Summary The Financial Management Scholars Program (FMSP) is a paid internship that may lead to a post-graduation employment offer as a Financial Institution Specialist, a three and a half year training program leading to professional certification as a commissioned Financial Institution Examiner. Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement. Responsibilities Financial Management Scholars (FMS) will be assigned to the Division of Risk Management Supervision (RMS). FMS will work directly on teams of experienced FDIC employees to evaluate bank operations, business planning, and risk management strategies. These teams are responsible for assessing financial institutions to determine whether they are following safe and sound banking practices, maintaining effective internal controls and procedures, managing their institutions effectively, and complying with all applicable laws and regulations. Under the direction and supervision of an Examiner or Assistant examiner of higher grade, FMS will also: Consolidate Reports of Conditions and Income. Review accounts for overdrafts, prepaid expenses, and other miscellaneous assets. Assist in assessing the adequacy of related insurance coverage. Review adequacy of fidelity and other indemnity protection. Assist in evaluating the adequacy of the insured depository institution procedures and internal routine controls. Assist in the preparation of information requisite to a thorough analysis of the earnings of an institution. Prepare drafts of schedules, exhibits, and comments for inclusion in the completed report of examination. Conduct audit test checks on income and expense accounts, computing and reconciling Capital Accounts and reconciling cash. Review liquidity including the analysis of fluctuations in loans, securities, deposits, and borrowings. Verifies securities, investments, borrowings, liabilities, assigned collateral, pledged assets, and safe keeping items. Participates in other phases of an examination as assigned. Requirements Conditions of Employment Applicants must be in good academic standing with at least a cumulative (overall) 3.25 GPA and maintain a cumulative 3.25 GPA throughout the duration of the FMSP. U.S. Citizenship Registration with the Selective Service. Very frequent overnight travel, up to 4 nights per week (most locations). Work at remote and/or multiple work sites. Must successfully pass a background investigation. Employment Conditions All selectees must sign the FDIC Pathways Participant Agreement. Selectees(s) for this position will be required to report in person to an FDIC office or financial institution at their supervisor’s direction. Click here for our eligible current telework options. To read about your rights and responsibilities as an applicant for Federal employment, click here. Bank examinations are conducted on-site at banks, sometimes at great distance from the FDIC office. Scholars are reimbursed for travel expenses, but are responsible for providing their own transportation to bank examination sites. Public transportation is often unavailable. (FDIC employees generally drive their personal automobiles to bank exams and are reimbursed for mileage.) Qualifications 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. To be qualified, you must be enrolled at least half-time in a bachelor's degree program at an accredited college or university; and must have completed your junior year of college prior to entering the program, have a current overall GPA of at least 3.25, with a planned graduation date between December 2025 and December 2026. You must be majoring in accounting, banking, commercial or banking law, economics, business administration, marketing, finance, or other fields related to the position. To be eligible for conversion to the Financial Institution Specialist (FIS) position, interns must complete 480 hours of work experience (up to 160 hours may be waived based on exceptional job performance in the position and a 3.5 overall GPA or better on a 4.0 scale; or top 10 percent of the student's graduating class; or membership in a national honor society; or a letter of recommendation attesting to the student’s outstanding program performance from an instructor or program administrator); meet the OPM qualification standards for the FIS position, which includes six (6) semester hours in accounting coursework; meet the requirements of the FDIC Pathways Internship Program Participant Agreement; and successfully complete various skills assessments. Service in the FMSP confers no right to further employment. The promotion potential if converted is CG-12. The competencies/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below: Basic knowledge of accounting, finance, economics, or business-related concepts and principles. Ability to research, interpret and evaluate data and findings. Ability to obtain and analyze information and data from various sources and develop conclusions and recommendations. Ability to work as a member of a team. Education See Qualifications for Educational requirements. Additional Information Scholars will be placed, based on their availability, in one of two sessions scheduled from May 19, 2025 - August 15, 2025, or June 02, 2025 - August 22, 2025. Scholars will attend an orientation session, followed by an on-the-job training assignment working out of one of the FDIC's field offices. Scholars will complete an automated writing assessment during the field office assignment and must pass to be eligible for a post-internship employment offer. Candidates selected for the FMSP will be initially offered a temporary position not-to-exceed October 18, 2025. Scholars who receive and accept employment offers at the end of the FMSP will be placed on leave without pay and will have their temporary appointments extended at the discretion of the FDIC. After graduation, they may be non-competitively converted to a term appointment as a FIS (contingent upon completing at least 480 hours of work experience acquired through the internship, prior to their graduation, completion of their degree requirements, and fulfillment of the qualification standards for the FIS position and other requirements as specified in the Pathways Agreement). Upon successful completion of the FDIC's examiner training program, FIS's may be non-competitively converted to a permanent appointment; however, service in the FMSP confers no right to further employment in the competitive or excepted service. Scholars may elect to receive a one-time $2,500 stipend (in addition to bi-weekly salary) while in the program. Certain stipulations apply. Scholars are responsible for providing their own housing. If selected, Scholars may be required to serve a trial period. Institution Examiners must comply with Section 3201.102 of Supplemental Standards of Ethical Conduct for FDIC Employees (5 CFR Part 3201), which, in part, prohibits them and their immediate families from accepting certain credit from State nonmember banks. All Financial Institution Examiners are prohibited from the following: 1. Obtaining a loan or a line of credit from any insured state nonmember bank or its subsidiaries. Any extensions of credit held by the Examiner, the Examiner's spouse, or any dependent children are direct or indirect extensions of credit to the Examiner. Exceptions: a. Loans for a primary residence are permissible. The Examiner must not participate in any examination of that institution with which he holds the primary residence loan, and a "cooling off" period is required before negotiating a loan for a primary residence from any institution the Examiner has examined. b. No restrictions on obtaining credit cards issued under the same terms and conditions available to the public from an insured state nonmember bank either within or outside of their field office of assignment. 2. Participating in any examination, or other matter, involving an insured depository institution or any person with whom the Examiner has an outstanding loan or line of credit. 3. Performing any service for compensation with any bank, or for any officer, director, or employee thereof, or for any person connected therewith. 4. Disclosing any confidential information from a bank examination report except as authorized by law. 5. Soliciting or accepting any gift from a prohibited source or because of the Examiner's official position.