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Careers

Financial Institution Intern Program

Last Updated: December 13, 2021

No Current Vacancies

The FDIC’s Financial Institution Intern Program provides high-performing college students with valuable professional experience in the financial regulatory industry. Financial Institution Interns will be able to earn a competitive salary while pursuing degrees in Accounting, Business, Economics, Finance, and other related majors.

The program provides hands-on experience evaluating bank operations, risk management strategies, and consumer protection practices. Interns will gain knowledge of evolving issues faced by the banking industry, and learn in-depth banking laws and regulatory procedures, while working with experienced FDIC professionals to ensure institutions are following safe and sound banking practices. In this unique program, participants will have an opportunity to participate in on-site bank examinations and understand supervisory proceedings. This requires team-orientated individuals with strong analytical and quantitative skills who possess the ability to effectively communicate both orally and in writing. 

Upon successful completion of the program, some participants may be offered full-time [post-graduation] positions as a Financial Institution Specialist in one of the FDIC’s driver divisions – Division of Risk Management Supervision or Division of Depositor and Consumer Protection.

Benefits

Interns may be eligible for certain Federal employee benefits.

Other Information

Applicants must possess at least a 3.0 GPA to enter the program.

Financial Institution Interns will be responsible for providing their own housing; however, a $2500 stipend (in addition to bi-weekly compensation) will be allotted at the beginning of the program.

Additionally, extensive travel, (including overnight) to remote work sites may be required. Bank examinations are conducted on-site at banks, sometimes at great distance from the office. Travel expenses are reimbursable, but individuals are responsible for providing their own transportation to bank examination sites (public transportation may not be available).

Key Requirements

  1. U. S. citizenship.
  2. Enrolled at least half-time in a bachelor’s degree program at an accredited college or university.
  3. Completion of the sophomore year with a major in economics, finance and accounting.
  4. Successful completion of the FDIC's background investigation requirements. Moderate Risk Position - Minimum Background Investigation (MBI) Required.
  5. Must be registered with Selective Service (males born after Dec 31, 1959).

Applicants must possess at least a 3.0 GPA to enter the program and all interns are required to sign the FDIC Internship Program Participant Agreement.

As required by Executive Order 14043, Federal employees are required to be fully vaccinated against COVID-19 regardless of the employee’s duty location or work arrangement (e.g., telework, remote work, etc.), subject to such exceptions as required by law. If selected, you will be required to be vaccinated against COVID-19 and submit documentation of proof of vaccination by November 22, 2021, or before appointment or onboarding, if after November 22, 2021. In limited circumstances, exceptions to the vaccination requirement will be granted when required by law, such as in cases where an employee is entitled to a reasonable accommodation based on a disability or sincerely held religious belief, practice, or observance. Your employment offer will include instructions for submitting the requisite information and requesting an exception to the vaccination requirement. Failure to comply with the vaccination requirement will result in disciplinary action, up to and including rescinding the job offer or termination from Federal service. FDIC will provide additional information regarding what information or documentation will be needed and how to request a reasonable accommodation related to this requirement.

Due to the coronavirus pandemic, duties may be performed from the incumbent’s current location for a limited time.

Vacancies

There are no vacancies at this time.

Other Opportunities

If there are no vacancies available you may:

  1. Talk to a FDIC recruiter at a participating campus recruiting event or professional and diversity event to learn more about the program.
    On Campus Recruiting
    Professional and Diversity Events
  2. Contact a participating college career placement office at an FDIC targeted school or professional organization/association.
    List of participating colleges and universities
    List of professional organizations and associations