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. Please see the Clarification from Agency and Additional Information sections below for more information on telework options.  

Duties

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:

Requirements

• 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.

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 2024 and December 2025.   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: Basic knowledge of compliance and related concepts. Ability to research, analyze and interpret findings. Ability to obtain and analyze information and data from various sources and develop conclusions and recommendations. Ability to work as a member of a team.

Contacts

• Address Federal Deposit Insurance Corporation Human Resources Service Center 3501 Farifax Drive HRB (PA-1730-5007) Arlington, Virginia 22226 United States
• Name: FMS HRB
• Phone: 703-915-6784
• Email: [email protected]