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

Specifically, you will be part of the Bank's Modeling & Analytics team. The internship will provide the opportunity to work on tier 1&2 models that are being used at the Bank. Below are some of the areas that will be the focus of the internship.

Skills to be applied and strengthened,
Coding (Python/R): write model development code and test cases in the sandbox environment
SQL: query the data for model development, testing, and other analyses
Excel: perform supporting analyses and summarize modeling results
Critical thinking and problem solving: overcome issues like lack of data or constraints like model interpretability
Communication: communicate with other teams and stakeholders to resolve the issues and present the results

Knowledge to be expanded,
Domain knowledge: credit risk modeling, banking products and operations
Real-life model development: how banking operations and regulations impact a model's development requirements
Model development lifecycle: all the systems and stakeholders involved in the life of a model from when it was developed to when it was deployed in production environment.
People to be connected with,
Opportunity to connect and work with a team of modeling experts with graduate degrees in mathematics, finance, economics, and data science and experiences from top-tiers market research firms, academic institutions, and management consulting companies.

Internship dates: 5/28/2025 - 8/01/2025

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:

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

Knowledge of Python, SQL, and Excel that has been applied to actual projects, in school or at work.
Undergraduate degree with relevance working experiences, or master's degree candidate (to finish year 1 at the start of the internship), in Financial Engineering, Statistics, Applied Mathematics, Economics, Data Science, and other domains that support the training of required skills.

Highly self-sufficient (proactive, independent, and resourceful) while being a good team player (collaborative, open-minded, responsible, and accountable)

Prior work experience as a modeling/quantitative analyst or consultant, especially in the financial service industry
Proficient in Python, SQL, and Excel
Knowledge of credit risk modeling (CECL)
Strong desire to learn and grow

The base pay for this position is generally between $22.44 and $34.32. 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.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits.