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

Job Title:Financial Management Scholars Program - Pathways Internship Student Trainee

Agency:Federal Deposit Insurance Corporation

Job Announcement Number:2012-HQ-0056

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

The contents of the announcement can still be viewed.

SALARY RANGE:

$37,171.00 to $49,808.00 / Per Year

OPEN PERIOD:

Tuesday, November 06, 2012 to Friday, February 08, 2013

SERIES & GRADE:

CG-0599-04

POSITION INFORMATION:

Excepted Service - Summer 2013

PROMOTION POTENTIAL:

04

DUTY LOCATIONS:

1 vacancy - Montgomery, ALView Map
2 vacancies - Phoenix, AZView Map
2 vacancies - Los Angeles, CAView Map
2 vacancies - San Francisco, CAView Map
1 vacancy - Denver (Greenwood Village), COView Map
More Locations  (36)

WHO MAY APPLY:

All United States citizens who are enrolled at least half-time as students in an accredited 4-year college or university with a major in economics, business administration, finance, accounting, or a related field; will have completed their junior year in college when they enter the program, with a planned graduation date in December 2013 or later; have a current overall GPA of at least 3.25; and are in good academic standing as determined by their institutions.

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 in the Federal Government.

The FDIC's Financial Management Scholars Program is a 10-week paid summer internship program. The program will run from May 28, 2013 - August 2, 2013. Program participants will attend a one-week orientation session in Washington, DC, followed by an eight-week on-the-job training assignment working out of one of the FDIC's field offices (41 possible internship locations are available nationwide). Participants will return to Washington, DC during the last week of the program to share their experiences and participate in a skills assessment process. At the end of the program, some program participants will receive post-graduate employment offers with the FDIC (contingent upon successful completion of their academic studies).  The FDIC seeks applicants with strong analytical and quantitative skills, knowledge of the basic principles of accounting and finance; the ability to communicate effectively both verbally and in writing, the ability to work both independently and in teams, and an interest in public service.

Applicants may be considered for internships at up to five locations.  The annual salary includes a base pay component and a locality pay adjustment that varies by location. 

KEY REQUIREMENTS

  • Must be a U.S. citizen.
  • Must be registered with Selective Service (males born after Dec 31,1959).

DUTIES:

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Most Scholars will work directly on teams of experienced FDIC employees to evaluate bank operations, business planning, risk management strategies, and consumer protection practices during a period in which banks are still recovering from the stress of the recent financial crisis.  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, including those relating to consumer protection, privacy, community reinvestment, and fair lending.  A small number of Scholars will participate in the closing and sale of failing financial institutions or the management of the ensuing receiverships and their assets.


QUALIFICATIONS REQUIRED:

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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 with a planned graduation date in December 2013 or later.

You must have a major in accounting, finance, economics, business administration, or a related field.

You must have an overall cumulative GPA of 3.25 (documentation required prior to beginning work).


All interns are required to sign the FDIC Internship Program Participant Agreement.

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

HOW YOU WILL BE EVALUATED:

Your complete application (on-line assessment questionnaire, resume, cover letter, transcript, and letter of reference) will be reviewed to determine whether you meet the qualification requirements outlined in this announcement.  Top-ranked candidates will be scheduled for a telephone interview during the second half of February.

If you rated yourself higher than what is supported by your resume, your overall qualifications assessment may be adversely affected.

Applicants who are eligible for veterans’ preference will have selection priority over other applicants.


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.



OTHER INFORMATION:

Extensive travel may be required. Bank examinations are conducted on-site at banks, sometimes at great distance from the FDIC office. Scholars are reimbursed for travel expenses, but are responsible for their own transportation to bank examination sites (public transportation may not be available).

Scholars will also be responsible for providing their own housing, but will receive a $2500 stipend (in addition to bi-weekly compensation) at the beginning of the program.

If selected, Scholars will be required to serve a trial period.

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



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. You will be able to select in the on-line assessment questionnaire up to five field office locations, in order of preference, at which you would like to be considered for employment.  



REQUIRED DOCUMENTS:

To receive consideration for this position, you must submit the following in addition to answering the questions in the online assessment questionnaire:

(1) a resume

(2) a cover letter explaining why you are interested in the Financial Management Scholars Program

(3) a copy of your most recent college transcript (an unofficial transcript is acceptable); education must be from an accredited institution 

(4) a letter of recommendation from a faculty member at your college or university who is familiar with your qualifications (the letter of recommendation must be submitted separately by the faculty member)

Submitting the letter of recommendation:

In the Documents section of your application, click on "Fax" next to "Letter of Recommendation" to generate a fax cover sheet. Give the fax cover sheet to the faculty member who will write your recommendation. Instruct the faculty member to fax the cover sheet and letter of recommendation to the fax number on the cover sheet by the closing date of the announcement.

Incomplete applications will not be considered.

PREFERENCE ELIGIBLES: If you are eligible for veterans’ preference, you must include with your application a copy of the DD214 to obtain this preference.  If you are claiming veterans' preference, click here.  

AGENCY CONTACT INFO:

Dantea Mouzon
Phone: 703-562-2245
Fax: 000-000-0000
TDD: 1-800-925-4618
Email: damouzon@fdic.gov
Agency Information:
Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Fairfax Drive
VASQ-Room:D3147
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.

All complete applications received by the closing date of February 8, 2013, will be reviewed, and the top-ranked applicants will be scheduled for telephone interviews during the second half of February.  Employment offers will be made by early March 2013.

You may update your application at any time prior to the closing date of the announcement. You may also 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 - Montgomery, ALView Map
2 vacancies - Phoenix, AZView Map
2 vacancies - Los Angeles, CAView Map
2 vacancies - San Francisco, CAView Map
1 vacancy - Denver (Greenwood Village), COView Map
1 vacancy - Hartford (Rocky Hill), CTView Map
1 vacancy - Wilmington (Claymont), DEView Map
1 vacancy - Fort Lauderdale (Sunrise), FLView Map
1 vacancy - Pensacola, FLView Map
1 vacancy - Tampa, FLView Map
2 vacancies - Atlanta, GAView Map
2 vacancies - Indianapolis, INView Map
2 vacancies - Cedar Rapids, IAView Map
2 vacancies - Sioux City, IAView Map
2 vacancies - Wichita, KSView Map
1 vacancy - Elizabethtown, KYView Map
1 vacancy - Lexington, KYView Map
2 vacancies - Boston (Foxboro), MAView Map
2 vacancies - Kansas City, MOView Map
2 vacancies - Saint Louis, MOView Map
2 vacancies - Springfield, MOView Map
2 vacancies - Omaha, NEView Map
1 vacancy - Jamesburg (Middlesex County), NJView Map
1 vacancy - Albuquerque, NMView Map
1 vacancy - New York, NYView Map
1 vacancy - Charlotte, NCView Map
1 vacancy - Raleigh, NCView Map
1 vacancy - Columbus, OHView Map
1 vacancy - Oklahoma City, OKView Map
1 vacancy - Knoxville, TNView Map
1 vacancy - Memphis, TNView Map
1 vacancy - Austin, TXView Map
2 vacancies - Dallas, TXView Map
1 vacancy - Houston, TXView Map
2 vacancies - Salt Lake City, UTView Map
2 vacancies - Seattle, WAView Map
1 vacancy - Appleton, WIView Map
1 vacancy - Eau Claire, WIView Map
1 vacancy - Madison (Middleton), WIView Map
1 vacancy - Milwaukee (West Allis), WIView Map
1 vacancy - Boston (Lexington), MA

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Job Announcement Number:

2012-HQ-0056

Control Number:

330729800