Announcement details
- USAJOBS control number
- 889329400
- Occupational series
- 0599
Summary
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 Risk Management Supervision (RMS). Internships will begin May 2027. Additional selections may be made from this announcement to fill identical vacancies that arise later.
Responsibilities
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: Reviews and determines the accuracy of the consolidated Reports of Condition and Income. Assists in evaluating the adequacy of the insured financial institutions procedures and internal routine and controls. Performs audit test checks on income and expense accounts and assists in the preparation of other information requisite to a thorough analysis of the earnings of the institution. Computes capital ratios, reconciles capital accounts, and reviews capital account activity since the previous examination. Assists in the review of liquidity including the analysis of fluctuations in loans, securities, deposits, and borrowings. Participates in other phases of an examination as assigned. Prepares drafts of schedules, exhibits, and comments for inclusion in the completed report of examination. Reviews fixed asset accounts and assists in assessing the adequacy of related insurance coverage; reviews depreciation entries both on the general ledger and for income tax purposes. Assists in reviewing and determining the adequacy of fidelity and other indemnity protection. 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.
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.
Benefits
FDIC employees receive the standard Federal benefits and may be eligible for additional FDIC-specific benefits, at minimal cost.