Job Details

Asset & Liability Management Associate Director- Liquidity & Capital Planning

Asset & Liability Management · R124636
November 16, 2022 · Full Time

Location(s): PA – Pittsburgh, NY – New York

Career Level: Specialist I
Scheduled Days/Hours:

Position Overview

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. As an Associate Director within PNC’s Asset & Liability Management organization, you will be based in Pittsburgh, PA.

This role will provide opportunities to lead analyses and reporting in the Capital Planning and Management Group. This group is responsible for analytics and execution of capital management related activities at PNC.

Responsibilities include:
• Performing due diligence and statistical analysis related to capital planning and management activities.
• Participating in annual capital stress testing efforts and development of PNC’s capital plan. May include executing equity/debt transactions related to capital and liquidity planning strategies.
• Assisting with planning and execution of PNC’s share repurchase program.
• Leading research, financial analysis, and preparation of reports for PNC and peers using independent judgment and discretion.
• Assisting with the development of executive and board-level presentations.
• Presenting to senior management.
• Reviewing relevant regulations related to capital and liquidity planning.
• Preparing and aggregating data for forecasting activities based on business and regulatory requirements.
• Collaborating with internal partners on topics related to capital planning, including working with internal Finance, Risk Management, Internal Audit, Legal, Regulatory Affairs, and business lines teams.

Job Description

  • Leads financial analysis, conducts research and prepares reports. Performs due diligence and statistical analysis related to liquidity and capital planning management. Participates in stress testing efforts. May facilitate business strategy and coordinate responses and remediation activities.
  • Reviews relevant regulations and peer research related to liquidity and capital planning management with executive management. May work with internal teams including business lines, Finance, Risk Management and Regulatory Affairs and assist with the development of executive or board-level presentations.
  • Manages and performs defined procedures, analyses and report preparation.  Performs data aggregation, quality assurance reporting, and routine transactions as a part of the group’s liquidity and capital management responsibilities.
  • Facilitates business strategy and coordinates responses and remediation activities.
  • Assists in analytics/stress testing as it relates to capital and liquidity. May include executing equity/debt transactions related to liquidity and capital planning strategies.                                                                                       
  • Using independent judgment, defines analysis required in the forecast, such as setting assumptions and determining key drivers.

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.

Competencies

Asset and Liability Management (ALM) – Knowledge of asset and liability tools, techniques and business practices; ability to manage, measure, and monitor risks associated with assets and liabilities.

Decision Making and Critical Thinking – Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.

Effective Communications – Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Financial Forecasting and Modeling – Knowledge of and ability to use processes, tools, and techniques for exploring and evaluating alternative financial scenarios and results.

Financial Services Industry – Knowledge of financial services industry trends, directions, major issues, regulatory considerations and trendsetters; ability to provide specific financial knowledge and experience to help organizational development.

Liquidity Management – Knowledge of and ability to utilize the tools, techniques, and acceptable business practices associated with managing a client’s short-term cash position for optimum benefit.

Market Risk – Knowledge of processes, tools, and techniques used for analyzing market risk; ability to assess and manage investment exposures to market risk.

Regulatory Environment – Financial Services – Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Work Experience

Roles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. Specific certifications are often required. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

Education

Bachelors (Required)

Additional Job Description

Base Salary: $65,000 – $140,000

Where a person is paid in the compensation range is aligned to their experiences and skills. Placement within the compensation range is based on the specific role and the following factors:

  • Lower in range – Building skills and experience in the job
  • Within the range – Experience and skills within the proficiency in the role
  • Higher in the range – Experience and skills add value above the typical requirements of the role
  • Compensation range may vary based on geographic location

Incentives:

Role is incentive eligible with the payment based on the company, business and individual performance.

Benefits

PNC offers employees 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; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com.

Disability Accommodations Statement:

The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at pathfinder@pnc.com. 

The Human Resources Service Center hours of operation are Monday – Friday 9:00 AM to 5:00 PM ET.

Equal Employment Opportunity (EEO):

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.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.

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Position Overview

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. As an Associate Director within PNC’s Asset & Liability Management organization, you will be based in Pittsburgh, PA.

This role will provide opportunities to lead analyses and reporting in the Capital Planning and Management Group. This group is responsible for analytics and execution of capital management related activities at PNC.

Responsibilities include:
• Performing due diligence and statistical analysis related to capital planning and management activities.
• Participating in annual capital stress testing efforts and development of PNC’s capital plan. May include executing equity/debt transactions related to capital and liquidity planning strategies.
• Assisting with planning and execution of PNC’s share repurchase program.
• Leading research, financial analysis, and preparation of reports for PNC and peers using independent judgment and discretion.
• Assisting with the development of executive and board-level presentations.
• Presenting to senior management.
• Reviewing relevant regulations related to capital and liquidity planning.
• Preparing and aggregating data for forecasting activities based on business and regulatory requirements.
• Collaborating with internal partners on topics related to capital planning, including working with internal Finance, Risk Management, Internal Audit, Legal, Regulatory Affairs, and business lines teams.

Job Description

  • Leads financial analysis, conducts research and prepares reports. Performs due diligence and statistical analysis related to liquidity and capital planning management. Participates in stress testing efforts. May facilitate business strategy and coordinate responses and remediation activities.
  • Reviews relevant regulations and peer research related to liquidity and capital planning management with executive management. May work with internal teams including business lines, Finance, Risk Management and Regulatory Affairs and assist with the development of executive or board-level presentations.
  • Manages and performs defined procedures, analyses and report preparation.  Performs data aggregation, quality assurance reporting, and routine transactions as a part of the group’s liquidity and capital management responsibilities.
  • Facilitates business strategy and coordinates responses and remediation activities.
  • Assists in analytics/stress testing as it relates to capital and liquidity. May include executing equity/debt transactions related to liquidity and capital planning strategies.                                                                                       
  • Using independent judgment, defines analysis required in the forecast, such as setting assumptions and determining key drivers.

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.

Competencies

Asset and Liability Management (ALM) – Knowledge of asset and liability tools, techniques and business practices; ability to manage, measure, and monitor risks associated with assets and liabilities.

Decision Making and Critical Thinking – Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.

Effective Communications – Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Financial Forecasting and Modeling – Knowledge of and ability to use processes, tools, and techniques for exploring and evaluating alternative financial scenarios and results.

Financial Services Industry – Knowledge of financial services industry trends, directions, major issues, regulatory considerations and trendsetters; ability to provide specific financial knowledge and experience to help organizational development.

Liquidity Management – Knowledge of and ability to utilize the tools, techniques, and acceptable business practices associated with managing a client’s short-term cash position for optimum benefit.

Market Risk – Knowledge of processes, tools, and techniques used for analyzing market risk; ability to assess and manage investment exposures to market risk.

Regulatory Environment – Financial Services – Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Work Experience

Roles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. Specific certifications are often required. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

Education

Bachelors (Required)

Additional Job Description

Base Salary: $65,000 – $140,000

Where a person is paid in the compensation range is aligned to their experiences and skills. Placement within the compensation range is based on the specific role and the following factors:

  • Lower in range – Building skills and experience in the job
  • Within the range – Experience and skills within the proficiency in the role
  • Higher in the range – Experience and skills add value above the typical requirements of the role
  • Compensation range may vary based on geographic location

Incentives:

Role is incentive eligible with the payment based on the company, business and individual performance.

Benefits

PNC offers employees 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; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com.

Disability Accommodations Statement:

The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at pathfinder@pnc.com. 

The Human Resources Service Center hours of operation are Monday – Friday 9:00 AM to 5:00 PM ET.

Equal Employment Opportunity (EEO):

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.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.


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