The PNC Financial Services Group, Inc

Senior Counsel Private Bank Internal Revenue Code and Employee Retirement Income Security Act

Legal & Accounting
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of legal experience, preferably with a focus on IRAs and ERISA
  • Strong understanding of federal and state tax laws related to retirement accounts
  • Experience advising on IRA operations and compliance issues
  • Knowledge of fiduciary responsibilities under ERISA
  • Jurisdictional licensing to practice law is required
  • Ability to perform complex legal research and analysis
  • Strong communication skills for interacting with internal and external stakeholders.

Responsibilities

  • Provide expert legal guidance on IRA-related matters and compliance issues
  • Manage relationships and expenses with outside legal counsel
  • Conduct legal research and ensure adherence to regulations
  • Collaborate with cross-functional teams to address legal queries and operational challenges
  • Support business units with customer account administration adjustments
  • Respond to regulatory and audit inquiries regarding retirement accounts
  • Contribute to the development of new financial products and services.

Benefits

  • Medical/prescription drug coverage with a Health Savings Account option
  • Dental and vision insurance available
  • 401(k) plan with PNC match and pension options
  • Short and long-term disability protection
  • Generous paid time off, including vacation and parental leave
  • Educational assistance and wellness program with financial incentives
  • Adoption and surrogacy reimbursement options.
Full Job Description

Position Overview

As a Senior Counsel within PNC Legal’s Asset Management Group, you may be based in Pittsburgh, PA, Philadelphia, PA, Birmingham, AL, Cleveland, OH, or the District of Columbia.

•Substantial experience with IRAs, including a demonstrated interest in being the “go-to” person on this subject matter.
•Ability to provide advice to operations and sales personnel regarding applicable law, including the Internal Revenue Code, Employee Retirement Income Security Act of 1974 (ERISA), Department of Labor (DOL) and Treasury regulations, potential prohibited transactions and available exemptions.
•Ability to advise on IRA account opening, administration, beneficiary designations, distributions, inherited IRA issues, transfers incident to divorce, account closing, and related operational questions in partnership with bank and brokerage business partners.
•Strong knowledge of ERISA fiduciary duties, prohibited transaction concepts, plan asset issues, IRA rollover considerations, required disclosures, and related DOL and IRS requirements.
•Strong knowledge of federal and state tax reporting and withholding issues related to distributions from IRAs and qualified plans.
•Experience reviewing and providing pragmatic legal guidance on retirement-related forms, account documentation, powers of attorney, subpoenas and garnishments, beneficiary and estate-related documentation, fee issues, disclosures, client communications, and internal policies and procedures.
•Ability to analyze investment, fiduciary, trust, estate, tax, and operational issues that intersect with IRAs, retirement accounts, and investment management relationships, and to coordinate productively with other Legal colleagues as needed.
•Experience responding to or supporting responses to regulator, audit, compliance, risk, and control inquiries involving retirement accounts, fiduciary activities, investment services, and related operational processes.
•Ability to assist business with customer account administration issues, exception requests, escalations, special projects, development of new products and services, and updates to policies and procedures, job aids, and training.
•Ability and willingness to develop new skills, learn PNC’s IRA and retirement business, adapt to change, make connections across different products, services, and lines of business, and continue to grow as deep legal advisor for IRAs, ERISA, and retirement-related matters.
•Excellent judgment and ability to help business partners achieve their goals in a risk appropriate manner

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
  • Performs significant and complex legal work while regularly interacting with management. Oversees legal research, analysis, consultation, and documentation within a framework of legal compliance and risk management.

  • Responsible for managing the expense for outside counsel relationships, provides strategic direction on when to leverage outside counsel.

  • Works with outside counsel combining their advice with analysis and feedback from internal stakeholders to provide practical guidance.

  • Networks with outside organizations to advance legal interests and legal health of the corporation and its industry.

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/licensures needed to be successful in this position.

Preferred SkillsLegal Compliance, Legal Consulting, Legal Practices, Legal Risk, Regulatory Compliance, Risk Assessments

CompetenciesBusiness Ethics, Decision Making and Critical Thinking, Effective Communications, Establishing and Maintaining Trust, External Resource Management, Influencing Through Expertise, Legal Analysis, Legal Function, Negotiating, Problem Solving

Work ExperienceRoles at this level require a Juris Doctorate (J.D.) degree from an accredited law school and licensed to practice law in at least one jurisdiction. Industry-relevant experience is typically 8+ years.

EducationJD (Required)

CertificationsActive State License - Multiple Issuers

LicensesNo Required License(s)

Language Assessments

 

No Required or Preferred Language Assessments

 

 

Pay Transparency

Base Salary: $133,000.00 – $296,400.00

Salaries 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 08/20/2026, 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.

About The PNC Financial Services Group, Inc

PNC is a financial service company providing bank deposit products and services to its community. The company assets (as of December 31, 2011) of approximately $271.2 billion. PNC operations include a regional banking franchise operating primarily in nineteen states and the District of Columbia with more than 2,700 branches, online and mobile services together with 7,400 ATM machines, specialized financial businesses serving companies and government entities, and asset management and processing businesses.

The PNC Financial Services Group, Inc Careers

Join the vibrant team at The PNC Financial Services Group, Inc, a leader in financial services and a beacon of innovation and professional excellence. At PNC, we are committed to fostering a workplace where every team member can thrive and contribute to our collective success.

Work You’ll Do

Embark on a career with PNC and be part of a company that values diversity, leadership, and professional growth. Our team is dedicated to helping individuals and communities thrive by living our values and demonstrating our commitment to performance and integrity.

Explore Job Opportunities and Internships

Whether you're starting your career or looking to make a change, PNC offers a range of job opportunities and internships that will harness your skills and ignite your passion for financial services. From entry-level positions to leadership roles, PNC is hiring across various departments, ensuring a place for every talent and ambition.

Innovate and Lead

At PNC, innovation and leadership go hand in hand. Join us at the forefront of financial services, where your ideas can lead to better customer solutions and enhanced operational efficiency. Our culture encourages curiosity and initiative, allowing you to take your career to new heights through continuous learning and leadership opportunities.

Develop Your Career

PNC is not just a company; it's a place where you can shape your future. With robust training programs, including diversity training and professional development courses, we prepare our employees for sustained success. Career growth at PNC is supported by our commitment to mentorship and development, helping you build a rewarding career filled with exciting challenges and opportunities.

Benefits and Culture

Choosing to work at PNC means you value a culture that promotes mutual respect and teamwork. We offer competitive benefits that support the health, well-being, and financial security of our employees and their families. At PNC, we understand that our success as a company depends on the health, happiness, and productivity of our team members.

Networking and Professional Development

Advance your career through PNC’s vast networking opportunities. Connect with leaders and peers within the company through various events, training sessions, and community programs. Our commitment to professional growth is evident in our proactive approach to networking and development, helping you build meaningful connections and enhance your career trajectory.

Join Our Team

Ready to make a significant impact? Explore the current openings at The PNC Financial Services Group, Inc and find the position that matches your skills and interests. We are looking for passionate, driven, and creative team players who are ready to take the next step in their careers.

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Keep up to date with the latest from PNC Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that align with your career interests and get insider tips that can help you during the interview and resume submission processes.

Explore, Innovate, Grow with PNC

At The PNC Financial Services Group, Inc, your career is what you make it. Join us and discover how your unique talents can be honed and appreciated in an environment that fosters professional and personal growth. Let’s build the future of financial services together.

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Learn more about The PNC Financial Services Group, Inc
Size
57,668 employees
Market Cap
$62.6 billion
Industry
Net Income
$7.5 billion
Founded
1845
5 Year Trend
+2.9%
NASDAQ

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