Posted in General Business 30+ days ago.
Type: Full-Time
Job Profile
You will play a key role in the development and management of the loan loss reserve for PNC’s $82B retail loan portfolio under the new CECL (Current Expected Credit Loss) standard. In this role, you will apply quantitative analytics and conceptual thinking towards the development of solutions for the loan loss reserve. You will work with large datasets, predictive models, and financial and analytical reports. You will develop effective written and verbal communications to share the strategies that you develop. You will work closely with Finance, Independent Risk Management, Data and Business teams. You will cultivate a deeper understanding of PNC’s retail portfolio (including residential real estate loans, credit card, automobile, education and other personal loans), drivers of losses on the portfolio and loss forecasting techniques. Ultimately, this role will support PNC’s continued sound management of the loan loss reserves and impact PNC’s financial statements
This Analyst role is responsible for working with the lines of business in creating and developing loss reserve solutions, methodologies and models for PNC’s consumer loans portfolio in response to changing business conditions, regulatory environment and accounting policies. Analyst will also be responsible for testing and validating the solutions during the implementation phase as well as executing the solutions and documenting the results post implementation for on-going CCAR reserve reporting cycles. A key aspect of the analyst’s responsibility is also to develop, monitor and refine new forms of analytics on a continuous basis to capture potential risks, track the overall trend and communicate out effectively to CCAR loss reserve governing bodies and lines of business in the consumer loss reserve space.
Requirements:
*BS/BA in STEM related area. Masters and PhD are a plus.
*2 years of related analytical experience.
*Knowledge of banking industry and financial services industry.
*Knowledge of Loss Reserve Process is a plus.
*Knowledge of Stress Testing is a plus
*Ability to conceptualize.
*Solid verbal communication skills including presentation skills.
*Strong technical writing skills.
*Programming skills in SAS, R and or Python, SQL preferred.
*Advanced Excel and PowerPoint Skills.
*Ability to act as a self-starter and work well on a team.
*Please note, PNC will not sponsor work visas for this position.
Job Description
PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
Additional Job Description
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 > New to PNC.
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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