Graduate Intern, Modeling, Chief Investment Office (CIO) (Non-Campus)
Skip the busywork
ApplyBolt rewrites your resume for this exact role and hits submit. You just pick the jobs.
About this role
The CIO office is looking to hire a Graduate intern for its Modeling team. The team develops models for investment portfolio management (IPM) and balance sheet interest rate risk (IRR) management. These include models for mortgage default and prepayments, interest rate propagation and rates and balances for deposits. The models are used to measure and manage risk as well as for relative value assessment.
These models are key to managing interest rate risk as well as positioning PNCs balance sheet to meet earnings objectives. The candidate will get a deep understanding of fixed-income instruments as well as bank asset liability management. The position is based in New York City and is fully in office.
Job Responsibilities:
As an intern, the candidate will participate in the many activities of the modeling team. These include:
- Monitoring model performance to identify improvements as needed
- Conducting research to develop new models as well as to enhance model performance monitoring
- Implementing models in technology systems to ensure that the models can be executed reliably
Job Description (General Intern Duties):
- Participates as an intern performing various functions within a line of business.
- Performs or assists with the core activities of the group by applying knowledge learned to drive business results (e.g. deal, sales, or process support, internal or external customer interaction or supporting internal projects). Works under supervision and may have limited approval and/or exception authority.
- Participates in social learning within the organization (e.g. identifies and networks with business representatives and peers, participates in mentoring, job shadowing and community outreach)