Financial Institution Specialist (Risk Management), CG-0570A-7 (This ad serves as the Public Notice)

Summary

Candidates selected for the Financial Institution Specialist (FIS) position will be assigned to an FDIC Field Office in the Division of Risk Management Supervision (RMS) and participate in formal classroom training, self-study, and work assignments located in and outside of the employee's official duty station in the area of bank examination.

Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.

This job is open to

• The public
  
  U.S. Citizens, Nationals or those who owe allegiance to the U.S.

Clarification from the agency

All United States Citizens who have graduated within the last two years, or will graduate by June 30, 2025 and have completed a qualifying associates, bachelors, masters, professional, doctorate, vocational or technical degree (such as a Registered Apprenticeship Program, Jobs Corps, AmeriCorps, and Peace Corps or certificate from a qualifying educational institution. Veterans have up to two years to apply due to military service obligations. See "Additional Information'" section.

Duties

Financial Institution Specialists receive on-the-job and formal classroom training designed to provide practical experience in the risk management function of the FDIC.

Financial Institution Specialists participate in the assessment of financial institutions to determine the existence of unsafe and unsound practices; violations of law and regulation; the adequacy of internal controls/procedures; and the general character of management. Financial Institution Specialists also:

• Write comments and analyses for inclusion in examination reports and meet with insured depository institution officials to discuss the findings of an examination and, if necessary, any corrective programs.
• Participate as a member of a risk examination team. Review pre-examination data and assists with analyzing, interpreting, and evaluating earnings, liquidity, and capital.
• Research, compile, manipulate and/or evaluate data to prepare a variety of documents, management reports and presentations.
• Prepare examination reports and related documents (e.g. examination scope memoranda, work papers, Reports of Examinations, and Reports of Visitations).
• Attend meetings with FDIC officials, attorneys, accountants, representatives of financial institutions or other private sector representatives, and/or other federal and state regulatory agency officials to discuss issues of mutual concern when applicable, and under the guidance of higher-graded specialists/examiners and/or supervisors.
• Meet with and conduct interviews of institution personnel of various levels to determine their awareness of current laws and regulations; obtain information and documents; and provide feedback regarding examination activities.
• Identify and report unusual transactions, irregularities, weaknesses or deficiencies of the file documentation to higher-graded specialists/examiners and/or supervisors.

Requirements

Conditions of Employment

• U.S. Citizenship
• Completion of Recent Graduates Participant Agreement.
• Overnight travel varies by location.
• MUST be available for a virtual interview on November 6, 2024.
• Must pass automated writing assessment - see Qualifications sections
• Subject to relocation to any duty location to meet management needs.
• Registration with the Selective Service http://www.sss.gov

Must complete all training benchmarks and obtain a commission in Risk Management in order to be promoted to the CG-11 level. Those who do not complete these requirements within 3 and a half years (42 months) will be separated from employment.

Moderate Risk PositionMinimum Background Investigation (MBI) Required.

Qualifications

Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g. Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic, religious spiritual; community; student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.

Applicants may qualify based on education, work experience, or a combination of both, as defined below:

A. Has received within the last two years, or if not already graduated, will receive by June 30, 2025, a bachelor's degree from an accredited college or university that included the following: (a) completion of a major course of study in accounting, banking, business administration, commercial or banking law, economics, finance, marketing or other related fields; (b) completion of at least 24 semester hours of combined course work in business administration, accounting, finance, marketing, mathematics, statistics, or economics that included at least 6 semester hours in accounting; and (c) fulfillment of one or more of the requirements listed below for Superior Academic Achievement (SAA).

Superior Academic Achievement (SAA):

To qualify for SAA, applicants must have met one of the following:
a. A grade-point average of "B" (a GPA of 2.95 or higher out of a possible 4.0) for all completed undergraduate courses, or those completed in the last two years of undergraduate study.
b. A grade-point average of "B+" (a GPA of 3.45 or higher out of a possible 4.0) for all courses in your major field of study, or those courses in your major completed in the last two years of undergraduate study.
c. Rank in the upper one-third of your class in the college, university or major subdivision.
d. Membership in a national honor society (other than freshman honor societies) recognized by the Association of College Honor Societies. OR

B. Has completed within the last two years, or will complete by June 30, 2025, one academic year of graduate study at an accredited college or university in accounting, banking, business administration, commercial or banking law, economics, finance, marketing or other related fields. In addition, has completed or if not already graduated, will complete by June 30, 2025, at least 24 semester hours of combined undergraduate and graduate course work at accredited colleges or universities in business administration, accounting, finance, marketing, mathematics, statistics, or economics that included at least 6 semester hours in accounting. OR

C. If the candidate did not complete an undergraduate or graduate major in accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or other related field and/or at least 24 semester hours (or equivalent) of undergraduate and/or graduate course work in accounting, business administration, economics, finance, mathematics, statistics, and marketing that included at least 6 semester hours (or equivalent) of course work in accounting, equivalent qualifying experience may be substituted for the major and some or all of the required course work. To be creditable, experience must be at the next lower grade, i.e. at the CG-5 for the CG-7, and must demonstrate skill in gathering and analyzing financial data and interpreting balance sheets and income statements.

OR

D. Combinations of successfully completed post-high school education and experience may be used to meet total qualification requirements for the CG-07 position, as long as the education and experience demonstrates skill in gathering and analyzing financial data and interpreting balance sheets and income statements.

The competencies/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below:

1. Knowledge of accounting principles.
2. Knowledge of financial analysis.
3. Ability to analyze financial reports.
4. Skill in oral communication to present findings and recommendations.
5. Ability to communicate in writing to prepare a variety of reports.
6. Ability to work with co-workers and the general public.

You do not need to respond separately to these KSAs. Your answers to the online questionnaire and resume will serve as responses to the KSAs.

AND

SELECTIVE PLACEMENT FACTOR: In addition to meeting the qualification requirements as described above, this position has the following Selective Placement Factor:

Ability to effectively communicate in writing as evidenced by using proper grammar to compose written documents which are clear, concise, thorough, and free of spelling, grammatical, and punctuation errors.

Automated Writing Assessment: Candidates must demonstrate that they meet the Selective Placement Factor by passing an automated writing assessment. Candidates who self-assess at 85 or above on the vacancy announcement assessment questionnaire will receive notification with a link via e-mail within two weeks from the closing date of the announcement to take the automated writing assessment. Candidates will be allotted twenty-five (25) minutes to complete the assessment after clicking on the "Begin Assessment" button. Candidates will have three days to complete the assessment. The completion deadline will be indicated in the notification e-mail. Candidates must complete and pass the automated writing assessment in order to receive further consideration for this position. Candidates who fail will be deemed not qualified for failure to meet the Selective Placement Factor and will receive no further consideration for this position.

If you PASS the writing assessment, your score is valid for twelve (12) months for the entry-level FIS position within the FDIC only. If you FAIL the writing assessment, your score is valid for (6) months for the entry-level FIS position within the FDIC only. You will not be able to retake the assessment for a period of 6 months if you FAIL the assessment or 12 months if you PASS the assessment from the date you complete the assessment. You will be notified of your assessment results and your assessment retake eligibility date. Your assessment results will be used for this entry-level FIS placement opportunity and reused for future entry-level FIS job opportunities for 6 or 12 months, depending on the outcome of your assessment as previously explained. Disclaimer:This does not restrict your ability to apply to other FDIC entry-level FIS job opportunity announcements within this 6 or 12 month window; however, if you previously failed the assessment you will be found ineligible during your 6-month retake period.

PASS/FAIL outcomes on the current assessment expire in the event that the FDIC implements a change to the selection process/writing assessment.

For this job opportunity announcement: If you previously completed the automated writing assessment see "How to Apply".

Tablet/phone mobile devices do not support all features for the assessment; therefore, it is recommended that you use a desktop/laptop to complete the assessment. If you have questions about the computer requirements please contact PFhelpdesk@PDRI.com. If you wish to request a reasonable accommodation for the automated writing assessment, you must email us at FISProgram@FDIC.gov by the closing date of this announcement. If your reasonable accommodation request is submitted after the closing date of the announcement, it will be considered on a case-by-case basis as there may not be adequate time to process your request.

Reference checks are required for the Financial Institution Specialist position. Any information gathered will be considered during the hiring process in order to make selections.

Additional information

Recent Graduate Eligibilty

A participant must have completed all requirements of an academic course of study leading to a qualifying associate, bachelor's, master's, professional, doctorate, vocational, or technical degree or certificate from a qualifying educational institution within the previous two years or completed a qualifying career or technical education program (such as a Registered Apprenticeship Program, Jobs Corps, AmeriCorps, and Peace Corps) within the previous two years.

An individual may apply for a position in the FDIC Pathways Recent Graduates Program only if the individual's application is received not later than two years after the date the individual completed all requirements of an academic course of study leading to a qualifying associate, bachelor's, master's, professional, doctorate, vocational, or technical degree or certificate from a qualifying educational institution (generally this means completion of all required coursework and final exams, not upon the date the individual receives the degree or certificate) or not later than two years after the date the individual completed a qualifying career or technical education program.

Certificate programs must be equivalent to at least one academic year of full-time study that is part of an accredited college-level, technical, trade, vocational, or business school curriculum. Veterans who are precluded from applying during any portion of the two-year eligibility period due to their military service obligation have a full two-year period of eligibility upon release or discharge from active duty to apply. In no event may the period extend beyond six years from the date the veteran completed all the requirements of an academic course of study or qualifying career or technical education program.

Pay

The range of pay shown includes base pay plus supplemental locality adjustments for the duty locations listed. The locality rates for these duty locations range from a low of 16.82% to a high of 51.75%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. Click HERE to view locality rates.

TELEWORK OPTIONS ARE SUBJECT TO CHANGE. For more information on telework at the FDIC, please reference the available telework options for this position here.

Reference Checks

Reference checks are required for the Financial Institution Specialist position. Any information gathered will be considered during the hiring process in order to make selections. Reference contact information should be an official or business email address rather than a personal email address. Your reference does not have to be your current supervisor. Please be sure that all reference contact information submitted is updated and current.

Reference check process:

1. References are expected to rate job-related abilities.
2. Results of the reference check will be used in the hiring process.
3. Must have at least (1) completed reference check in order to be eligible for selection.
4. If your reference is unable to rate you for at least the majority of the competencies (KSA's), your reference will be considered incomplete.
5. Your reference will only be contacted if you accept an interview invitation.
6. If you do not provide any references or if none of your references respond to the survey, you will not be considered for selection.

Click HERE for average percentage travel days. Averages are an approximation, and actual travel will vary.

• Benefits
  
  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.
  
  The starting base salary for candidates selected under this announcement is set at $58,000, plus the locality rates for their assigned locations. The CG-7 FIS is considered an entry-level trainee position and the intention is for candidates to receive starting base salaries. In rare circumstances, the FDIC may offer a higher base salary to candidates who supply documented proof that they have earned a higher salary in a related position; however, determinations will be made on a case-by-case basis. Current FDIC employees will have their pay set in accordance with the FDIC's internal pay setting policy.
  
  In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees on a full-time work schedule. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors. 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.

You must demonstrate that you meet the Selective Placement Factor by completing and passing an automated writing assessment in order to receive further consideration for this position. If you self-assess at 85 or above on the vacancy announcement assessment questionnaire, you will receive notification with a link to the automated writing assessment. (Refer to Qualifications Section - Selective Placement Factor).

If you pass the automated writing assessment, your resume will be reviewed, including the vacancy announcement assessment questionnaire, to determine whether you meet the remaining qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, duties performed, and if the position is/was in the Federal government, the position series and grade level. If you rate yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected. This could mean that you pass the automated writing assessment, thereby demonstrating that you meet the Selective Placement Factor, but are later deemed to be "not qualified" for failure to meet the remaining qualification requirements.

If you are found qualified, you will be placed in one of several categories: Best Qualified, Well Qualified, or Minimally Qualified, based upon the degree to which your background and responses to the assessment questions match the qualification requirements of the position. Within these categories, candidates eligible for veterans' preference will receive selection priority over non-veterans.

The highest-ranked candidates for each location may be invited to a virtual hiring event to participate in a virtual interview on November 6, 2024. You may select up to 2 locations listed for which you would like to be considered. Click HERE to see the average percentage of travel days by field office location. Please note that these averages are an approximation, and actual travel requirements will vary based on a variety of factors.

FDIC provides reasonable accommodations to candidates with disabilities. If invited to interview and you need a reasonable accommodation, please notify us within three days of receiving the invitation to allow us adequate time to consider the request; however, you can make a reasonable accommodation request at any time once invited. The decision to grant a reasonable accommodation will be on a case-by-case basis.

Applicants who are invited to participate in the hiring event will receive a Microsoft Teams interview invitation no later than the Friday before the scheduled interview day.

You may preview questions for this vacancy.

• Benefits
  
  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.
  
  The starting base salary for candidates selected under this announcement is set at $58,000, plus the locality rates for their assigned locations. The CG-7 FIS is considered an entry-level trainee position and the intention is for candidates to receive starting base salaries. In rare circumstances, the FDIC may offer a higher base salary to candidates who supply documented proof that they have earned a higher salary in a related position; however, determinations will be made on a case-by-case basis. Current FDIC employees will have their pay set in accordance with the FDIC's internal pay setting policy.
  
  In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees on a full-time work schedule. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors. 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.
• Required Documents
  
  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.
  
  In order to receive consideration for this position, you must submit the following documents by the closing date of this announcement in addition to answering the questions in the online assessment questionnaire:
  
  
  1. A resume that validates the answers you provided in the online application. Your resume must include the month and year your degree was or will be received.
  2. A copy of your college transcript (an unofficial transcript is acceptable) demonstrating eligibility for the FDIC's Recent Graduates Program. Education must be from an accredited institution. For a listing of accredited educational institutions, click here. An official transcript will be required if you are selected. Veterans who have satisfied the educational requirements of the Recent Graduates program but were precluded from applying within the 2-year window due to military service obligations, must also submit acceptable documentation for preference eligibility. Please see Veterans' Preference Section.
  
  
  EDUCATION DOCUMENTS: If you are using education to meet all or part of the qualification requirements, submit a copy of your college transcript (an unofficial transcript is acceptable). Education must be from accredited institutions. For a listing of accredited educational institutions, click here. An official transcript will be required if you are selected. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.
  
  Foreign Education: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. educational program. For more information, click here.
  
  VETERANS' PREFERENCE: If you are claiming veterans' preference, click here. If you are claiming veteran's preference, you must submit documentation, e.g., DD-214 "Certificate of Release or Discharge from Active Duty," which shows dates of service and discharge under honorable conditions, VA Letter, or SF-15 along with supporting documentation, or "certification" from the Armed Forces to demonstrate eligibility.
  
  
  If you are relying on your education to meet qualification requirements:
  
  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.
• How to Apply
  
  Click here to apply to this position.
  
  Agency contact information
  
  Tameka Lyons
  
  Phone
  
  571-624-5511
  
  TDD
  1-800-925-4618
  Fax
  000-000-0000
  Email
  
  FISProgram@fdic.gov
  
  Address
  
  Federal Deposit Insurance Corporation
  
  Human Resources Service Center
  
  3501 Farifax Drive
  
  HRB (PA-1730-5007)
  
  Arlington, Virginia 22226
  
  United States
  
  Next steps
  
  You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOB by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
  
  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. Also, note that if you provide an inaccurate e-mail address or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive the automated assessment link which will affect your consideration for this position.
• Fair and Transparent
  
  The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
  
  
  • Criminal history inquiries
  • Equal Employment Opportunity (EEO) Policy
  • Financial suitability
  • New employee probationary period
  • Privacy Act
  • Reasonable accommodation policy
  • Selective Service
  • Signature and false statements
  • Social security number request

Required Documents

In order to receive consideration for this position, you must submit the following documents by the closing date of this announcement in addition to answering the questions in the online assessment questionnaire:

1. A resume that validates the answers you provided in the online application. Your resume must include the month and year your degree was or will be received.
2. A copy of your college transcript (an unofficial transcript is acceptable) demonstrating eligibility for the FDIC's Recent Graduates Program. Education must be from an accredited institution. For a listing of accredited educational institutions, click here. An official transcript will be required if you are selected. Veterans who have satisfied the educational requirements of the Recent Graduates program but were precluded from applying within the 2-year window due to military service obligations, must also submit acceptable documentation for preference eligibility. Please see Veterans' Preference Section.

EDUCATION DOCUMENTS: If you are using education to meet all or part of the qualification requirements, submit a copy of your college transcript (an unofficial transcript is acceptable). Education must be from accredited institutions. For a listing of accredited educational institutions, click here. An official transcript will be required if you are selected. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.

Foreign Education: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. educational program. For more information, click here.

VETERANS' PREFERENCE: If you are claiming veterans' preference, click here. If you are claiming veteran's preference, you must submit documentation, e.g., DD-214 "Certificate of Release or Discharge from Active Duty," which shows dates of service and discharge under honorable conditions, VA Letter, or SF-15 along with supporting documentation, or "certification" from the Armed Forces to demonstrate eligibility.


If you are relying on your education to meet qualification requirements:

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.

How to Apply

Click here to apply to this position.

Agency contact information

Tameka Lyons

Phone

571-624-5511

TDD
1-800-925-4618
Fax
000-000-0000
Email

FISProgram@fdic.gov

Address

Federal Deposit Insurance Corporation

Human Resources Service Center

3501 Farifax Drive

HRB (PA-1730-5007)

Arlington, Virginia 22226

United States

Next steps

You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOB by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.

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. Also, note that if you provide an inaccurate e-mail address or if your mailbox is full or blocked (e.g., spam-blocker), you may not receive the automated assessment link which will affect your consideration for this position.

Fair & Transparent

The Federal hiring process is set up to be fair and transparent. Please read the following guidance.

• Criminal history inquiries
• Equal Employment Opportunity (EEO) Policy
• Financial suitability
• New employee probationary period
• Privacy Act
• Reasonable accommodation policy
• Selective Service
• Signature and false statements
• Social security number request