Investment Manager/Portfolio Research Associate III

PNC•Pittsburgh, PA

9d•Onsite

About The Position

At PNC, employees work together to deliver a strong customer experience and contribute to an inclusive workplace. This position is within PNC Wealth Management’s Research & Due Diligence organization and is based in Pittsburgh, Pennsylvania. The team is seeking a senior investment research analyst to support the development, management, and oversight of advisory portfolios and investment solutions. The role supports multi-asset portfolios through investment research, manager due diligence, capital market assumption development, investment recommendations, and communication of investment strategy to advisors, clients, and governance committees. It conducts analysis, due diligence research, monitoring, and other analytical activities across investment portfolio disciplines, including manager interviews. The position gathers information, independently generates reports, researches and compiles material for final reports, and may collaborate with specialists to author and present them. The position evaluates investment managers for platform or portfolio selection and monitoring, and analyzes how new managers or sectors fit within an overall asset allocation framework. It also supports portfolio implementation and maintenance using systems such as Envestnet and eMoney, and creates advisor- and client-facing commentary, presentations, and market insights. PNC describes itself as an in-office company and encourages candidates to discuss workplace expectations with their recruiter and hiring manager. PNC will not sponsor employment visas or participate in STEM OPT for this position.

Requirements

Bachelor’s degree.
At least 3 years of relevant or direct industry experience; a comparable combination of education, job-specific certifications, and experience may be considered in lieu of a degree.
Knowledge and skills in investment research, portfolio management, asset allocation, investment due diligence, mutual funds, ETFs, SMAs, and private market alternatives.
Competencies in 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, and the financial-services regulatory environment.
No required certifications.
No required licenses.

Nice To Haves

Certifications are often desired.

Responsibilities

Conduct investment research and due diligence on mutual funds, ETFs, separately managed accounts (SMAs), private market alternatives, and third-party investment managers.
Participate in manager interviews and monitor investment managers.
Assist in developing, implementing, and managing advisory model portfolios and asset allocation strategies.
Monitor portfolio performance, conduct performance attribution analysis, and provide investment recommendations.
Evaluate and maintain capital market assumptions, portfolio allocations, and risk frameworks.
Present investment recommendations and research findings to investment committees and senior leadership.
Support portfolio implementation and maintenance across platforms such as Envestnet, eMoney, and other advisory systems.
Prepare advisor- and client-facing investment commentary, presentations, and market insights.
Monitor industry trends, competitive offerings, and emerging investment opportunities.
Gather information, independently generate reports, and research and compile information for final reports.
Evaluate investment managers for platform or portfolio selection and monitoring.
Analyze the fit of new investment managers or sectors within an overall asset allocation framework.
Incorporate due diligence processes and portfolio analyses into daily activities.
Collaborate with specialists in authoring and presenting final reports when needed.
Focus on customer needs and satisfaction when making business decisions and developing customer solutions.
Assess and manage risks in accordance with PNC's Enterprise Risk Management Framework.

Benefits

Medical and prescription drug coverage, with a Health Savings Account feature, for eligible full-time employees.
Dental and vision options.
Employee and spouse/child life insurance.
Short- and long-term disability protection.
401(k) with PNC match.
Pension plan.
Stock purchase plan.
Dependent care reimbursement account.
Back-up child and elder care.
Adoption, surrogacy, and doula reimbursement.
Educational assistance, including select fully paid programs.
Wellness program with financial incentives.
Maternity and/or parental leave, depending on eligibility.
Up to 11 paid holidays each year, depending on eligibility.
9 occasional absence days each year, unless otherwise required by law, depending on eligibility.
15 to 25 vacation days each year depending on career level and years of service, subject to eligibility.