Supervise banks and ensure compliance with fair credit and community reinvestment statutes.
The FDIC requires the expertise and hard work of a diverse staff to meet its mandate to supervise the management of banks and savings and loans, ensure compliance with fair credit and community reinvestment statutes, and help foster economic stability in the US.
Examiners participate in the assessment of financial institutions to determine the existence of unsafe and unsound practices, violations of law and regulation, the adequacy of internal controls/procedures and the general character of management. Examiners write comments and analyses for inclusion in reports of examination and meet with insured depository institution officials, including the board of directors, to discuss the finding of an examination and, if necessary, to institute any corrective programs. Most positions require a degree in business, finance, accounting or a related field with at least 6 semester hours in accounting.
Examiners are responsible for conducting, supervising or directing compliance fair lending and Community Reinvestment Act (CRA) examinations, investigations and other activities related to consumer protection, civil rights laws and regulations, and other related enforcement responsibilities. Specific duties range from serving as FDIC office representative and directing the work of others to conducting exams and preparing reports and analyses. Most positions require at least a degree in business, finance, accounting or a related field.
Economists conduct and publish empirical and theoretical economic research on topics relevant to the condition of the banking industry, bank regulation and deposit insurance. They design economic studies in response to developments in the financial markets and changes in banking practices. Economists analyze the economic impact of existing and proposed legislation. They also develop statistical and financial models to support FDIC operations in such areas as finance, deposit insurance, bank safety and soundness, bank supervision, bank failure resolution, and consumer protection.
Visiting Academic Fellows
Visiting Academic Fellows perform the same duties as Economists. Rather than permanent positions, Visiting Academic Fellows are appointed for a limited, renewable term. Visiting Academic Fellows are academicians who hold positions at the assistant/associate/full professor levels as well as Ph.D. candidates who are near completion of their dissertations. Visiting Academic Fellows are expected to conduct and publish high-quality academic research relevant to the FDICís mission, interact with other FDIC economists, and participate in research seminars and conferences.
Research Assistants provide support to the Economists. Their responsibilities include computer programming, data collection and verification, limited statistical analysis, and researching the banking literature. Ideal candidates have a degree in finance, economics, or statistics. Research Assistants generally are appointed to serve a two-year term, which may be extended.
Interns perform the same duties as research assistants. Rather than a two-year term, interns are typically employed over the summer. Ideal candidates are in the process of obtaining a degree in finance, economics, or statistics.
The work of financial analysts at FDIC touches virtually every bank and addresses more than 16 separate processes. Challenges can range from analyzing complicated bank failures to providing support in matters relating to capital market risk management to keeping abreast of trends and advancements in electronic banking. These positions call on individuals to apply their analytical, customer service, communications and team-oriented work skills. Most positions require at least a degree in accounting, finance or a related field and knowledge of computer systems.
FDIC develops and applies information technology for both strategic and operational advantage. Projects range from the development, implementation and completion of automation-related activities to the development and application of highly advanced security systems across the entire enterprise. Most positions require at least a degree in computer science, engineering or a related discipline.
There are a variety of activities that take place behind the scenes in order for the FDIC to assure depositors that they can depend on up to $250,000 of deposit insurance when needed. Administrative professionals are vital to the success of the Corporation. They support business activities and bring together training, consulting, human resources, and corporate and acquisition services.
Attorneys are responsible for legal expertise and interpreting laws, regulations and procedures on all matters related to the mission of operation for FDIC. Depending on the specific position, responsibilities and duties range from representing the corporation on matters of banking regulations to labor law. To qualify, all candidates must have bar membership and, preferably, progressively responsible legal experience.