2027 Summer Intern - Quantitative Analyst (Morristown, NJ)

First Citizens; Morris Township (NJ); Híbrido; USD 30 000 - 45 000; Tempo integral

Resumo da oferta

First Citizens Bank offers a hybrid summer internship that blends in-office and remote work. Interns will apply classroom knowledge to real-world risk and finance projects, focusing on CCAR and Balance Sheet forecasting models within a dynamic team.

You will participate in professional development, complete a capstone project, and present findings to division leaders, while building skills in data analysis and communication.

Qualificações

• High School Diploma or GED and 1 year of experience.
• Currently enrolled at an accredited collegiate institution during the program.
• Ability to work 40 hours per week during the duration.
• Preferred focus in statistics, econometrics, applied mathematics or related field.
• Pursuing a Master’s degree is preferred.
• GPA of 3.0 minimum.

Responsabilidades

• Model Development – analyze CCAR and Balance Sheet forecasting models using quantitative methods.
• Model maintenance – perform statistical testing and root cause analysis.
• Be part of a dynamic team with interesting projects.
• Handle research, analytics, projects, and process improvements as needed.
• Attend professional development sessions, informational sessions, networking and community events.
• Receive project assignment and present outcomes to leadership at internship end.
• Prepare a wrap-up presentation for division leaders outlining accomplishments.

Conhecimentos

Adaptability

Written communication

Critical thinking

Multitasking

Formação académica

High School Diploma or GED

Enrolled in accredited college

Master's degree preferred

Ferramentas

Python

SAS

R

SQL

Descrição da oferta de emprego

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.

First Citizens Bank offers an exciting summer internship program that provides development opportunities and hands on work experience while creating a talent pipeline for the Bank. Our interns will apply classroom knowledge in a corporate environment while making a positive impact across the organization and the communities we serve. Come help First Citizens build for the future!

Responsibilities & Qualifications

Duties & Responsibilities

In this role, you will:

• Model Development – conduct data and modeling analysis for one or more CCAR and Balance Sheet forecasting models, by identifying the impact of macroeconomic conditions, customer behavior, business strategy using quantitative methods; this analysis helps the bank manage financial risk around capital requirements and supports the Asset Liability Management and Balance Sheet Management
• Model maintenance – conduct statistical testing and root cause analysis to monitor the performance of the model, by attributing the model performance differences to underlying assumptions and limitations of the model
• Be part of a dynamic team with interesting projects.
• Accountabilities can and may include areas such as research, analytics, projects, strategy, process review and improvement, as well as technology enhancements and support.
• Attend professional development sessions, informational sessions, networking and community service events.
• Have a dedicated manager and program manager to help you navigate the bank and the internship program.
• Be assigned a project, designed to improve a specific process or solve a problem that you will present at the close of the internship.
• Prepare a wrap-up presentation to be shared with the division leader and other key stakeholders in the company to outline your accomplishments and experience during the internship

Position Specific Skills:

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

Required qualifications:

• High School Diploma or GED and 1 year of experience
• Currently enrolled at an accredited collegiate institution (during the time of the summer program)
• Ability to work 40 hours per week during the duration of the program

Preferred qualifications:

• Specific focus of study in statistics, economics, econometrics, applied mathematics, quantitative finance or related field is preferred
• Currently pursuing an advanced degree (Master’s)
• Ability to program in statistical/mathematical program in Python, optional in SAS, R and SQL
• 3.0 minimum GPA
• Strong desire to learn and grow
• Possess a positive attitude, naturally curious and enjoys collaborating with others
• 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

The base pay for this position is generally between $21.51/hour and $32.89/hour. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.