Defined Contribution Investment Director
Job
PNC Bank NA
Union, MO (In Person)
$160,900 Salary, Full-Time
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Job Description
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 Defined Contribution Investment Director within PNC's Asset Management Group Investment Office organization, you will be based in Philadelphia, PA. Other PNC locations will also be considered. The Defined Contribution Investment Director leads the investment team within the AMG Investment Office supporting the Retirement Solutions / Fiduciary Investment Services (FIS) line of business. This role is responsible for investment strategy, fiduciary oversight, retirement plan advisor support, and thought leadership, while also managing and developing an investment team. The Director partners closely with business leaders, advisors, legal and risk partners, and external vendors to support client retention, growth, and high quality fiduciary outcomes for a growing business.
Key responsibilities include:
Investment Strategy & Fiduciary Oversight- Lead the development and ongoing maintenance of the Retirement Solutions investment philosophy, including lineup construction, asset class preferences, active/passive implementation, and approved investment vehicles.
- Oversee fiduciary investment due diligence processes for 3(21) and 3(38) services in alignment with Investment Policy Statements and internal control standards.
- Represent the organization as a 3(38) Investment Manager, including reviewing and approving Investment Policy Statements, evaluating client requested changes, and partnering with Legal on material updates. Advisor & Client Support
- Serve as a trusted investment resource to Retirement Plan Advisors by providing guidance on client specific investment questions, lineup construction, and target date fund reviews.
- Participate in client and prospect meetings as requested, offering investment observations, insights, and presentation support.
- Train newly hired advisors on investment philosophy, fiduciary processes, reporting tools, and investment protocols, and provide ongoing advisor education. Business Partnership & Thought Leadership
- Partner with Line of Business leadership to align on strategic objectives.
- Create and deliver investment thought leadership and educational content for clients, prospects, and advisors, including webinars and presentations.
- Contribute to sales and marketing efforts by reviewing or drafting investment related RFP responses and presentation materials. Vendor & Platform Management
- Manage key vendor relationships (e.g., investment analytics and reporting platforms) and ensure service standards are met.
- Lead investment related technology initiatives and system enhancements to improve advisor oversight, reporting accuracy, and efficiency.
- Partner with asset managers to identify opportunities for lower cost vehicle access and enhanced investment solutions. Leadership & Team Development
- Lead, coach, and develop a team of investment professionals, fostering accountability, innovation, and collaboration.
- Align team priorities with business strategy, client needs, and retention goals.
Preferred experience/skills:
- Significant experience in institutional retirement plan investments, fiduciary services, or investment advisory leadership.
- Deep knowledge of
ERISA, 3
(21) and 3(38) fiduciary services, investment due diligence, and retirement plan structures.- Demonstrated people management experience with a track record of developing high performing teams.
- Strong communication skills and proven ability to influence senior business partners, advisors, and clients.
- Experience working with investment platforms, analytics tools, and advisor reporting solutions.
- Professional investment or fiduciary designations (e.
STEM OPT
for this position. Job Description Manages and guides respective team. Sources and monitors investment managers. Drives strategy which includes creating and implementing processes and best practices and coordinating with business lines to align IAR efforts with business line goals. Provides sales support and subject matter expertise to the investment field. Provides input to portfolios and partners with Investment Strategy and Portfolio Management to publish thought leadership. Coordinates across business lines to align goals of alternative, traditional or operational due diligence teams. Determines and implements strategy to support and meet the business line goals. Provides sales support across business lines to retain existing clients and attract new clients where appropriate. Designs and oversees creation of educational materials and regular reports to enhance the knowledge of the investment field and the client experience. Participates in client or prospect meetings with the largest and most sophisticated clients who tend to be the most demanding and sensitive. Monitors and selects managers within assigned coverage area for the platform and/or portfolios. Continuously improves platform, applicable processes and PNC's subject matter expertise by screening third party databases, attending industry conferences and networking with industry contacts. Develops and implements internal investment advisor research processes focused on manager selection, monitoring and risk management. Manages analysts and associates in execution of team strategy. 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. PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to: Include Intentionally
- Cultivates diverse teams and inclusive workplaces to expand thinking. Live the Values
- Role models our values with transparency and courage. Enable Change
- Takes action to drive change and innovation that will transform our business. Achieve Results
- Takes personal ownership to deliver results. Empowers and trusts others in decision making. Develop the Best
- Raises the bar with every talent decision and guides the achievement of all employees and customers.
- Financial Services Work Experience Roles at this level typically require a university / college degree.
Pay Transparency Base Salary:
$80,000.00- $241,800.
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