2027 Summer Intern, Quantitative Analyst

2027 Summer Intern - Quantitative Analyst

First Citizens Bank

About the Role

• Hybrid role with work expected both inside and outside of a company office.
• Exciting summer internship program providing development opportunities and hands-on work experience.
• Aims to create a talent pipeline for the Bank.
• Interns will apply classroom knowledge in a corporate environment, making a positive impact across the organization and communities.

Key Responsibilities

• Model Development: Conduct data and modeling analysis for CCAR and Balance Sheet forecasting models.
• Identify the impact of macroeconomic conditions, customer behavior, and business strategy using quantitative methods.
• This analysis supports financial risk management for capital requirements and Asset Liability Management/Balance Sheet Management.
• Model Maintenance: Conduct statistical testing and root cause analysis to monitor model performance.
• Attribute model performance differences to underlying assumptions and limitations of the model.
• Be part of a dynamic team with interesting projects.
• Accountabilities may include research, analytics, projects, strategy, process review and improvement, technology enhancements, and support.
• Attend professional development sessions, informational sessions, networking, and community service events.
• Receive guidance from a dedicated manager and program manager.
• Be assigned a project designed to improve a specific process or solve a problem, presented at the close of the internship.
• Prepare a wrap-up presentation for division leaders and key stakeholders outlining accomplishments and experience.

Position Specific Skills

• Adaptability
• Communication (Written & Verbal)
• Critical Thinking Skills

Requirements & Tech Stack

• High School Diploma or GED and 1 year of experience.
• Currently enrolled at an accredited collegiate institution during the summer program.
• Ability to work 40 hours per week during the program duration.
• Optional programming experience in: SAS, R, SQL.

Qualifications

• Currently pursuing an advanced degree (Master's) is preferred.
• Specific focus of study in statistics, economics, econometrics, applied mathematics, quantitative finance, or related field is preferred.
• Ability to program in Python is preferred.
• Minimum 3.0 GPA is preferred.
• Strong desire to learn and grow.
• Positive attitude, naturally curious, and enjoys collaborating.
• Strong verbal and written communication skills.
• Critical thinking skills.
• Ability to multitask.
• Ability to adapt and adjust priorities based on business needs.
• Ability to take direction and absorb information quickly.

Additional Information

• Base pay range: $21.51/hour - $32.89/hour. Actual starting pay depends on skills, experience, and location.
• Total compensation may include variable incentives, bonuses, benefits, and/or other awards.
• Benefits program information available at https://jobs.firstcitizens.com/benefits.