Quantitative Analytics and Model Development Associate

PNC Bank•Pittsburgh, PA

2d•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. As a Quantitative Analytics and Model Development Associate within PNC's Balance Sheet Management organization, you will be based in Pittsburgh, PA. As part of the Balance Sheet Management team, you will contribute to PNC's capital planning and stress testing efforts (CCAR/DFAST). You will help produce the Pre-Provision Net Revenue (PPNR) projections which are built from a bottom-up process, offering exposure to all of PNC’s business segments, products, and revenue streams. Successful analysts will display the intellectual curiosity and communication skills necessary to partner with line of business (LOB) and corporate treasury stakeholders to better understand PNC’s strategy and economic sensitivity. These detailed insights are distilled into a long-term forecast which is reviewed by senior management and regulators. You will perform a wide variety of quantitative analyses to support this forecast including: Model development and maintenance, Implementation of forecast assumptions into PNC’s cash flow engine (QRM), Creation of streamlined reporting and visualizations that “tell the story” of PNC’s forecast, Historical research to benchmark PNC’s performance vs. industry, peer, and macroeconomic trends, Ad hoc “what if?” analyses to assess the impact of key risks and current market themes. You will use many tools to perform these tasks. Extensive use of Microsoft Excel is expected, and fluency with Python, SQL, Microsoft Power Apps, and even LLM-assisted tools such as Copilot will greatly aid analysts to produce more detailed and efficient analysis. You will have near-daily exposure to QRM (Quantitative Risk Management), which underpins PNC’s net interest income forecast. 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.

Requirements

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.
Roles at this level typically require a university / college degree with < 1 year of professional experience and/or successful completion of a formal development program. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Bachelors
No Required Certification(s)
No Required License(s)
No Required or Preferred Language Assessments

Nice To Haves

Analytical Thinking
Credit Risks
Data Analytics
Financial Analysis
Model Development
Operational Risks
Quantitative Models
Risk Appetite
Bank Quantitative Analysis
Consulting
Data Gathering and Reporting
Effective Communications
Predictive Analytics
Quantitative Techniques
Regulatory Environment - Financial Services
Testing

Responsibilities

Performs advanced quantitative analysis and model development through the application of statistical techniques with limited supervision.
Performs statistical and quantitative analysis and model development to support decision-making by running statistical strategies and working with various asset classes.
Analyzes and develops new model frameworks in order to support the needs of 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.
Peforms and analyzes quantitative statistical analysis and develops financial reports.
Analyzes 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 financial reports and associated statistical analysis.
Analyzes existing models and make recommendations.
Uses quantitative tolls and technique to measure and analyze risks.
Uses quantitative tools and techniques to evaluate identified model risks and reaches conclusions on strengths and limitations of the model.
Prepares and analyzes detailed documents for validation and regulatory compliance.