Scholars will be placed, based on their availability, in one of two sessions scheduled from May 9, 2022 - July 29, 2022, or June 6, 2022 - August 19, 2022. 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.
Candidates selected for the FMSP will be initially offered a temporary position not-to-exceed 10/08/2022. 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. After graduation, they may 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 FDIC's examiner training program, FIS's may be non-competitively converted to a permanent appointment; however, service in the FMSP confers no right to further employment in the competitive or excepted service.
Bank examinations are conducted on-site at banks, sometimes at great distance from the FDIC office. Scholars are reimbursed for travel expenses, but are responsible for providing their own transportation to bank examination sites. Public transportation is often unavailable. (FDIC employees generally drive their personal automobiles to bank exams and are reimbursed for mileage.)
Scholars 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. Scholars are responsible for providing their own housing.
Relocation expenses will not be paid; however, travel to and from Washington, D.C. will be paid by the FDIC and Scholars will be reimbursed for work-related travel.
If selected, Scholars may be required to serve a trial period.
All selectees must sign the FDIC Pathways Participant Agreement.
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Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.