Quantitative Analytics & Model Development Analyst Sr
About The Position
At PNC, employees work together to deliver a strong customer experience and foster an inclusive workplace. This role is part of PNC's Finance organization and Balance Sheet Management team, based in Pittsburgh, Pennsylvania, or Cleveland, Ohio. It contributes to the measurement and projection of interest rate risk and liquidity risk, with opportunities to engage with corporate treasury stakeholders, lines of business, and risk management partners. The analyst works closely with the Quantitative Risk Management (QRM) application, PNC's core balance sheet modeling application, and is responsible for executing and managing assumptions and reporting output. The role uses quantitative analytics and model development to support decision-making, including the review and refinement of models, complex data analysis, model-risk assessment, and the preparation of validation and regulatory-compliance documentation. Excel, SQL, Python, PowerBI, and LLM-assisted tools are important to the analytical work. The position is in-office; candidates are encouraged 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
- A bachelor's degree; a comparable combination of education, job-specific certifications, and experience may be considered in lieu of a degree.
- At least 3 years of relevant or direct industry experience is typical for roles at this level.
- Fluency with Excel, SQL, Python, PowerBI, and LLM-assisted tools is critical to delivering analytics.
- Demonstrated knowledge, skills, and abilities appropriate to the role.
- Strong intellectual curiosity, attention to detail, problem-solving ability, and communication skills.
- Ability to work in a dynamic environment.
Nice To Haves
- Experience with balance sheet modeling, banking products, macroeconomics, and financial engineering or mathematics.
- Analytical thinking, credit risks, data analytics, financial analysis, model development, operational risks, quantitative models, and risk appetite skills.
- Competencies in bank quantitative analysis, consulting, data gathering and reporting, effective communications, predictive analytics, quantitative techniques, the financial-services regulatory environment, and testing.
- Certifications are often desired; no specific certification is required.
Responsibilities
- Independently perform advanced quantitative analyses and model development to inform decisions, and make recommendations based on analyses.
- Support lines of business by analyzing and developing model frameworks; refine, monitor, and review existing models.
- Communicate on an ongoing basis with model owners and model developers during model reviews.
- Work with larger and more complex datasets to create models.
- Perform quantitative analysis and develop complex reports.
- Assess models qualitatively and quantitatively, including their theoretical aspects, design, implementation, and data quality and integrity.
- Analyze complex data and related quantitative analyses, and recommend actions based on findings.
- Use quantitative tools and techniques to measure and analyze model risks and identify model strengths and limitations.
- Prepare and analyze detailed validation and regulatory-compliance documents using applicable templates.
- Execute and manage balance-sheet modeling assumptions and reporting output using the QRM application.
Benefits
- Medical and prescription drug coverage, including a Health Savings Account feature, depending on eligibility.
- 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 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, depending on eligibility.
- Incentive-eligible compensation based on company, business, and/or individual performance.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
