The 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 from May 14, 2018 - August 3, 2018, or June 11, 2018 - August 24, 2018. 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 complete an automated writing assessment during the field office assignment and must pass to be eligible for a post-internship employment offer. Scholars will return to Washington, DC for the final week to share their experiences and participate in an additional skills assessment. Scholars will also have the opportunity to select locations where they are willing to work if offered a Financial Institution Specialist (FIS) position at the end of the FMSP. Location placement is at the discretion of FDIC management. Not all offices participating in the FMSP will have permanent positions available after the internship is completed.
Candidates selected for the FMSP will be initially offered a temporary position not-to-exceed 10/13/2018. Scholars who receive and accept employment offers at the end of the FMSP will be placed on leave without pay and 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 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 fulfillment of the qualification standards for the FIS position and other requirements as specified in the Pathways Agreement). Upon successful completion of the CEP, FIS's may be non-competitively converted to a permanent appointment; however, service in the FMSP confers no right to futher employment in the competitive or excepted service.
Scholars will be assigned to one of FDIC’s three major business divisions: Risk Management Supervision, Depositor and Consumer Protection, or the Division of Resolutions and Receiverships. Scholars will work directly on teams of experienced FDIC employees to evaluate bank operations, business planning, risk management strategies, and consumer protection practices. 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.
75% or less - Very frequent overnight travel, up to 3 weeks per month (most locations).
Who May Apply
This job is open to…All United States citizens who are enrolled at least half-time in an accredited bachelor's degree program and will have completed their junior year in college when they enter the program, with a planned graduation date between December 2018 and December 2019; 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/485833900. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.