Graduate Intern, Modeling, Chief Investment Office (CIO) (Non-Campus)

Location: New York, New York, United States of America Department: Students & Graduates Location Type: On-site

Position Overview

At PNC, our people are our greatest differentiator and competitive advantage in the market 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 Graduate Intern, Modeling with PNC’s Chief Investment Office organization, you will be based in New York City, NY.

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.

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

Job Description

The PNC CIO Quantitative Modeling team develops models and analytics for deposit behavior, mortgage products, and firm’s investment portfolio. The team applies economics, finance, and data-driven research to quantify interest rate risk, and support investment and balance sheet management decisions.

We are seeking PhD and Master's students in Economics, Finance, Econometrics, Statistics, Applied Mathematics, or related quantitative disciplines who are nearing graduation. This internship is designed for candidates with strong econometric and empirical research training who want to apply quantitative methods to real-world financial and economic challenges. Successful candidates will have a strong analytical background and experience conducting empirical research using economic and financial data.

This position is based in New York City and requires full-time, in-office participation.

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

Job Responsibilities

As an intern, the candidate will participate in the many activities of the modeling team. These include:

Conducting empirical research on customer behavior, fixed income markets using large financial and economic datasets.

Developing and enhancing econometric, statistical, and predictive models for deposits, mortgage prepayments, fixed income securities, and interest rate risk measurement.

Designing analytical frameworks that quantify balance sheet optionality and supporting portfolio and risk management decisions.

Presenting research findings and investment insights to quantitative, risk, and business stakeholders.

Qualifications

We are looking for a candidate with the following

PhD (preferred) or Master's student graduating within the next 12 months.

Strong training in econometrics, empirical finance, statistics, or quantitative economics.

Proficiency in Python and experience working with large datasets.

Demonstrated research experience through dissertations, publications, working papers, or research assistantships

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

Competencies

Accuracy and Attention to Detail, Analytical Thinking, Effective Communications, Flexibility and Adaptability, Information Capture, Initiative, Products and Services, Self-Directed Growth and Development

Work Experience

Roles at this level are filled by recent university / college graduates with little or no professional experience, but possessing relevant skills. Includes individuals joining the organization through a Corporate development/ training program. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Education

No Degree

Certifications

No Required Certification(s)

Licenses

No Required License(s)

Language Assessments

No Required or Preferred Language Assessments

Pay Transparency

Base Salary: $63,000.00 – $105,000.00

Salaries may vary based on geographic location, market data and on individual skills, experience, and education.

Application Window

Generally, this opening is expected to be posted for two business days from 10/01/2026, 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 full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up 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; 9 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 part-time employees, visit pncthrive.com .

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at [email protected] . 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 877-968-7762 and