Jobs and Internships with the FDIC – Deadline Dec 1!

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This email is to remind you of the FDIC’s current vacancy announcements.  The Financial Management Scholars (FMS) Program ends on Friday, December 1 at 11:59 pm (Eastern Time).  The Corporate Employee Program (CEP) ends on Friday, December 1 at 11:59 pm (Eastern Time). Please do not hesitate to share these opportunities, and let me know if you have questions.

Attached to this email are updated one pagers with pertinent information about each Program.  The documents contain links to the vacancy announcements on USAJOBS.  For your convenience, the links are also provided below:

Corporate Employee Program

This posting is catered to current students and persons who hold a “recently earned” degree.  This type of announcement has stipulations around graduation date that must be met, per the language on the vacancy.  A non-veteran applicant would need to have graduated within two years of the date of their application for consideration, while veterans have up to six years to apply due to their military service obligation.

Financial Management Scholars

 FMS is a paid internship program. It provides highly-qualified college students majoring in economics, business administration, finance, accounting, and related fields with hands-on experience evaluating bank operations, business planning, risk management strategies, and consumer protection practices during a period in which banks are still recovering from the recent financial crisis.

Program participants will attend a one-week orientation session in Washington, DC, followed by nine weeks of on-the-job training in one of the FDIC’s field offices (over 40 internship locations are available nationwide – we don’t have a location in the state of Hawaii). Scholars will work on teams with experienced FDIC employees in their assigned field offices to ensure that banks are following safe and sound banking practices, maintaining effective internal controls and procedures, managing their institutions effectively, and/or complying with all applicable consumer protection, fair lending, and other laws and regulations. Participants will return to Washington, DC, for the program’s capstone week to share their experiences and participate in a skills assessment. At the end of the program, some program participants will receive post-graduation employment offers with the FDIC.

Extensive overnight travel may be required. Bank examinations are conducted on-site at banks, sometimes at great distance from the FDIC office. Scholars are reimbursed for travel expenses, but are responsible for providing their own transportation to bank examination sites. Public transportation is often unavailable. (FDIC employees generally drive their personal automobiles to bank exams and are reimbursed for mileage.)

Minimum Educational and Other Requirements:

  1. U. S. citizenship.
  2. Enrolled at least half-time in a bachelor’s degree program at an accredited college or university.
  3. Completion of the junior year with a major in economics, business administration, accounting, or a related field, an overall GPA of 3.25, and a planned graduation date between December 2018 and December 2019.
  4. Successful completion of the FDIC’s background investigation requirements.