Asset and Liability Management (ALM) Associate Director (IC) - Portfolio Management

PNC • New York, NY

12d • $65,000 - $254,150 • Onsite

About The Position

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. The Asset and Liability Management (“ALM”) Associate Director will be a key contributor to PNC’s Chief Investment Office, which is led by PNC’s Chief Investment Officer (“CIO”) and responsible for managing over $200 billion in fixed income assets and derivative products within PNC Bank’s investment securities and derivatives portfolio. The CIO Office’s expertise is often required on a range of strategic initiatives, including objectives related to interest rate risk, capital, and liquidity regulatory frameworks, and the ALM director’s primary responsibility will be to support the CIO Chief Operating Officer and other CIO staff in executing on these initiatives. As part of these responsibilities, the ALM director will have the opportunity to work directly with senior portfolio managers and the Chief Investment Officer on a range of regulatory and governance projects and initiatives. The ideal candidate will have a well-rounded skill set that includes effective communication, presentation creation and delivery, analytical aptitude, and demonstrated project management ability, along with a deep understanding of bank balance sheets and fixed income markets. Attention to detail, process orientation, and collaboration with a broad range of stakeholders is particularly important in this role. Experience with regulatory examinations, structured product markets, or CFTC swap dealer regulations are viewed as beneficial. PNC is one of the largest banks in the US based on domestic assets, which totaled $569 billion as of Q3 2025. Job Description • Support senior staff in regulatory, governance, and other initiatives within the CIO Office and propose recommended actions to senior management. • Coordinate with portfolio managers, modelers, and other subject matter experts on assignments. • Oversee new projects and analytics which may include creation, maintenance and utilization of management reports to help the group meet their goals and directives. • Make recommendations based on knowledge of markets and macroeconomics, banking and regulatory requirements; assesses the potential impact of these on PNC and the assigned business unit. 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 Using independent judgment and discretion, performs or may lead transaction and portfolio level analysis, conducts research and prepares reports. Performs due diligence and statistical analysis related to portfolio management. Utilizes a working knowledge of financial instruments for the bank's investment portfolio, including research and collection of relevant information to contribute to investment decision making process and development of investment/trading strategies. Develops, maintains, and utilizes management reports and new projects for management that help the Group meet their goals and directives and help establish the risk position of the organization. Using discretion, identifies problems in analytics and develops solutions. Interacts with internal/external service partners, including broker dealers and/or analytics providers, and leverages their knowledge. Develops, administers and performs defined processes and procedures. Maintains knowledge of markets and macroeconomics and may make associated recommendations. Assesses the potential impact of these on ALM and the assigned business unit. 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.

Requirements

• Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role.
• 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.

Nice To Haves

• Asset Allocation
• Auditing Operations
• Business Case Analyses
• Credit Risk Analysis
• Data Analytics
• Data Visualization
• Decision Making
• Investments
• Market Research
• Experience with regulatory examinations, structured product markets, or CFTC swap dealer regulations are viewed as beneficial.

Responsibilities

• Support senior staff in regulatory, governance, and other initiatives within the CIO Office and propose recommended actions to senior management.
• Coordinate with portfolio managers, modelers, and other subject matter experts on assignments.
• Oversee new projects and analytics which may include creation, maintenance and utilization of management reports to help the group meet their goals and directives.
• Make recommendations based on knowledge of markets and macroeconomics, banking and regulatory requirements; assesses the potential impact of these on PNC and the assigned business unit.
• Using independent judgment and discretion, performs or may lead transaction and portfolio level analysis, conducts research and prepares reports.
• Performs due diligence and statistical analysis related to portfolio management.
• Utilizes a working knowledge of financial instruments for the bank's investment portfolio, including research and collection of relevant information to contribute to investment decision making process and development of investment/trading strategies.
• Develops, maintains, and utilizes management reports and new projects for management that help the Group meet their goals and directives and help establish the risk position of the organization.
• Using discretion, identifies problems in analytics and develops solutions.
• Interacts with internal/external service partners, including broker dealers and/or analytics providers, and leverages their knowledge.
• Develops, administers and performs defined processes and procedures.
• Maintains knowledge of markets and macroeconomics and may make associated recommendations.
• Assesses the potential impact of these on ALM and the assigned business unit.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level