2027 Summer Intern - Quantitative Modeling (Raleigh, NC)

First Citizens Bank•Raleigh, NC

5d•Hybrid

About The Position

This hybrid summer internship is within First Citizens Bank’s Treasury Strategic Modeling and Analytics (SMA) Team. The team designs and develops pre-provision net revenue (PPNR) loan forecasting models for bank stress testing (CCAR) and business-as-usual (BAU) forecasting. Interns apply classroom knowledge in a corporate environment, gain hands-on experience, and contribute to the bank and the communities it serves. The program includes professional development, informational and networking sessions, community service events, and guidance from a dedicated manager and program manager. Each intern is assigned a project to improve a process or solve a problem, and presents the work at the end of the internship. Internship dates are May 24, 2027, through July 30, 2027.

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.
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 an advanced degree, such as a master’s.
Programming ability in a statistical or mathematical program such as Python; SAS, R, and SQL are optional.
Minimum 3.0 GPA.
Strong desire to learn and grow.
Positive attitude, 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

Build one or two segments of loan forecasting models covering total balance, commitment, unfunded, funded, attrition/runoff, and prepayment components.
Analyze internal or external data and automate analysis in a dashboard.
Contribute to research, analytics, projects, strategy, process review and improvement, and technology enhancements and support.
Attend professional development, informational, networking, 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 to the division leader and other key company stakeholders outlining internship accomplishments and experience.