This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/749940900. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
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Summary
The Financial Management Scholars Program (FMSP) 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 professional certification as a commissioned Financial Institution Examiner.
Please see the Clarification from Agency and Additional Information sections below for more information on telework options.
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Overview
- Job closed
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Open & closing dates
09/19/2023 to 09/25/2023
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Salary
$46,625 - $62,777 per year
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Pay scale & grade
CG 04
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Locations
Additional locations are listed below.
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Remote job
No
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Telework eligible
Yes—The FDIC offers position-specific telework options. Please see the Additional Information section below for more information. Telework options are subject to change.
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Travel Required
75% or less - Very frequent overnight travel, up to 4 nights per week (most locations).
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Relocation expenses reimbursed
No
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Appointment type
Internships - Appointment NTE October 19, 2024. May be extended at management's discretion.
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Work schedule
Full-time - Excepted Service
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Service
Excepted
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Promotion potential
04
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Job family (Series)
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Supervisory status
No
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Security clearance
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Drug test
No
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Announcement number
2023-FMSHQ-0042
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Control number
749940900
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This job is open to
Clarification from the agency
All United States citizens who are enrolled at least half-time in an accredited bachelor's degree program and will have completed their junior year in college when they enter the program, with a planned graduation date between December 2024 and December 2025; have a current overall GPA of at least 3.25; are majoring in certain specified fields (see Qualifications Required); and are in good academic standing as determined by their institutions. See "Additional Information" for telework options.
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Duties
Financial Management Scholars (FMS) will be assigned to the Division of Risk Management Supervision (RMS). FMS will work directly on teams of experienced FDIC employees to evaluate bank operations, business planning, and risk management strategies. These teams are responsible for assessing financial institutions to determine whether they are following safe and sound banking practices, maintaining effective internal controls and procedures, managing their institutions effectively, and complying with all applicable laws and regulations. Under the direction and supervision of an Examiner or Assistant examiner of higher grade, FMS will also:
- Consolidate Reports of Conditions and Income.
- Review accounts for overdrafts, prepaid expenses, and other miscellaneous assets.
- Assist in assessing the adequacy of related insurance coverage.
- Review adequacy of fidelity and other indemnity protection.
- Assist in evaluating the adequacy of the insured depository institution procedures and internal routine controls.
- Assist in the preparation of information requisite to a thorough analysis of the earnings of an institution.
- Prepare drafts of schedules, exhibits, and comments for inclusion in the completed report of examination.
- Conduct audit test checks on income and expense accounts, computing and reconciling Capital Accounts and reconciling cash.
- Review liquidity including the analysis of fluctuations in loans, securities, deposits, and borrowings.
- Verify securities and other investments borrowings and other liabilities, and assigned collateral, pledged assets, and safe keeping items.
- Participate in other phases of an examination as assigned.
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Requirements
Conditions of Employment
- U.S. Citizenship
- Registration with the https://www.sss.gov.
- Very frequent overnight travel, up to 4 nights per week (most locations).
- Work at remote and/or multiple work sites.
- Must successfully pass a background investigation.
Applicants must be in good academic standing with at least a cumulative (overall) 3.25 GPA and maintain a cumulative 3.25 GPA throughout the duration of the FMSP.
Qualifications
To be qualified, you must be enrolled at least half-time in a bachelor's degree program at an accredited college or university; and must have completed your junior year of college prior to entering the program, have a current overall GPA of at least 3.25, with a planned graduation date between December 2024 and December 2025.
You must be majoring in accounting, banking, commercial or banking law, economics, business administration, marketing, finance, or other fields related to the position.
To be eligible for conversion to the Financial Institution Specialist (FIS) position in the competitive service upon completion of the internship, you 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 target position, which includes six (6) semester hours in accounting coursework; meet the requirements of the FDIC Pathways Participant Agreement; and successfully complete various skills assessments. Service in the FMSP confers no right to further employment. The promotion potential if converted is CG-12.
The competencies/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below:
- Basic knowledge of accounting, finance, economics, or business-related concepts and principles.
- Ability to research, interpret and evaluate data and findings.
- Ability to obtain and analyze information and data from various sources and develop conclusions and recommendations.
- Ability to work as a member of a team.
Additional information
See Vacancy Announcement.
Benefits
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
Scholars may be eligible for certain Federal employee benefits.
To find out more, click here
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
See Vacancy Announcement.
You may preview questions for this vacancy.
Benefits
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
Scholars may be eligible for certain Federal employee benefits.
To find out more, click here
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
Required Documents
As a new or existing federal employee, you and your family may have access to a range of benefits. Your benefits depend on the type of position you have - whether you're a permanent, part-time, temporary or an intermittent employee. You may be eligible for the following benefits, however, check with your agency to make sure you're eligible under their policies.
See Vacancy Announcement.
If you are relying on your education to meet qualification requirements:
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.
How to Apply
Click Here for information on the Financial Management Scholars Program and to access the vacancy announcement for instructions on how to apply.
Agency contact information
FMS HRB
- Address
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Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Farifax Drive
HRB (PA-1730-5007)
Arlington, Virginia 22226
United States
Next steps
See Vacancy Announcement.
Fair and Transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
Additional Locations
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Los Angeles, CA 1 vacancy
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Orange, CA 1 vacancy
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San Francisco, CA 1 vacancy
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Windsor, CT 1 vacancy
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Sunrise, FL 1 vacancy
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Tampa, FL 1 vacancy
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Albany, GA 1 vacancy
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Atlanta, GA 1 vacancy
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Mount Vernon, IL 1 vacancy
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Cedar Rapids, IA 1 vacancy
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Des Moines, IA 1 vacancy
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Sioux City, IA 1 vacancy
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Baton Rouge, LA 1 vacancy
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Shreveport, LA 1 vacancy
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Lexington, MA 1 vacancy
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Minneapolis, MN 1 vacancy
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Jackson, MS 1 vacancy
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Columbia, MO 1 vacancy
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Kansas City, MO 1 vacancy
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Saint Louis, MO 1 vacancy
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Billings, MT 1 vacancy
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Omaha, NE 1 vacancy
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Concord, NH 1 vacancy
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Albuquerque, NM 1 vacancy
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Charlotte, NC 1 vacancy
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Raleigh, NC 1 vacancy
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Fargo, ND 1 vacancy
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Oklahoma City, OK 1 vacancy
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Portland, OR 1 vacancy
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Sioux Falls, SD 1 vacancy
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Knoxville, TN 1 vacancy
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Nashville, TN 1 vacancy
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Austin, TX 1 vacancy
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Dallas, TX 1 vacancy
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Houston, TX 1 vacancy
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Lubbock, TX 1 vacancy
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Salt Lake City, UT 1 vacancy
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Richmond, VA 1 vacancy
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Seattle, WA 1 vacancy
Help
Required Documents
See Vacancy Announcement.
If you are relying on your education to meet qualification requirements:
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.
Help
Learn more about this agency
How to Apply
Click Here for information on the Financial Management Scholars Program and to access the vacancy announcement for instructions on how to apply.
Agency contact information
FMS HRB
- Address
-
Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Farifax Drive
HRB (PA-1730-5007)
Arlington, Virginia 22226
United States
Next steps
See Vacancy Announcement.
Fair & Transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
Additional Locations
-
Los Angeles, CA 1 vacancy
-
Orange, CA 1 vacancy
-
San Francisco, CA 1 vacancy
-
Windsor, CT 1 vacancy
-
Sunrise, FL 1 vacancy
-
Tampa, FL 1 vacancy
-
Albany, GA 1 vacancy
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Atlanta, GA 1 vacancy
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Mount Vernon, IL 1 vacancy
-
Cedar Rapids, IA 1 vacancy
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Des Moines, IA 1 vacancy
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Sioux City, IA 1 vacancy
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Baton Rouge, LA 1 vacancy
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Shreveport, LA 1 vacancy
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Lexington, MA 1 vacancy
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Minneapolis, MN 1 vacancy
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Jackson, MS 1 vacancy
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Columbia, MO 1 vacancy
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Kansas City, MO 1 vacancy
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Saint Louis, MO 1 vacancy
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Billings, MT 1 vacancy
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Omaha, NE 1 vacancy
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Concord, NH 1 vacancy
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Albuquerque, NM 1 vacancy
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Charlotte, NC 1 vacancy
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Raleigh, NC 1 vacancy
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Fargo, ND 1 vacancy
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Oklahoma City, OK 1 vacancy
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Portland, OR 1 vacancy
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Sioux Falls, SD 1 vacancy
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Knoxville, TN 1 vacancy
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Nashville, TN 1 vacancy
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Austin, TX 1 vacancy
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Dallas, TX 1 vacancy
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Houston, TX 1 vacancy
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Lubbock, TX 1 vacancy
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Salt Lake City, UT 1 vacancy
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Richmond, VA 1 vacancy
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Seattle, WA 1 vacancy
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Learn more about
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of 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.
The FDIC has been ranked as one of the best places to work among mid-sized agencies in the Federal Government for the past seven years.
Agency contact information
FMS HRB
- Address
-
Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Farifax Drive
HRB (PA-1730-5007)
Arlington, Virginia 22226
United States