Capital Markets Associate - Derivatives Products Group at PNC | Cleveland, OH, US | Rezi

Capital Markets Associate - Derivatives Products Group at PNC

Capital Markets Associate - Derivatives Products Group

PNC · Cleveland, OH, US

1 weeks ago

Capital Markets Associate - Derivatives Products Group

PNC · Cleveland, OH, US

12 days ago
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About the Role

This role supports the marketing and execution of interest rate hedging solutions for PNC’s corporate and institutional client base. The Associate serves as day-to-day support and back up across the desk, managing client onboarding, idea generation, pitch book creation, indicative pricing, trade booking, market updates, and post-trade follow-ups. This is a high-visibility seat with a clear path to a client-facing marketing role.

Responsibilities

  • Generate trade ideas, prepare marketing materials, write market commentaries, conduct swap portfolio analytics and peer analyses, provide indicative pricing tailored to each client's risk management needs, and support business development initiatives.
  • Manage the client onboarding process and take initiative across credit lines, ISDA documentation, and trade confirmations, coordinating required internal approvals.
  • Partner closely with counterparts in Trading, as well as Corporate Banking, Debt Capital Markets, Leveraged Finance, and Foreign Exchange.
  • Partners with senior sales team members in supporting the sales process and execution of capital markets transactions.
  • Works as part of an assigned sales team to support the execution of capital markets transactions.
  • Independently performs financial analyses, conducts research and prepares reports and supporting documents.
  • Coordinates core work-sets such as due diligence, document processing and industry/company analysis.
  • Partners with senior team members in developing pitches and providing client relationship support.
  • Monitors and develops industry, client, product, market and regulatory knowledge.
  • Gains proficiency with all tools, systems and other resources.

Requirements

  • Derivatives, Fixed Income, Securities Sales, or Capital Markets experience
  • Direct experience marketing and/or executing Interest Rate Derivative products—including swaps, swaptions, caps, floors, cross-currency swaps, and Treasury locks—for corporate clients
  • Solid understanding of the complexities of the derivatives markets and the pricing of fixed income derivative products
  • Familiarity with ISDA documentation and terms
  • Familiarity with credit risk concepts, including CVA, DVA, and FVA
  • Strong interest in global macro markets and market developments
  • Excellent verbal, written, and interpersonal communication skills, including the ability to translate complex financial concepts into simple terms and actionable steps
  • Strong quantitative, analytical, and problem-solving abilities
  • Advanced proficiency in Microsoft Excel and PowerPoint
  • Strong attention to detail and organizational skills
  • Ability to thrive in a fast-paced, team-oriented environment, exhibiting initiative, ownership, and flexibility, and to perform effectively under pressure
  • Demonstrated commitment to collaboration and achieving team goals
  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Skills

  • Client Relationship Building
  • Corporate Finance
  • Decision Making
  • Equity Trading Systems
  • Financial Accounting
  • Investments
  • Investment Strategies
  • Trading Strategies
  • Accuracy and Attention to Detail
  • Analytical Thinking
  • Decision Making and Critical Thinking
  • Effective Communications
  • Financial Analysis
  • Financial Services Industry
  • Managing Multiple Priorities
  • Products and Services
  • Sales Function

Location

  • Pittsburgh, PA
  • New York, NY
  • Cleveland, OH
  • Philadelphia, PA

Work Type

  • In-office

Experience Level

  • 2+ years of relevant professional experience

Education Level

  • Bachelors

Salary/Compensations

  • Base Salary: $75,000.00 – $150,000.00

Benefits

  • 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
  • Robust wellness program with financial incentives
  • 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

About the Company

  • 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. 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.
  • PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance.
  • 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.

Equal Opportunity

  • 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.
  • This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.
  • California Residents Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.