Financial Institution Intern (Risk Management)

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.

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: 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 and evaluation

You will be evaluated on application materials, questionnaire responses, and required assessments. Cheating may result in removal from consideration. Below are the competencies you will be assessed on: Attention to Detail Flexibility Interpersonal Skills Learning Problem Solving Self-Management Technology Application Writing Oral Communication Accounting Reasoning Arithmetic/Mathmatical Reasoning You do not need to respond separately to these competencies. Applicants who meet the minimum qualifications will be assigned to one of three category levels-Best Qualified, Highly Qualified, or Qualified-according to the degree to which their background and responses to the assessment align with the competencies identified for this position. Veterans' preference is applied within categories; eligible veterans are afforded priority consideration over non-veterans. You may preview the application questionnaire for this vacancy here: https://apply.usastaffing.gov/ViewQuestionnaire/13083662

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.

How to apply

To begin, click the "Apply" button and follow the prompts. If you haven't already, register and establish a USAJOBS account. After you register online, click the "Apply" button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click "Submit Application" to complete the application process. You must apply online. To return to your saved application, log in to your USAJOBS account and click on "Applications" tab. Click on the "Position Title," and then select "Update Application" or "Additional Application Information" to continue. You have until 11:59 p.m. ET (Eastern Time) on the closing date (10/30/2026) of this announcement to complete the application process. Please ensure you have completed the application process by verifying the status of your application on-line to reflect: "Received". Failure to complete the application process will result in an incomplete application and you will not be considered for the position. If you are required to complete any USA Hire Assessments, you will be notified after submitting your application. The notification will be provided in your application submission screen and via email. The notification will include your unique assessment access link to the USA Hire system and the completion deadline. Additionally, in USAJOBS you can click "Track this application" to return to your assessment completion notice. Access USA Hire using your unique assessment link. Access is granted through your USAJOBS login credentials. Review all instructions prior to beginning your assessments. You will have the opportunity to request a testing accommodation before beginning the assessments should you have a disability covered under the Rehabilitation Act of 1973 as amended. Set aside at least 3 hours to take the USA Hire Assessments; however, most applicants complete the assessments in less time. If you need to stop the assessments and continue later, you can re-use your unique assessment link. Your responses to the USA Hire Assessments will be reused for one year (in most cases) from the date you complete an assessment. If future applications you submit require completion of the same assessments, your responses will be automatically reused.

Required documents

For all applicants (please read carefully): Two-page resume showing relevant work experience (paid and unpaid), duties performed, employer name, start/end dates (month/year), hours worked, series and grade (federal jobs only), and education/training (name of school/institution, completion date, degree type, GPA. Education Documents: Education must be from accredited institutions. For a list of accredited educational institutions, click here. Unofficial transcripts are required at the time of application. If selected, an official transcript is required. If you attended more than one school, combine multiple transcripts into one document. Proof of Enrollment: 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. If applicable: Veterans Documentation: DD-214 showing character of discharge (Member Copy 4 or 2), SF-15, VA letter, or certification of expected honorable discharge within 120 days. For more information on special hiring authorities for veterans, click here. Foreign Education: Foreign education must be evaluated by a private organization showing equivalency to accredited U.S. programs. For more information, click here.

Additional information

Refer to these links for more information: Job Applicant Rights and Responsibilities; Selective Service System; Employment Conditions. The pay range includes base pay plus locality. Locality rates vary by duty location from 17.06% to 51.75%. Pay varies by grade level and duty location. See FDIC Benefits & Compensation for locality details. Interns are reimbursed for travel expenses but are responsible for their own transportation to bank examinations sites where public transportation may not be available. 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. As a condition of employment for accepting this position, you may be required to serve a 1-year probationary period (or 2-year trial period, if applicable) during which we will evaluate your fitness and whether your continued employment advances the public interest. In determining if your employment advances the public interest, we may consider: your performance and conduct; the needs and interests of the agency; whether your continued employment would advance organizational goals of the agency or the Government; and whether your continued employment would advance the efficiency of the Federal service. Upon completion of your probationary period (or trial period) your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest. After we select a candidate, we may share the remaining list of qualified candidates with other federal agencies. You can opt-in if you want us to share your name, application material and assessment results for similar jobs with other agencies. There is no guarantee of further consideration, and you can continue to explore and apply to other job announcements. Reasonable Accommodation (RA) Requests: If you believe you have a disability (i.e., physical or mental), covered by the Rehabilitation Act of 1973 as amended that would interfere with completing the USA Hire Competency Based Assessments, you will be granted the opportunity to request a RA in your online application. Requests for RA for the USA Hire Competency Based Assessments and appropriate supporting documentation for RA must be received prior to starting the USA Hire Competency Based Assessments. Decisions on requests for RA are made on a case-by-case basis. If you meet the minimum qualifications of the position, after notification of the adjudication of your request, you will receive an email invitation to complete the USA Hire Competency Based Assessments, based on your adjudication decision. You must complete all assessments within 48 hours of receiving the URL to access the USA Hire Competency Based Assessments if you received the link after the close of the announcement. To determine if you need a RA, please review the Procedures for Requesting a Reasonable Accommodation for Online Assessments.