Corporate Intern - Model Risk Management/Model Governance

First Citizens Bank • Raleigh, NC

6d

About The Position

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!
As part of Model Risk Management, with a specific focus on Model Governance, this opportunity offers hands-on exposure to how financial institutions manage, govern, and oversee models used across the bank for decision-making, risk management, and regulatory compliance (e.g., SR 11-7).
The intern will work closely with experienced Model Risk professionals and gain insight into regulatory expectations, internal governance frameworks, and cross-functional collaborations with business partners.
What You’ll Gain
Practical experience in a critical risk function within a regulated financial institution.
Exposure to banking models and regulatory expectations (e.g., SR 11-7, model governance best practices).
Development of analytical, documentation, and professional communication skills.

Requirements

• 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

Nice To Haves

• Currently pursuing a Bachelor’s degree in Business Administration, Finance, Economics, Mathematics, Statistics, Data Analytics, Risk Management, or a related field
• Proficiency in Microsoft Excel, PowerPoint, and Word.
• Proficiency with data visualization tools (e.g., PowerBI, Tableau, PowerApps, etc.)
• 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

Responsibilities

• Support the Model Governance team in maintaining and enhancing the bank’s model inventory and governance documentation.
• Assist with tracking model lifecycle activities, including validations, annual reviews, and change management.
• Help prepare reports, dashboards, and materials for internal reporting.
• Review documentation for completeness and alignment with Model Risk Management Policy and Standards.
• 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.

Benefits

• 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.

What This Job Offers

• Career Level: Intern
• Education Level: High school or GED