This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/548912800. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
The applicants selected will be offered a position in the FDIC Internship Program with the Division of Risk Management Supervision (RMS) or Division of Depositor and Consumer Protection (DCP). The FDIC’s Financial Institution Intern Program provides high-performing college students with valuable professional experience in the financial regulatory industry.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Learn more about this agency10/21/2019 to 10/25/2019
$41,112 - $47,749 per year
CG 04
9 vacancies in the following locations:
No
50% or less - This position requires overnight travel. Required to work at remote and multiple work sites.
No
Internships - Full time
Full-time - The anticipated start date for this position is January 20, 2020. This program requires FULL-TIME employment around school schedule (summer and other school breaks). Management and potential employee should discuss schedule during interview process.
Excepted
04
No
No
2019-DALP-0069
548912800
U.S. Citizens, Nationals or those who owe allegiance to the U.S.
Current students enrolled in accredited educational institutions from high school to graduate level. Includes internships, pathways and other student programs.
All United States Citizens. 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.
Most interns will work directly on teams with 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 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.
The applicants selected will be offered a position in the FDIC Internship Program. After successful completion of the program requirements and based on the FDIC’s needs, the selectees may be non-competitively converted to a Term position as a Financial Institution Specialist, (FIS) CG-570-7 (promotion potential to the CG-12 grade level) based upon an evaluation of performance, completion of at least 320-640 hours of work experience acquired through the Internship Program, meet the OPM qualification standards for the target position, which includes six (6) semester hours in accounting coursework, and a skills assessment. However, service in the Financial Institution Internship Program confers no right to further employment in the competitive or excepted service.
Completion of Confidential Financial Disclosure may be required.
Low Risk Position - National Agency Check Investigation (NACI) required.
Employment Conditions.
Registration with the Selective Service.
U.S. Citizenship is required.
Must successfully pass a background investigation.
Salary stated above is per year. Salary earned will be based on actual time worked. Per hour salary is $19.70 - $22.88 depending on location.
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 23.90%. 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.
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 two full academic years towards the degree (requirement must be met by the first day of employment);
4. Have completed 3 semester hours in accounting (requirement must be met by the first day of employment);
5. 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.
See Qualifications.
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 may elect to receive a one-time $2,500 stipend (in addition to bi-weekly salary) at the beginning of the program. Certain stipulations apply. The Federal Deposit Insurance Corporation (FDIC) may provide employee stipend (in addition to bi-weekly salary) at the onset of their tour of duty to defray initial start-up costs. Should the Intern employee terminate their employment agreement with the FDIC prior to completing 400 hours of work, the Intern employee will reimburse the FDIC a pro-rated portion of the advance based on the percentage of hours not worked. The employee must sign an agreement acknowledging this condition.
Interns are responsible for providing their own housing. Relocation expenses will not be paid. Interns will be responsible for their own travel expense to the duty location where they are appointed.
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.
If selected, you may be required to serve a trial period.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
You will be evaluated for this job based on how well you meet the qualifications above.
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 resume (by the closing date of this announcement).
2. 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.
3. A letter of recommendation must be submitted from a professor or other faculty member at your college or university who has a personal knowledge of your qualifications. The letter should specify in what capacity the professor/faculty member knows you (e.g., academic course, work on a project, teaching assistant, academic advisor, work/study, etc.) and should address your competency in the following areas: analytical ability; written communication; oral communication; teamwork; interpersonal skills; organization; time management; leadership; and personal initiative. The professor/faculty member must submit the letter of recommendation directly to HR Specialist Johanna Mayer via email at jmayer@fdic.gov. The letter of recommendation must be received no later than 11:59 p.m. Eastern Standard Time (EST) on Friday, November 1, 2019. Letters of recommendation submitted directly from applicants will not be accepted.
Incomplete application packages will not be considered.
4. 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 three (3) 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/548912800. 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.