Apply while you can!! This exclusive opportunity closes on 12/03 at 11:59 PM, Eastern Standard Time (EST).
Start your career in the company of great minds.
Make an impressive career move to the FDIC by combining your academic studies with on-the-job experience. You’ll be in a prime position to learn about what it’s like to work at the FDIC, get to know your peers, and explore all the possible directions your career can take – even before you graduate. The FDIC is currently recruiting recent graduates for the highly selective Financial Institution Specialists for the division of Risk Management Supervision.
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.
Successful applicants will start with the FDIC beginning March 2021 or after.
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.
- 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 conducts 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.
If you are interested in pursuing this opportunity, we are currently accepting applications for select locations. As an applicant, you may select up to five (5) of these locations for consideration.
San Francisco, CA
Cedar Rapids, IA
Des Moines, IA
Mount Vernon, IL
Salt Lake City, UT
Eau Claire, WI
Annual salary ranges from $53,355 to $73,430 per year, depending on location. Scholars also earn vacation and sick leave.
Minimum Educational and Other Requirements:
1. U. S. citizenship.
2. Must have graduated within the last two years, or will graduate by June 30, 2021 and have completed a qualifying associates, bachelors, masters, professional, doctorate, vocational or technical degree or certificate from a qualifying educational institution with a major course of study in accounting, banking, business administration, commercial or banking law, economics, finance, marketing or other related fields.
3. Very frequent overnight travel, up to 3 weeks per month (most locations).
4. MUST be available for virtual assessments January 27-29, 2021..
5. Successful completion of the FDIC’s background investigation requirements.