Federal Deposit Insurance Corporation (FDIC)
Job Title: Financial Institution Specialist (Trainee)
Locations: Approximately 100 positions to be filled at multiple locations
Duration: 3-4 year training program leading to professional certification as a commissioned bank examiner (upon successful completion of an initial two-year excepted service appointment under the FDIC’s Recent Graduates Program, trainees will be non-competitively converted to a permanent career appointment to complete the remainder of the training program).
Compensation: Salaries start at $51,279-$68,938 per annum, depending on location, with regular salary increases and an excellent vacation and benefits package.
Duties: This is an entry-level trainee position with the Federal Deposit Insurance Corporation, one of the nation’s premier bank regulatory agencies. Financial Institution Specialist (FIS) positions are located at 85 FDIC office locations throughout the U.S. Successful applicants are placed in a 3-4 year training program leading to professional certification as a commissioned bank examiner or resolutions and receivership specialist. The program includes both formal classroom and on-the-job training, and every participant is assigned an individual coach or mentor. Participants receive regular grade and pay increases during the program as they complete established training benchmarks. During the first year of the program, participants perform rotational assignments to become familiar with the Corporation’s major business functions. They are then placed in one of three disciplines to complete the requirements for a commission: (1) Risk Management (to evaluate the financial condition of insured institutions); (2) Compliance/Consumer Protection (to ensure compliance with fair lending, consumer protection, and community reinvestment statutes and regulations); or
(3) Resolutions/Receivership Management (to oversee the closure of failed financial institutions and management of the ensuing receiverships).
FISs typically work in teams and often must travel extensively to conduct on-site exams or close failed banks. They assess 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. They also participate in activities related to the closing and sale of failing financial institutions and the management of the ensuing receivership, including the management and disposition of failed bank assets. The FDIC seeks applicants with strong analytical and quantitative skills, knowledge of the basic principles of accounting and finance; the ability to communicate effectively both verbally and in writing, the ability to work both independently and in teams, and an interest in public service.
How to Apply: If you are interested, apply online at the following web site by April 29, 2014: http://www.fdic.gov/about/jobs/safeguardyourfuture. The best qualified applicants will be invited to Washington, DC, for interviews at FDIC expense during the week of June 23-28, 2014.