Bank Risk Investment Officer

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.

• 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 elevate 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.

• Experience:
  
  5–10 years in Capital Markets risk management or related roles.
• Product Knowledge:
  Good understanding of at least one of following markets:
  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.

• 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.

• 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…