Job Title: Financial Institution Intern (Compliance), CG-0599-04, (This ad serves as the Public Notice)

Duties
Financial Institution Interns will be assigned to the Division of Depositor and Consumer Protection (DCP). Interns will work directly on teams with experienced FDIC employees to evaluate FIDC-insured institutions' compliance with fair lending and consumer protection laws and regulations. These teams are responsible for assessing financial institutions to determine whether they are maintaining effective 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 a higher grade 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 (senior management oversight; compliance program, including the elements of policies, monitoring, and training; and audit procedures) to ensure ongoing compliance as related to the particular regulation under review. Conducts reviews and assessments of the following:

• 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/or agricultural files to determine compliance with consumer laws and regulations. Reviews applicable regulations and examination manual to become informed about the Community Reinvestment Act (CRA).
Participates in discussing the overall examination process including evaluating the bank's Compliance Management System (senior management oversight; compliance program, including the elements of policies, monitoring, and training; and audit procedures). Asks questions to gain clarification and understanding of examination policies and procedures.

• Observes the interactions between the FDIC and Bank personnel.
• Responds to questions from other examiners regarding his/her section of the Report of Examination.
• Reviews the CRA of an institution and participates in discussion for assigning its rating.
• Prepares a summary of each performance factor describing why rating was assigned.
• With the assistance of an experience examiner, participates in meetings as appropriate.
• After the meeting, asks questions and discusses exam findings with the examiner-in-charge or higher graded team member.

Requirements

Conditions of Employment
Applicant 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 Financial Institution Internship.
The applicants selected will be offered a position in the FDIC Pathways Internship Program. The starting date of employment is expected to be approximately May 2025, and this appointment may continue post summer as long as the incumbent remains a student. After successful completion of the program requirements and based on the FDIC's needs, the selectees may be non-competitively converted to the Financial Institution Specialist (Compliance), CG-570-7 position in the competitive service with promotion potential to the CG-12 grade level.
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.
Interns being considered for conversion will complete and must pass an automated writing assessment to be eligible for a post-internship employment offer. Interns who pass the writing assessment will participate in an additional skills assessment. Interns entering the program will be non-competitively converted to a term appointment as a FIS. Upon successful completion of the program, FIS's may be non-competitively converted to a permanent appointment. Service in the FDIC Pathways Internship program confers no right to further employment in the competitive or excepted service.
Completion of Financial Disclosure may be required.
Registration with the Selective Service.
U.S. Citizenship is required.
Employment Conditions.
Minimum Background Investigation (MBI) required.

Qualifications

To be eligible applicants must:

• 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 at least a cumulative (overall) 3.25 GPA (requirement must be met before the announcement closes);
• Have completed two full academic years towards the degree (requirement must be met by the first day of employment); Submit all required documents (must be submitted by the closing date of this announcement) To view the required documents, locate the "How to Apply" tab.

Education
See education requirements stated under QUALIFICATIONS

Additional information

Selectees for this position will be required to report in person to an FDIC office or financial institution at their supervisor's discretion.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
If selected, you may be required to serve a trial period.
All selectees must sign an FDIC Pathways Internship Participant Agreement.
The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 16.82% to a high of 24.42%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. For more on FDIC locality rates, click here.
Extensive travel may be required as bank examinations are conducted on-site at banks, sometimes at great distance from the FDIC office. Interns are reimbursed for travel expenses but are responsible for their own transportation to bank examinations sites where public transportation may not be available.
Interns my elect to receive a $2500 stipend (in addition to bi-weekly salary) at the beginning of the program. Certain stipulations apply. Interns are responsible for their own housing.
Relocation benefits are not authorized during the period of the internship. If conversion occurs into the Financial Institution Specialist (FIS) program, relocation benefits may be provided in accordance with FDIC policy. Interns will be responsible for their own travel expenses to the duty location where they are appointed for internship.
Financial Institution Examiners must maintain the highest personal ethical standards as provided in Part 336 of the FDIC's Rules and Regulations, (Employee Responsibilities and Conduct). Financial Institution Examiners must comply with Section 3201.102 of Supplemental Standards of Ethical Conduct for FDIC Employees (5 CFR Part 3201), which, in part, prohibits them and their immediate families from accepting certain credit from State nonmember banks.

All Financial Institution Examiners are prohibited from the following:
1. Obtaining a loan or a line of credit from any insured state nonmember bank or its subsidiaries. Any extensions of credit held by the Examiner, the Examiner's spouse, or any dependent children are direct or indirect extensions of credit to the Examiner.
Exceptions:
a. Loans for a primary residence are permissible. The Examiner must not participate in any examination of that institution with which he holds the primary residence loan, and a "cooling off" period is required before negotiating a loan for a primary residence from any institution the Examiner has examined.
b. No restrictions on obtaining credit cards issued under the same terms and conditions available to the public from an insured state nonmember bank either within or outside of their field office of assignment.
2. Participating in any examination, or other matter, involving an insured depository institution or any person with whom the Examiner has an outstanding loan or line of credit.
3. Performing any service for compensation with any bank, or for any officer, director, or employee thereof, or for any person connected therewith.
4. Disclosing any confidential information from a bank examination report except as authorized by law.
5. Soliciting or accepting any gift from a prohibited source or because of the Examiner's official position.

• 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.
In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. 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 will be evaluated for this job based on how well you meet the qualifications above.
Your application package will be reviewed to determine if you meet the eligibility and qualification requirements outlined in this announcement. The application package must include all required supporting documents (on-line assessment questionnaire, resume, and all transcripts). Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, the average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level.
If you meet the basic eligibility and qualification requirements and have submitted all required documents, your application package may be forwarded to the selecting official for further review and consideration based on FDIC's needs. At the time of interview, you will need to ensure that you have two references who have personal knowledge of your qualifications, one of which needs to be a current or past professor or faculty member at your college or university.
Qualified applicants who are eligible for veterans' preference will have selection priority.

You may preview questions for this vacancy.

• 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.
In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. 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.

• 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.

Along with providing the Online Assessment Questionnaire, you must provide the following:
1. A resume (by the closing date of this announcement). Note: Your resume should include your graduation date or anticipated graduation date.
2. EDUCATION DOCUMENTS: A copy of all college transcripts (an unofficial transcript is acceptable) showing:

• Classes you are currently enrolled (by the closing date of this announcement)
• Overall cumulative GPA (by the closing date of this announcement) If you are not a student enrolled in the current semester, you must submit proof of enrollment in the upcoming semester (i.e., letter from the registrar's office or acceptance letter from an accredited educational institution). If you are a student who is enrolled in the current semester and your transcript does not show current enrollment or if you have completed the semester and your transcript does not show enrollment for the upcoming semester, you must submit proof of continued enrollment (i.e., letter from the registrar's office or course enrollment print out, etc.). Your transcript or registrar's letter must document the educational requirements for this position.
Education must be from an accredited educational institution. For a listing of accredited educational institutions, http://ope.ed.gov/accreditation/. If you attended more than one university and need to send multiple transcripts, please upload all transcripts as one document.
VETERANS' PREFERENCE: If you are claiming veterans' preference, click here . (Note: Veterans must submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty - or other copy showing the type of discharge/character of service [e.g., Honorable, Under Honorable Conditions, etc.] along with any other required documents (e.g., DD-214, VA Letter, SF-15, etc.) to demonstrate veterans' preference eligibility.)

Incomplete application packages will not be considered.

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 .
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.

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Click here to apply for the position.