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Quality | Compliance | Protection: The FDIC’s Financial Institution Specialist
Be counted among the most brilliant minds at the FDIC. We offer an exciting entry-level opportunity for college seniors and recent graduates in our premier bank examiner ranks. Our Financial Institution Specialist (FIS) position will place you on the front lines of America’s banking and financial services industry, performing mission-critical work and traveling the country in a unique role that only a few experience. As a FIS, you’ll get the skills you need to handle the ever changing requirements of the industry and learn everything you need to know to prepare for and advance in your career, while earning a competitive salary with incomparable benefits.
Successful applicants will join a team of experienced bank examiners within the FDIC’s Division of Depositor and Consumer Protection (DCP) who travel across the U.S. to use their expertise on finance and banking law to evaluate the compliance of FDIC-insured institutions with fair lending laws and regulations. They also assess an institution’s community reinvestment performance.
As a FIS with DCP, you will participate in the assessment of financial institutions to ensure consumers and depositors are treated fairly and operate in compliance with federal consumer protection, anti-discrimination, and community reinvestment laws; and promoting economic inclusion by helping to build and strengthen positive connections between insured financial institutions and consumers, depositors, small businesses, and?communities. Financial Institution Specialists also:
Evaluate compliance with applicable consumer protection, fair lending and civil rights laws and regulations, Community Reinvestment Act, and related enforcement responsibilities, through targeted compliance examination reviews.
Research, compile, manipulate, and/or evaluate data to prepare a variety of documents, management reports and presentations.
Identify and report unusual transactions, irregularities, weaknesses or deficiencies to a higher-graded specialist/examiner and/or supervisor.
Utilize computer software programs to perform analysis and generate applicable reports and documents.
Attend meetings with FDIC officials, attorneys, representatives of financial institutions or other private sector representatives, and/or other federal and state regulatory agency officials to discuss issues of mutual concern when applicable, and under the guidance of higher-graded specialists/examiners and/or supervisors.
Meet with and conduct interviews of institution personnel of various levels to determine their awareness of current laws and regulations, obtain information and documents, and provide feedback regarding examination activities.
Prepare examination reports and related documents (examination scope memoranda, work papers, compliance examination reports, CRA performance evaluations, visitation reports, and consultation memoranda when applicable).
Participate as members of the compliance examination team by ensuring that their portion of an examination is completed timely; communication with co-workers regarding work performed on an examination; and, sharing information with co-workers.
At the FDIC, we are committed to personal and professional growth opportunities for all of our employees.? Our FIS position includes both formal classroom and on-the-job training to ensure that you are equipped with the tools needed for success.?As a FIS, you can also anticipate receive regular non-competitive grade and pay increases during the program as you complete established training benchmarks.
If you are interested in pursuing this opportunity, we are currently accepting applications for select locations. As an applicant, you may select up to three of these locations for consideration. Please note: Starting salaries range from $53,340 to $73,140 per year, depending on location, with regular salary increases and an excellent vacation and benefits package.
Successful applicants will start with the FDIC beginning in March 2020. Those positions are open to college and university students as well as recent graduates with majors in economics, accounting, finance, business administration, and related fields.
Qualifying experience may be obtained in the Private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g. Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic, religious spiritual; community; student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
Applicants may qualify based on education, work experience, or a combination of both, as defined below:
A. Has received within the last two years, or if not already graduated, will receive by June 30, 2021, a bachelor’s degree from an accredited college or university that included the following: (a) completion of a major course of study in accounting, banking, business administration, commercial or banking law, economics, finance, marketing or other related fields; (b) completion of at least 24 semester hours of combined course work in business administration, accounting, finance, marketing, mathematics, statistics, or economics that included at least 6 semester hours in accounting; and (c) fulfillment of one or more of the requirements listed below for Superior Academic Achievement (SAA).
Additional Salary Information: Salary based on location
About Federal Deposit Insurance Corporation (FDIC)
The FDIC is one of the nation's premier financial regulatory agencies. Its mission is to promote stability and public confidence in the U.S. financial system, and its employees have an opportunity to pursue meaningful public service careers that have a direct impact on consumers and depositors throughout the U.S. by overseeing banks to ensure that they operate in a safe and sound manner and comply with consumer protection, fair lending, and other laws and regulations; insuring customer deposits in FDIC-insured banks; and serving as receiver for insured banks that fail. The FDIC has been recognized for several years as a top-ranked Federal government agency because of the importance of its mission and its outstanding pay and benefits, employee training and development opportunities, commitment to diversity, and work-life balance.