specific line items of PNC's balance sheet and income statement.
• Works with various review teams, including model risk management, internal and external audit and regulators.

Required Qualifications

• Bachelor's degree in Computer Science, Data Science, Financial Engineering, Financial Mathematics, Statistics, or a related quantitative field.
• Deep expertise in Python and SQL, including experience developing, maintaining, and supporting production code and relational databases.
• Experience working with large, complex financial datasets and developing scalable data pipelines, analytical tools, and production reporting solutions.
• Strong analytical, problem-solving, and communication skills, with the ability to explain technical concepts to business and risk stakeholders.
• Demonstrated attention to detail and the ability to manage independent, time-sensitive deliverables.

Preferred Qualifications

• Hands-on experience with Quantitative Risk Management (QRM) software and knowledge of QRM valuation, economic value of equity, duration of equity, net interest income, key-rate risk, balance sheet forecasting, analytics, reporting, and output structures.
• Master’s degree or higher in Computer Science, Data Science, Financial Engineering, Financial Mathematics, Statistics, or a related quantitative discipline.
• Prior experience in ALM, balance sheet management, treasury, market risk, or interest rate risk.
• Solid understanding of financial statements, balance sheet products (loans, deposits, fixed‑income securities, derivatives), and interest rate risk concepts.
• Experience developing and maintaining applications in Java and C#, in addition to Python.

Preferred Skills

• Balance Sheets
• Bookkeeping
• Budget Management
• Cash Flow Statements
• Corporate Accounting
• Financial Operations
• Managerial Finance
• Public Accounting
• Revenue Recognition
• Competencies Asset and Liability Management (ALM)
• Data Gathering and Reporting
• Decision Making and Critical Thinking
• Effective Communications
• Market Risk
• Regulatory Environment - Financial Services

Pay Transparency

Base Salary: $112,000.00 – $249,600.00 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.

Benefits

• 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
• 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
• years of service

Disability Accommodations Statement

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.