Financial Management Scholars Program - Pathways Internship Student Trainee (DCP) Public Notice

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.

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 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.

Duties

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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:

• Examine initial disclosures, periodic statements, advertisements, and other information to evaluate procedures and reviews for compliance with applicable regulations.
• Examine closed-end non-real estate credit transactions for compliance with applicable regulations.
• Review the Home Mortgage Disclosure Act loan application register for accuracy and assesses the bank's overall reporting procedures.
• Review adverse action notices for compliance, and to gain a cursory exposure to applicable lending-related regulations.
• Examine a sample of residential, consumer, commercial and agricultural files to determine compliance.
• Review applicable regulations and examination manual to become informed about the Community Reinvestment Act.
• Participate in discussing the overall examination process including evaluating the bank's Compliance Management System (senior management oversight; compliance program, including the elements of polices, monitoring, and training; and audit procedures). Asks questions to gain clarification and understanding of examination policies and procedures.
• Observe the interaction between the FDIC and Bank personnel.
• Respond to questions from other examiners regarding their section of the Report of Examination.
• Review the Community Reinvestment Act of an institution and participates in discussions for assigning the institution's rating.
• Prepare a summary of each performance factor describing why rating was assigned.
• With the assistance of an experienced examiner, participate in meetings as appropriate.
• Prepare a written summary of what was observed during the meeting/interview for input into the report or memo.

Requirements

Conditions of Employment

• U.S. Citizenship
• Registration with the https://www.sss.gov.
• 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, interns must complete 480 hours of work experience (up to 160 hours may be waived based on exceptional job performance in the position and a 3.5 overall GPA or better on a 4.0 scale; or top 10 percent standing in graduating class; 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 FIS position, which includes six (6) semester hours in accounting coursework; meet the requirements of the FDIC Pathways Internship Program 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:

1. Basic knowledge of compliance and related concepts.
2. Ability to research, analyze and interpret findings.
3. Ability to obtain and analyze information and data from various sources and develop conclusions and recommendations.
4. Ability to work as a member of a team.

Additional information

See Vacancy Announcement.

• 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.
  
  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.

How You Will Be Evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

See Vacancy Announcement.

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.
  
  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.
• 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.
  
  See Vacancy Announcement.
  
  
  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 for information on the Financial Management Scholars Program and to access the vacancy announcement for instructions on how to apply.
  
  Agency contact information
  
  FMS HRB
  
  Phone
  
  703-915-6784
  
  TDD
  1-800-925-4618
  Fax
  000-000-0000
  Email
  
  FMSProgram@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
  
  See Vacancy Announcement.
• 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

See Vacancy Announcement.


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 for information on the Financial Management Scholars Program and to access the vacancy announcement for instructions on how to apply.

Agency contact information

FMS HRB

Phone

703-915-6784

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

FMSProgram@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

See Vacancy Announcement.

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