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Federal Deposit Insurance Corporation (FDIC)
AL, United States (on-site)
3 days ago
United Rentals
Las Cruces, NM, United States (on-site)
17 days ago
United Rentals
Albuquerque, NM, United States (on-site)
18 days ago
Federal Deposit Insurance Corporation (FDIC)
Alabama, United States (on-site)
3 days ago


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.
  • Verify securities and other investments borrowings and other liabilities, and assigned collateral, pledged assets, and safe keeping items.
  • Participate in other phases of an examination as assigned.


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 2024 and December 2025.  

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 in the competitive service upon completion of the internship, you must complete 640 hours of work experience (up to 320 hours may be waived based on successful performance in the position and a 3.5 overall GPA or membership in a national honor society); meet the OPM qualification standards for the target position, which includes six (6) semester hours in accounting coursework; meet the requirements of the FDIC Pathways 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:

  1. Basic knowledge of accounting, finance, economics, or business-related concepts and principles.
  2. Ability to research, interpret and evaluate data and findings.
  3. Ability to obtain and analyze information and data from various sources and develop conclusions and recommendations.
  4. Ability to work as a member of a team.

Additional information

Scholars will be placed, based on their availability, in one of two sessions scheduled from May 20, 2024 - August 16, 2024, or June 03, 2024 - August 23, 2024. Scholars will attend a one-week orientation session in Arlington, VA, 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. Scholars will return to Arlington, VA for the final week to share their experiences.  

Candidates selected for the FMSP will be initially offered a temporary position not-to-exceed October 19, 2024.  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 640 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.

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.)

Scholars may elect to receive a one-time $2,500 stipend (in addition to bi-weekly salary) at the beginning of the program.  Certain stipulations apply.  Scholars are responsible for providing their own housing.

Relocation expenses will not be paid; however, travel to and from Arlington, VA will be paid by the FDIC and Scholars will be reimbursed for work-related travel. Relocation benefits may be authorized in accordance with FDIC relocation policy, if converted to Financial Institution Specialist (FIS). 

If selected, Scholars may be required to serve a trial period.

All selectees must sign the FDIC Pathways Participant Agreement.

To read about your rights and responsibilities as an applicant for Federal employment, click here.

Selectees(s) for this position will be required to report in person to an FDIC office or financial institution at their supervisor’s direction.

Internship Information

  • Job ID: 70944965
  • Workplace Type: On-Site
  • Location:
    Alabama, United States
    Arizona, United States
    Arkansas, United States
    California, United States
    Connecticut, United States
    Florida, United States
    Georgia, United States
    Illinois, United States
    Iowa, United States
    Louisiana, United States
    Massachusetts, United States
    Minnesota, United States
    Mississippi, United States
    Missouri, United States
    Montana, United States
    Nebraska, United States
    New Mexico, United States
    New Hampshire, United States
    North Carolina, United States
    North Dakota, United States
    Oklahoma, United States
    Oregon, United States
    South Dakota, United States
    Tennessee, United States
    Texas, United States
    Utah, United States
    Richmond, Virginia, United States
    Seattle, Washington, United States
  • Company Name For Internship: Federal Deposit Insurance Corporation (FDIC)
  • Position Title: Risk Management Internship: Financial Management Scholar
  • Industry: Financial Services/Banking
  • Job Function: Accounting/Finance
  • Job Type: Full-Time
  • Job Duration: 6-12 Months
  • Min Education: BA/BS/Undergraduate
  • Min Experience: None
  • Required Travel: 25-50%
  • Salary: $46,625.00 - $62,777.00 (Yearly Salary)
Banking / Accounting / Financial

The FDIC is an independent federal agency of the United States government. The FDIC supervises a vast majority of the country’s community banks. These institutions provide loans to farmers and small businesses, make it possible for entrepreneurs to launch start-ups, support local governments as they build libraries and parks, and foster local economies. These essential functions are the very things that help keep America running. Our mission is to maintain stability and public confidence in the nation’s financial system by: ...

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