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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. Required to work at remote and multiple work sites. Internships – The applicants selected will be offered a position as a Financial Institution Intern.

The anticipated starting date of employment will be May or June Full-time – Interns are expected to work full-time during the summer months.

Citizens, Nationals or those who owe allegiance to the U. Applicants enrolled as students in an accredited 4-year college or university, 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.

Interns 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.

Applicants must be in good academic standing with at least a cumulative overall 3. Registration with the Selective Service. Employment Conditions. The starting date of employment is expected to be approximately May or June To be eligible for conversion to the Financial Institution Specialist FIS position, interns must complete hours of work experience up to hours may be waived based on successful performance in the position and a 3.

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 qualify at the CG-4 level, applicants must have completed 2 full academic years of post-high school study or associate’s degree.

The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 6. 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.

Certain stipulations apply. Relocation expenses will not be paid. Interns will be responsible for their own travel expenses to the duty location where they are appointed. To read about your rights and responsibilities as an applicant for Federal employment, click here. Financial Institution Examiners must comply with Section 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.

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. 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. Performing any service for compensation with any bank, or for any officer, director, or employee thereof, or for any person connected therewith.

Disclosing any confidential information from a bank examination report except as authorized by law. Soliciting or accepting any gift from a prohibited source or because of the Examiner’s official position.

A career with the U. 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.

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. Basic knowledge of accounting, finance, economics, or business-related concepts and principles. Ability to obtain and analyze information and data from various sources and develop conclusions and recommendations.

Ability to deal with a variety of individuals and possible conflicting situations interpersonal skills. Applicants who meet the basic eligibility and qualification requirements and have submitted all required documents may be scheduled for a telephone or MS Teams interview. At the time of interview, you will need to ensure that you have two references which need to be a current or past professor or a faculty member at your college or university who has a personal knowledge of your qualifications.

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:. A cover letter explaining why you are interested in this position, how your background i. A resume by the closing date of this announcement. Note: Your resume should include your graduation date or anticipated graduation date to include month and year, and major field of study. If you are not a student enrolled in the current semester, you must submit proof of enrollment in the upcoming semester i.

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. Education must be accredited by an accrediting institution recognized by the U. Department of Education in order for it to be credited towards qualifications. 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. 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 noon local time on the closing date.

You have until p. ET Eastern Time on the closing date of this announcement to complete the application process. You are limited to selecting only 3 location s listed for which you would like to be considered. Applicants need to select their location preference. Only select the location s in which you can report to and travel from during the summer. This position requires you to work at multiple locations within the geographic area.

The Federal hiring process is set up to be fair and transparent. Please read the following guidance. Vacancy No. Job Description Please follow all instructions carefully Summary 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.

Champaign, IL 1 vacancy. Springfield, IL 1 vacancy. Indianapolis, IN 1 vacancy. Columbus, OH 1 vacancy. This job is open to The public U. Clarification from the agency Applicants enrolled as students in an accredited 4-year college or university, 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.

Procedures and accounting for overdrafts, prepaid expenses, and other miscellaneous assets. Fixed asset accounts and assists in the assessing of the adequacy of related insurance coverage.

Depreciation entries both on the general ledger and for income tax purposes. Adequacy of fidelity and other indemnity protection. Assists in evaluating the adequacy of the insured depository institution procedures and internal routine controls Assists in the preparation of information requisite to a thorough analysis of the earnings of an institution. Prepares drafts of schedules, exhibits, and comments for inclusion in the completed report of examination.

Participates in other phases of an examination as assigned. Performs functions related to the insured depository institution examination work to include: Conducting audit test checks on income and expense accounts Computing capital ratios Reconciling capital accounts Reviewing liquidity including the analysis of fluctuations in loans, securities, deposits, and borrowings Verifying securities and other investments borrowings and other liabilities, and assigned collateral, pledged assets, and safe keeping items.

Reconciling cash. Requirements Conditions of Employment Applicants must be in good academic standing with at least a cumulative overall 3.

 
 

 

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The candidates selected will engage primarily in bank examinations. 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. Required to work at remote and multiple work sites.

Internships – The applicants selected will be offered a position as a Financial Institution Intern. The starting date of employment will be May or June Full-time – Interns are expected to work full-time during the summer months.

Citizens, Nationals or those who owe allegiance to the U. Applicants who are enrolled at least half-time as students in an accredited 4-year college or university who have completed at least the sophomore year in college when they enter the program; have a cumulative overall GPA of at least 3. 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.

Applicants must be in good academic standing with at least a cumulative overall 3. Registration with the Selective Service. Employment Conditions. The starting date of employment is expected to be approximately May or June To be eligible for conversion to the Financial Institution Specialist FIS position, interns must complete hours of work experience up to hours may be waived based on successful performance in the position and a 3.

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 qualify for the CG-4 grade level, applicants must have completed two full academic years toward a degree. The range of pay shown includes base pay plus supplemental locality adjustments.

The locality rates for these duty locations range from a low of 6. 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.

Certain stipulations apply. Relocation expenses will not be paid. Interns will be responsible for their own travel expenses to the duty location where they are appointed. To read about your rights and responsibilities as an applicant for Federal employment, click here.

Financial Institution Examiners must comply with Section 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.

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. 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.

Performing any service for compensation with any bank, or for any officer, director, or employee thereof, or for any person connected therewith. Disclosing any confidential information from a bank examination report except as authorized by law. Soliciting or accepting any gift from a prohibited source or because of the Examiner’s official position. A career with the U.

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. 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. Ability to obtain and analyze information and data from various sources and develop conclusions and recommendations. Ability to deal with a variety of individuals and possible conflicting situations interpersonal skills. 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.

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:. A cover letter explaining why you are interested in this position, how your background i.

A resume by the closing date of this announcement. Note: Your resume should include your graduation date or anticipated graduation date to include month and year, and major field of study. If you are not a student enrolled in the current semester, you must submit proof of enrollment in the upcoming semester i.

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.

Education must be accredited by an accrediting institution recognized by the U. Department of Education in order for it to be credited towards qualifications. 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.

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 noon local time on the closing date.

You have until p. ET Eastern Time on the closing date of this announcement to complete the application process. Applicants need to select their location preference. Only select the location s in which you can report to and travel from during the summer. This position requires you to work at multiple locations within the geographic area. The Federal hiring process is set up to be fair and transparent.

Please read the following guidance. Vacancy No. Job Description Please follow all instructions carefully Summary The candidates selected will engage primarily in bank examinations. Indianapolis, IN 1 vacancy. Columbus, OH 1 vacancy. This job is open to The public U. Clarification from the agency Applicants who are enrolled at least half-time as students in an accredited 4-year college or university who have completed at least the sophomore year in college when they enter the program; have a cumulative overall GPA of at least 3.

Also, conducts reviews and assessments of the following: Examines initial disclosures, periodic statements, advertisements, and other information to evaluate procedures and reviews for compliance with applicable regulations.

Examines closed-end non-real estate credit transactions for compliance with applicable regulations. Reviews the Home Mortgage Disclosure Act loan application register for accuracy and assesses the bank’s overall reporting procedures. Reviews adverse action notices for compliance, and to gain a cursory exposure to applicable lending-related regulations.

Examines a sample of residential, consumer, commercial and agricultural files to determine compliance. Reviews applicable regulations and examination manual to become informed about the 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 polices, monitoring, and training; and audit procedures.

Asks questions to gain clarification and understanding of examination policies and procedures. Reviews the CRA of an institution and participates in discussions for assigning its rating. Prepares a summary of each performance factor describing why rating was assigned.

With the assistance of an experienced examiner, participates in meetings as appropriate. After the meeting, asks questions and discusses exam findings with examiner-in charge or higher graded team member. Requirements Conditions of Employment Applicants must be in good academic standing with at least a cumulative overall 3. Citizenship is required. Qualifications To qualify for the CG-4 grade level, applicants must have completed two full academic years toward a degree.