Multi-Asset Class Portfolio Associate III

Fairygodboss; Philadelphia (Philadelphia County); On-site; USD 105,000 - 145,000; Full time

Benefits offered by this job

Health insurance

401(k) with match

Stock purchase plan

Job summary

PNC is seeking a Multi-Asset Class Portfolio Associate III in Philadelphia to support the Portfolio Construction and Management team. You will oversee multi-manager, multi-asset class model portfolios and produce detailed performance, attribution, exposure, and risk reports for the Investment Policy Committee and client advisors.

Success requires strong quantitative skills, experience with Excel, Morningstar Direct, and FactSet, plus Python or data visualization tools.

Qualifications

• 3+ years of relevant/ direct industry experience in asset management or portfolio management.
• Bachelor's degree required; certifications are a plus.
• Strong proficiency with Excel, Morningstar Direct, and FactSet; coding in Python and data visualization is a plus.

Responsibilities

• Perform analysis, due diligence research, monitoring and analytical activities for investment portfolios; participate in manager interviews.
• Gather information and independently generate reports to support portfolio decisions.
• Ensure investment managers are reviewed, selected, and monitored within the platform/portfolios.
• Introduce new investment managers with robust analyses for fit within allocation framework.
• Research and compile information for final reports and collaborate on presentations.

Skills

Analytical Thinking

Asset Management

Due Diligence

Financial Management

General Ledger (GL)

Process Control

Regulatory Knowledge

Decision Making

Education

Bachelor's degree

Tools

Morningstar Direct

FactSet

Excel (with macros)

Python

Tableau/Power BI

Job description

Job Profile

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.

Position Overview

As a Multi-Asset Class Portfolio Associate III within PNC's Asset Management Group Investment Office organization, you will be based in Philadelphia, PA.

As a member of the Portfolio Construction and Management team, you will focus on the management and oversight of multi-manager, multi-asset class model portfolios that sit at the core of the AMG Investment Office's guidance for our clients. You will support the team's detailed qualitative and quantitative analyses, partnering with our investment strategy, manager due diligence, trading implementation, and risk management teams, to deliver portfolio recommendations for a variety of client situations. You will also help develop and maintain detailed performance and attribution, exposure, and risk reports that are presented to the Investment Policy Committee and client-facing investment advisors. You will collaborate with Investment Office teams on projects and initiatives aimed at creating portfolio management efficiencies along with other ad-hoc initiatives as assigned by more senior members of the team. Strong quantitative capabilities and experience with systems like Excel with macros, Morningstar Direct, and/or FactSet are key to success in this role. Experience with Python or other basic coding and data visualization tools (Tableau and/or Power BI) is also a plus.

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

• Performs analysis, due diligence research, monitoring and analytical activities for a variety of investment portfolio disciplines. Participates in manager interviews.
• Actively incorporates due diligence processes and/or portfolio analyses into daily activities. Gathers information and independently generates reports.
• Ensures that appropriate investment managers are reviewed, selected for the platform and/or portfolios and monitored. Uses applicable systems to gather information and produce reports.
• Introduces new investment managers onto the platform and/or into portfolios by providing a robust analysis surrounding the fit of a sector or manager within an overall asset allocation framework.
• Researches and compiles information for final reports. May join specialists in authoring and presenting final reports.

We Care About Employees

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

Analytical Thinking, Asset Management, Capital Management, Due Diligence, Financial Management, General Ledger (GL), Process Control, Revenue Recognition

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 3+ years of relevant / direct industry experience. Certifications are often desired. 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)

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.