The FDIC is one of the nation’s premier financial regulatory agencies. Its mission is to promote stability and public confidence in the U.S. financial system, and its employees have an opportunity to pursue meaningful public service careers that have a direct impact on consumers and depositors throughout the U.S. by overseeing banks to ensure that they operate in a safe and sound manner and comply with consumer protection, fair lending, and other laws and regulations; insuring customer deposits in FDIC-insured banks; and serving as receiver for insured banks that fail.
The FDIC has been recognized for several years as the top-ranked medium-sized Federal government agency because of the importance of its mission and its outstanding pay and benefits, employee training and development opportunities, commitment to diversity, and work-life balance. It hires 120-150 new and recent college graduates each year into its selective four-year Corporate Employee Program (CEP) and trains them to be commissioned bank examiners and resolutions and receivership specialists. Those who are successful have continuing opportunities for growth and development throughout their careers with the FDIC.
This is an entry level trainee position with the FDIC, one of the nation’s premier bank regulatory agencies. Financial Institution Specialist (FIS) positions are located at 85 FDIC office locations throughout the U.S. Successful applicants are placed in a 34 year training program leading to professional certification as a commissioned Financial Institution Examiner or Resolutions and Receivership Specialist. The program includes both formal classroom and on-the-job training, and every participant is assigned an individual coach or mentor. Participants receive regular grade and pay increases during the program as they complete established training benchmarks.
During the first year of the program, participants perform rotational assignments to become familiar with the Corporation’s major business functions. They are then placed in one of three disciplines to complete the requirements for a commission: (1) Risk Management (to evaluate the financial condition of insured institutions); (2) Compliance/Consumer Protection (to ensure compliance with fair lending, consumer protection, and community reinvestment statutes and regulations); or (3) Resolutions/Receivership Management (to oversee the closure of failed financial institutions and management of the ensuing receiverships).
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For more information please visit: https://www.usajobs.gov/GetJob/ViewDetails/488592500