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Managing Director, Portfolio Strategy and Construction
PNC
Philadelphia, PA, United States
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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. As a Managing Director of Portfolio Strategy and Construction within PNC's Asset Management organization, you will be based in Philadelphia/PA.
Job Profile
• Directs model portfolio development for PNC AMG along with corresponding investment risk appetite. Develops and manages innovative client solutions for both individual and institutional clients. Collaborates with internal partners to communicate and coordinate portfolio construction recommendations. Performs and/or overseas the most complex quantitative, valuation, trading, performance, risk and operational analytics, including development of the most complex analytical methods, tools and models to assess market, credit and operational risk of new and existing investment strategies. Provides robust analytical analysis of model portfolio construction in both construction and risk management. Develops and manages innovative client solutions to meet the needs of both individual and institutional clients. Acts as a spokesperson for internal client and external media opportunities regarding complex quantitative and portfolio construction subjects. Manages the performance and development as well as the skills and abilities of two or more incumbents.
• Utilizes investment and analytical expertise to rigorously analyze the most complex datasets and information, develop asset allocation and strategy recommendations, improve risk adjusted returns, remain within acceptable risk parameters and communicate conclusions. Synthesizes analytical results and develops, recommends and implements investment strategies that improve investment decisions, assist in managing risk, enhance performance and meet business goals. Establishes baselines for strategies and tracks actual performance to expectations. Analysis of investment strategies and model portfolios including performance attribution and robust risk decomposition. Remains current on global capital market trends and quantitative methodologies and communicates the probable impacts on policy.
• Oversees development and delivery of model portfolios across AMG that consider both risk and reward factors along with operational factors such as trading and implementation. Manages the development and/or application of the most complex predictive models, third party data and/or tools to develop and execute investment and portfolio strategies to provide client solutions and insight into portfolio expected return and risk. Manages engagements with internal and external data and research suppliers to ensure a appropriate solution while maintaining appropriate governance and oversight.
• Coordinates and communicates with investment management functions of the business units within AMG to both communicate portfolio construction methodology and understand client investment trends. Communicates portfolio recommendations to interested parties both within and external to AMG. Understands and communicates regulatory and risk impacts to regulators and PNC control functions as appropriate. Serves as a spokesperson and investment thought leader for client and external media opportunities.
• Coordinates with other leaders in the management of the Portfolio Strategy team to assist with analysis and forecasting responsibilities along with the development of client solutions. Serves as the Chairperson of the Portfolio Construction Committee (PCC) to direct model portfolio development. Collaborates with appropriate investment committees to assess and establish investment risk appetite and to understand its implications. Works with appropriate risk partners establish policies and procedures governing the identification, monitoring and management of investment risk. Contributes as a voting member to appropriate investment committees including the various Investment Policy Committees (IPCs).
Core Competencies
Manages Risk - Subject Matter Expertise
• Assesses and effectively manages all of the risks associated with their business objectives and activities to ensure activities are in alignment with the bank's and unit's risk appetite and risk management framework.
Customer Focus - Subject Matter Expertise
• Knowledge of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions, and ability to leverage that information in creating customized customer solutions.
Job Specific Competencies
Effective Communications - Extensive Experience
• Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
Market Risk - Subject Matter Expertise
• Knowledge of processes, tools, and techniques used for analyzing market risk; ability to assess and manage investment exposures to market risk.
Financial Engineering - Subject Matter Expertise
• Knowledge of and ability to utilize the tools, techniques, and practices for creating a mix of financial instruments that will leverage a client's financial resources to an acceptable level of risk.
Quantitative Techniques - Subject Matter Expertise
• Knowledge of and ability to use quantitative tools and techniques to measure and analyze risks.
Operational Risk - Extensive Experience
• 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.
Decision Making and Critical Thinking - Subject Matter Expertise
• Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.
Managing Multiple Priorities - Extensive Experience
• Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
Required Education and 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 and experience (including military service) may be considered.
Total Hours Per Week
40
EEO Statement
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