ALM Associate Senior - Portfolio Management

Position Overview As an ALM Associate Senior – Portfolio Management within PNC’s Asset Liability Management organization, you will support PNC’s Chief Investment Office, which manages over $200billion in fixed‑income assets and derivative products. The role is based in NYC or Pittsburgh, PA. You will work directly with senior portfolio managers and traders to develop credit and relative‑value views, evaluate investment opportunities, conduct research, and support credit modeling across structured product portfolios. Responsibilities Securitization Analytics – Evaluate new‑issue ABS, CLO, RMBS, and CMBS transactions for potential portfolio acquisition, including structural analysis, collateral review, cash‑flow modeling, and relative‑value assessment. Recommend purchases and sales of securitized products and coordinate with portfolio managers, broker‑dealers, and rating agencies. Familiarity with bank securitization programs and significant risk‑transfer structuring is a plus. ABS Portfolio Analytics – Develop and maintain credit and relative‑value views across the structured products portfolio. Perform ongoing collateral surveillance, spread analysis, and sector‑level performance monitoring, including underwriting trends, prepayment and default dynamics, and macroeconomic factors affecting securitized credit. Prepare analytics packages, trade recommendations, and reporting for portfolio managers and trader meetings. Support credit model review and validations. Sector Research & Communication – Conduct fundamental sector, market, and security‑level analysis and synthesize findings into well‑researched investment recommendations and sector theses. Communicate views clearly to portfolio managers, traders, and senior staff, collaborating across internal and external stakeholders to inform portfolio strategy. Regulatory & Risk Support – Support regulatory reporting, capital and liquidity exercises, loss reserving (CECL), stress testing, and model validation efforts for the structured products portfolio in coordination with risk, finance, and quantitative partners. Data Infrastructure & Automation – Maintain and enhance portfolio databases, dashboards, and classification systems. Leverage Python, SQL, and generative AI tools to improve reporting accuracy, efficiency, and scalability. Use independent judgment and discretion to perform transaction and portfolio‑level analysis, conduct research, and prepare reports. Identify problems in analytics and develop solutions. Interact with internal and external service partners, including broker‑dealers and analytics providers. Qualifications Work Experience – 3+ years of relevant direct industry experience supporting portfolio management, credit analysis, or structured products. Education – Bachelor’s degree required. Preferred Skills – Asset allocation, auditing operations, business case analyses, credit risk analysis, data analytics, data visualization, decision making, investments, market research, accuracy and attention to detail, ALM, business acumen, derivatives, effective communications, financial analysis, industry knowledge, investment performance measurement, investment reporting, pricing models and analytics. Technical Skills – Proficiency in Python, SQL, and experience using generative AI tools for research synthesis and workflow automation. Other – Familiarity with bank balance sheets, interest‑rate risk management, and securitization‑related regulatory frameworks. Benefits Medical and prescription drug coverage with Health Savings Account feature. Dental and vision coverage. Life insurance for employees and spouses/children. Short‑ and long‑term disability protection. 401(k) with PNC match, pension and stock purchase plans. Dependent care reimbursement account, backup child/elder care, adoption, surrogacy, and doula reimbursement. Educational assistance for select programs. Wellness program with financial incentives. Paid time off: maternity/parental leave, up to 11 paid holidays, 9 occasional absence days, and 15–25 vacation days per year. EEO Statement PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law. This position is subject to the requirements of Section19 of the Federal Deposit Insurance Act and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 and/or the Financial Industry Regulatory Authority regulations that prohibit the hiring of individuals with certain criminal histories. #J-18808-Ljbffr PNC Financial Services Group, Inc.