2027 Summer Intern - Aerospace, Defense & Government Finance

First Citizens Bank•New York, NY

2d•Hybrid

About The Position

The Aerospace, Defense, and Government Finance (ADG) business within First Citizens Bank is a middle-market banking franchise that provides customer financing and banking solutions to clients in aerospace, defense, and government sectors in the U.S. and select foreign borrowers. ADG finances aviation asset classes through asset-backed loans and lends to U.S. government and defense borrowers through cash-flow structures secured by enterprise assets. Transactions range from $15 million to $1 billion, with ADG hold sizes up to $100 million. The Commercial Banking Intern – Summer Analyst will support financial analysis and industry research, work on live transactions, and gain exposure to industry players, lenders, investors, transaction processes, and deal execution. The program provides hands-on corporate work experience and opportunities to apply classroom knowledge. The internship runs from May 24, 2027, through July 30, 2027, and requires availability for 40 hours per week for the duration of the program. The role is hybrid, with work regularly taking place inside and outside a company office.

Requirements

High school diploma or GED and one year of experience.
Currently enrolled at an accredited collegiate institution during the summer program.
Ability to work 40 hours per week throughout the program.
Skills in partnerships and collaboration, communication (written and verbal), and critical thinking.

Nice To Haves

GPA of 3.0 or higher.
Three years of college experience (a rising senior).
Major in finance, accounting, or economics.
Strong verbal and written communication skills.
Interest in aerospace, defense, and government financing.

Responsibilities

Build cash-flow models in Excel incorporating ADG loan structures and borrower projections.
Conduct client due diligence, including company and industry analysis.
Assist with preparing internal credit memoranda.
Prepare marketing materials for potential clients and other lenders.
Work as part of a deal team on live transactions, supporting credit underwriting, portfolio management, financial analysis, and credit memorandum preparation.
Participate in internal credit approval meetings and client or customer calls, as appropriate.
Attend professional development and informational sessions, networking events, and community service events.