Navigating Internships at First Citizens Bank: Opportunities and Requirements

First Citizens Bank provides various internship programs designed to offer students and recent graduates practical experience in the banking and financial services industry. These programs aim to integrate classroom knowledge with real-world applications, fostering professional development and providing a pipeline for future talent. This article delves into the opportunities available and the overarching requirements for internships at First Citizens Bank.

Commitment to Equal Opportunity

First and foremost, First Citizens Bank operates as an Equal Opportunity Employer, ensuring that all qualified applicants receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status. This commitment underscores their dedication to building a diverse and inclusive workforce.

Background Checks and Legal Compliance

In compliance with Section 19 of the Federal Deposit Insurance Act, First Citizens Bank is prohibited from employing individuals convicted of certain criminal offenses. Consequently, offers of employment, including internships, are contingent upon a satisfactory background check. The bank conducts an individualized assessment of background and fingerprint records, considering the specific record and the duties and requirements of the particular job.

Internship Program Overview

First Citizens Bank's internship programs are designed to be more than just a job. They are comprehensive experiences aimed at developing well-rounded professionals. The paid summer internship program typically involves a commitment of 40 hours per week, providing interns with significant hands-on experience.

Key Components of the IT Internship Program

The Information Technology organization at First Citizens Bank has established a summer internship program to invest in their future workforce. This program is specifically designed to provide an opportunity for interns to apply classroom knowledge in a corporate IT environment while delivering tangible value to the organization. The program includes several key components:

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Dedicated Management: Interns are assigned to a manager who provides guidance and support on a daily basis.
Mentorship: A mentor is assigned to help facilitate a broader view of the Information Technology function.
Peer Advisor Team: A peer advisor team assists the intern in being successful with navigating organizational, political, and cultural landscapes.
Training Events: Interns participate in unique technology or banking related training events.
Networking and Team-Building: Involvement in networking and team-building events is encouraged to foster collaboration and a sense of community.
Improvement Project: Each intern is assigned a project designed to improve a defined process within the Bank’s Information Technology function, which they plan and execute during the internship.

Interns can expect to be part of a dynamic team with interesting projects. Accountabilities may include areas such as research, analytics, projects, strategy, process review and improvement, as well as technology enhancements and support. Furthermore, interns attend professional development sessions, informational sessions, networking, and community service events. They also have a dedicated program manager to help navigate the bank and the internship program, and be assigned a project, designed to improve a specific process or solve a problem that you will present at the close of the internship.

Commercial Bank Analyst Development Program (ADP)

The Commercial Bank Analyst Development Program lays a strong foundation for new analysts to learn essential finance and credit skills while also providing an understanding of the bank's business, philosophy, and culture. This program combines formal classes, online coursework, and hands-on training to prepare analysts for their roles. The foundation of ADP is the hands-on training curriculum.

Financial Services Development Associate (FSDA) Program

The Financial Services Development Associate (FSDA) Program is designed to provide a unique opportunity for recent college graduates interested in pursuing a career in financial services. This program highlights the bank's commitment to hiring talented individuals, which is seen as a key component for the success of the bank.

Application and Onboarding

The hiring process includes meeting with the hiring manager and key stakeholders. Upon selection, the bank sets a start date and completes the pre-employment steps, ensuring a smooth onboarding experience.

Benefits Programs

First Citizens benefits programs are designed to meet 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.

Work Environment

The work environment can vary depending on the role. For instance, the role at FCB's Data Center, located at 100 East Tryon Road Raleigh, NC 27603, is primarily onsite, with some work from home opportunities, but in-office days are required weekly.

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