Managing Director, MBS Portfolio Manager, Chief Investment Office (CIO)
Position located in New York City, fully in office. This role is part of PNC’s Asset & Liability Management organization and reports directly to the Chief Investment Office.
Responsibilities
- Lead the agency MBS portion of the CIO investment portfolio.
- Enhance the investment approach based on strong analytics and deep understanding of investor dynamics, market and regulatory developments affecting the MBS market.
- Engage with MBS dealers to ensure efficient information flow and trade execution.
- Partner with the CIO portfolio analytics and modeling teams to develop robust analytics to measure risk and assess relative value.
- Monitor and report risk metrics and portfolio performance.
- Manage the agency MBS portfolio team with a focus on talent development.
- Monitor macro‑economic and policy developments relevant to fixed‑income markets.
- Collaborate with other senior PMs and the CIO on investment strategy for the CIO investment portfolio.
- Mentor junior talent in the CIO Investments team.
Preferred Experience / Qualifications
Minimum 12 years of fixed‑income portfolio management experience, with a focus on agency MBS.Expertise in agency MBS valuation, risk analysis, and portfolio optimization.Ability to interpret market trends and translate them into actionable strategies.Strong knowledge of ALM practices in a banking environment.Understanding of regulatory frameworks and interest rate risk management.Excellent analytical, communication, and decision‑making skills.Education : Master’s or higher degree in finance, economics, engineering, or related fields.Additional Qualifications
Preferred : experience in data analytics, portfolio management, pricing models and analytics.Leadership experience managing a large scope of responsibility.Compensation
Base Salary : $125,000 – $351,650 (incentive eligible).
Benefits
Comprehensive benefits including medical, dental, vision, life insurance, disability, retirement plans, paid time off, and wellness programs.
Application Window
Applications accepted until mid‑October 2025 (approximately two business days from posting).
Equal Employment Opportunity
PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or veteran status.
Disability Accommodations
To request an accommodation contact AccommodationRequest@pnc.com.
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