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.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Summary
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.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Yes—The FDIC offers position-specific telework options. Please see the Additional Information section below for more information. Telework options are subject to change.
Travel Required
75% or less - Very frequent overnight travel, up to 4 nights per week (most locations).
Relocation expenses reimbursed
No
Appointment type
Internships - Appointment NTE October 18, 2025. May be extended at management's discretion.
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 2025 and December 2026; 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 Risk Management Supervision (RMS). FMS will work directly on teams of experienced FDIC employees to evaluate bank operations, business planning, and risk management strategies. 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. Under the direction and supervision of an Examiner or Assistant examiner of higher grade, FMS will also:
Consolidate Reports of Conditions and Income.
Review accounts for overdrafts, prepaid expenses, and other miscellaneous assets.
Assist in assessing the adequacy of related insurance coverage.
Review adequacy of fidelity and other indemnity protection.
Assist in evaluating the adequacy of the insured depository institution procedures and internal routine controls.
Assist in the preparation of information requisite to a thorough analysis of the earnings of an institution.
Prepare drafts of schedules, exhibits, and comments for inclusion in the completed report of examination.
Conduct audit test checks on income and expense accounts, computing and reconciling Capital Accounts and reconciling cash.
Review liquidity including the analysis of fluctuations in loans, securities, deposits, and borrowings.
Verify securities and other investments borrowings and other liabilities, and assigned collateral, pledged assets, and safe keeping items.
Participate in other phases of an examination as assigned.
Very frequent overnight travel, up to 4 nights per week (most locations).
Work at remote and/or multiple work sites.
Must successfully pass a background investigation.
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.
Must sign a Pathways Participation agreement.
Qualifications
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 2025 and December 2026.
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 480 hours of work experience (up to 320 hours may be waived based on exceptional job performance and demonstrate high potential in an academic program a 3.5 overall GPA or membership in a national honor society or a letter of recommendation attesting to the student’s outstanding program performance from an instructor or program administrator); 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:
Basic knowledge of accounting, finance, economics, or business-related concepts and principles.
Ability to research, interpret and evaluate data and findings.
Ability to obtain and analyze information and data from various sources and develop conclusions and recommendations.
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.
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.
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.
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.
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.
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.
