Fixed Income Quantitative Analyst - PNC Capital Advisors

PNC Bank • Cleveland, OH

2d • $45,000 - $124,200 • Hybrid

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 Fixed Income Quantitative Analyst within the PNC Capital Advisors organization, you will be based in Cleveland OH, Baltimore MD or Chicago IL. 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. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position. PNC Capital Advisors (PCA) is a Registered Investment Advisor (RIA) that specializes in managing taxable fixed income portfolios for institutional clients. Investment strategies range from liquidity and short duration through core and liability hedging strategies. As of June 30, 2025, PCA manages $44B in AUM. PCA is a wholly owned subsidiary of PNC Bank. Job Description Under general supervision, performs advanced quantitative analyses and models development to support decision-making by running quantitative strategies. Analyzes and develops new model frameworks by supporting the line of business. Refines, monitors, and reviews existing models. Conducts on-going communication with model owners and model developers during the course of the review. Works with large data to create models. Performs quantitative analysis and develops reports. Performs qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Analyzes complex data and associated quantitative analysis. Uses quantitative tools and techniques to measure and analyze model risks and reaches conclusions on strengths and limitations of the model. Prepares and analyzes detailed documents for validation and regulatory compliance, using applicable templates. 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 2+ years of relevant professional experience.
• 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

• Be highly motivated and have a strong interest in financial markets
• Eager to learn and develop new skills
• Be able to work with complex datasets
• A degree in finance, statistics, math, or economics is a plus
• Programming, modeling, or other quantitative skills is a plus
• Pursuing a CFA is preferred
• Analytical Thinking
• Credit Risks
• Data Analytics
• Financial Analysis
• Model Development
• Operational Risks
• Quantitative Models
• Risk Appetite

Responsibilities

• Monitor and analyze investment risks and exposures for 23-person portfolio management team.
• Complete investment quantitative analysis and develop tools to help manage, measure, and monitor portfolio risks.
• Develop performance analytics, analyze relative value, and assess portfolio performance attribution.
• Coordinate data and automation projects with technology partners.
• Support business development and client service partners.
• Conduct security analysis across corporate, government, mortgage backed, and asset backed securities.
• Under general supervision, performs advanced quantitative analyses and models development to support decision-making by running quantitative strategies.
• Analyzes and develops new model frameworks by supporting the line of business.
• Refines, monitors, and reviews existing models.
• Conducts on-going communication with model owners and model developers during the course of the review.
• Works with large data to create models.
• Performs quantitative analysis and develops reports.
• Performs qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity.
• Analyzes complex data and associated quantitative analysis.
• Uses quantitative tools and techniques to measure and analyze model risks and reaches conclusions on strengths and limitations of the model.
• Prepares and analyzes detailed documents for validation and regulatory compliance, using applicable templates.

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: Entry Level