2027 Summer Intern - Quantitative Analyst (Morristown, NJ)

First Citizens Bank is hiring a summer intern to support quantitative analysis and model development for CCAR and balance sheet forecasting. The intern will analyze model performance and contribute to projects supporting financial risk management and balance sheet management.

What you'll do:

• Model Development – conduct data and modeling analysis for one or more CCAR and Balance Sheet forecasting models, by identifying the impact of macroeconomic conditions, customer behavior, business strategy using quantitative methods; this analysis helps the bank manage financial risk around capital requirements and supports the Asset Liability Management and Balance Sheet Management
• Model maintenance – conduct statistical testing and root cause analysis to monitor the performance of the model, by attributing the model performance differences to underlying assumptions and limitations of the model
• 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

What they're looking for:

• Adaptability
• Communication (Written & Verbal)
• Critical Thinking Skills
• High School Diploma or GED and 1 year of experience
• Currently enrolled at an accredited collegiate institution (during the time of the summer program)
• Specific focus of study in statistics, economics, econometrics, applied mathematics, quantitative finance or related field is preferred
• Currently pursuing an advanced degree (Master's)
• 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

Benefits:

• Hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
• Professional development sessions, informational sessions, networking and community service events.
• A dedicated manager and program manager to help you navigate the bank and the internship program.