The Financial Institution Internship 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 receivership specialist.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Summary
The Financial Institution Internship 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 receivership specialist.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
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 May 2021 or later and are majoring in a certain specified field, (see Qualifications Required); and are in good academic standing.
The applicant selected will be offered an internship opportunity with the Division of Risk Management Supervision (RMS). The mission of RMS is to promote stability and public confidence in the nation’s financial system through examining and supervising insured financial institutions, leading sound policy development, evaluating resolution plans, and monitoring and mitigating systemic risks. There is one (1) position available in the Billings, MT Field Office; one (1) position available in the Los Angeles West, CA Field Office; one (1) position available in the Orange, CA Field Office; one (1) position available in the Phoenix, AZ Field Office; one (1) position available in the Sacramento, CA Field Office; one (1) position available in the Salt Lake City, UT Field Office; and one (1) position available in the San Francisco, CA Field Office.
Most interns will work directly on teams with experienced FDIC employees to evaluate bank operations, business planning, risk management strategies, and consumer protection practices during a period in which banks are still recovering from the stress of the recent financial crisis. 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.
This internship is expected to start during Summer 2020.
After successful completion of the program requirements and based on the FDIC’s needs, the selectee may be non-competitively converted to a Financial Institution Specialist (FIS), CG-570-7 position in the competitive service with promotion potential to the CG-12 level.
To be eligible for conversion to the FIS position in the CEP, the intern must complete 640 hours of work experience (up to 320 hours may be waived based on successful performance in the position and a 3.5 overall GPA or membership in a national honors society); meet the OPM qualification standards for the FIS position, which includes six (6) semester hours in accounting coursework; meet the requirements of the FDIC Pathways Participant Agreement; and successfully complete various skills assessments.
Interns being considered for conversion will complete and must pass an automated writing assessment to be eligible for a post-internship employment offer. Interns who pass the writing assessment will participate in an additional skills assessment.
Interns entering the CEP will be non-competitively converted to a term appointment as a FIS. Upon successful completion of the CEP, FIS's may be non-competitively converted to a permanent appointment. Service in the Financial Institution Internship program confers no right to further employment in the competitive or excepted service.
Must successfully pass a background investigation.
Completion of Confidential Financial Disclosure may be required.
Qualifications
Please see requirements under "Education" section.
Education
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.
Additional information
Salary stated above is per year. Salary earned will be based on actual time worked. Per hour salary starts at $19.96 - $27.47 depending on location.
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.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
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
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.
Interns may be eligible for certain Federal employee benefits. To find out more, click here.
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.
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.
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.
Interns may be eligible for certain Federal employee benefits. To find out more, click here.
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.
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 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 Human Resources Specialist Daniela Giannini via email at dgiannini@fdic.gov. The letter of recommendation must be received no later than 11:59 p.m. Eastern Standard Time (EST) on April 10, 2020. Letters of recommendation submitted directly from applicants will not be accepted. 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).
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" 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 EST 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 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.
Federal Deposit Insurance Corporation
FDIC Human Resources Branch
25 Jessie Street
Suite 1200
San Francisco, California 94105
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.
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 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 Human Resources Specialist Daniela Giannini via email at dgiannini@fdic.gov. The letter of recommendation must be received no later than 11:59 p.m. Eastern Standard Time (EST) on April 10, 2020. Letters of recommendation submitted directly from applicants will not be accepted. 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).
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" 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 EST 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 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.
Federal Deposit Insurance Corporation
FDIC Human Resources Branch
25 Jessie Street
Suite 1200
San Francisco, California 94105
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.
