Quantitative Analytics and Model Development Associate

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. 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.

Job Description

• 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.

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.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

Preferred Skills

Analytical Thinking, Credit Risks, Data Analytics, Financial Analysis, Model Development, Operational Risks, Quantitative Models, Risk Appetite

Competencies

Bank Quantitative Analysis, Consulting, Data Gathering and Reporting, Effective Communications, Predictive Analytics, Quantitative Techniques, Regulatory Environment - Financial Services, Testing

Work Experience

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.

Education

Bachelors

Certifications

No Required Certification(s)

Licenses

No Required License(s)

Language Assessments

No Required or Preferred Language Assessments

Benefits

PNC offers 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; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.

To learn more about these and other programs, including benefits for full time and part-time employees, visit pncthrive.com.

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include “accommodation request” in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses.  Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

At PNC we foster an inclusive and accessible workplace.  We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

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.

This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

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.