Summer Quantitative Analyst Intern: Derivatives Modeling

First Citizens Bank; Raleigh (NC); On-site; USD 25,000 - 34,000; Full time

Benefits offered by this job

Benefits package

Job summary

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.

Qualifications

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

Responsibilities

• 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.

Skills

Adaptability

Communication

Critical Thinking

Education

Currently enrolled in accredited college/university

Tools

Python

SQL

QuantLib/Open-Source Risk Engine

Job description

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.