First Republic Bank

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Quantitative Analyst Intern

Quantitative Analyst Intern

Job Locations 
US-CA-San Francisco

More information about this job


Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action.


First Republic’s Finance team works collaboratively with business, credit, and technology teams to generate and explain data-driven insights. The team is seeking an intern that will help the bank’s leadership maximize the value of our data to make informed decisions, manage risks, service clients and capitalize on competitive opportunities.


The ideal candidate has a broad skill-set in areas like statistics, math, computer programming, and quantitative modeling. Background or experience in banking is a plus, but not required as long as the candidate possesses a strong curiosity for and ability to quickly learn and assimilate new skills as needed. Candidates must have an attitude of getting things done and delivering results. To supplement these sophisticated analytical capabilities, candidates need to have solid business acumen and good communication.


A few example projects relevant to the position are:

  • Develop predictive models that estimate probability of default (PD), loss given default (LGD), and exposure at default (EAD) for each individual loan in the bank’s balance sheet
  • Perform regression diagnostics like stationarity, residual correlation, heteroskedasticity, normality of residuals, multi-collinearity, highly influential observations
  • Extract transaction data, conduct exploratory data analysis, and address common data issues like poor data quality, missing and extreme values
  • Create management reports using SQL, Excel, and Power-Point
  • Document analysis, processes, and results for model validators
  • Summarize insights and present key findings to management



  • Degree or extensive coursework in analytics, computer science, statistics, engineering, applied mathematics, economics, finance or a related field
  • Relevant experience working on computer programming, analytics, or quantitative modeling
  • Banking experience is a plus but a candidate that can clearly articulate the transferability of out of industry skills will be considered
  • Ability to work effectively in both a team environment and independently, both with internal and external (partner) resources
  • Excellent communication skills, both verbal and written
  • Statistical skills and programming experience with languages like R
  • Ability to work with large databases and write queries using SQL
  • The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
  • Vision must be sufficient to read data reports, manuals and computer screens.
  • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
  • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
  • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
  • Must be able to travel as position requires.
  • May be required to lift up to 15 lbs.


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