Little Rock, Arkansas

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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(n) [position title] within PNC's [name of division] organization, you will be based in [city/state location of position].

Job Profile

Position OverviewAt 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. As a Business Innovation Venture Associate within PNC's Enterprise Innovation organization, you will be based in Pittsburgh, PA or Cleveland, OH.

This position also offers the opportunity to work remotely from home, with the exception of Alaska, Colorado, and Hawaii.

The mission of PNC's Enterprise Innovation is to unlock the possible; to imagine how financial services can improve everyday life of people and organizations. Within the Enterprise Innovation team, the Business Innovation practice is responsible for innovation opportunity scanning, early-stage opportunity analysis, business model conceptualization and validation, partner identification and evaluation, and business due diligence.

A Business Innovation Venture Associate proposes and explores new project opportunities in the fintech market by matching unsolved business problems with emerging technologies and research IP. Develops new entrepreneurial ideas and consults in the industry to identify and address high growth fintech solutions. The Venture Associate creates and leads succinct project pitches & presents them to senior staff for funding consideration. Ideas are mostly sourced from industry experts inside of banking and academic researchers. A Venture Associate develops expertise in current industry gaps and sees gaps that no one is talking about.

Job Description

As a Venture Associate within the Business Innovation practice, you will be responsible for:

  • Conducting due diligence, operational metrics assessments, competitive analysis, product and technology evaluation, reference calls, and financial and exit modeling. Prioritizes opportunities and creates strategic approaches
  • Leads selection process of most promising ideas for development and pitches ideas to senior leadership
  • Gathers industry information and assess market landscape while proactively searching for sources of prospect mentors, advisers, partners and applicants
  • Creates strategy to articulate thoughtful analyses into recommendations/business cases for development
  • Proactively identifies, established and maintains relationships with academics, consultants, lines of business, and subject matter experts

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
Critical Competencies
  • Business Assessment (extensive experience) Knowledge of the activities, tasks, practices and deliverables for assessing and documenting business opportunities; ability to assess the benefits, risks, and success factors of potential applications.
  • Innovation (working experience) Develops new ideas and initiatives that improve the performance of the organization.
  • Analytical Thinking (basic understanding) Knowledge of techniques and tools that promote effective analysis and the ability to determine the root cause of organizational problems and create alternative solutions that resolve the problems in the best interest of the business.
  • Managing Multiple Priorities (working experience) Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
  • Relationship Building (working experience) Develops trusting relationships by valuing others' concerns and contributions.
  • Products and Services (extensive experience) Knowledge of major products and services and product and service groups; ability to apply this knowledge appropriately to diverse situations.
  • Influencing (working experience) Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization.
CompetenciesAnalytical Thinking - Knowledge of techniques and tools that promote effective analysis and the ability to determine the root cause of organizational problems and create alternative solutions that resolve the problems in the best interest of the business.Business Assessment - Knowledge of the activities, tasks, practices and deliverables for assessing and documenting business opportunities; ability to assess the benefits, risks, and success factors of potential applications.Business Process Modeling - Knowledge of the activities, tasks, deliverables and techniques for documenting current business processes; ability to identify problems, opportunities, and re-engineering processes for improvement.Industry Knowledge - Knowledge of the organization's industry group, trends, directions, major issues, regulatory considerations, and trendsetters; ability to apply this knowledge appropriately to diverse situations.Influencing - Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization.Innovation - Develops new ideas and initiatives that improve the performance of the organization.Managing Multiple Priorities - Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.Products and Services - Knowledge of major products and services and product and service groups; ability to apply this knowledge appropriately to diverse situations.Relationship Building - Develops trusting relationships by valuing others' concerns and contributions.Work ExperienceRoles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. Certifications are often desired. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.EducationBachelors

Additional Job Description

Successful Candidates Will Have the Following Background, Mindset, And Know-How
  • Previous work experience within most phases of a corporate innovation funnel (i.e., identifying and selecting ideas through conceptualizing and validating business models.)
  • Led teams in executing the analytical components of early-stage opportunity analyses or startup business assessments (e.g., market sizing, customer segmentation, channel analysis, financial modeling, pricing analysis, competitive landscaping, ecosystem mapping)
  • Firm grasp of the mechanics of financial statements, digital/fintech business models, and lean-start methods.
  • Able to successfully deploy a variety of innovation-related critical thinking tools and frameworks (e.g., hypothesis-driven problem solving, blue ocean canvas, jobs to be done, innovation engineering)
  • Proclivity for identifying and analyzing possible strategic pitfalls while still being optimistic and taking calculated risks to 'push the envelope' when exploring innovation opportunities.
  • Expertise in both primary and secondary research methods, and able to teach others.
  • Energized by making fresh connections between different concepts and synthesizing information into insightful documents for leadership.
  • Takes initiative, is eager to take on difficult projects, and able to persevere when confronted with possible roadblocks to success.
  • Experiments with different approaches while maintaining focus on the project objectives
  • A natural collaborator confident enough to express their point of view while remaining open and reflective to other opinions

Benefits

PNC offers employees 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; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC.

Disability Accommodations Statement:


The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at pathfinder@pnc.com.

The Human Resources Service Center hours of operation are Monday - Friday 9:00 AM to 5:00 PM ET.

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.

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Little Rock, Arkansas

 

A Workplace that Welcomes Everyone
 
At PNC, we’ve built a culture based on respect, integrity and inclusion. A culture that’s open to new ideas, new insights and new voices. A culture where everyone can truly be themselves and make their thoughts and opinions known – it’s our differences that give us strength and make us who we are today. Here, you’re empowered and encouraged to make an impact on the world around you while being your most authentic self.
Investing in Our Employees

Attracting, recruiting and retaining a diverse workforce is essential to our success, providing us with a wealth of skills and ideas, increasing employee engagement and tying us closer to the communities we serve.

Embracing a Culture of Diversity

We champion a culture where employees feel confident presenting their ideas and are valued for their abilities.

Building Bridges With Our Customers & Communities

By deepening relationships with our diverse customers and markets, we identify and navigate new marketplace opportunities and improve the customer experience.

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