2027 Summer Intern - Quantitative Analyst (Morristown, NJ)

First Citizens; Morristown, New York (NJ, NY); Hybrid; USD 30,000 - 45,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

First Citizens Bank offers a summer internship in a hybrid setting, with hands-on data and modeling work supporting risk management and balance sheet planning. You will develop CCAR and forecasting models, analyze macroeconomic drivers, and contribute to ALM and strategic initiatives under mentoring.

Interns present a wrap-up to division leaders, attend development sessions, and gain exposure to analytics, research, and technology projects, all while balancing coursework and internship

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.

Responsibilities

• Model Development – conduct data and modeling analysis for CCAR and Balance Sheet forecasting models.
• Model maintenance – perform statistical testing and root cause analysis of model performance.
• Attend professional development sessions and participate in projects, strategy, and process improvement.

Skills

Adaptability

Communication

Critical Thinking

Tools

Python

SAS

R

SQL

Job description

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.