Corporate & Institutional Banking

Capital Markets Development Program Details

Program Overview

The Corporate & Institutional Banking (C&IB) Early Career Development Program, Capital Markets track, provides a broad exposure to various business units within C&IB. Analysts  experience structured development and formal classroom learning, including an intensive 8-week learning program in accounting and commercial loans to businesses in order to better understand PNC core competencies and become a well-rounded banker.

The Capital Markets track consists of the following opportunities:  

  • Asset & Liability Management
    • Balance Sheet Analytics
    • Investment Portfolio Management
    • Liquidity & Capital Management
  • Capital Markets Group
    • Derivatives, Foreign Exchange & Fixed Income Sales, Hedging and Risk Management Solutions
    • Financial Institutions Group
  • Investment Banking
    • Asset Backed Finance
    • Debt Capital Markets
    • Public Finance Capital Markets

What to Expect During the Program

The Capital Markets track is an engaging 3-year experience especially designed to equip you with the foundational and transferable skills that will enable you to navigate a successful career in banking. Analysts will master PNC’s product set to excel in analytics, credit, relationship management, sales and financial modeling. Learn More

What a Typical Day Looks Like

Work flow will vary from week-to-week based on client requests and business needs. Analysts must be able to prioritize assignments to meet deadlines and be flexible to adapt as urgent needs arise. Learn More

Career Opportunities

Upon the successful completion of PNC’s Corporate & Institutional Banking Early Career Development Program, Capital Markets track, placement is based upon business need and individual job performance; placement is not guaranteed.

Duration & Locations


36

Months

 

Various Locations Available:

Across PNC’s footprint, but not all opportunities within the track are available in all markets

Note: Ability to be geographically flexible upon successful completion of the program is preferred.

In Asset & Liability Management, you will:

  • Execute credit and equity market transactions (share repurchases, repurchase agreements, debt issuance, etc.)
  • Analyze, manage, and present PNC’s internal and external regulatory metrics with executive management.
  • Conduct peer analyses on capital and liquidity trends and present to executive management.

In Capital Markets Group, you will:

  • Participate in client presentations and discussions.
  • Prepare various reports for clients, trading desk and management.

Within Derivatives, Foreign Exchange & Fixed Income Sales, Hedging and Risk Management Solutions groups, you will:

  • Generate and distribute daily pricing sheets for internal and external use.
  • Support senior managers with daily trade execution tasks.

Within Financial Institutions Group, you will:

  • Research, summarize, and present background materials to assist relationship managers in preparing for sales meetings.
  • Coordinate deal team meetings with the relationship team and product partners.
  • Assemble and publish industry news, commentary, and insights applicable to the financial services industry.

In Investment Banking, you will:

  • Perform fundamental corporate credit analysis including business analysis and financial modeling.
  • Communicate with the client, their representatives, and any deal-related parties regarding all aspects of the transaction.
  • Perform due diligence for all closing activities, including the completion of pricing books and summaries of sale, wire requests, and the closing of transactions.
  • Conduct portfolio analytics.
  • Draft internal credit write-ups.

Asset & Liability Management

  • Balance Sheet Analytics
    • Build an in-depth knowledge of how the bank operates, how the bank optimizes its balance sheet, and how it thinks about growth.
    • Participate in the strategic decisions that PNC makes pertaining to issuing dividends,  managing share repurchases, issuing debt, managing credit risk, managing interest rate risk, and more.
  • Investment Portfolio Management
    • Develop comprehensive knowledge of bond analysis and portfolio management theory.
    • Understand the securities market and investment environment.
  • Liquidity & Capital Management
    • Partner with line-of-business product partners to ascertain strategic goals and initiatives at both the enterprise and line-of-business level.
    • Build an understanding of to centrally manage the strategy and execution of PNC's liquidity, funding, and capital management efforts across the company.

Capital Markets Group

  • Derivatives, Foreign Exchange & Fixed Income Sales, Hedging and Risk Management Solutions
    • Interact directly with corporate and institutional clients, providing analysis and solutions to address interest rate and currency risk management as well as the management and investment of excess cash balances.
  • Financial Institutions Group
    • Join a pool of analysts to support the senior bankers who focus on both domestic and international banks, insurance companies, asset managers, and broker dealers.

Investment Banking

  • Asset Backed Finance
    • Join a team of senior bankers, who employ large quantities of capital for PNC’s clients, by executing highly structured financing solutions.
    • Originate, structure, and underwrite securitization transactions, by leveraging cash flowing assets, across a broad array of asset classes—from trade receivables to capital commitments, equipment, and national sports media contracts.  
  • Debt Capital Markets
    • Assist senior deal team members with developing, proposing and executing financing solutions for clients.
    • Become an integral part of a team of experienced bankers delivering financial advisory and capital markets solutions to PNC’s clients.
  • Public Finance Capital Markets
    • Assist governments, higher education institutions, hospitals, and not-for-profits with raising capital through the issuance of municipal bonds.
    • Learn the nuances of the municipal bond market, and develop the skills required to successfully execute complex transactions.

Preferred Areas of Study: Accounting, Business Administration, Economics, Finance, Mathematics

Desired Skills: Highly motivated, results-driven, exceptional quantitative skills, including the abilities to analyze data sets and apply financial and analytical theories. Impressive written and verbal communication skills, robust work ethic, with high attention to detail. Ability to work well in teams.  Strong interpersonal skills that can be applied to sales and development of client relationships.

Minimum Requirements: Bachelor’s Degree from a 4-year school or university, 3.2 GPA.

 

Please check back in fall 2018 for information on submitting your interest.