2027 Summer Intern – Quantitative Analyst (Raleigh, NC)

First Citizens Bank; Raleigh (NC); Vor Ort; USD 25.000 - 34.000; Vollzeit

Benefits dieser Stelle

Benefits package

Zusammenfassung

First Citizens Bank invites you to join its summer internship in Raleigh, NC, focused on derivatives modeling within the Finance Quantitative Office. The role provides real hands-on development opportunities and exposure to credit loss, deposit, derivatives, and loan models while contributing to ongoing enhancements and risk measurements.

Responsibilities include analyzing swaps and vanilla options, benchmarking analytics, and presenting at program end.

Qualifikationen

• Currently enrolled in an accredited collegiate institution during the program.
• Strong quantitative focus and willingness to learn.
• Excellent written and verbal communication skills.

Aufgaben

• Analyze the bank’s portfolio of swaps and vanilla options in rates and FX.
• Benchmark analytics (mark-to-market, Greeks) on portfolios.
• Provide rationale for extensions to the bank’s model inventory.
• Validate production results using existing systems.
• Participate in a dynamic team and cross-functional projects.
• Prepare a wrap-up presentation for stakeholders at internship end.

Kenntnisse

Adaptability

Communication

Critical Thinking

Ausbildung

Currently enrolled in accredited college/university

Tools

Python

SQL

QuantLib/Open-Source Risk Engine

Jobbeschreibung

Overview

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!

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! The Finance Quantitative Office is the bank’s dedicated modeling organization. It covers credit loss, deposit, derivatives, and loan models. This internship will focus on derivatives models. Presently, that team is working on enhancements to the ongoing monitoring, valuation adjustments, and risk measurements.

Responsibilities & Qualifications

Duties & Responsibilities

In This Role, You Will

• Analyze the bank’s portfolio of both swaps and vanilla options in rates and foreign exchange.
• Benchmark various analytics (i.e., mark‑to‑market and Greeks) on the above portfolios.
• Provide rationale for possible extensions to bank’s existing model inventory.
• Use existing systems to cross‑check and validate production results.
• 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.

Internship dates:

5/24/27 - 7/30/27

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

• Student pursuing a Master’s (MS/MSc) or Doctoral (PhD) degree with a quantitative focus: mathematics, physics, statistics, engineering, or operations research.
• Quantitative skills specific to derivatives modeling: probability theory and stochastic processes, stochastic differential equations, partial differential equations, numerical analysis, and optimization theory.
• Programming experience: Python (preferred), SQL (nice‑to‑have), QuantLib or Open‑Source Risk Engine (bonus).
• 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

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.