This internship is a Not to Exceed 1 year appointment. May be extended one additional year.
This internship is will begin in the Fall/Winter 2017.
Internship opportunities are available within the Center for Financial Research Branch (CFR) and Regional Operations Branch. The CFR is engaged in research on topics important to the FDIC mission of deposit insurance, bank supervision, and resolution of failed financial institutions. The CFR research programs follow banking industry developments, risk measurement and management methods, regulatory policy and related topics.
The incumbant will physcially work in Washington, DC. Candidate(s) selected for this position must live or attend school in the local commuting area.
The applicants selected will be offered an excepted appointment not-to-exceed. After successful completion of the program requirements and based on FDIC's needs, the selectees may be non-competitively converted to a Term or Permanent position based upon an evaluation of performance, completion of at least 640 hours of work experience acquired through the Internship Program, and a skills assessment. However, service in the FDIC Internship Program confers no right to further employment in the competitive or excepted service.
Summary
This internship is a Not to Exceed 1 year appointment. May be extended one additional year.
This internship is will begin in the Fall/Winter 2017.
Internship opportunities are available within the Center for Financial Research Branch (CFR) and Regional Operations Branch. The CFR is engaged in research on topics important to the FDIC mission of deposit insurance, bank supervision, and resolution of failed financial institutions. The CFR research programs follow banking industry developments, risk measurement and management methods, regulatory policy and related topics.
The incumbant will physcially work in Washington, DC. Candidate(s) selected for this position must live or attend school in the local commuting area.
The applicants selected will be offered an excepted appointment not-to-exceed. After successful completion of the program requirements and based on FDIC's needs, the selectees may be non-competitively converted to a Term or Permanent position based upon an evaluation of performance, completion of at least 640 hours of work experience acquired through the Internship Program, and a skills assessment. However, service in the FDIC Internship Program confers no right to further employment in the competitive or excepted service.
Below is a summary of the work done in the sections within the CFR that are currently seeking interns:
The Banking Research Section is primarily responsible for academic research, short studies, policy analyses, and model development that support the FDIC's mission. Economists write academic research papers, organize research conferences, serve as discussants and chairs at conferences, and referee academic journal articles on banking economics. Staff writes internal reports on topics such as optimal bank resolution, deposit insurance pricing, bank capital regulation, and securitizations.
The Quantitative Risk Analysis Section focuses on the development of internal modeling, the evaluation of quantitative models used in the industry, and producing original economic and financial research. The economists and analysts on the team participate or lead internal modeling projects forecasting bank risk, bank resolution costs, and stress test models. Financial economists interact directly with the industry by conducting regulatory reviews of quantitative models used for estimating bank risks, including credit, market, and interest risks, as well as stress testing models. The Section also engages with the academic community be producing original research for publication in academic journals and presenting and discussing at major academic conferences.
TheRegional Operations Branch identifies, analyzes, monitors, and communicates emerging risks, with a focus on local economies and banks. Economists and financial communicate analytical results to policymakers, senior management, and other stakeholders.
Registration with the <a href="http://www.sss.gov">Selective Service.</a>
Applicants must pass a background investigation
Low Risk Position - National Agency Check Investigation (NACI) required.
Qualifications
To qualify for this program, applicants must: (1) be enrolled or accepted for enrollment in a degree seeking program at a qualifying educational institution on a full or half-time basis; (2) have an academic major in economics, public policy, or applied statistics; (3) have a minimum cumulative (overall) GPA of 3.0 out of 4.0; and (4) be in good academic standing.
Eligible applicants may qualify for grades based on education, experience, or a combination of education and experience. Education and experience requirements must be met by the closing date of the announcement.
Education
CG-04: Completion of 2 full academic years of post-high school study or successful completion of an associate's degree.
CG-05: Completion of all requirements for a bachelor's degree or equivalent degree.
Note: One full academic year of undergraduate is 30 semester hours. One full academic year of graduate/vocational/trades/technical/high school education is the number of credit hours determined by the college/university/school. A certificate program must be a 1 year academic program if attending at a full-time status.
Qualifying Experience
CG-04: 1 year of general work experience
CG-05: 1 year of specialized experience equivalent to the GS-04.
Specialized experience for the CG-05 is defined as assisting others in the planning, analysis, evaluation, conclusions, and report preparation for economic statistical research projects/assignments.
Additional information
If selected, you may be required to serve a trial period.
All selectees must sign a Pathways Participant Agreement.
To be eligible for conversion to the competitive service, you must complete 640 hours of work experience (up to 320 hours may be waived based on successful performance in the position and a 3.45 overall GPA); meet the OPM qualification standards for the target position; and meet the requirements of the FDIC Pathways Agreement.
Service in the Pathways Internship Program confers no right to further employment.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
A career with the U.S. government provides employees with a comprehensive benefits package. 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.
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.
How you will be evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
The online assessment questions and resume you submit for this position will be reviewed to determine whether you meet the basic requirements as outlined in this announcement. Therefore, it is imperative that the documents you submit contain sufficiently detailed information upon which to make this basic qualification determination.
If you meet the basic qualification requirements, you will be referred to the selecting official for further review and consideration. Candidates who are eligible for veterans' preference will receive selection priority. To preview questions please click here.
A career with the U.S. government provides employees with a comprehensive benefits package. 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.
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.
To receive consideration, you must submit the following:
1. Current resume. Your resume must include your expected degree major and anticipated graduation dateto includemonth and year.
2. A copy of all college transcripts to include current and other completed degrees. Unofficial transcript(s) are acceptable if it includes your name, school, completed courses, and current cumulative (overall) GPA. If you are accepted for a position, you must submit an official transcript(s)
3. Proof of Enrollment/Registration/transcripts for Fall 2017. A class schedule is acceptable if your name, school information and the Fall 2017 semester/term are identified.
Failure to submit the required documents will make you ineligible for consideration for this position.
EDUCATION DOCUMENTS: If you are using education to meet all or part of the qualification requirements, submit a copy of your college transcript (an unofficial transcript is 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.
Foreign Education: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program. For more information, click here.
Veterans' Preference: If you are claiming veterans' preference, click here. Veterans should submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty - or other copy showing thetype of discharge/character of service (e.g., Honorable, Under Honorable Conditions, etc.) along with any other required documents.
If you are relying on your education to meet qualification requirements:
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.
To begin, click the "Apply Online" button and follow the prompts. If you haven’t already, register and establish a USAJOBS account. After you register online, click the "Apply Online" button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click "Submit Application." 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.
Veterans must include a copy of the DD214 to obtain employment preference.
Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Fairfax Drive
HRB (PA-1730-5007)
Arlington, Virginia 22226
United States
Next steps
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." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
To receive consideration, you must submit the following:
1. Current resume. Your resume must include your expected degree major and anticipated graduation dateto includemonth and year.
2. A copy of all college transcripts to include current and other completed degrees. Unofficial transcript(s) are acceptable if it includes your name, school, completed courses, and current cumulative (overall) GPA. If you are accepted for a position, you must submit an official transcript(s)
3. Proof of Enrollment/Registration/transcripts for Fall 2017. A class schedule is acceptable if your name, school information and the Fall 2017 semester/term are identified.
Failure to submit the required documents will make you ineligible for consideration for this position.
EDUCATION DOCUMENTS: If you are using education to meet all or part of the qualification requirements, submit a copy of your college transcript (an unofficial transcript is 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.
Foreign Education: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program. For more information, click here.
Veterans' Preference: If you are claiming veterans' preference, click here. Veterans should submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty - or other copy showing thetype of discharge/character of service (e.g., Honorable, Under Honorable Conditions, etc.) along with any other required documents.
If you are relying on your education to meet qualification requirements:
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.
To begin, click the "Apply Online" button and follow the prompts. If you haven’t already, register and establish a USAJOBS account. After you register online, click the "Apply Online" button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click "Submit Application." 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.
Veterans must include a copy of the DD214 to obtain employment preference.
Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Fairfax Drive
HRB (PA-1730-5007)
Arlington, Virginia 22226
United States
Next steps
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." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
