Portfolio Manager - Fixed Income

PNC Financial Services Group - Baltimore, MD3.7

Full-time
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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 Portfolio Manager - Fixed Income within PNC Capital Advisors Taxable Fixed Income organization, you will be based in Baltimore, MD or Cleveland, OH.

The PNC Capital Advisors’ Taxable Fixed Income team is an institutionally-focused registered investor advisor that oversees approximately $35 billion assets under management. As a Portfolio Manager, the candidate would be expected to contribute to our portfolio strategy and construction process. The candidate will collaborate on customized fixed income investment strategies, portfolio management and client support. Clients supported by the team include insurance companies, long-duration and liability-centric investment strategies.

Job Profile

Manages client portfolios, mutual funds and other investment structures to specific portfolio objectives and restrictions.
Implements the team's portfolio management process. Utilizes market and sector expertise to structure portfolios to meet or exceed performance objectives and make effective recommendations. Initiates specific security trades.
Manages portfolio risk profile in line with client expectations and investment strategy. Utilizes expertise and past knowledge to make generally accepted recommendations.
Communicates portfolio strategy, positioning and performance to internal business partners and external constituencies. Responsible for performance attribution analysis, consisting of communicating the factors, sectors or securities aiding or detracting from relative performance.
Contributes to and may direct portfolio management team in various project and research efforts.

Core Competencies

Manages Risk - Extensive Experience

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 - Extensive Experience

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

Problem Solving - Extensive Experience

Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply this knowledge appropriately to diverse situations.
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.
Decision Making and Critical Thinking - Extensive Experience

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.
Analytical Thinking - Extensive Experience

Knowledge of techniques and tools that promote effective analysis and the ability to determine the root cause of organizational problems and create alternative solutions that resolve the problems in the best interest of the business.
Portfolio Management - Working Experience

Knowledge of and ability to utilize the tools, techniques, and acceptable business practices associated with managing a client's securities investments.
Financial Statement Analysis - Working Experience

Knowledge of tools, techniques, and practices, and ability to analyze and determine the credit-worthiness of a business enterprise through its financial statements.
Quantitative Techniques - Working Experience

Knowledge of and ability to use quantitative tools and techniques to measure and analyze risks.
Financial Analysis - Extensive Experience

Knowledge of and ability to read, interpret and draw accurate conclusions from financial and numerical material.
Research Analysis - Working Experience

Knowledge of and the ability to locate, interpret and evaluate research findings compiled and documented by others and use this material to support empirical research.

Preferences/Skills

CFA designation preferred
Experience working with Insurance company general account investments and familiarity with regulatory guidelines a plus
Experience and knowledge with liability-based investment strategies and quantitative methods a plus
Asset Liability Management (ALM) and/or Liability Driven Investing (LDI) experience preferred
Strong financial analytic skills and an ability to balance risk/reward when evaluating relative value opportunities
Strong written and verbal communication skills in order to effectively communicate investment philosophy, strategy and performance to internal and external clients
Working knowledge of fixed income analytical systems such as Bloomberg, BondEdge, YieldBook, etc.
Work well in a team environment

Required Education and Experience

Roles at this level typically require a university / college degree. Higher level education such as a Masters degree, or PhD is desirable. Industry experience is typically 8 + years. Specific certifications are often required. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

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