2027 Summer Intern - Quantitative Analyst (Morristown, NJ)

First Citizens Bank • Morristown, NJ

8h • Hybrid

About The Position

The 2027 Summer Intern – Quantitative Analyst role at First Citizens Bank is a hybrid internship based in Morristown, New Jersey. The intern will apply classroom knowledge in a corporate environment while contributing to the Bank and the communities it serves. The program provides hands-on work experience, development opportunities, and exposure to research, analytics, projects, strategy, process improvement, and technology enhancements and support.

The intern will conduct data and modeling analysis for one or more CCAR and Balance Sheet forecasting models. This work includes using quantitative methods to assess the effects of macroeconomic conditions, customer behavior, and business strategy, supporting financial risk management around capital requirements and Asset Liability Management and Balance Sheet Management. The intern will also conduct statistical testing and root-cause analysis to monitor model performance and attribute performance differences to underlying assumptions and model limitations.

Interns attend professional development, informational, networking, and community service events, and receive support from a dedicated manager and program manager. The intern will complete a project to improve a process or solve a problem and present the project and internship accomplishments to the division leader and other key stakeholders.

Requirements

• High school diploma or GED.
• At least 1 year of experience.
• Currently enrolled at an accredited collegiate institution during the summer program.
• Ability to work 40 hours per week for the duration of the program.
• Adaptability.
• Written and verbal communication skills.
• Critical thinking skills.

Nice To Haves

• Focus of study in statistics, economics, econometrics, applied mathematics, quantitative finance, or a related field.
• Currently pursuing a master's degree.
• Ability to program in Python; SAS, R, and SQL are optional.
• Minimum 3.0 GPA.
• Strong desire to learn and grow.
• Positive attitude, natural curiosity, and enjoyment of collaboration.
• Ability to multitask.
• Ability to adapt and adjust priorities based on business needs.
• Ability to take direction and absorb information quickly.

Responsibilities

• Conduct data and modeling analysis for one or more CCAR and Balance Sheet forecasting models.
• Use quantitative methods to analyze the impacts of macroeconomic conditions, customer behavior, and business strategy.
• Support financial risk management related to capital requirements and Asset Liability Management and Balance Sheet Management.
• Conduct statistical testing and root-cause analysis to monitor model performance.
• Attribute model performance differences to underlying assumptions and model limitations.
• Contribute to research, analytics, projects, strategy, process review and improvement, and technology enhancements and support.
• Attend professional development sessions, informational sessions, networking events, and community service events.
• Complete an assigned project designed to improve a process or solve a problem, and present it at the close of the internship.
• Prepare and share a wrap-up presentation outlining internship accomplishments and experience with the division leader and other key stakeholders.

Benefits

• The internship program offers development opportunities and hands-on work experience.
• Interns have a dedicated manager and program manager.
• The compensation package may include variable incentives, bonuses, benefits, and/or other awards, as outlined in the offer of employment.
• First Citizens Bank offers a benefits program; details are available on its benefits website.

What This Job Offers

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