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 an ALM Senior Associate, Economic Scenario Design within PNC's CIO Economics team, you will be based in New York City, NY.
In this role you will join PNC's CIO-Economics team and play a key role in developing the bank's baseline economic outlook and alternative macroeconomic scenarios. These scenarios support critical risk management and regulatory processes, including CECL reserve estimation and CCAR stress testing, as well as broader scenario analysis across the enterprise. Working closely with fellow economists and senior stakeholders, the role combines macroeconomic forecasting, scenario design, quantitative analysis, and economic research to assess emerging risks and inform decision-making throughout the organization.
The ideal candidate is an analytically driven economist with demonstrated experience developing economic forecasts and alternative scenarios using large-scale macroeconomic models. The successful candidate will possess a deep understanding of macroeconomic data, economic theory, and forecasting techniques, and will be able to translate complex economic developments into coherent baseline and risk scenarios. Experience supporting CECL, CCAR, DFAST, stress testing, or other regulatory forecasting exercises is highly desirable but not required. The candidate should also possess strong research and writing capabilities to effectively analyze, synthesize, and communicate economic insights.
PNC is one of the largest banks in the US based on domestic assets, which totaled $603 billion as of Q1 2026.
Job Description & Responsibilities:
Develop and maintain PNC's baseline macroeconomic forecast, incorporating new economic data, market developments, and evolving economic risks.
Design and deliver quarterly CECL scenarios to support portfolio reserve estimation and regulatory compliance.
Develop and maintain stress scenarios aligned with the Federal Reserve's CCAR framework and supervisory expectations.
Respond to ad hoc scenario requests from business partners and senior management to assess potential macroeconomic and financial market risks.
Conduct research on macroeconomic trends, emerging risks, and forecasting methodologies to enhance scenario design and economic analysis.
Present economic views, forecasts, and scenario results to stakeholders across risk management, finance, and executive leadership.
Preferred Qualifications
Master's degree or Ph.D. in Economics, Econometrics, or a related quantitative field.
5+ years of experience in macroeconomic forecasting, scenario design, stress testing, or economic research.
Experience with macroeconomic forecasting platforms such as Moody's Analytics, Oxford Economics, or similar modeling frameworks.
Strong quantitative and statistical skills.
Proficiency with Python, R, MATLAB, EViews, or similar analytical tools.
Excellent written and verbal communication skills.
Experience communicating economic forecasts and risk scenarios to technical and non-technical audiences.
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
Using independent judgment and discretion, performs transaction and portfolio level analysis, conducts research and prepares reports. Performs due diligence and statistical analysis related to portfolio management.
Utilizes a working knowledge of financial instruments for the bank's investment portfolio, including research and collection of relevant information.
Develops and maintains management reports that help the Group meet their goals and directives. These reports are used for internal management to help establish the risk position of the organization. Using discretion, identifies problems in analytics and develops solutions. Interacts with internal/external service partners, including broker dealers and/or analytics providers, and leverages their knowledge.
Administers and performs defined processes and procedures.
Maintains knowledge of markets and macroeconomics. Assesses the potential impact of these on ALM and the assigned business unit.
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
Asset Allocation, Auditing Operations, Business Case Analyses, Credit Risk Analysis, Data Analytics, Data Visualization, Decision Making, Investments, Market Research
Competencies
Accuracy and Attention to Detail, Asset and Liability Management (ALM), Business Acumen, Derivatives, Effective Communications, Financial Analysis, Industry Knowledge, Investment Performance Measurement, Investment Reporting, Pricing Models and Analytics
Work Experience
Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. Certifications are often desired. 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: $103,500.00 - $172,500.00
Salaries may vary based on geographic location, market data and on individual skills, experience, and education.
Application Window
Generally, this opening is expected to be posted for two business days from 08/05/2026, 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; 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 (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.
