Managing Director, MBS Portfolio Manager, Chief Investment Office (CIO) (New York)

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 companys success. As the Managing Director, MBS Portfolio Manager within PNC's Asset & Liability Management organization, you will be based in New York City. This position is primarily located in a PNC location.

The CIO Investments team is searching for a Portfolio Manager (PM) to lead the Agency Mortgage-Backed Securities (MBS) sector. The position will report to the Chief Investment Office.

The CIO Investments team is part of the ALM organization and manages 200+bn in securities and derivatives; Agency MBS is a large part of the investment mandate and portfolio. At PNC CIO, we aim to optimize riskadjusted economic returns, ensuring compliance with regulatory requirements, and aligning investments with the institutions balance sheet objectives. We are seeking an experienced MBS PM who is well versed with evaluating relative value and generating excess returns within the MBS universe.

There are no product silos in the CIO Investments team; the successful candidate will have the opportunity to work directly with other portfolio managers and the Chief Investment Officer to manage a broad portfolio of fixedincome assets and derivative products.

The position is based in New York City and is fully in office.

Responsibilities

• Enhance the investment approach based on strong analytics and deep understanding of investor dynamics and market and regulatory developments affecting the MBS market e.g. the changing refinancing rules affecting FHA borrowers.
• 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 macroeconomic and policy developments relevant to fixedincome markets.
• Collaborate with other senior PMs and the Chief Investment Officer on investment strategy for the CIO investment portfolio.
• Mentor junior talent in the CIO Investments team.

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Qualifications

Preferred experience / qualifications :

General expertise :

Job Description

Employee Expectations

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be :

People Management Expectations

PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to :

Additional Information

Qualifications

Preferred Skills

Asset Allocation, Auditing Operations, Business Case Analyses, Credit Risk Analysis, Data Analytics, Data Visualization, Decision Making, Investments, Market Research

Competencies

Asset and Liability Management (ALM), Industry Knowledge, Investments, Market Risk, Portfolio Management, Pricing Models and Analytics, Regulatory Environment - Financial Services

Education and Experience

Work Experience

Roles at this level typically require a university / college degree and higher level education such as a Masters degree, PhD, or certifications. Industry relevant experience is typically 8+ years. At least 5 years of prior management experience is typically required. Proven leadership experience with a large scope of responsibility is required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Education

Masters

Certifications

No Required Certification(s)

Licenses

No Required License(s)

Pay and Benefits

Pay Transparency : Base Salary : $125,000.00 $351,650.00. Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and / or individual performance.

Application Window

Generally, this opening is expected to be posted for two business days from 10 / 21 / 2025, although it may be longer with business discretion.

Benefits

PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for fulltime employees include : medical / prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse / child life insurance; short and longterm disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; backup child / elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives. In addition, PNC generally provides the following paid time off, depending on your eligibility : maternity and / or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.

To learn more about these and other programs, including benefits for full time and parttime employees, visit Your PNC Total Rewards.

Disability Accommodations

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include accommodation request in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 8779687762 and say Workday for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

EEO

PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender

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