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Join the FDIC as a Financial Management Scholar

Last Updated: February 24, 2022

Safety and Soundness: The Division of Risk Management Supervision

FDIC bank examiners determine if financial institutions follow safe-and-sound banking practices, implement effective internal policies and procedures, and comply with laws and regulations. When you join the agency as a Financial Management Scholar (FMS), you will get an in-depth, firsthand experience with how the FDIC accomplishes its mission of maintaining stability and public confidence in the nation’s financial system. As an FMS, you will improve your current skills and develop new abilities to help you prepare for your career after college.

Why the FDIC?

The FDIC supervises a 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 help foster local communities. These essential functions are the very things that help keep America running.

As an FMS in our Division of Risk Management Supervision (RMS), you will enjoy a meaningful internship with impact on the financial industry, and gain knowledge of how the FDIC fulfills its mission through these critical functions:

  • Examining and supervising insured financial institutions,
  • Leading sound policy development,
  • Evaluating adherence to laws and regulations, and
  • Monitoring and mitigating systemic risks.

Other highlights of our program:

Work when you can – Financial Management Scholars work 11-12 weeks during the summer, giving you time to build your resume during your break from the busy peaks of the fall and spring semesters.

Work where you are – We provide FDIC laptops to our interns and offer opportunities to network and connect with other interns and colleagues. For the time being, FMSs will attend virtual orientation sessions, and perform work remotely for a specific office throughout the duration of the internship.

Work toward your future – FMSs complete an automated writing assessment during the summer assignment. Upon passing the writing assessment and successfully completing the program, FMSs may be offered full-time positions to commence after graduation. In addition, FMS positions are salaried, and you may be eligible for certain federal employee benefits.

Commitment to Diversity, Equity, and Inclusion – The FDIC achieves its mission by creating an inclusive work environment that recognizes and appreciates all employees’ perspectives and talents, allows employees opportunities to reach their highest potential, and attracts and retains the most talented employees.

What will you learn?

The FDIC evaluates banks and savings associations to determine if they are operating in a safe-and-sound manner. As an FMS in RMS, you will gain direct experience performing a number of duties and responsibilities assigned to the FDIC’s commissioned examiners. You will be part of a team that examines a bank’s financial condition, risk management program, and internal control structure. The teams also assess compliance with safety and soundness rules and regulations, including anti-money laundering and bank secrecy laws and regulations, as well as bank information technology controls.

Under the direction and supervision of a more experienced examiner, some of the duties you will perform or assist include:

  • Reviewing financial statements;
  • Reviewing accounts for overdrafts, prepaid expenses, and other miscellaneous assets;
  • Assessing the adequacy of related insurance coverage;
  • Evaluating the adequacy of the insured depository institution procedures and internal routines and controls;
  • Completing a thorough analysis of the earnings of an institution;
  • Conducting transaction testing on income and expense accounts;
  • Computing capital ratios, reconciling capital accounts, and reviewing account activity;
  • Reviewing financial institutions’ liquidity, including analysis of fluctuations in loans, securities, deposits, and borrowings;
  • Verifying securities and other investments, including reviewing securities transactions, determining quality, and verifying appropriate accounting;
  • Preparing drafts of schedules, exhibits, and comments for inclusion in the report of examination; and
  • Participating in other phases of an examination as assigned.

SPECIAL ANNOUNCEMENT

The FDIC is not currently accepting applications for FMS positions within RMS. This page will be updated when positions are available. If you would like to be among the first to know when a new opportunity becomes available, consider joining our Talent Network.


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The FDIC is an equal opportunity employer. We recruit, hire, and develop a high-performing workforce that reflects the communities we serve. Applicants are considered without regard to their race, religion, color, sex (including pregnancy, gender identity, and sexual orientation), national origin, disability, age, genetic information, retaliation, parental status, or other non-merit factors.