2027 Summer Intern - Quantitative Analyst (Morristown, NJ)

Overview This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.   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! Responsibilities & Qualifications Duties & Responsibilities    In this role, you will:     • 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     Position Specific Skills:    • Adaptability   • Communication (Written & Verbal)   • Critical Thinking Skills        Required qualifications:    • 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      Preferred qualifications: • Specific focus of study in statistics, economics, econometrics, applied mathematics, quantitative finance or related field is preferred • Currently pursuing an advanced degree (Master’s) • Ability to program in statistical/mathematical program in Python, optional in SAS, R and SQL • 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 Additional Information The base pay for this position is generally between $21.51/hour and $32.89/hour. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.   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 [link in the portal] .