This Position Is No Longer Available
  1. Overview
  2. Duties
  3. Qualifications & Evaluations
  4. Benefits & Other Info
  5. How to Apply

Job Title:FINANCIAL INSTITUTION SPECIALIST, CG-0570A-7

Agency:Federal Deposit Insurance Corporation

Job Announcement Number:2012-HQ-B1093

This position is closed and no longer accepting online applications through USAJOBS.

The contents of the announcement can still be viewed.

SALARY RANGE:

$51,032.00 to $68,380.00 / Per Year

OPEN PERIOD:

Tuesday, September 18, 2012 to Friday, November 30, 2012

SERIES & GRADE:

CG-0570-07

POSITION INFORMATION:

Excepted Service two-year internship with potential conversion - to a Competitive Service permanent appointment.

PROMOTION POTENTIAL:

12

DUTY LOCATIONS:

1 vacancy - Phoenix, AZView Map
1 vacancy - Los Angeles, CA View Map
1 vacancy - Hartford, CTView Map
1 vacancy - Fort Lauderdale (Sunrise), FLView Map
1 vacancy - Tampa, FLView Map
More Locations  (12)

WHO MAY APPLY:

All United States Citizens who have graduated since December 27, 2010 (or will graduate by August 9, 2013) from an accredited 4-year college or university or graduate or professional school.

JOB SUMMARY:

The Federal Deposit Insurance Corporation (FDIC) is one of the most respected regulatory agencies 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 is ranked as the Number #1 Best Place to Work among Federal Government agencies by the Partnership for Public Service, based on responses to a 2011 employee survey.

The FDIC Pathways Recent Graduates Program is a program that targets individuals who have recently graduated or will graduate from qualifying educational institutions or programs. Successful applicants will be placed in a two year developmental program. Throughout the program, you will participate in formal training, job assignments and receive a mentor to develop competencies applicable to the FDIC’s mission and needs.

Specifically, candidates selected for the Financial Institution Specialist position in the FDIC Corporate Employee Program will be assigned to an FDIC Field Office and participate in an intensive training program incorporating formal classroom training, self-study, and work assignments located at and outside of the employee's official duty station. Financial Institution Specialists must complete all training benchmarks and obtain a commission as a Financial Institution Examiner in Risk Management, Compliance or Resolutions and Receivership in order to be promoted to the CG-11 level. Specialists who do not complete these requirements within 4 years will be separated from employment.

Starting Salary: 2013 starting salary for most locations is $51,032; however, higher salaries are provided in locations with a higher than average cost of living or for applicants who have earned a higher salary in a related position. Generally, the salary is set at the minimum shown. However, candidates who have earned more than the minimum rate for directly related work may request that the FDIC consider offering a higher rate within the pay range. Such requests may be made only after the candidate's selection for the position and will be considered on a case-by-case basis in accordance with the business needs of the Corporation and in consideration of the median earnings for current employees.

 

KEY REQUIREMENTS

  • U.S. Citizenship is required
  • Examiners are subject to credit limitations -
    see "Other Information."
  • This position may require very frequent overnight travel.
  • Incumbent may be relocated to any duty location to meet management needs.

DUTIES:

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The incumbent performs developmental assignments and receives on-the-job and formal classroom training designed to provide practical experience in the risk management, consumer protection/compliance, resolutions and receiverships, and deposit insurance functions of the FDIC Financial Institution Examiner. 

Financial Institution Specialists assigned to the supervision function 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; the general character of management; compliance with consumer protection, fair lending and civil rights laws and regulations, and the Community Reinvestment Act. These Financial Institution Specialists also write comments and analyses for inclusion in examination reports and meet with insured depository institution officials to discuss the findings of an examination and, if necessary, any corrective programs. Financial Institution Specialists assigned to the resolutions and receivership management functions participate in planning and marketing for the sale of failed financial institutions and their assets; the preparation of information packages and pro-forma statements; the closing of failed institutions and the determination of deposit insurance claims; oversight and management of failed institutions assets; investigation of potential receivership claims; and the management of receivership through termination. 


QUALIFICATIONS REQUIRED:

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Applicants may qualify based on education, work experience, or a combination of both, as defined below:

1. CG-7 Education-Based Qualifications Requirements: (Note: Applicants may substitute quarter or other credit hours equivalents for the semester hour requirements indicated.) 

Candidates must meet one of the following basic qualifying requirements:

A. Completion by August 9, 2013 of 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 coursework in business administration, accounting, finance, marketing, 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. Completion by August 9, 2012 of 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, completion of at least 24 semester hours of combined undergraduate and graduate coursework at accredited colleges or universities in business administration, accounting, finance, marketing, or economics that included at least 6 semester hours in accounting.

2. CG-7 Experience-Based Qualification Requirements:

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 coursework in accounting, business administration, economics, finance, and marketing that included at least 6 semester hours (or equivalent) of coursework in accounting, equivalent qualifying experience may be substituted for the major and the required coursework.  This qualifying experience must have provided the candidate with a thorough knowledge of and practical experience in one or more of the following areas:

  • Applying commercial accounting or auditing principles or practices (does not have to be full professional accounting knowledge and practice) that included gathering and analyzing financial data; interpreting balance sheets and income statements; and using a variety of software applications.
  • The operations and practices of savings and loan associations, bank cooperatives, savings or commercial banks, investment institutions, or other regulated financial institutions, including a thorough knowledge of Federal and state laws applicable to those institutions and a broad knowledge of the application of commercial accounting principles and practices.
  • Examining or auditing financial institutions, such as savings and loan associations, savings or commercial banking institutions or trust companies, farm credit associations, or Federal or state credit unions.


All Recent Graduates are required to sign the Recent Graduates Program Participant Agreement.

Moderate Risk Position--Minimum Background Investigation (MBI) Required.

 

 

HOW YOU WILL BE EVALUATED:

Your resume will be reviewed, including the online assessment questionnaire, to determine whether you meet the 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, and if the position is/was in the Federal government, the position series and grade level. If you rated yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected.  The highest-ranked candidates for each location may be invited to Washington, DC, at FDIC expense for an additional assessment of their qualifications.  


To preview questions please click here.


BENEFITS:

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In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees on a full-time work schedule. 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.

Relocation benefits may be provided in accordance with FDIC's General Travel Regulations. 



OTHER INFORMATION:

Selectees are expected to spend up to four years working in the duty location offered until the requirements are met to be commissioned as a bank examiner or resolutions and receivership specialist. Reassignment or transfer to a different duty location is highly unusual and will be made only in exceptional and rare circumstances.

To read about your rights and responsibilities as an applicant for Federal employment, click here. EEO Policy Statement click here. Reasonable Accommodation Policy Statement, 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.

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. 



HOW TO APPLY:

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To begin, click the "Apply Online" button and follow the prompts to register and establish a USAJOBS account, complete the online assessment questionnaire, and submit all required documents. Please be sure to click "FINISH" 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 "Application Status." Click on the "Position Title," and then select "Apply Online" to continue. You have until 11:59 p.m. EST (Eastern Standard Time) on the closing date of this announcement to complete the application process. Applicants may apply and be considered for only one location on this announcement (the location selected as first priority on the assessment questionnaire). Failure to select a location will render the application incomplete.



REQUIRED DOCUMENTS:

Please review the following to determine what documents are required to be submitted as part of your application. 

EDUCATION DOCUMENTS: You must submit all of your college transcripts that document all of the educational requirements for this postion (unofficial transcripts are 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 and qualifying based on education.

VETERANS' PREFERENCE: If you are claiming veterans' preference, click here. (Note: Veterans should 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.)  Preference eligible veterans who were precluded from applying due to a military service obligation may have extended time after graduation to apply for Recent Graduate opportunities.

AGENCY CONTACT INFO:

Anita Gallman
Phone: 703-562-2387
Fax: 000-000-0000
TDD: 1-800-952-4618
Email: agallman@fdic.gov
Agency Information:
Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Fairfax Drive
VASQ - Room: D3083
Arlington, VA
22226
US
Fax: 000-000-0000

WHAT TO EXPECT NEXT:

Thank you for your interest in working for the Federal Deposit Insurance Corporation. 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."

Additional Duty Location Info

1 vacancy - Phoenix, AZView Map
1 vacancy - Los Angeles, CA View Map
1 vacancy - Hartford, CTView Map
1 vacancy - Fort Lauderdale (Sunrise), FLView Map
1 vacancy - Tampa, FLView Map
1 vacancy - Atlanta, GAView Map
1 vacancy - Indianapolis, INView Map
1 vacancy - Cedar Rapids, IAView Map
1 vacancy - Saint Louis, MOView Map
1 vacancy - Omaha, NEView Map
1 vacancy - Jamesburg (Middlesex County), NJView Map
1 vacancy - Raleigh, NCView Map
1 vacancy - Cincinnati, OHView Map
1 vacancy - Knoxville, TNView Map
1 vacancy - Dallas, TXView Map
1 vacancy - Seattle, WAView Map
1 vacancy - Madison, WIView Map

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Job Announcement Number:

2012-HQ-B1093

Control Number:

326745400