Graduate Intern, Economic Scenario Design, Chief Investment Office (CIO) (Non-Campus)

PNC • New York, NY

9d • $100,000 - $170,000 • 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. This 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. The Scenario Design team is responsible for developing and maintaining the firm’s baseline economic forecast and alternative macroeconomic scenarios used across CECL and CCAR processes. In this role, the candidate will monitor evolving economic conditions, provide timely commentary to inform the forecast process, and contribute to the ongoing development, enhancement, and monitoring of economic models. The position also plays a key part in leveraging technology—such as dashboards, automation, and analytical tools—to improve forecasting efficiency, transparency, and analytical rigor. The position is based in New York City and is fully in office. Job Description Participates as an intern performing various functions within a line of business. Performs or assists with the core activities of the group by applying knowledge learned to drive business results (e.g. deal, sales, or process support, internal or external customer interaction or supporting internal projects). Works under supervision and may have limited approval and/or exception authority. Participates in social learning within the organization (e.g. identifies and networks with business representatives and peers, participates in mentoring, job shadowing and community outreach) 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

• Masters/Phd level training in Economics/Finance. Phd level training will enhance candidacy
• Strong coursework in statistics and empirical methods for economics and finance
• Technical training in programming languages will enhance candidacy
• Experience with doing independent empirical research. Publications will enhance candidacy
• Interest in financial markets
• Strong business communication skills – writing and speaking
• The candidate must be eligible to work in the US.
• PNC does not provide sponsorship for work visas or for permanent residency.

Nice To Haves

• Phd level training will enhance candidacy
• Technical training in programming languages will enhance candidacy
• Experience with doing independent empirical research. Publications will enhance candidacy

Responsibilities

• Help maintain and enhance the firm’s baseline economic outlook and alternative scenarios used for CECL and CCAR.
• Monitor economic and financial market conditions and provide written and verbal commentary to support the scenario and forecasting process.
• Support economic modeling initiatives, including model performance monitoring, documentation, and model development.
• Design, build, and maintain dashboards and technological solutions that streamline and strengthen the forecasting workflow.
• Collaborate with internal stakeholders to ensure high-quality scenario development and delivery.

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.

What This Job Offers

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