Portfolio Analyst & Strategy Specialist
Job ProfilePosition OverviewAt 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.PNC is seeking a Portfolio Strategy & Analytics Specialist in the Analytic and Portfolio Management team under Decision Science Management Group. This team is responsible for developing acquisition, lending and loss mitigation strategies to optimize risk-adjusted returns for PNC's residential real estate loan portfolio and monitor the performance of the residential real estate portfolio.This position will provide in-depth analytics supporting home equity and mortgage products, for both on- and off- balance sheet exposures. In your role, you will draw upon a combination of problem-solving, quantitative analysis and product knowledge. You will also rely on strong communication skills in order to share complex analytical results with non-technical audiences. PNC's commitment to leadership in risk management means you will always be at the leading edge of bank technology and techniques. All the while, you'll benefit from access to senior professionals within the fields in a friendly, open, and engaging environment.The position may located in Northern VA or Pittsburgh, PA.Job Duties:Design, develop and validate risk-adjusted return and other credit portfolio metrics for the residential real estate portfolio.Understand drivers of profitability, loss, and capital requirements, including funding costs.Provide recommendations to improve retention strategies, loss mitigation and balance sheet optimization.Answer ad-hoc requests for product strategy in the mortgage and home equity spacesAnalyze consumer behavior, industry trends and performance in the residential real estate markets in order to predict future behavior and performanceSupport data extraction and data preparation for analytical purposes.The successful candidate will have the following qualification:Graduate degree in statistics, economics, finance and business are preferredPreferred experience in analytics, portfolio management and strategies, credit risk analysis, loss forecast, economic capitals.Experience in residential real estate portfolio is desiredAbility to work on multiple projects on a concurrent basis, and able to meet tight deadlinesProficient in data analysis using various tools and statistical packagesStrong data skills and experience with SAS, and database management tools is strongly preferred.Excellent communication and presentation skills and ability to work closely with cross-functional teams comprising of experts is valuableJob DescriptionProvides financial and regulatory reporting and analyses to maintain adequate controls over the financial and regulatory reporting processes. Responsible for running complex business performance, risk and operational analytics. May include the development of analytical methods/models to assess market, credit and/or operational risk of new and existing financial products.Leverages business / product expertise to rigorously analyze large datasets, improve risk adjusted returns, deliver profitable growth, and communicate conclusions. Synthesizes analytical results and develops, recommends, and implements business strategies that improve lending decisions, assist in managing risk, increase revenues, reduce exposure to losses, meet business goals, and improve performance. Establishes baselines for strategies and tracks actual performance to expectations.Applies predictive models, third party data, and other tools to develop and execute appropriate segmentation and targeting for acquisition and portfolio strategies to provide insight into portfolio risk. Manages engagements with internal and external information suppliers ensuring solution is fit for purpose while maintaining appropriate governance and oversight.Works with business, credit, data, and model development partners to design, develop, and monitor test designs and analytical reporting to track and enhance strategies. Designs / enhances standard reporting suites for regular product / portfolio reviews.Collaborates with the line of business, Finance, and Risk partners to assess and establish credit risk appetite and to understand its implications, as well as to establish policies and procedures governing the identification, monitoring, and management of risk appetite.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.CompetenciesAnalytical Approach - Synthesizes ideas and information required for process improvement into a manageable form.Banking Products - Knowledge of and ability to provide products and services available through the retail banking branch.Big Data Management and Analytics - Knowledge and ability to plan and execute, big data management and analytics.Business Analytics - Knowledge of technologies, techniques and practices for the evaluation of business performance data; ability to analyze business performance using advanced statistical methods to justify and drive future business planning decisions.Credit Risk - Knowledge of processes, tools, and techniques used to determine the degree of credit risk in a given transaction or customer relationship; ability to assess, rate and manage exposure to credit risk.Mathematics of Financial Instruments - Knowledge of and ability to perform the mathematical calculations that underlie various financial instruments.Operational Risk - Knowledge of policies and processes for operational risk management; ability to use tools, data, and best practices to identify, assess, and manage operational risk exposures.Performance Measurement - Knowledge of and ability to utilize a variety of methods to measure the performance on a particular portfolio against industry benchmarks and related parameters.Predictive Analytics - Knowledge of, experience with and ability to use the tools, processes and practices for predicting business trends and providing forecasts that drive business decisions and business planning.Pricing Models and Analytics - Knowledge of pricing tools, techniques and methods; ability to assess analytical and pricing models through the use of statistical principles.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.Risk Management Banking - Knowledge of and ability to use tools, regulations, and business practices to assess and control an organization's exposure to risk.Work ExperienceRoles 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.EducationBachelorsAdditional Job DescriptionBenefitsPNC 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 > 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@.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 ResidentsRefer 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.