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Quantitative Analyst Intern

Quantitative Analyst Intern

First Citizens BankMorristown, NJ, United States
15 hours ago
Job type
  • Full-time
Job description

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

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

Internship dates : 5 / 27 / 2026 - 7 / 31 / 2026

Qualifications

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
  • 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

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    Quantitative Analyst • Morristown, NJ, United States