Financial Institution Intern (RMS)

FDIC; Hoover (AL); On-site; USD 42,000 - 54,000; Full time

Job summary

FDIC's Financial Institution Internship (FII) is a one-year paid program with a potential post-graduation offer as a Financial Institution Specialist (Risk Management). Interns will work in the Division of Risk Management Supervision on insured financial institution examinations starting May 2027.

Additional selections may be made later from this announcement. Interns will gain hands-on experience reviewing reports, evaluating procedures, conducting audit tests, and assisting in various phases

Qualifications

• Must have completed two full academic years in an accredited college/university degree program.
• Majors include accounting, banking, business administration, banking law, economics, finance, marketing or related fields.
• Overall GPA of 3.0 or higher on a 4.0 scale; GPA rounds per OPM guidance.
• Official transcripts must be submitted at the time of application.

Responsibilities

• Review and determine accuracy of consolidated Reports of Condition and Income.
• Evaluate adequacy of insured institutions' procedures and internal controls.
• Perform audit test checks on income/expense accounts and assist in analysis of earnings.
• Compute capital ratios and review capital account activity since prior examination.
• Review liquidity and analyze fluctuations in loans, securities, deposits, and borrowings.
• Prepare drafts of schedules/exhibits/comments for the examination report.

Education

Two full academic years

Accounting or related major

GPA 3.0+ (4.0 scale)

Transcript required at application

Job description

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.

Requirements

Conditions of employment

• U.S. Citizenship is required.

• Completion of Confidential Financial Disclosure may be required.

• Males born after 12/31/1959, must be registered for Selective Service.

• National Agency Check Investigation (NACI) required

• Completion of FDIC Pathways Internship Program Participant Agreement

• Completion of Financial Institution Examiner Agreement.

• Meet and maintain a cumulative GPA of 3.0 or higher on a scale of 4.0.

• Must maintain student eligibility for the duration of internship.

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.

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;
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.