Financial Institution Specialist (Risk Management)

Federal Deposit Insurance Corporation•Downers Grove, IL

10d

About The Position

The Financial Institution Specialist (FIS) position in the FDIC’s Division of Risk Management Supervision is geared toward becoming a commissioned bank examiner. FISs participate in work assignments at and outside their official duty station. The duty location is determined upon selection, and overnight travel is required, varying by location. Employees may be subject to relocation to any duty location to meet management needs. The position assists with evaluating financial institutions’ market-risk sensitivity, internal measurement and control systems, policies, capital and strategic plans, dividend policies, and regulatory compliance. It also involves reviewing non-complex securities and investments, assessing risk exposure and management of investment activity, and assigning classifications in accordance with examination policies. The specialist prepares examination work papers and written products, communicates findings to institution personnel, and collaborates with examination teams to complete assignments on time. This role is offered under the Recent Graduate Hiring Authority and is intended for eligible recent graduates or qualifying veterans. Applicants must satisfy the stated education and/or experience qualifications and pass a structured writing assessment demonstrating clear, concise, thorough writing with proper grammar and no spelling, grammatical, or punctuation errors. FDIC employees receive standard federal benefits and may be eligible for additional FDIC-specific benefits at minimal cost.

Requirements

U.S. citizenship is required.
Completion of a Confidential Financial Disclosure is required.
Males born after December 31, 1959, must be registered for Selective Service.
A Minimum Background Investigation is required.
Completion of a Recent Graduates Participant Agreement is required.
Completion of a Financial Institution Examiner Agreement is required.
Applicants must qualify under the Recent Graduate Hiring Authority: have completed a bachelor’s or graduate degree from a qualifying educational institution within the previous two years, or anticipate graduating in Spring 2027; qualifying veterans must have completed such a degree and have at least four years of intervening obligated uniformed-service time.
The qualifying degree must include a major in accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or a related field, and at least 24 semester hours of combined coursework in business administration, accounting, finance, marketing, mathematics, statistics, or economics, including at least 6 semester hours in accounting.
Applicants must meet one of the stated qualification paths: at least one year of specialized experience equivalent to CG-5 or above applying accounting or auditing principles and practices in reviewing or examining financial institutions, with an understanding of applicable federal and state laws; qualifying bachelor’s degree with Superior Academic Achievement; one full academic year of related graduate study leading toward a master’s degree; or a combination of post-secondary coursework and directly related experience demonstrating competency in collecting and evaluating financial data and interpreting balance sheets and income statements.
For Superior Academic Achievement, applicants must meet at least one criterion: overall GPA of 3.0 or higher, final-two-year GPA of 3.0 or higher, major GPA of 3.45 or higher, major-course GPA of 3.45 or higher during the final two years, class rank in the top third, or membership in an ACHS-recognized national honor society other than a freshman-only society.
Applicants must demonstrate effective written communication through a structured writing assessment, composing clear, concise, thorough documents with proper grammar and no spelling, grammatical, or punctuation errors.
A resume must include, for each position, employer name, title, federal series and grade if applicable, start and end dates by month and year, hours per week, and relevant experience; education details must include institution, completion date, degree type, and GPA.
Overnight travel is required, with frequency varying by location.
Employees may be subject to relocation to any duty location to meet management needs.
Financial Institution Examiners must maintain the personal ethical standards in Part 336 of the FDIC Rules and Regulations and comply with 5 CFR Part 3201, including restrictions on certain credit from State nonmember banks for examiners and their immediate families.
A one-year probationary period or, if applicable, a two-year trial period may be required.
Candidates should be committed to improving federal government efficiency, the ideals of the American republic, the rule of law, and the United States Constitution.

Responsibilities

Assist in evaluating an institution’s sensitivity to market risk and the adequacy of its internal measurement and control systems and policies.
Assist in reviewing an institution’s capital plans, strategic plans, and dividend policies, as well as its compliance with regulatory requirements.
Complete work papers, comments, and summaries.
Draft comments for reports of examination.
Proofread and edit written work products for clarity, accuracy, consistency, grammar, spelling, and conformance with FDIC guidance.
Communicate with institution personnel to gather information, present findings, and obtain commitments for corrective actions.
Assist with examination coordination and planning by reviewing information and documents to identify potential risk areas and preparing segments of examination planning documents.
Evaluate non-complex securities and investments to assess risk exposure and management of investment activity, and assign classifications in accordance with examination policies.
Complete examination assignments on time, communicate with the examination team about work performed, and collaborate with coworkers to complete activities in a timely manner.
Analyze information and calculate frequencies, percentages, sums, and ratios accurately.