This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/546375300. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
The Financial Institution Internship is a paid internship that may lead to a post-graduation employment offer with the Federal Deposit Insurance Corporation, Division of Risk Management Supervision. This 3-4-year training program is designed to lead to a professional certification as a commissioned financial institution examiner.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Learn more about this agency09/20/2019 to 12/13/2019
$41,112 - $44,993 per year
CG 04
7 vacancies in the following locations:
No
75% or less - May require extensive overnight travel.
No
Internships - The applicants selected will be offered a position in the FDIC Internship Program. The starting date of employment is expected to be towards the end of the 2020 spring semester.
Full-time - Interns are expected to work full-time during the summer months.
Excepted
04
No
No
2019-ATLP-0042
546375300
The announcement is exclusive during the recruitment period. The announcement will be open to the public December 9, 2019.
Current students enrolled in accredited educational institutions from high school to graduate level. Includes internships, pathways and other student programs.
This announcement is open to all U.S. citizens who are enrolled at least half-time as students in an accredited 4-year college who have completed at least their sophomore year in college when they enter the program; have a cumulative (overall) GPA of at least 3.0; a planned graduation date of December 2020 or later and are majoring in a certain specified field, (see Education Requirements); and are in good academic standing.
Interns will work directly on teams with experienced FDIC employees to evaluate bank operations, business planning, and risk management practices. These teams are responsible for assessing financial institutions to determine whether they are following safe and sound banking practices, maintaining effective controls and procedures, managing their institutions effectively, and complying with all applicable laws and regulations, including those relating to capital, asset quality, earnings, liquidity, sensitivity to market risk, bank secrecy and anti-money laundering, and information technology.
Completion of Confidential Financial Disclosure may be required.
Moderate Risk Position - Minimum Background Investigation (MBI) required.
Registration with the Selective Service.
U.S. Citizenship is required.
Required to work at remote and multiple work sites.
Financial Institution Examiners must maintain the highest personal ethical standards as provided in Part 336 of the FDIC's Rules and Regulations, (Employee Responsibilities and Conduct). Financial Institution Examiners must comply with Section 3201.102 of Supplemental Standards of Ethical Conduct for FDIC Employees (5 CFR Part 3201), which, in part, prohibits them and their immediate families from accepting certain credit from State nonmember banks.
All Financial Institution Examiners are prohibited from the following:
1. Obtaining a loan or a line of credit from any insured state nonmember bank or its subsidiaries. Any extensions of credit held by the Examiner, the Examiner's spouse, or any dependent children are direct or indirect extensions of credit to the Examiner.
Exceptions:
a. Loans for a primary residence are permissible. The Examiner must not participate in any examination of that institution with which he holds the primary residence loan, and a "cooling off" period is required before negotiating a loan for a primary residence from any institution the Examiner has examined.
b. No restrictions on obtaining credit cards issued under the same terms and conditions available to the public from an insured state nonmember bank either within or outside of their field office of assignment.
2. Participating in any examination, or other matter, involving an insured depository institution or any person with whom the Examiner has an outstanding loan or line of credit.
3. Performing any service for compensation with any bank, or for any officer, director, or employee thereof, or for any person connected therewith.
4. Disclosing any confidential information from a bank examination report except as authorized by law.
5. Soliciting or accepting any gift from a prohibited source or because of the Examiner's official position.
To qualify for the CG-4 grade level, applicants must have completed two full academic years toward a degree (requirement must be met by the first day of employment).
Applicants must:
1. Be seeking a degree at an accredited college/university with a MAJOR in accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or other fields related to the position (Major must be documented in the transcript or proof of enrollment);
2. Have at least a cumulative (overall) 3.0 GPA (requirement must be met before the announcement closes);
3. Have completed 3 semester hours in accounting (requirement must be met by the first day of employment);
4. Submit all required documents. (must be submitted by the closing date of this announcement) To view the required documents, locate the "How to Apply" tab.
Applicants who are enrolled at least half-time as students in an accredited 4-year college or university who have completed at least the sophomore year in college when they enter the program; have a cumulative (overall) GPA of at least 3.0; a planned graduation date of December 2020 or later and are majoring in a certain specified field, (see Qualifications Required); and are in good academic standing.
The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 6.68% to a high of 16.75%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. For more on FDIC locality rates, click here.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
Extensive travel may be required as bank examinations are conducted on-site at banks, sometimes at great distance from the FDIC office. Interns are reimbursed for travel expenses, but are responsible for their own transportation to bank examination sites where public transportation may not be available.
Interns will be responsible for providing their own housing, but will receive a one-time $2500 stipend (in addition to bi-weekly salary) at the beginning of the program.
Relocation expenses will not be paid. Interns will be responsible for their own travel expense to the duty location where they are appointed.
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 320-640 hours of work experience; meet the OPM qualification standards for the target position, which includes six (6) semester hours in accounting coursework; meet the requirements of the FDIC Pathways Agreement and successfully perform; and complete various skills assessments.
You will be evaluated for this job based on how well you meet the qualifications above.
Applicants must meet the qualifications as required below. Applicants must be in good academic standing with at least a cumulative (overall) 3.0 GPA.
Your application package will be reviewed to determine if you meet the eligibility and qualification requirements outlined in this announcement. The application package must include all required supporting documents (on-line assessment questionnaire, resume, cover letter, transcripts, and letter of recommendation). If you meet the basic eligibility and qualification requirements and have submitted all required documents, your application package may be forwarded to the selecting official for further review and consideration based on FDIC’s needs.
Qualified applicants who are eligible for veterans’ preference will have selection priority.
Along with providing the Online Assessment Questionnaire, you must provide the following:
1. A cover letter explaining why you are interested in this position, how your background (i.e., education, experience/interests, volunteer activities, work, etc.) may fit with this position (by the closing date of this announcement).
2. A resume (by the closing date of this announcement).
3. EDUCATION DOCUMENTS: You must submit college transcripts (official or unofficial) showing the classes you are currently enrolled in as well as your overall cumulative GPA by the closing date of this announcement. If you are currently enrolled or accepted for enrollment, and do not yet have a transcript, you must submit proof of enrollment (i.e., letter from the registrar's office or acceptance letter from an accredited educational institution). Your transcript or registrar's letter must document the educational requirements for this position. Education must be from an accredited educational institution. For a listing of accredited educational institutions,
click here. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.
4. A letter of recommendation from a professor or faculty member at your college or university addressing your abilities in one or more of the following areas: analytical ability; written and oral communication; teamwork and interpersonal skills; organization and time management; and/or leadership and initiative.
Instructions for submitting the letter of recommendation:
The professor/faculty member must submit the letter of recommendation directly to Human Resources Specialist Reginald Lathan via email at relathan@fdic.gov no later than 11:59 p.m. Eastern Standard Time (EST) on Friday, December 20, 2019.
Incomplete application packages will not be considered.
5. A copy of Veteran’s Preference documentation: 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 the type of discharge/character of service (e.g., Honorable, Under Honorable Conditions, etc.) along with any other required documents (by the closing date of this announcement).
Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.
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" button and follow the prompts. If you haven’t already, register and establish a USAJOBS account. After you register online, click the "Apply" 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” tab Click on the “Position Title,” and then select “Update Application” or additional information 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 are limited to selecting only location(s) listed for which you would like to be considered.
Veterans must include a copy of the DD214 to obtain employment preference.
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.
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/546375300. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
Learn more about
The Federal Deposit Insurance Corporation (FDIC) is one of the most respected forces 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 has ranked as one of the best places to work among mid-sized agencies in the Federal Government for the past seven years.