Capital Markets Associate - Derivatives Products Group
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. 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 Capital Markets Associate - Derivatives Products Group within PNC's Capital Markets organization, you can be based in Pittsburgh, PA, New York, NY, Cleveland, OH, or Philadelphia, PA.This role supports the marketing and execution of interest rate hedging solutions for PNC’s corporate and institutional client base. Working alongside senior marketers, 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, while coordinating with credit, legal, settlements and other internal service partners.
DPG marketers partner closely with the trading desk and with C&IB coverage partners-Corporate Banking, Debt Capital Markets, Leveraged Finance, Foreign Exchange, and Treasury Management-to cohesively market the bank and are expected to collaborate seamlessly across the platform. The successful candidate will be focused on building strong client relationships while helping foster a strong risk-mitigating and compliance-driven culture. This is a high-visibility seat with a clear path to a client-facing marketing role.
In this role, you will:
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
Experiences:
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 goalsPNC 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
- 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.
PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
- 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.
Qualifications
Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensuresneeded to be successful in this position.
Preferred Skills
Client Relationship Building, Corporate Finance, Decision Making, Equity Trading Systems, Financial Accounting, Investments, Investment Strategies, Trading StrategiesCompetencies
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 FunctionWork Experience
Roles at this level typically require a university / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.Education
BachelorsCertifications
No Required Certification(s)Licenses
Public Finance & Healthcare - SIE, Series 52 & 63 (79 optional) within 180 days of employment. Asset Backed Finance - SIE, 7, 79 and 63 within 180 days of employment. DCM (Loan Syndications & Equipment Finance) - SIE, Series 79, Series 7, and 63 within 120 days of employment. Derivatives - SIE, Series 7 and 63 within 120 days of employment. FIG - SIE, Series 7 and 63 within 120 days of employment. Fixed Income - SIE, Series 7 and 63 within 120 days of employment. Foreign Exchange - SIE, Series 7 and 63 within 120 days of employment. Fixed Income (Tax-Exempt): Municipal Trading and Underwriting - SIE, Series 52 and 63 (or Series 7, if taken prior to 11/7/2011, is acceptable in lieu of Series 52) within 90 days of employment. Municipal Sales - SIE, Series 7 or 52, and 63 within 90 days of employment. ESOP - SIE, 63 and 79 within 120 days of employment. Other appropriate licenses (e.g. supervisory licenses) may be required at the discretion of the manager.Language Assessments
No Required or Preferred Language AssessmentsPay Transparency
Base Salary: $75,000.00 - $150,000.00Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.Application Window
Generally, this opening is expected to be posted for two business days from 09/11/2026, although it may be longer with business discretion.Benefits
PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: 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; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: 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.To learn more about these and other programs, including benefits for full time and part-time employees, visit pncthrive.com.
Disability Accommodations Statement
If an accommodation is required to participate in the application process, please contact us via email at [email protected]. Please include “accommodation request” in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.
Equal Employment Opportunity (EEO)
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.