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Financial Institution Intern (Compliance)

Federal Deposit Insurance Corporation
5 days ago
Full-time
On-site
San Francisco, California, United States
$53,241 - $53,241 USD yearly
HR Technology, Systems, and Operations

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:

  • Assesses the adequacy and determines the strength of the Compliance Management System to ensure ongoing compliance as related to the particular regulation under review.
  • Examines initial disclosures, periodic statement, advertisements, and other information to evaluate procedures and compliance with Truth in Savings, Electronic Fund Transfers, and Expedited Funds Availability.
  • Reviews the Home Mortgage Disclosure Act (HMDA) loan application register for accuracy and assesses a bank's overall reporting procedures.
  • Reviews adverse action notices for compliance with Fair Credit Reporting and Equal Credit Opportunity, and to gain a cursory exposure to applicable lending-related regulations.
  • Participates in discussing the overall examination process, including evaluating the bank's Compliance Management System.
  • Reviews applicable regulations and examination manual to become informed about the community Reinvestment Act (CRA).
  • Examines a sample of residential, consumer, commercial and agricultural files to determine compliance with Flood Insurance requirements.
  • Prepares a summary of each performance factor describing why rating was assigned.

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 (Compliance), 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; 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.

Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.