The FDIC's Financial Management Scholars Program (FMSP) is a paid internship that may lead to a post-graduation employment offer in the FDIC's Corporate Employee Program (CEP), a 3-4 year training program leading to professional certification as a commissioned bank examiner or resolutions and receiverships specialist. 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.Learn more about this agency
Scholars will be placed, based on their availability, in one of two sessions scheduled to run from May 15, 2017 - August 4, 2017, or June 12, 2017 - August 25, 2017. Scholars will attend a one-week orientation session in Washington, DC, followed by an on-the-job training assignment working out of one of the FDIC's field offices. Scholars will return to Washington, DC during the last week of the program to share their experiences and participate in a skills assessment process.
Candidates selected will be initially offered a temporary position not-to-exceed 10/14/2017. Scholars who receive and accept employment offers at the end of the FMSP will have their temporary appointments extended at the discretion of the FDIC. Scholars entering the CEP will be non-competitively converted to a term appointment as a Financial Institution Specialist (FIS) (contingent upon completing at least 640 hours of work experience acquired through the internship, prior to their graduation, completion of their degree requirements, and fullfillment of the qualification standards for the FIS position and other requirements as specified in the FDIC Internship Program Participant Agreement). Upon successful completion of the CEP training program, FIS's may be non-competitively converted to a permanent appointment with the FDIC. However, service in the FDIC FMSP confers no right to futher employment in the competitive or excepted service.
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.
Occasional travel - Occasional Travel may be required.
Who May Apply
This job is open to…All United States citizens who are enrolled at least half-time as students in an accredited 4-year college or university who will have completed their junior year in college when they enter the program, with a planned graduation date between December 2017 and December 2018; have a current overall GPA of at least 3.25; are majoring in certain specified fields (see Qualifications Required); and are in good academic standing as determined by their institutions.
Job family (Series)
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/450928600. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.