Financial Institution Intern (Risk Management)

Federal Deposit Insurance Corporation•Hoover, AL

About The Position

The Financial Institution Internship (FII) is a one-year paid internship assigned to the Division of Risk Management Supervision (RMS), beginning in May 2027. Interns primarily participate in examinations of insured financial institutions, working under the direction and supervision of an Examiner or a higher-graded team member. The internship may lead to an offer of post-graduation employment as a Financial Institution Specialist, but conversion is not automatic or guaranteed. Following successful completion of program requirements and depending on FDIC needs, an intern 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. Interns review financial reports and accounts; assist with assessments of institution procedures, controls, earnings, capital, liquidity, fixed assets, insurance coverage, and indemnity protection; and prepare draft materials for examination reports. Applicants must meet the education and GPA requirements and maintain student eligibility throughout the internship. The internship requires completion of program and examiner agreements, and may require a one-year probationary period or, if applicable, a two-year trial period.

Requirements

U.S. citizenship is required.
Complete two full academic years in an accredited college or university degree program by the announcement closing date.
Be seeking a degree at an accredited college or university, with a major in accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or another field related to the position.
Have an overall GPA of at least 3.0 on a 4.0 scale; maintain a cumulative GPA of at least 3.0 and student eligibility throughout the internship.
Submit an official or unofficial transcript with the application.
Complete the FDIC Pathways Internship Program Participant Agreement and the Financial Institution Examiner Agreement.
Complete a National Agency Check Investigation (NACI).
Complete a Confidential Financial Disclosure if required.
Males born after December 31, 1959, must be registered for Selective Service.
Maintain the ethical standards and comply with the applicable FDIC employee conduct and credit restrictions for examiners.
Provide a resume with employer, position title, employment dates, hours per week, relevant experience, and federal series and grade where applicable; include school, degree type, and GPA.

Responsibilities

Review and determine the accuracy of consolidated Reports of Condition and Income.
Assist in evaluating insured financial institutions’ procedures, internal routines, and controls.
Perform audit test checks on income and expense accounts and assist in preparing information for analysis of institutional earnings.
Compute capital ratios, reconcile capital accounts, and review capital account activity since the previous examination.
Assist with liquidity reviews, including analysis of fluctuations in loans, securities, deposits, and borrowings.
Participate in other examination phases as assigned.
Prepare drafts of schedules, exhibits, and comments for inclusion in completed examination reports.
Review fixed asset accounts and assist in assessing the adequacy of related insurance coverage.
Review depreciation entries in the general ledger and for income tax purposes.
Assist in reviewing and determining the adequacy of fidelity and other indemnity protection.