FDIC Entry Level Jobs
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects consumers’ bank deposits and promotes safe banking practices. The FDIC was created in 1933 during the Great Depression, when the number of bank failures reached an all-time high. Today, the FDIC helps ensure that depositors are protected from losses if a bank fails.
You can apply for entry-level FDIC jobs by submitting an application to the Office of Human Resources in Washington, D.C. You can also apply online at USAJobs, the official site for all federal jobs.
Fdic Entry Level Jobs
Why the FDIC?
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.
As a FIS in our Division of Depositor and Consumer Protection (DCP), you will enjoy a meaningful career with impact on the financial industry and American banking consumers. Your vital role supports the FDIC mission through these critical functions:
Evaluating financial institutions to determine if they treat consumers and depositors fairly and operate in compliance with federal consumer protection, anti-discrimination, and community reinvestment laws; and
Building and strengthening positive connections between banks and consumers, depositors, small businesses, and communities.
Newly hired FISs will report to field managers to begin training and working toward becoming a commissioned Financial Institution Examiner. A commission is a designation given to individuals who meet experience requirements and pass the Technical Evaluation, a test to demonstrate knowledge and mastery of concepts related to bank examinations. The commissioned examiner designation helps enforce professional standards and qualifies individuals to lead examination teams.
Other highlights of our program and work culture:
Professional Development – Entry-level FISs already possess critical skills needed to immediately contribute to examinations. You will receive training to refine your talents and leadership skills. Our FISs are also assigned an individual coach or mentor to help ensure a smooth transition into the FDIC culture.
Rapid Pay Progression – Our FISs can anticipate non-competitive pay progression through a combination of both scheduled annual pay increases and regular promotions as they complete specific training benchmarks. FISs also receive a $2,000 bonus and participate in the FDIC’s merit-based pay program upon becoming a commissioned examiner.
Work/Life Balance – We offer reasonable work hours, flexible work schedules, and telework opportunities to help employees lead a fulfilling life outside of work.
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 do?
American banking consumers look to the FDIC to ensure that financial institutions keep their money safe, treat them fairly, provide them with products and services that help them meet their financial goals, and serve the needs of their communities. As a FIS in DCP, you will be part of a team that assesses banks to determine whether they maintain effective internal controls and procedures to comply with all applicable laws and regulations, such as those relating to consumer protection, privacy, community reinvestment, and fair lending.
Under the direction and supervision of a more experienced examiner, some of the duties you will perform include:
Reviewing the initial disclosures, periodic statements, advertisements, and other information financial institutions provide to consumers;
Assessing financial institutions’ overall compliance with applicable regulations, such as the Truth in Lending Act, Home Mortgage Disclosure Act, Fair Credit Reporting Act, and Equal Credit Opportunity Act;
Reviewing the Home Mortgage Disclosure Act loan application register for accuracy and assessing the bank’s overall reporting procedures;
Examining residential, consumer, commercial, and agricultural loan files to determine compliance with applicable lending-related regulations;
Participating in the discussion of the examination process for evaluating the bank’s Compliance Management System, which includes senior management oversight, policies, monitoring, training, and audit procedures;
Reviewing the financial institution’s performance under the Community Reinvestment Act, participating in discussions regarding assigned ratings, and preparing a summary of each performance factor describing why the rating was assigned; and
Preparing drafts of schedules, exhibits, and comments for inclusion in the report of examination.
FIS Salary Progression
Location of Interest
Drop Down will yield one line containing base salary, Locality rate %, Total salary, and projected pay progression.
Projections are estimates and may not exactly match your actual salary progression.
Amounts reflect salary increases negotiated through 2022. The Collective Bargaining Agreement will change so your salary progression may be different from what is displayed.
Annual changes to locality rates vary by location.
Base Salary Locality Total Salary Projected Total Salary
Location 2021 CG-7 2022 * CG-7 2023 ** CG-9 2024 * CG-9 2025 ** CG-11 2026 ** CG-12
- Assumes 0.5% locality and 2.3% merit increases using rates that may vary year-to-year. Changes in locality vary by location.
** Assumes 0.5% locality, 2.3% merit, and 10% promotional increases to the indicated CG grade. Changes in locality vary by location.
Promotion from CG-7 to CG-9 typically occurs within 2 years after entering the position.
Promotion from CG-9 to CG-11 typically occurs 1 –1.5 years after promotion to CG-9.
Promotion from CG-11 to CG-12 typically occurs 1 year after promotion to CG-11.
SPECIAL ANNOUNCEMENT
The FDIC is now accepting applications for FIS positions within the Division of Depositor and Consumer Protection. To be considered, you must:
Be a U.S. citizen
Have obtained or will obtain a bachelor’s degree (or higher) from an accredited college or university by December 31, 2022
Have or have completed a major in Accounting, Banking, Business Administration, Commercial or Banking Law, Economics, Finance, Marketing, or a related field
Have a minimum GPA of 2.95; and
Pass an automated writing assessment.
If selected for the position, you may be asked to provide the FDIC with your COVID-19 vaccination status.
Opportunities are available in the following FDIC field office locations:
Austin, TX
Columbia, MO
Columbia, SC
Concord, NH
Dallas, TX
Eau Claire, WI
Hoover, AL
Indianapolis, IN
Jackson, MS
Knoxville, TN
Los Angeles, CA
Lubbock, TX
Madison, WI
Minneapolis, MN
New York City, NY
Oklahoma City, OK
Omaha, NE
Salt Lake City, UT
Springfield, MO
Windsor, CT
