2027 Summer Intern - Quantitative Modeling (Raleigh, NC)

First Citizens Bank; Raleigh (NC); Hybrid; USD 28,000 - 33,000; Full time

Job summary

First Citizens Bank is offering a summer internship in the Treasury’s Strategic Modeling and Analytics (SMA) Team in Raleigh. You will help build loan forecasting models covering balance, commitments, and prepayment components, with data analysis and dashboard automation.

A dedicated manager will guide you, and you’ll present your project at the end to division leaders. The internship runs 5/24/2027 to 7/30/2027, requiring 40 hours per week in a hybrid setting with on-site and remote work.

Qualifications

• Must be enrolled in an accredited college during the internship period.
• Prefer coursework in statistics, economics, econometrics, applied math or quantitative finance.
• Program in Python; SAS/R/SQL are a plus.

Responsibilities

• Model loan forecasting components for SMA team.Data analysis and automated dashboard development.Collaborate with team on research, analytics, and process improvements.Prepare a wrap-up presentation to share accomplishments with leadership.

Skills

Adaptability

Communication

Critical thinking

Education

High School Diploma or GED

Currently enrolled in college

Pursuing Master’s degree

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!

This role is within the Treasury’s Strategic Modeling and Analytics (SMA) Team. Our mission is to design and develop pre-provision net revenue (PPNR) loan forecasting models used in bank stress testing (CCAR) and in Business as Usual (BAU) forecasting processes.

Responsibilities & Qualifications

Duties & Responsibilities

In this role, you will:

• Modeling - build one or two segments of loan forecasting models which cover total balance, commitment, unfunded, funded, attrition/runoff and prepayment model components.
• Data Analysis – Internal or External data analysis, automated in dashboard
• 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:

• 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

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.