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Candidates selected for the Financial Institution Specialist (FIS) position will be assigned to a FDIC Field Office in the Division of Risk Management Supervision (RMS) and participate in formal classroom training, self-study, and work assignments located in and outside of the employee's official duty station in the area of bank examination.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Learn more about this agency09/20/2024 to 11/19/2024
$67,756 - $88,015 per year
CG 07
No
Yes—The FDIC offers position-specific telework options. Please see the Additional Information section below for more information. Telework options are subject to change.
Occasional travel - Overnight travel varies by location. To see the percentage of travel by location, please see "Other Information."
Yes—Relocation benefits may be provided in accordance with FDIC's General Travel Regulations.
Recent Graduates - Excepted Service 1 year appointment - Potential conversion eligibility to the Competitive Service.
Full-time
Excepted
12
No
No
Yes
2024-RMS-FIS-RG0022
810607500
All United States Citizens who have graduated within the last two years, or will graduate by June 30, 2025 and have completed a qualifying associates, bachelors, masters, professional, doctorate, vocational or technical degree (such as a Registered Apprenticeship Program, Jobs Corps, AmeriCorps, and Peace Corps or certificate from a qualifying educational institution). Veterans have up to two years to apply due to military service obligations. See "Additional Information'" section.
Financial Institution Specialists receive on-the-job and formal classroom training designed to provide practical experience in the risk management function of the FDIC.
Financial Institution Specialists participate in the assessment of financial institutions to determine the existence of unsafe and unsound practices; violations of law and regulation; the adequacy of internal controls/procedures; and the general character of management. Financial Institution Specialists also:
Must complete all training benchmarks and obtain a commission in Risk Management in order to be promoted to the CG-11 level. Those who do not complete these requirements within 3 and a half years (42 months) will be separated from employment.
Moderate Risk Position--Minimum Background Investigation (MBI) Required.
Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic, religious spiritual; community; student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
Applicants may qualify based on education, work experience, or a combination of both, as defined below:
A. Has received within the last two years, or if not already graduated, will receive by June 30, 2025, a bachelor’s degree from an accredited college or university that included the following: (a) completion of a major course of study in accounting, banking, business administration, commercial or banking law, economics, finance, marketing or other related fields; (b) completion of at least 24 semester hours of combined course work in business administration, accounting, finance, marketing, mathematics, statistics, or economics that included at least 6 semester hours in accounting; and (c) fulfillment of one or more of the requirements listed below for Superior Academic Achievement (SAA).
Superior Academic Achievement (SAA):
To qualify for SAA, applicants must have met one of the following:
a. A grade-point average of "B" (a GPA of 2.95 or higher out of a possible 4.0) for all completed undergraduate courses, or those completed in the last two years of undergraduate study.
b. A grade-point average of "B+" (a GPA of 3.45 or higher out of a possible 4.0) for all courses in your major field of study, or those courses in your major completed in the last two years of undergraduate study.
c. Rank in the upper one-third of your class in the college, university or major subdivision.
d. Membership in a national honor society (other than freshman honor societies) recognized by the Association of College Honor Societies. OR
B. Has completed within the last two years, or will complete by June 30, 2025, one academic year of graduate study at an accredited college or university in accounting, banking, business administration, commercial or banking law, economics, finance, marketing or other related fields. In addition, has completed or if not already graduated, will complete by June 30, 2025, at least 24 semester hours of combined undergraduate and graduate course work at accredited colleges or universities in business administration, accounting, finance, marketing, mathematics, statistics, or economics that included at least 6 semester hours in accounting. OR
C. If the candidate did not complete an undergraduate or graduate major in accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or other related field and/or at least 24 semester hours (or equivalent) of undergraduate and/or graduate course work in accounting, business administration, economics, finance, mathematics, statistics, and marketing that included at least 6 semester hours (or equivalent) of course work in accounting, equivalent qualifying experience may be substituted for the major and some or all of the required course work. To be creditable, experience must be at the next lower grade, i.e. at the CG-5 for the CG-7, and must demonstrate skill in gathering and analyzing financial data and interpreting balance sheets and income statements.
OR
D. Combinations of successfully completed post-high school education and experience may be used to meet total qualification requirements for the CG-07 position, as long as the education and experience demonstrates skill in gathering and analyzing financial data and interpreting balance sheets and income statements.
The competencies/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below:
You do not need to respond separately to these KSAs. Your answers to the online questionnaire and resume will serve as responses to the KSAs.
AND
SELECTIVE PLACEMENT FACTOR: In addition to meeting the qualification requirements as described above, this position has the following Selective Placement Factor:
Ability to effectively communicate in writing as evidenced by using proper grammar to compose written documents which are clear, concise, thorough, and free of spelling, grammatical, and punctuation errors.
Automated Writing Assessment: Candidates must demonstrate that they meet the Selective Placement Factor by passing an automated writing assessment. Candidates who self-assess at 85 or above on the vacancy announcement assessment questionnaire will receive notification with a link via e-mail within two weeks from the closing date of the announcement to take the automated writing assessment. Candidates will be allotted twenty-five (25) minutes to complete the assessment after clicking on the “Begin Assessment” button. Candidates will have three days to complete the assessment. The completion deadline will be indicated in the notification e-mail. Candidates must complete and pass the automated writing assessment in order to receive further consideration for this position. Candidates who fail will be deemed not qualified for failure to meet the Selective Placement Factor and will receive no further consideration for this position.
If you PASS the writing assessment, your score is valid for twelve (12) months for the entry-level FIS position within the FDIC only. If you FAIL the writing assessment, your score is valid for (6) months for the entry-level FIS position within the FDIC only. You will not be able to retake the assessment for a period of 6 months if you FAIL the assessment or 12 months if you PASS the assessment from the date you complete the assessment. You will be notified of your assessment results and your assessment retake eligibility date. Your assessment results will be used for this entry-level FIS placement opportunity and reused for future entry-level FIS job opportunities for 6 or 12 months, depending on the outcome of your assessment as previously explained. Disclaimer:This does not restrict your ability to apply to other FDIC entry-level FIS job opportunity announcements within this 6 or 12 month window; however, if you previously failed the assessment you will be found ineligible during your 6-month retake period.
PASS/FAIL outcomes on the current assessment expire in the event that the FDIC implements a change to the selection process/writing assessment.
For this job opportunity announcement: If you previously completed the automated writing assessment see "How to Apply".
Tablet/phone mobile devices do not support all features for the assessment; therefore, it is recommended that you use a desktop/laptop to complete the assessment. If you have questions about the computer requirements please contact PFhelpdesk@PDRI.com. If you wish to request a reasonable accommodation for the automated writing assessment, you must email us at FISProgram@FDIC.gov by the closing date of this announcement. If your reasonable accommodation request is submitted after the closing date of the announcement, it will be considered on a case-by-case basis as there may not be adequate time to process your request.
Reference checks are required for the Financial Institution Specialist position. Any information gathered will be considered during the hiring process in order to make selections.
Recent Graduate Eligibilty
A participant must have completed all requirements of an academic course of study leading to a qualifying associate, bachelor’s, master’s, professional, doctorate, vocational, or technical degree or certificate from a qualifying educational institution within the previous two years or completed a qualifying career or technical education program (such as a Registered Apprenticeship Program, Jobs Corps, AmeriCorps, and Peace Corps) within the previous two years.
An individual may apply for a position in the FDIC Pathways Recent Graduates Program only if the individual’s application is received not later than two years after the date the individual completed all requirements of an academic course of study leading to a qualifying associate, bachelor’s, master’s, professional, doctorate, vocational, or technical degree or certificate from a qualifying educational institution (generally this means completion of all required coursework and final exams, not upon the date the individual receives the degree or certificate) or not later than two years after the date the individual completed a qualifying career or technical education program.
Certificate programs must be equivalent to at least one academic year of full-time study that is part of an accredited college-level, technical, trade, vocational, or business school curriculum. Veterans who are precluded from applying during any portion of the two-year eligibility period due to their military service obligation have a full two-year period of eligibility upon release or discharge from active duty to apply. In no event may the period extend beyond six years from the date the veteran completed all the requirements of an academic course of study or qualifying career or technical education program.
Pay
The range of pay shown includes base pay plus supplemental locality adjustments for the duty locations listed. The locality rates for these duty locations range from a low of 16.82% to a high of 51.75%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. Click HERE to view locality rates.
TELEWORK OPTIONS ARE SUBJECT TO CHANGE. For more information on telework at the FDIC, please reference the available telework options for this position here.
Reference Checks
Reference checks are required for the Financial Institution Specialist position. Any information gathered will be considered during the hiring process in order to make selections. Reference contact information should be an official or business email address rather than a personal email address. Your reference does not have to be your current supervisor. Please be sure that all reference contact information submitted is updated and current.
Reference check process:
You will be evaluated for this job based on how well you meet the qualifications above.
You must demonstrate that you meet the Selective Placement Factor by completing and passing an automated writing assessment in order to receive further consideration for this position. If you self-assess at 85 or above on the vacancy announcement assessment questionnaire, you will receive notification with a link to the automated writing assessment. (Refer to Qualifications Section - Selective Placement Factor).
If you pass the automated writing assessment, your resume will be reviewed, including the vacancy announcement assessment questionnaire, to determine whether you meet the remaining qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, duties performed, and if the position is/was in the Federal government, the position series and grade level. If you rate yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected. This could mean that you pass the automated writing assessment, thereby demonstrating that you meet the Selective Placement Factor, but are later deemed to be "not qualified" for failure to meet the remaining qualification requirements.
If you are found qualified, you will be placed in one of several categories: Best Qualified, Well Qualified, or Minimally Qualified, based upon the degree to which your background and responses to the assessment questions match the qualification requirements of the position. Within these categories, candidates eligible for veterans' preference will receive selection priority over non-veterans.
The highest-ranked candidates for each location may be invited to a virtual hiring event to participate in a virtual interview on February 12, 2025. You may select up to 2 locations listed for which you would like to be considered. Click HERE to see the average percentage of travel days by field office location. Please note that these averages are an approximation, and actual travel requirements will vary based on a variety of factors.
FDIC provides reasonable accommodations to candidates with disabilities. If invited to interview and you need a reasonable accommodation, please notify us within three days of receiving the invitation to allow us adequate time to consider the request; however, you can make a reasonable accommodation request at any time once invited. The decision to grant a reasonable accommodation will be on a case-by-case basis.
Applicants who are invited to participate in the hiring event will receive a Microsoft Teams interview invitation no later than the Friday before the scheduled interview day.
In order to receive consideration for this position, you must submit the following documents by the closing date of this announcement in addition to answering the questions in the online assessment questionnaire:
EDUCATION DOCUMENTS: If you are using education to meet all or part of the qualification requirements, submit a copy of your college transcript (an unofficial transcript is acceptable). Education must be from accredited institutions. For a listing of accredited educational institutions, click here. An official transcript will be required if you are selected. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.
Foreign Education: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. educational program. For more information, click here.
VETERANS' PREFERENCE: If you are claiming veterans' preference, click here. If you are claiming veteran’s preference, you must submit documentation, e.g., DD-214 “Certificate of Release or Discharge from Active Duty,” which shows dates of service and discharge under honorable conditions, VA Letter, or SF-15 along with supporting documentation, or “certification” from the Armed Forces to demonstrate eligibility.
Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.
Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.
To begin, click the "Apply" button and follow the prompts. If you haven't already, register and establish a USAJOBS account. After you register online, click the "Apply" button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click "Submit Application" to complete the application process.
You must apply online. Applicants requesting an exception from the online process must contact the Human Resources Specialist or point of contact listed in this announcement prior to 12:00 p.m. ET on the closing date.
To return to your saved application, log in to your USAJOBS account and click on "Applications" tab. Click on the "Position Title," and then select "Update Application" or "Additional Application Information" to continue.
You have until 11:59 p.m. ET (Eastern Time) on the closing date of this announcement to complete the application process.
Please ensure you have completed the application process by verifying the status of your application on-line to reflect: "Received". Failure to complete the application process will result in an incomplete application and you will not be considered for the position.
For this job opportunity announcement: If you previously completed the automated writing assessment and your retake eligibility date is on or before the closing date of this announcement, you are eligible to retake the assessment and must do so as your current result (whether Pass or Fail) will not be valid on the closing date of this job opportunity announcement. If your retake eligibility date is after the closing date of this announcement, you are not eligible retake the assessment at this time, and your current result (whether Pass or Fail) will be used for this job opportunity announcement.
Selectees are expected to spend up to three and a half years (42 months) working in the duty location offered until the requirements are met to be commissioned as a bank examiner. Reassignment or transfer to a different duty location is highly unusual and will be made only in exceptional circumstances at the FDIC's complete discretion.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement, as allowed by regulation.
If selected, you will be required to serve a one year trial period.
Subject to Credit Limitations: Financial Institution Specialists must maintain the highest personal ethical standards as provided in Part 336 of the FDIC’s Rules and Regulations (Employee Responsibilities and Conduct). Financial Institution Specialists must comply with Section 3201.102 of Supplemental Standards of Ethical Conduct for FDIC Employees (5 CFR Part 3201), which, in part, prohibits them and their immediate families from accepting certain credit from State nonmember banks. All Financial Institution Specialists are prohibited from the following: 1. Obtaining a loan or a line of credit from any FDIC-insured state nonmember bank or its subsidiaries (either within or outside of the jurisdiction of the employee’s assigned field office) except a loan or line of credit secured by a primary residence issued under the same terms and conditions available to the public from an FDIC-insured state nonmember bank. Any extensions of credit held by the Specialist, the Specialist’s spouse, or any dependent children are extensions of credit to the Specialist. The Specialist must not participate in any examination of that institution which holds the primary residence loan, and a "cooling off" period may be required before negotiating a loan for a primary residence from any institution the Specialist has examined. Financial Institution Specialists may obtain and hold a credit card account established under an open end consumer credit plan and issued by an FDIC-insured State non-member bank or its subsidiaries. 2. Participating in any examination, or other matter, involving an insured depository institution or any person with whom the Specialist has an outstanding loan or line of credit. 3. Performing any service for compensation with any bank, or for any officer, director, or employee thereof, or for any person connected therewith. 4. Disclosing any confidential information from a bank examination report except as authorized by law. 5. Soliciting or accepting any gift from a prohibited source or because of the Specialist’s official position.
Please consider adding FDIC’s domain name @FDIC.gov to your safe senders list.
You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOB by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
You will be notified of the status of your application via e-mail at various points in the process. Please notify us if your contact information changes after the closing date of the announcement. Also, note that if you provide an inaccurate e-mail address or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive the automated assessment link which will affect your consideration for this position.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/810607500. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
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The Federal Deposit Insurance Corporation (FDIC) is among the most respected forces in America’s financial community. Our mission is to maintain stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions, and managing receiverships.
