Graduate Intern, Portfolio Management and Analytics, Chief Investment Office (CIO) (Non-Campus)

PNC Financial Services Group, Inc.; New York (NY); On-site; USD 63,000 - 105,000; Full time

Benefits offered by this job

Medical coverage

Dental & Vision

401(k) with match

Paid time off

Job summary

PNC's Chief Investment Office seeks a Graduate Intern to join its Portfolio Management and Analytics team in New York City. You will work closely with senior portfolio managers on portfolio construction, investment analytics, risk management, and balance sheet strategy.

You will gain hands-on experience in fixed-income markets, portfolio analytics, and risk management, with Python-based tool development and data visualization, in an in-office setting without visa sponsorship.

Qualifications

• Pursuing a graduate degree in a quantitative or analytically focused discipline.
• Programming experience in Python, R, or similar analytical languages.
• Strong quantitative and statistical problem-solving abilities.
• Coursework in fixed income, investments, financial mathematics, or related subjects.
• Familiarity with fixed income markets, portfolio analytics, banking, or financial risk management is preferred.
• Strong written, verbal, and presentation skills, with the ability to communicate complex analytical concepts to technical and non-technical audiences.
• Proficiency in Microsoft Excel, PowerPoint, and Word.

Responsibilities

• Analyze portfolio and balance sheet risk, return, and performance metrics to support investment and risk decisions.
• Conduct relative value analysis across mortgage-backed securities, U.S. Treasuries, and interest rate derivatives.
• Analyze drivers of portfolio performance and how rate changes affect earnings.
• Conduct stress testing, scenario analysis, and portfolio projections to support strategy.
• Design, enhance, and maintain Python-based analytical tools for PMs and analysts.

Skills

Python

R

Quantitative problem-solving

Excel

PowerPoint

Communication skills

Education

Graduate degree (quantitative)

Coursework in fixed income

No Degree

Tools

Python-based analytics tools

Data visualization tools

Job description

Job Profile

At PNC, our people are our greatest differentiator and competitive advantage in the market 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.

Position Overview

As a Graduate Intern, Portfolio Management & Analytics with PNC's Chief Investment Office organization, 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. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Job Description

The PNC Chief Investment Office (CIO) is seeking a Graduate Intern 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. As a front-office, buy-side intern, you will work directly with senior portfolio managers while gaining exposure to portfolio construction, investment analytics, risk management, and the strategic management of the bank's assets and liabilities. In addition, the CIO oversees PNC's Economics Department and several key modeling functions, including mortgage and deposit modeling, providing the intern with broad exposure to how banks manage earnings, financial risks, assets, and liabilities across a wide range of business activities.

Throughout the internship, you will gain hands-on experience across several areas of portfolio management, fixed-income investing, and the management of financial risks. Specific experiences will vary based on business needs, project assignments, and market conditions, but may include:

• Fixed-income portfolio management, investment strategy, and market analysis


• Portfolio and financial risk analysis, including development of Python-based decision support tools


• Risk measurement, performance attribution, and portfolio stress testing


• How financial institutions manage interest rate risk, liquidity, and long-term financial performance

Through project-based work and direct collaboration with portfolio managers, analysts, and quantitative professionals, you will gain practical experience in the investment process while building a strong foundation in fixed-income markets, portfolio analytics, risk management, and balance sheet strategy.

This position is based in New York City and requires full-time, in-office participation.

Job Responsibilities

As an intern, the candidate will participate in the many activities of the portfolio management / analytics team. These include:

Portfolio / Balance Sheet Analytics

• Analyzing portfolio and balance sheet risk, return, and performance metrics to support investment and risk management decisions.


• Conducting relative value analysis across mortgage-backed securities, U.S. Treasuries, and interest rate derivatives to identify investment opportunities and support portfolio positioning decisions


• Analyzing the drivers of portfolio performance and evaluate how changes in interest rates and market conditions affect the bank's earnings and long-term financial position


• Conducting stress testing, scenario analysis, and portfolio projections to support investment strategy across varying market environments

Investment Technology & Tool Development

• Designing, enhancing, and maintaining Python-based analytical tools used by portfolio managers and analysts.


• Improving data visualization, reporting, and investment analytics capabilities.


• Supporting automation initiatives that increase efficiency and scalability across investment processes.

Strategic Collaboration

• Partnering with teams across Finance, Balance Sheet Management, Risk Management, and Economics.


• Contributing to earnings forecasting, portfolio monitoring, and financial reporting


• Presenting analytical findings and recommendations to portfolio managers, investment professionals, and senior stakeholders.

Qualifications

We are looking for a candidate with the following:

• Pursuing a graduate degree in a quantitative or analytically focused discipline, including but not limited to: Financial Engineering, Quantitative Finance, Data Science, Computer Science, Operations Research, Applied Mathematics, Statistics


• Programming experience in Python, R, or similar analytical languages.


• Strong quantitative and statistical problem-solving abilities.


• Coursework in fixed income, investments, financial mathematics, or related subjects.


• Familiarity with fixed income markets, portfolio analytics, banking, or financial risk management is preferred.


• Strong written, verbal, and presentation skills, with the ability to communicate complex analytical concepts to technical and non-technical audiences.


• Proficiency in Microsoft Excel, PowerPoint, and Word.


• Intellectual curiosity, attention to detail, and the ability to thrive in a collaborative, fast-paced investment environment while taking ownership of projects.

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.

Competencies

Accuracy and Attention to Detail, Analytical Thinking, Effective Communications, Flexibility and Adaptability, Information Capture, Initiative, Products and Services, Self-Directed Growth and Development

Work Experience

Roles at this level are filled by recent university / college graduates with little or no professional experience, but possessing relevant skills. Includes individuals joining the organization through a Corporate development/ training program. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Education

No Degree

Certifications

No Required Certification(s)

Licenses

No Required License(s)

Language Assessments

No Required or Preferred Language Assessments

Pay Transparency

Base Salary: $63,000.00 - $105,000.00

Salaries may vary based on geographic location, market data and on individual skills, experience, and education.

Application Window

Generally, this opening is expected to be posted for two business days from 10/01/2026, 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.