The FDIC Pathways Recent Graduates Program is a program that targets individuals who have graduated within the last two years, or will graduate by December 31, 2016, from qualifying educational institutions or programs. All candidates must meet the eligibility requirement at the time of application. However, veterans who were unable to apply within 2 years of receiving their degree, due to a military service obligation, have a full 2-year eligibility period upon release or discharge from active duty. The eligibility period for veterans may not extend beyond 6 years of degree completion. Successful applicants will be placed in a two-year developmental program beginning August or September 2016, or March 2017. Throughout the program, you will participate in formal training, developmental job assignments and mentoring by an assigned coach to develop competencies applicable to the FDIC’s mission and needs.Learn more about this agency
Candidates selected for the Financial Institution Specialist (FIS) 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.
The salary range shown is the CG-7 FIS base salary range without the locality pay adjustment. To view the locality pay adjustments for the advertised duty locations, click here. The starting base salary for candidates selected under this announcement is generally set at $50,000, plus the locality rates for their assigned locations. The CG-7 FIS is considered an entry-level trainee position and the intention is for candidates to receive starting base salaries. In rare circumstances, the FDIC may offer a higher base salary to candidates who supply documented proof that they have earned a higher salary in a related position; however, determinations will be made on a case-by-case basis. Approved pay exceptions virtually never exceed 10% of the basic pay rate. Current FDIC employees will have their pay set in accordance with the FDIC’s internal pay setting policy.
Financial Institution Specialists perform developmental assignments and receive 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 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; and compliance with consumer protection, fair lending and civil rights laws and regulations, and the Community Reinvestment Act. These Financial Institution Specialists 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 function participate in planning and marketing for the sale of failed financial institutions and their assets; preparation of information packages and pro-forma statements; closing of failed institutions and determination of associated deposit insurance claims; oversight and management of failed institutions assets; investigation of potential receivership claims; and management of receiverships through termination.
Who May Apply
This job is open to…All United States Citizens who have graduated within the last two years, or will graduate by December 31, 2016; and have completed a qualifying associates, bachelors, masters, professional, doctorate, vocational or technical degree or certificate from a qualifying educational institution.
Job family (Series)
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/422627400. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.