Graduate Intern, Portfolio Management and Analytics, Chief Investment Office (CIO) (Non-Campus)

Location: NY - New York (10173)

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, Portfolio Management & Analytics 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 Chief Investment Office (CIO) is seeking a Graduate Intern to join its Portfolio Management and Analytics team. The CIO oversees approximately $150 billion of investment securities and $80 billion notional of interest rate derivatives, making it one of the largest fixed-income portfolios in the banking sector. As a front-office, buy-side intern, you will work directly with senior portfolio managers while gaining exposure to portfolio construction, investment analytics, risk management, and the strategic management of the bank’s assets and liabilities. In addition, the CIO oversees PNC's Economics Department and several key modeling functions, including mortgage and deposit modeling, providing the intern with broad exposure to how banks manage earnings, financial risks, assets, and liabilities across a wide range of business activities.

Throughout the internship, you will gain hands-on experience across several areas of portfolio management, fixed-income investing, and the management of financial risks. Specific experiences will vary based on business needs, project assignments, and market conditions, but may include:

• Fixed-income portfolio management, investment strategy, and market analysis
• Portfolio and financial risk analysis, including development of Python-based decision support tools
• Risk measurement, performance attribution, and portfolio stress testing
• How financial institutions manage interest rate risk, liquidity, and long-term financial performance

Through project-based work and direct collaboration with portfolio managers, analysts, and quantitative professionals, you will gain practical experience in the investment process while building a strong foundation in fixed-income markets, portfolio analytics, risk management, and balance sheet strategy.

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 portfolio management / analytics team. These include:

Portfolio / Balance Sheet Analytics

Analyzing portfolio and balance sheet risk, return, and performance metrics to support investment and risk management decisions.

Conducting relative value analysis across mortgage-backed securities, U.S. Treasuries, and interest rate derivatives to identify investment opportunities and support portfolio positioning decisions

Analyzing the drivers of portfolio performance and evaluate how changes in interest rates and market conditions affect the bank’s earnings and long-term financial position

Conducting stress testing, scenario analysis, and portfolio projections to support investment strategy across varying market environments

Investment Technology & Tool Development

Designing, enhancing, and maintaining Python-based analytical tools used by portfolio managers and analysts.

Improving data visualization, reporting, and investment analytics capabilities.

Supporting automation initiatives that increase efficiency and scalability across investment processes.

Strategic Collaboration

Partnering with teams across Finance, Balance Sheet Management, Risk Management, and Economics.

Contributing to earnings forecasting, portfolio monitoring, and financial reporting

Presenting analytical findings and recommendations to portfolio managers, investment professionals, and senior stakeholders.

Qualifications

We are looking for a candidate with the following

Pursuing a graduate degree in a quantitative or analytically focused discipline, including but not limited to: Financial Engineering, Quantitative Finance, Data Science, Computer Science, Operations Research, Applied Mathematics, Statistics

Programming experience in Python, R, or similar analytical languages.

Strong quantitative and statistical problem-solving abilities.

Coursework in fixed income, investments, financial mathematics, or related subjects.

Familiarity with fixed income markets, portfolio analytics, banking, or financial risk management is preferred.

Strong written, verbal, and presentation skills, with the ability to communicate complex analytical concepts to technical and non-technical audiences.

Proficiency in Microsoft Excel, PowerPoint, and Word.

Intellectual curiosity, attention to detail, and the ability to thrive in a collaborative, fast-paced investment environment while taking ownership of projects.

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.

CompetenciesAccuracy 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 a