Financial Institution Intern (Compliance)

Federal Deposit Insurance Corporation•San Francisco, CA

About The Position

The Financial Institution Internship (FII) is a paid, one-year internship assigned to the FDIC’s Division of Depositor and Consumer Protection (DCP), with internships beginning in May 2027. Interns primarily participate in insured financial institution examinations under the direction and supervision of an Examiner or a higher-graded team member. The internship may lead to a post-graduation employment offer. After successful completion of program requirements, and based on FDIC needs, an intern may be eligible for noncompetitive conversion to a Financial Institution Specialist (Compliance), CG-570-7 position in the competitive service, with promotion potential to CG-13. Conversion is not automatic or guaranteed. The position involves assessing compliance management systems and reviewing bank disclosures, statements, advertisements, loan application records, notices, and files for compliance with applicable regulations. Interns also learn about the Community Reinvestment Act examination process and prepare summaries supporting assigned performance-factor ratings. Interns must maintain student eligibility and a cumulative GPA of at least 3.0. They must meet FDIC ethical and employment conditions, including required background investigation and program agreements. Travel expenses for examinations are reimbursed, but interns are responsible for transportation to examination sites where public transportation may be unavailable. FDIC employees receive standard federal benefits and may be eligible for additional FDIC-specific benefits at minimal cost.

Requirements

Be a U.S. citizen.
Have completed two full academic years in an accredited college or university degree program by the announcement closing date.
Be pursuing 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 directly related to the position.
Have an overall GPA of at least 3.0 on a 4.0 scale; the posting notes that GPA is rounded to one decimal place under OPM guidance.
Meet and maintain a cumulative GPA of at least 3.0 and maintain student eligibility for the duration of the internship.
Submit an official or unofficial transcript with the application.
Complete the FDIC Pathways Internship Program Participant Agreement and Financial Institution Examiner Agreement.
Complete a National Agency Check Investigation (NACI).
Complete a Confidential Financial Disclosure if required.
Register for Selective Service if a male born after December 31, 1959.
Provide the specified employment and education details in the resume, including employer, title, dates, hours per week, relevant experience, school, degree type, and GPA.
Meet applicable FDIC ethical standards and restrictions for Financial Institution Examiners.
Serve a one-year probationary period, or a two-year trial period if applicable, if required as a condition of employment.

Responsibilities

Assess the adequacy and strength of a financial institution’s Compliance Management System to evaluate ongoing compliance with the regulation under review.
Review initial disclosures, periodic statements, advertisements, and other information to assess procedures and compliance with Truth in Savings, Electronic Fund Transfers, and Expedited Funds Availability requirements.
Review a Home Mortgage Disclosure Act loan application register for accuracy and assess the bank’s overall reporting procedures.
Review adverse action notices for compliance with Fair Credit Reporting and Equal Credit Opportunity requirements and gain exposure to applicable lending-related regulations.
Participate in discussions of the overall examination process, including evaluation of the bank’s Compliance Management System.
Review applicable regulations and the examination manual to learn about the Community Reinvestment Act.
Examine samples of residential, consumer, commercial, and agricultural files for compliance with Flood Insurance requirements.
Prepare a summary of each performance factor describing the basis for its assigned rating.