Investment Manager/Portfolio Research Specialist - Defined Contribution Plans

PNC Financial Services Group; Pittsburgh (Allegheny County); On-site; USD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company as an Investment Manager/Portfolio Research Specialist in Pittsburgh. This role offers the chance to work within a dynamic team, focusing on investment due diligence and portfolio analysis for Defined Contribution Plans. You'll collaborate with Retirement Plan Advisors, contribute to continuous improvement initiatives, and mentor colleagues. The organization values a diverse and inclusive culture, providing ample opportunities for personal and professional growth. If you are passionate about investment management and eager to make a significant impact, this role is perfect for you!

Benefits

Medical coverage

Dental and vision options

401(k) with match

Pension plan

Educational assistance

Paid time off

Short and long-term disability protection

Wellness program

Life insurance

Adoption and surrogacy reimbursement

Qualifications

• 5+ years of industry-relevant experience is typically required.
• Strong analytical and communication skills are essential for success.

Responsibilities

• Develop and direct analysis and due diligence for investment portfolios.
• Provide guidance to team members on investment manager selection.

Skills

Investment due diligence

Attribution analysis

Leadership & training

Communication skills

Creative problem-solving

Microsoft Excel

Knowledge of ERISA

Analytical thinking

Managing multiple priorities

Education

University / College degree

Certifications (AIF, CFA, CIMA)

Tools

Morningstar Direct

Morningstar Report Portal

Morningstar Presentation Studio

fi360’s FirmPlus

Seismic

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 Investment Manager/Portfolio Research Specialist - Defined Contribution Plans within PNC's Asset Management Group Investment Office organization, you will be based in Pittsburgh, PA. Other PNC locations within the PNC Asset Management Group footprint will also be considered.

The position is primarily based in a PNC location. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at the manager’s discretion.

This position works as part of an investment service team in the AMG Investment Office reporting to the Investment Director for Institutional Defined Contribution Plans and supports a growing business. You will work closely with the Institutional Asset Management Retirement Plan Advisors and Business Development Officers, input, creation and monitoring of internal systems, and vendor systems to create reports and other information that support Fiduciary Investment Services to Defined Contribution Plan clients. You will be a contributor to the ongoing investment due diligence processes for our FIS Investment platform, write and review fund commentary, update internal and external vendor systems, as well as prepare client deliverables and communications to the Retirement Plan Advisors. You will lead certain team processes and functions including identifying opportunities for continuous improvement and assist with mentoring and training others.

Preferred experience/skills:

• Investment due diligence
• Attribution analysis and writing client-facing fund commentary
• Leadership & training of co-workers
• Experience with mutual funds, CIT’s or other investments used by Defined Contribution plans
• Morningstar Direct, Morningstar Report Portal and Morningstar Presentation Studio
• fi360’s FirmPlus or Fiduciary Toolkit interface and Seismic a plus
• Microsoft Excel, including use of formulas, advanced formulas, Pivot Tables, and macros to assist with data analysis and quality assurance
• Knowledge of investment aspects of Employee Retirement Income Security Act of 1974 & regulations, helpful
• Strong verbal and written communications skills
• Ability to juggle projects along with daily tasks and adapt to, and embrace change
• Creative problem-solving skills, able to meet deadlines and strong client focus
• Strong work ethic with examples of past successes
• AIF, CFA or CIMA designation or in process of obtaining a plus

Job Description

• Develops and directs analysis, due diligence research, monitoring and analytical activities for a variety of complex investment portfolio disciplines. Serves as subject matter resource for assigned area of responsibility.
• Develops, establishes and maintains a high quality due diligence and/or portfolio analysis process. Responsible for the monitoring and selection of managers within the assigned coverage area for the platform and/or portfolios. Adheres to and assists in developing internal processes.
• Provides direction to team members to ensure appropriate investment managers are reviewed, selected for the platform and/or portfolios and monitored. Coaches and provides guidance for team members.
• Ensures ongoing internal client support with regard to managers and/or portfolios in assigned coverage area.
• Produces written documents outlining investment managers' organizational structure as well as their investment process. Authors final reports that are presented to Investment Advisor Research. Updates manager profiles and is responsible for quarterly reporting.

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.

Competencies

Accuracy and Attention to Detail, Analytical Thinking, Business Data Analysis, Decision Making and Critical Thinking, Effective Communications, Industry Knowledge, Influencing, Managing Multiple Priorities, Problem Solving, Regulatory Environment - Financial Services

Work Experience

Roles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. 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

Not specified.

Certifications

No Required Certification(s)

Licenses

No Required License(s)

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

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.

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.