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This announcement has been amended to reflect updated telework information.
The Financial Institution Internship is a paid internship that may lead to a post-graduation employment offer as a Financial Institution Specialist, a three and a half year training program leading to a professional certification as a commissioned Financial Institution Examiner.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
08/24/2023 to 02/05/2024
$46,625 - $58,219 per year
CG 04
3 vacancies in the following locations:
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.
75% or less - Extensive travel may be required. Required to work at remote and multiple work sites.
No
Internships - The applicants selected will be offered a position as a Financial Institution Intern. The anticipated starting date of employment will be May 6, 2024 or May 20, 2024.
Full-time - Interns are expected to work full-time during the summer months
Excepted
04
No
No
2023-ATLP-0039
747879100
Applicants enrolled as students in an accredited 4-year college or university at least half-time, who have completed at least the sophomore year in college upon entry to the program; have a cumulative (overall) grade point average of at least 3.0; a planned graduation date of May 2025 or later and are majoring in a certain specified field, (see Qualifications Required); and are in good academic standing.
Financial Institution Interns (FII) will be assigned to the Division of Depositor and Consumer Protection (DCP). Interns will work directly on teams with experienced FDIC employees to evaluate FDIC-insured institutions’ compliance with fair lending and consumer protection laws and regulations. These teams are responsible for assessing financial institutions to determine whether they are maintaining effective controls and procedures, managing their institutions effectively, and complying with all applicable laws and regulations, including those relating to consumer protection, privacy, community reinvestment, and fair lending. Under the direction and supervision of an Examiner or Assistant Examiner of higher grade, interns may:
Applicant must be in good academic standing with at least at a cumulative (overall) 3.0 GPA and maintain a cumulative 3.0 GPA throughout the duration of the of the Financial Institution Internship.
Registration with the Selective Service.
U.S. Citizenship is required.
Completion Of Financial Disclosure May Be Required.
Minimum Background Investigation (MBI) required
All selectees must sign an FDIC Pathways Internship Participant Agreement.
The applicants selected will be offered a position in the FDIC Pathways Internship Program. The starting date of employment is expected to be approximately May 6, 2024 or May 20, 2024 and this appointment may continue post summer as long as the incumbent remains a student. After successful completion of the program requirements and based on the FDIC’s needs, the selectees may be non-competitively converted to the Financial Institution Specialist (Compliance), CG-570-7 position in the competitive service with promotion potential to the CG-12 grade level.
To be eligible for conversion to the Financial Institution Specialist (FIS) position, interns must complete 640 hours of work experience (up to 320 hours may be waived based on successful performance in the position and a 3.5 overall GPA or membership in a national honor society); meet the OPM qualification standards for the FIS position, which includes six (6) semester hours in accounting coursework; meet the requirements of the FDIC Pathways Internship Program Participant Agreement; and successfully complete various skills assessments.
Interns being considered for conversion will complete and must pass an automated writing assessment to be eligible for a post-internship employment offer. Interns who pass the writing assessment will participate in an additional skills assessment. Interns entering the program will be non-competitively converted to a term appointment as a FIS. Upon successful completion of the program, FIS's may be non-competitively converted to a permanent appointment. Service in the FDIC Pathways Internship program confers no right to further employment in the competitive or excepted service.
To be eligible applicants must:
Submit all required documents (must be submitted by the closing date of this announcement) To view the required documents, locate the "How to Apply" tab.
See education requirements stated under QUALIFICATIONS.
Selectees(s) for this position will be required to report in person to an FDIC office or financial institution at their supervisor’s direction. TELWORK OPTIONS ARE SUBJECT TO CHANGE.
An initial cut off of November 22, 2023 has been established for application receipt for first consideration. A second consideration for application receipt will occur after the closing date.
The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 13.03% to a high of 20.22.%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. For more on FDIC locality rates, click here.
Extensive travel may be required as bank examinations are conducted on-site at banks, sometimes at great distance from the FDIC office. Interns are reimbursed for travel expenses but are responsible for their own transportation to bank examination sites where public transportation may not be available.
Interns may elect to receive a $2500 stipend (in addition to bi-weekly salary) at the beginning of the program. Certain stipulations apply. Interns are responsible for their own housing.
Relocation benefits are not authorized during the period of the internship. If conversion occurs into the Financial Institution Specialist (FIS) program, relocation benefits may be provided in accordance with FDIC policy. Interns will be responsible for their own travel expenses to the duty location where they are appointed for internship.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
Financial Institution Examiners 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 Examiners 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 Examiners are prohibited from the following:
1. Obtaining a loan or a line of credit from any insured state nonmember bank or its subsidiaries. Any extensions of credit held by the Examiner, the Examiner's spouse, or any dependent children are direct or indirect extensions of credit to the Examiner.
Exceptions:
You will be evaluated for this job based on how well you meet the qualifications above.
Your application package will be reviewed to determine if you meet the eligibility and qualification requirements outlined in this announcement. The application package must include all required supporting documents (on-line assessment questionnaire, resume, cover letter, and all transcripts). Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, the average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level.
If you meet the basic eligibility and qualification requirements and have submitted all required documents, your application package may be forwarded to the selecting official for further review and consideration based on FDIC’s needs. At the time of interview, you will need to ensure that you have two references who have personal knowledge of your qualifications, which needs to be a current or past professor or faculty member at your college or university.
Qualified applicants who are eligible for veterans’ preference will have selection priority.
Along with providing the Online Assessment Questionnaire, you must provide the following:
1. A resume (by the closing date of this announcement). Note: Your resume should include your graduation date or anticipated graduation date.
2. EDUCATION DOCUMENTS: You must submit all college transcripts (official or unofficial) showing the classes you are currently enrolled in as well as your overall cumulative GPA by the closing date of this announcement. If you are not a student enrolled in the current semester, you must submit proof of enrollment in the upcoming semester (i.e., letter from the registrar’s office or acceptance letter from an accredited educational institution). If you are a student who is enrolled in the current semester and your transcript does not show current enrollment or if you have completed the semester and your transcript does not show enrollment for the upcoming semester, you must submit proof of continued enrollment (i.e., letter from the registrar’s office or course enrollment print out, etc.). Your transcript or registrar’s letter must document the educational requirements for this position.
For a listing of accredited educational institutions, http://ope.ed.gov/accreditation/. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.
3. VETERANS’ PREFERENCE: If you are claiming veterans’ preference, click here. (Note: Veterans must submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty – or other copy showing the type of discharge/character of service [e.g., Honorable, Under Honorable Conditions, etc.] along with any other required documents (e.g., DD-214, VA Letter, SF-15, etc.) to demonstrate veterans’ preference eligibility.)
Incomplete application packages will not be considered.
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 have not 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 contact point listed in this announcement prior to 12:00 noon local time on the closing date.
To return to your saved application, log in to your USAJOBS account and click on the “Applications” tab Click on the “Position Title” and then select “Update Application” or Additional 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.
To claim veteran's preference, veterans must submit a copy of the DD214 and/or other applicable veteran's documents.
You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
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/747879100. 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.
