2027 Summer Intern - Quantitative Analyst (Morristown, NJ)

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

Job summary

First Citizens Bank offers a hybrid summer internship where you will work on data modeling and analytics within a corporate setting. You will apply classroom knowledge to real-world CCAR and balance sheet forecasting projects and gain exposure to risk management processes.

You will participate in professional development sessions, attend networking events, and deliver a final presentation to division leaders outlining your accomplishments.

Qualifications

• Adaptability to changing project needs and environments.
• Strong written and verbal communication skills.
• Analytical thinking and problem solving abilities.

Responsibilities

• Model development for CCAR and Balance Sheet forecasting.
• Model maintenance with statistical testing and root cause analysis.
• Contribute to a dynamic team with various projects.
• Prepare a wrap-up presentation for division leaders.

Skills

Adaptability

Communication (Written & Verbal)

Critical Thinking Skills

Education

High School Diploma or GED

Currently enrolled at an accredited collegiate institution

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

• 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.