Summer Intern – Quantitative Analyst

First Citizens Bank

. Analyze the bank’s portfolio of swaps and vanilla options in rates and foreign exchange .

Posted 10/22/2026internshipRaleigh • North Carolina • United StatesEntry LevelWebsite

Core Competencies

Role fit

Core Competencies

Use this summary to align your resume positioning with the role.

Demonstrates strong analytical capabilities in evaluating financial instruments such as swaps and options, with a focus on quantitative methods and programming skills in Python. Effective in presenting findings and contributing to process improvements within a collaborative team environment.

Highest-signal resume keywords

Quantitative AnalysisProgramming In PythonKnowledge Of Probability TheoryExperience With SQLCritical Thinking

ATS Keywords

Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills

Quantitative AnalysisProbability TheoryStochastic ProcessesStochastic Differential EquationsPartial Differential EquationsNumerical AnalysisOptimization TheoryProgramming In PythonSQLQuantLib

Soft Skills

AdaptabilityWritten CommunicationVerbal CommunicationCritical ThinkingMultitasking

Tools & Technologies

QuantLibOpen-Source Risk Engine

Industry Keywords

SwapsVanilla OptionsMark-To-MarketGreeksPortfolio Analysis

Tech Stack

Tools & technologies

PythonSQL

About the role

Key responsibilities & impact

Analyze the bank’s portfolio of swaps and vanilla options in rates and foreign exchange
Benchmark analytics such as mark-to-market and Greeks on the portfolios
Provide rationale for possible extensions to the bank’s existing model inventory
Use existing systems to cross-check and validate production results
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 to improve a process or solve a problem
Present the assigned project at the close of the internship
Prepare and deliver a wrap-up presentation to the division leader and key company stakeholders

Requirements

What you’ll need

High School Diploma or GED and 1 year of experience
Currently enrolled at an accredited collegiate institution during the summer program
Ability to work 40 hours per week for the duration of the program
Student pursuing a Master’s (MS/MSc) or Doctoral (PhD) degree with a quantitative focus is preferred
Quantitative focus in mathematics, physics, statistics, engineering, or operations research is preferred
Knowledge of probability theory and stochastic processes, stochastic differential equations, partial differential equations, numerical analysis, and optimization theory is preferred
Programming experience in Python is preferred
SQL experience is nice-to-have
QuantLib or Open-Source Risk Engine experience is a bonus
Minimum 3.0 GPA is preferred
Adaptability
Written and verbal communication skills
Critical thinking skills
Ability to multitask
Ability to adjust priorities based on business needs
Ability to take direction and absorb information quickly

Benefits

Comp & perks

Summer internship program with development opportunities and hands-on work experience
Professional development sessions
Informational sessions
Networking events
Community service events
Dedicated manager and program manager
Assigned project with opportunity to present outcomes to division leaders and key stakeholders
Competitive, thoughtfully designed, quality benefits program (specific benefits available at the employer's benefits website)