Bank Risk Investment Officer

PNC Bank • Cleveland, NY

19d • $125,000 - $276,900

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. As a Bank Risk Investment Officer within PNC's Market Risk Oversite organization, you will be based in a location within the PNC footprint. We are seeking a risk manager to join our team, reporting directly to the Head of Capital Markets Risk Oversight. This role is critical in managing market risk across the Capital Markets business, with a strong focus on Interest Rate Derivatives, FX, Commodities, Structured Products, and advanced risk metrics such as VaR, CVA, and stress testing. Establishes Line of Business vision and strategy, initiatives and activities associated with building, testing, and/or validation of quantitative models used for important business decisions and policies. Oversees robust and comprehensive model review testing and quantitative analysis in accordance with all applicable review procedures and lifecycle standards. Creates Line of Business vision and establishes strategies needed to develop new model frameworks. Oversees the most complex qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Grants Line of Business approval on the reviews of complex reports and associated quantitative analysis. Validates existing models and assesses model risks. Evaluates identified model risks and reaches conclusions on strengths and limitations of the model. Reviews and approves the preparation and analysis of detailed documents for validation and regulatory compliance. Directs, motivates, develops and manages the performance of the management team and key staff. 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

• Analytical Thinking
• Credit Risks
• Data Analytics
• Financial Analysis
• Model Development
• Operational Risks
• Quantitative Models
• Risk Appetite
• Roles at this level typically require a university / college degree as well as a Masters degree, PhD, or certifications.
• Industry-relevant experience is typically 8+ years.
• 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

• Experience: 5–10 years in Capital Markets risk management or related roles.
• Product Knowledge: Good understanding of at least one of following market: Interest Rate Derivatives, FX, Commodities, Structured Products, and associated risk methodologies.
• Technical Skills: Proficiency in Python and SQL; ability to develop analytics and automate processes. Knowledge of Murex is a strong plus.
• Risk Metrics Expertise: Hands-on experience with VaR, PFE, stress testing, and other advanced risk measures.
• Education: Bachelor’s or Master’s degree in Finance, Economics, Mathematics, or related field.
• Collaboration: Strong ability to partner across functions and influence stakeholders.
• Growth Mindset: Willingness to learn, adapt, and grow within the organization.

Responsibilities

• Strategic Oversight: Support the Head of Capital Markets Risk Oversight in defining and executing the risk oversight strategy for trading and structured products.
• Risk Framework Development: Design, implement, and continuously enhance market risk assessment, limit frameworks, and monitoring tools.
• Analytics & Technology: Develop and maintain advanced analytics leveraging Python and SQL; build tools to improve risk transparency and decision-making.
• Cross-Functional Collaboration: Work closely with Front Office, Finance, IT, Legal, Compliance, and other stakeholders to ensure integrated risk management.
• Daily Risk Monitoring: Oversee risk exposures, validate adherence to limits, and escalate breaches promptly.
• Quantitative Analysis: Quantify and analyze complex risks including PFE, VaR, CVA, and stress scenarios.
• Regulatory Engagement: Represent Market Risk Oversight in regulatory and audit reviews, ensuring timely and accurate responses.
• Capital Markets Committees: Actively participate and provide risk insights to senior management and governance forums.

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 .

What This Job Offers

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