This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/609340200. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
The Financial Management Scholars Program (FMSP) is a paid internship that may lead to a post-graduation employment offer as a Financial Institution Specialist, a three and a half year training program leading to professional certification as a commissioned Financial Institution Examiner.
07/30/2021 to 11/30/2021
$41,930 - $58,111 per year
CG 04
19 vacancies in the following locations:
Additional locations are listed below.
No
75% or less - Very frequent overnight travel, up to 4 nights per week (most locations).
No
Internships - Appointment NTE 10/08/2022. May be extended at management's discretion.
Full-time - Excepted Service
Excepted
04
No
No
2021-FMSHQ-0013
609340200
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 2022 and December 2023; 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.
Financial Management Scholars (FMS) will be assigned to the Division of Depositor and Consumer Protection (DCP). Scholars will work directly on teams of experienced FDIC employees to evaluate bank operations, business planning, 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. Under the direction and supervision of an Examiner or Assistant examiner of higher grade, FMS will also:
Individuals who start their Federal government service after November 22, 2021, must be fully vaccinated against COVID-19 prior to their start date, except in limited circumstances where the law requires an exception. See “Next Steps” section.
Applicants must be in good academic standing with at least a cumulative (overall) 3.25 GPA and maintain a cumulative 3.25 GPA throughout the duration of the FMSP.
To be qualified, you must be enrolled at least half-time in a bachelor's degree program at an accredited college or university; and must have completed your junior year of college prior to entering the program, have a current overall GPA of at least 3.25, with a planned graduation date between December 2022 and December 2023.
You must be majoring in accounting, banking, commercial or banking law, economics, business administration, marketing, finance, or other fields related to the position.
To be eligible for conversion to the Financial Institution Specialist (FIS) position in the competitive service upon completion of the internship, you 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 honor society); 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 Participant Agreement; and successfully complete various skills assessments. Service in the FMSP confers no right to further employment. The promotion potential if converted is CG-12.
The competencies/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below:
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.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
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.
Scholars 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.
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, and transcripts). Applicants who meet the basic eligibility and qualification requirements and have submitted all required documents may be scheduled for a telephone interview. At the time of interview, you will need to ensure that you have two references which need to be a current or past professor or a faculty member at your college or university who has a personal knowledge of your qualifications. The FDIC plans to make internship offers in January 2022.
If you rated yourself higher than what is supported by your resume, your overall qualifications assessment may be adversely affected.
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.
Scholars 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.
As a new or existing federal employee, you and your family may have access to a range of benefits. Your benefits depend on the type of position you have - whether you're a permanent, part-time, temporary or an intermittent employee. You may be eligible for the following benefits, however, check with your agency to make sure you're eligible under their policies.
Along with completing the Online Assessment Questionnaire, you must provide the following:
1. A cover letter (by the closing date of the announcement). The letter should explain why you are interested in the FMSP and how your background (i.e., education, experience/interests, volunteer activities, work, etc.) may fit with this position and with the mission/goals of the FDIC.
2. A resume (by the closing date of this announcement). Your resume must include your expected degree, anticipated graduation date to include month and year, and major field of study. It should also show any work experience (including paid or unpaid internships), particularly those involving financial analysis duties; leadership, public speaking, and/or volunteer experiences; participation in college extra curricular activities (including athletics), study abroad, and community or public service organizations/initiatives; and awards or recognition relating to any of those activities.
3. A copy of all college transcripts (by the closing date of this announcement). Unofficial transcript(s) are acceptable. The transcript(s) must show the courses you have completed, grades/credits earned, and current overall GPA. It must also include the courses in which you are currently enrolled at the time of application. Proof of Enrollment or your current class schedule is acceptable. 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 copy of Veteran's Preference documentation (by the closing date of this announcement): If you are claiming veterans' preference, click here. Veterans must 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.
Incomplete application packages will not be considered.
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 p.m EST on the closing date.
To return to your saved application, log in to your USAJOBS account and click on "Applications" tab. Click on the "Position Title," and then select "Update Application" or "Additional Application 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 5 location(s) listed for which you would like to be considered.
Veterans must include a copy of the DD214 to obtain employment preference.
You will be notified of the status of your application via e-mail at various points in the process. Please notify us if your contact information changes after the closing date of the announcement.
You may update your application at any time prior to the closing date of the announcement. You may also check the status of your application online 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status."
As required by Executive Order 14043, Federal employees are required to be fully vaccinated against COVID-19 regardless of the employee’s duty location or work arrangement (e.g., telework, remote work, etc.), subject to such exceptions as required by law. If selected, you will be required to be vaccinated against COVID-19 and submit documentation of proof of vaccination by November 22, 2021, or before appointment or onboarding, if after November 22, 2021. In limited circumstances, exceptions to the vaccination requirement will be granted when required by law, such as in cases where an employee is entitled to a reasonable accommodation based on a disability or sincerely held religious belief, practice, or observance. Your employment offer will include instructions for submitting the requisite information and requesting an exception to the vaccination requirement. Failure to comply with the vaccination requirement will result in disciplinary action, up to and including rescinding the job offer or termination from Federal service. FDIC will provide additional information regarding what information or documentation will be needed and how to request a reasonable accommodation related to this requirement.
If you meet all qualification requirements for this position and submit all required documentation within the specified time frames, you may be contacted to schedule a telephone interview. Employment offers will be made beginning in January 2022.
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 completing the Online Assessment Questionnaire, you must provide the following:
1. A cover letter (by the closing date of the announcement). The letter should explain why you are interested in the FMSP and how your background (i.e., education, experience/interests, volunteer activities, work, etc.) may fit with this position and with the mission/goals of the FDIC.
2. A resume (by the closing date of this announcement). Your resume must include your expected degree, anticipated graduation date to include month and year, and major field of study. It should also show any work experience (including paid or unpaid internships), particularly those involving financial analysis duties; leadership, public speaking, and/or volunteer experiences; participation in college extra curricular activities (including athletics), study abroad, and community or public service organizations/initiatives; and awards or recognition relating to any of those activities.
3. A copy of all college transcripts (by the closing date of this announcement). Unofficial transcript(s) are acceptable. The transcript(s) must show the courses you have completed, grades/credits earned, and current overall GPA. It must also include the courses in which you are currently enrolled at the time of application. Proof of Enrollment or your current class schedule is acceptable. 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 copy of Veteran's Preference documentation (by the closing date of this announcement): If you are claiming veterans' preference, click here. Veterans must 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.
Incomplete application packages will not be considered.
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 p.m EST on the closing date.
To return to your saved application, log in to your USAJOBS account and click on "Applications" tab. Click on the "Position Title," and then select "Update Application" or "Additional Application 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 5 location(s) listed for which you would like to be considered.
Veterans must include a copy of the DD214 to obtain employment preference.
You will be notified of the status of your application via e-mail at various points in the process. Please notify us if your contact information changes after the closing date of the announcement.
You may update your application at any time prior to the closing date of the announcement. You may also check the status of your application online 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status."
As required by Executive Order 14043, Federal employees are required to be fully vaccinated against COVID-19 regardless of the employee’s duty location or work arrangement (e.g., telework, remote work, etc.), subject to such exceptions as required by law. If selected, you will be required to be vaccinated against COVID-19 and submit documentation of proof of vaccination by November 22, 2021, or before appointment or onboarding, if after November 22, 2021. In limited circumstances, exceptions to the vaccination requirement will be granted when required by law, such as in cases where an employee is entitled to a reasonable accommodation based on a disability or sincerely held religious belief, practice, or observance. Your employment offer will include instructions for submitting the requisite information and requesting an exception to the vaccination requirement. Failure to comply with the vaccination requirement will result in disciplinary action, up to and including rescinding the job offer or termination from Federal service. FDIC will provide additional information regarding what information or documentation will be needed and how to request a reasonable accommodation related to this requirement.
If you meet all qualification requirements for this position and submit all required documentation within the specified time frames, you may be contacted to schedule a telephone interview. Employment offers will be made beginning in January 2022.
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/609340200. 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 been ranked as one of the best places to work among mid-sized agencies in the Federal Government for the past seven years.