Asset & Liability Managing Director (IC) - Corporate Treasury

PNC Bank; New York (NY); On-site; USD 100,000 - 285,000; Full time

Job summary

PNC Bank seeks an Asset & Liability Management Director to drive capital management strategies and ensure compliance with regulatory requirements. The role requires significant expertise in financial analysis, capital planning, and the ability to present complex information to senior management. Ideal candidates will have a quantitative degree and extensive experience in the financial services industry.

Benefits

Medical and prescription drug coverage

401(k) with PNC match

Comprehensive wellness programs

Generous paid time off options

Qualifications

• Quantitatively focused undergraduate / graduate degree.
• Prior experience in capital management or liquidity management preferred.
• 8+ years industry experience.

Responsibilities

• Perform due diligence and analysis for capital planning activities.
• Lead annual capital stress testing efforts.
• Prepare board presentations related to liquidity and capital planning.

Skills

Asset Allocation

Capital Management

Financial Analysis

Data Analytics

Market Research

Education

Bachelors Degree

MBA or progress towards

Job description

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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) [position title] within PNC's [name of division] organization, you will be based in [city / state location of position].

Job Profile

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 Asset & Liability Management Director - Individual Contributor you will be based in Pittsburgh, PA or New York, NY. This position is primarily based in a PNC office location. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely at manager's discretion.

This role as Managing Director (Independent Contributor) within PNC's ALM Corporate Treasury organization reports directly to the Head of Capital Planning and Management and includes opportunities to oversee and support a broad range of activities. This group is responsible for the strategy, analytics, and execution of capital management related activities at PNC. In addition, this role involves leading the ALM Corporate Treasury team's efforts related to recovery and resolution planning. This team works closely with executive management, line of business, finance, risk management, internal audit, legal, and regulatory affairs partners across PNC.

Your work will contribute directly to ALM's ongoing efforts in optimizing PNC's capital and balance sheet, evaluating relevant risks, and maintaining compliance with regulatory requirements. Responsibilities include :

• Performing due diligence and analysis related to capital planning and management activities, including for capital optimization strategies.
• Leading and participating in annual capital stress testing efforts (CCAR) and development of PNC's capital plan.
• Assisting with planning and execution of PNC's share repurchase program.
• Leading and performing research, financial analyses, and preparation of reports for PNC and peers using independent judgment and discretion.
• Coordinating ALM Corporate Treasury team's overall activities related to recovery and resolution planning.
• Leading and participating in Capital Planning and Management team's activities related to recovery and resolution planning, including scenario design and related analytics, trigger framework, documentation, governance, and reporting.
• Leading and assisting with the development of executive and board-level presentations.
• Presenting to senior management.
• Reviewing relevant regulations related to capital, liquidity, and recovery and resolution planning.

Preferred :

• Quantitatively focused undergraduate / graduate degree is preferred (Mathematics, Computer Science, Finance, Economics)
• MBA, CPA, CFA (or progress towards completion) a plus
• Operating knowledge of bank financial statements and / or credit risk preferred
• Prior experience in capital management, liquidity management, and / or recovery and resolution planning at a bank preferred

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position. Job Description

• Executes business strategy and coordinates responses and moderately complex remediation activities. Performs financial analysis, conducts research and prepares and delivers presentations. Participates in stress testing efforts.
• Consults with the business and senior management on relevant regulations related to liquidity and capital planning management.
• Participates in team's analytics / stress testing as it relates to liquidity and capital planning. May include executing equity / debt transactions related to the liquidity and capital planning strategies.
• Works with internal teams including business lines, finance, risk management and regulatory affairs.
• Executes business strategy and coordinates responses and remediation activities. May manage ALM staff and processes.
• Prepares board presentations and defines governance and procedures related to liquidity and capital planning management.

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 Asset Allocation, Auditing Operations, Business Case Analyses, Capital Management, Data Analytics, Financial Analysis, Market Research, Strategic Planning Competencies Asset and Liability Management (ALM), Decision Making and Critical Thinking, Effective Communications, Financial Forecasting and Modeling, Market Risk, Regulatory Environment - Financial Services Work Experience Roles at this level typically require a university / college degree. Higher level education such as a Masters degree, or PhD is desirable. Industry experience is typically 8 + years. Specific certifications are often required. 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) Pay Transparency Base Salary : $100,000.00 - $284,050.00Salaries 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 / 26 / 2024, 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; 8 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 Your PNC Total Rewards.

Disability Accommodations Statement

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.

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.