This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/813689300. 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 Institution Internship (FII) is a paid internship that may lead to a post-graduation employment offer as a Financial Institution Specialist, a three and a half year 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.
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Overview
- Accepting applications
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Open & closing dates
10/10/2024 to 11/22/2024
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Salary
$51,262 - $57,225 per year
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Pay scale & grade
CG 04
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Locations
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Remote job
No
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Telework eligible
Yes—The FDIC offers position-specific telework options. Financial Institution Interns may be approved for Ad Hoc telework during the first 6 months of appointment, if situation warrants. Please see the Additional Information section below for more information on telework options. Telework options are subject to change.
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Travel Required
75% or less - Extensive travel may be required. Required to work at remote and multiple work sites.
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Relocation expenses reimbursed
No
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Appointment type
Internships - The applicants selected will be offered a position as a Financial Institution Intern. The anticipated start date of employment will be May 2025.
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Work schedule
Full-time - Interns are expected to work full-time during the summer months.
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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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Position sensitivity and risk
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Trust determination process
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Financial disclosure
No
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Bargaining unit status
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Announcement number
2024-DCP-FII-P0077
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Control number
813689300
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This job is open to
Clarification from the agency
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 3.25; a planned graduation date of May 2026 or later and are majoring in a certain specified field, (see Qualification Required); and are in good academic standing.
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Duties
Financial Institution Interns will be assigned to the Division of Depositor and Consumer Protection (DCP). Interns will work directly on teams with experienced FDIC employees to evaluate FIDC-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 a higher grade team member, the incumbent will participate in and/or independently perform the following:
Assesses the adequacy and determines the strength of the Compliance Management System (senior management oversight; compliance program, including the elements of policies, monitoring, and training; and audit procedures) to ensure ongoing compliance as related to the particular regulation under review. Conducts reviews and assessments of the following:
- Examine initial disclosures, periodic statements, advertisements, and other information to evaluate procedures and reviews for compliance with applicable regulations.
- Examine closed-end non-real estate credit transactions for compliance with applicable regulations.
- Review the Home Mortgage Disclosure Act loan application register for accuracy and assesses the bank's overall reporting procedures.
- Review adverse action notices for compliance, and to gain a cursory exposure to applicable lending-related regulations.
- Examine a sample of residential, consumer, commercial and/or agricultural files to determine compliance with consumer laws and regulations.
Reviews applicable regulations and examination manual to become informed about the Community Reinvestment Act (CRA).
Participates in discussing the overall examination process including evaluating the bank's Compliance Management System (senior management oversight; compliance program, including the elements of policies, monitoring, and training; and audit procedures). Asks questions to gain clarification and understanding of examination policies and procedures.
- Observes the interactions between the FDIC and Bank personnel.
- Responds to questions from other examiners regarding his/her section of the Report of Examination.
- Reviews the CRA of an institution and participates in discussion for assigning its rating.
- Prepares a summary of each performance factor describing why rating was assigned.
- With the assistance of an experience examiner, participates in meetings as appropriate.
- After the meeting, asks questions and discusses exam findings with the examiner-in-charge or higher graded team member.
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Requirements
Conditions of Employment
Applicant 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 Financial Institution Internship.
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 2025, 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 480 hours of work experience (up to 160 hours may be waived based on exceptional job performance in the position and a 3.5 overall GPA or better on a 4.0 scale; or top 10 percent standing in graduating class; or membership in a national honor society; or a letter of recommendation attesting to the student’s outstanding program performance from an instructor or program administrator); 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.
Completion of Financial Disclosure may be required.
Registration with the Selective Service.
U.S. Citizenship is required.
Minimum Background Investigation (MBI) required.
Qualifications
To be eligible applicants must:
- Be seeking a degree at an accredited college/university with a MAJOR in accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or other fields related to the position (Major should be documented in the transcript or proof of enrollment);
- Have at least a cumulative (overall) 3.25 GPA (requirement must be met before the announcement closes);
- Have completed two full academic years towards the degree (requirement must be met by the first day of employment);
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.
Education
See education requirements stated under QUALIFICATIONS
Additional information
Selectees for this position will be required to report in person to an FDIC office or financial institution at their supervisor's discretion.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
If selected, you may be required to serve a trial period.
All selectees must sign an FDIC Pathways Internship Participant Agreement.
The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 16.82% to a high of 30.41%. 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 examinations sites where public transportation may not be available.
Interns my 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.
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:
a. Loans for a primary residence are permissible. The Examiner must not participate in any examination of that institution with which he holds the primary residence loan, and a "cooling off" period is required before negotiating a loan for a primary residence from any institution the Examiner has examined.
b. No restrictions on obtaining credit cards issued under the same terms and conditions available to the public from an insured state nonmember bank either within or outside of their field office of assignment.
2. Participating in any examination, or other matter, involving an insured depository institution or any person with whom the Examiner 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 Examiner's official position.
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.
In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors.
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.
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, 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, one of 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.
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.
In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors.
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.
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: A copy of all college transcripts (an unofficial transcript is acceptable) showing:
- Classes you are currently enrolled (by the closing date of this announcement)
- 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.
Education must be from an accredited educational institution. 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 all transcripts as one document.
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.
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
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.
Agency contact information
Isaiah Williams
- Address
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Federal Deposit Insurance Corporation
FDIC Human Resources Branch
300 S Riverside Plaza
Suite 1700
Chicago, Illinois 60606
United States
Next steps
The Fair Chance Act prohibits inquiries concerning an applicant's criminal history information unless the hiring agency has made a conditional (tentative) offer of employment to the applicant. An applicant may submit a complaint, or any other information, to the agency within 30 calendar days of the date of alleged non-compliance by contacting the Federal Deposit Insurance Corporation’s Human Resources Staffing Policy and Accountability team at HRPolicyTeam@fdic.gov
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.
Fair and Transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
Help
Required Documents
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: A copy of all college transcripts (an unofficial transcript is acceptable) showing:
- Classes you are currently enrolled (by the closing date of this announcement)
- 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.
Education must be from an accredited educational institution. 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 all transcripts as one document.
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.
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
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.
Agency contact information
Isaiah Williams
- Address
-
Federal Deposit Insurance Corporation
FDIC Human Resources Branch
300 S Riverside Plaza
Suite 1700
Chicago, Illinois 60606
United States
Next steps
The Fair Chance Act prohibits inquiries concerning an applicant's criminal history information unless the hiring agency has made a conditional (tentative) offer of employment to the applicant. An applicant may submit a complaint, or any other information, to the agency within 30 calendar days of the date of alleged non-compliance by contacting the Federal Deposit Insurance Corporation’s Human Resources Staffing Policy and Accountability team at HRPolicyTeam@fdic.gov
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.
Fair & Transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
Beginning of a dialog window for the agency announcing this job. It begins with a heading 2 called "Learn more about Field Operating Offices of the Office of the Secretary of the Army". Escape will cancel and close the window.
Learn more about
Federal Deposit Insurance Corporation
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.
Agency contact information
Isaiah Williams
- Address
-
Federal Deposit Insurance Corporation
FDIC Human Resources Branch
300 S Riverside Plaza
Suite 1700
Chicago, Illinois 60606
United States