Position Overview
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.g., CFA®) preferred.
PNC 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
- 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 o