2027 Summer Intern - Quantitative Analyst (Morristown, NJ)

First Citizens Bank • Morristown, AZ

2d • Hybrid

About The Position

First Citizens Bank’s 2027 summer internship program provides development opportunities and hands-on work experience in a corporate environment. The Quantitative Analyst intern will support analysis and modeling related to CCAR and balance sheet forecasting, helping the bank assess financial risk around capital requirements and supporting Asset Liability Management and Balance Sheet Management. The role is hybrid, with work regularly taking place both inside and outside a company office.

The intern will join a dynamic team, participate in professional development, informational, networking, and community service events, and receive support from a dedicated manager and program manager. The intern will also complete a project to improve a process or solve a problem and present the results at the end of the internship, including a wrap-up presentation to the division leader and other key stakeholders.

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 for the duration of the program.
• Adaptability.
• Written and verbal communication skills.
• Critical thinking skills.

Nice To Haves

• A 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; experience with SAS, R, and SQL is optional.
• Minimum 3.0 GPA.
• Strong desire to learn and grow.
• Positive attitude, curiosity, and enjoyment of collaborating with others.
• 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, using quantitative methods to assess the impacts of macroeconomic conditions, customer behavior, and business strategy.
• Conduct statistical testing and root cause analysis to monitor model performance and attribute 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 deliver a wrap-up presentation about internship accomplishments and experience to the division leader and other key stakeholders.

Benefits

• The company describes its benefits program as competitive, thoughtfully designed, and intended to meet associates’ needs; further information is available on its benefits website.
• Total compensation for some roles may include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: High school or GED