Financial Institution Intern (Compliance)

Clarification from the agency

Students enrolled or accepted for enrollment in a degree-seeking program from an accredited educational institution on a full or half-time basis; will have completed at least the sophomore year in college by the closing date of this announcement; have a cumulative grade point average of at least 3.0; are majoring in a certain specified field, (see Qualifications Required); and are in good academic standing.

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.

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).

• 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)

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

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/Mathematical Reasoning

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.

• 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.

Next steps

Additional locations