ALM Senior Associate, Economic Scenario Design
$103,500–$172,500 year
On-siteNew York City, New York, United States
Job Summary
Develop and maintain PNC's baseline macroeconomic forecast by incorporating new economic data, market developments, and evolving risks. Design and deliver quarterly CECL scenarios for portfolio reserve estimation and stress scenarios aligned with the Federal Reserve's CCAR framework. Respond to ad hoc requests from business partners and senior management to assess potential macroeconomic and financial market risks. Conduct research on macroeconomic trends and emerging risks, then present economic views and scenario results to stakeholders across risk management, finance, and executive leadership. This role supports critical risk management and regulatory processes within PNC's CIO Economics team, leveraging large-scale macroeconomic models to inform organizational decision-making.
Required 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
- Bachelor's degree
- 3+ years of relevant / direct industry experience
- Asset and Liability Management (ALM)
- Financial Analysis
- Investment Performance Measurement
- Investment Reporting
- Pricing Models and Analytics
- Derivatives
- Market Research
- Business Acumen
- Data Analytics
- Data Visualization
- Decision Making
- Accuracy and Attention to Detail
- Industry Knowledge
- Effective Communications
- Market Knowledge
Desired Qualifications
- Experience supporting CECL, CCAR, DFAST, stress testing, or other regulatory forecasting exercises
- 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
- Asset Allocation
- Auditing Operations
- Business Case Analyses
- Credit Risk Analysis
- Investments
- Certifications
Hiring someone like this?
Get your role in front of qualified candidates on Sorce.