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 Bank Risk Investment Officer within PNC's Market Risk Oversite organization, you will be based in a location within the PNC footprint.
We are seeking a risk manager to join our team, reporting directly to the Head of Capital Markets Risk Oversight. This role is critical in managing market risk across the Capital Markets business, with a strong focus on Interest Rate Derivatives, FX, Commodities, Structured Products, and advanced risk metrics such as VaR, CVA, and stress testing.
Key Responsibilities Include:
Strategic Oversight: Support the Head of Capital Markets Risk Oversight in defining and executing the risk oversight strategy for trading and structured products.
Risk Framework Development: Design, implement, and continuously enhance market risk assessment, limit frameworks, and monitoring tools.
Analytics & Technology: Develop and maintain advanced analytics leveraging Python and SQL; build tools to improve risk transparency and decision-making.
Cross-Functional Collaboration: Work closely with Front Office, Finance, IT, Legal, Compliance, and other stakeholders to ensure integrated risk management.
Daily Risk Monitoring: Oversee risk exposures, validate adherence to limits, and escalate breaches promptly.
Quantitative Analysis: Quantify and analyze complex risks including PFE, VaR, CVA, and stress scenarios.
Regulatory Engagement: Represent Market Risk Oversight in regulatory and audit reviews, ensuring timely and accurate responses.
Capital Markets Committees: Actively participate and provide risk insights to senior management and governance forums.
Preferred Qualifications Include:
Experience: 5-10 years in Capital Markets risk management or related roles.
Product Knowledge: Good understanding of at least one of following market: Interest Rate Derivatives, FX, Commodities, Structured Products, and associated risk methodologies.
Technical Skills: Proficiency in Python and SQL; ability to develop analytics and automate processes. Knowledge of Murex is a strong plus.
Risk Metrics Expertise: Hands-on experience with VaR, PFE, stress testing, and other advanced risk measures.
Education: Bachelor's or Master's degree in Finance, Economics, Mathematics, or related field.
Collaboration: Strong ability to partner across functions and influence stakeholders.
Growth Mindset: Willingness to learn, adapt, and grow within the organization.
PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
Job Description
Establishes Line of Business vision and strategy, initiatives and activities associated with building, testing, and/or validation of quantitative models used for important business decisions and policies. Oversees robust and comprehensive model review testing and quantitative analysis in accordance with all applicable review procedures and lifecycle standards.
Creates Line of Business vision and establishes strategies needed to develop new model frameworks.
Oversees the most complex qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity. Grants Line of Business approval on the reviews of complex reports and associated quantitative analysis. Validates existing models and assesses model risks.
Evaluates identified model risks and reaches conclusions on strengths and limitations of the model. Reviews and approves the preparation and analysis of detailed documents for validation and regulatory compliance.
Directs, motivates, develops and manages the performance of the management team and key staff.
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, Predictive Analytics, Quantitative Techniques, Regulatory Environment - Financial Services, Testing
Work Experience
Roles at this level typically require a university / college degree as well as a Masters degree, PhD, or certifications. Industry-relevant experience is typically 8+ years. 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)
Pay Transparency
Base Salary: $125,000.00 - $276,900.00
Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.
Application Window
Generally, this opening is expected to be posted for two business days from 12/12/2025, although it may be longer with business discretion.
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; 8 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 Your PNC Total Rewards (http://yourpnctotalrewards.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 (https://content.pncmc.com/live/pnc/aboutus/HR/Onboarding/PNC\CCPA\Privacy\Disclosure\Employee.pdf) to gain understanding of how PNC may use or disclose your personal information in our hiring practices.
