The Financial Institution Internship (FII) is a one-year paid internship that may lead to a post-graduation employment offer as a Financial Institution Specialist. Financial Institution Interns will be assigned to the Division of Depositor and Consumer Protection (DCP) of the Federal Deposit Insurance Corporation (FDIC). Internships will begin May 2027.
Duties
Interns will be engaged primarily in insured financial institution examinations. Under the direction and supervision of an Examiner or higher graded team member, the incumbent will participate in and/or independently perform the following:
- Assesses the adequacy and determines the strength of the Compliance Management System to ensure ongoing compliance as related to the particular regulation under review.
- Examines initial disclosures, periodic statement, advertisements, and other information to evaluate procedures and compliance with Truth in Savings, Electronic Fund Transfers, and Expedited Funds Availability.
- Reviews the Home Mortgage Disclosure Act (HMDA) loan application register for accuracy and assesses a bank’s overall reporting procedures.
- Reviews adverse action notices for compliance with Fair Credit Reporting and Equal Credit Opportunity, and to gain a cursory exposure to applicable lending-related regulations.
- Participates in discussing the overall examination process, including evaluating the bank’s Compliance Management System.
- Reviews applicable regulations and examination manual to become informed about the community Reinvestment Act (CRA).
- Examines a sample of residential, consumer, commercial and agricultural files to determine compliance with Flood Insurance requirements.
- Prepares a summary of each performance factor describing why rating was assigned.
Program Completion and Conversion Eligibility:
Conversion is not automatic nor guaranteed. After successful completion of the program requirements and based on the FDIC’s needs, you may be non-competitively converted to the Financial Institution Specialist (Risk Management), CG-570-7 position in the competitive service with promotion potential to the CG-13 grade level. For more information regarding the FII program, visit: Financial Institution Intern Program | FDIC.gov.
Requirements
Conditions of employment
- U.S. Citizenship is required.
- Completion of Confidential Financial Disclosure may be required.
- Males born after 12/31/1959, must be registered for Selective Service.
- National Agency Check Investigation (NACI) required
- Completion of FDIC Pathways Internship Program Participant Agreement
- Completion of Financial Institution Examiner Agreement.
- Meet and maintain a cumulative GPA of 3.0 or higher on a scale of 4.0.
- Must maintain student eligibility for the duration of internship.
Qualifications
To be eligible, applicants must meet the following requirements by the closing date of this announcement:
- Have completed two full academic years in an accredited college/university degree program.
- Be seeking a degree at an accredited college/university with a MAJOR in accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or other fields related to the position (Major should be documented in the transcript or proof of enrollment).
- Have an overall GPA of 3.0 or higher on a 4.0 scale
- Note: OPM guidance rounds GPAs to one decimal place (e.g., 2.95 = 3.0; 2.94 = 2.9).
Resume Content Required for Qualification Determinations
For each position on your resume, include:
- Employer name;
- Title;
- Series and grade (federal jobs only);
- Start and end dates (month/year);
- Hours per week;
- Relevant experience supporting your specialized experience responses.
- Education information
- Name of school/institution
- Degree type
- Grade point average (GPA)
Important: If your resume is missing these details, your application may be marked incomplete, and you might not be considered for this job.
Do not copy/paste duties or from this announcement into your resume; that will not be considered a demonstration of your qualifications.
Education
You must meet the educational requirement to qualify for this internship. Your undergraduate or graduate-level education must be in one of the following major fields of study:
- Accounting
- Banking
- Business Administration
- Commercial or Banking Law
- Economics
- Finance
- Marketing
- Other major fields of study directly related to the position
Due to the education requirement of this position, an official or unofficial transcript must be submitted at the time of application. If transcripts are not received, you will be rated as ineligible.