This job is closed
We regret to inform you that the job you were interested in has been closed. Although this specific position is no longer available, we encourage you to continue exploring other opportunities on our job board.
United States Government - Downers Grove, IL
posted about 2 months ago
About the position
The Financial Institution Internship (FII) is a paid internship designed for students pursuing a degree in relevant fields. This internship may lead to a post-graduation employment offer as a Financial Institution Specialist, which includes a three and a half year program culminating in a professional certification as a commissioned Financial Institution Examiner. Interns will work closely with experienced FDIC employees to evaluate compliance with fair lending and consumer protection laws across FDIC-insured institutions.
Responsibilities
- Work directly with teams to evaluate compliance of FDIC-insured institutions with fair lending and consumer protection laws.
- Assess the adequacy of the Compliance Management System under supervision.
- Conduct reviews of initial disclosures, periodic statements, and advertisements for compliance with regulations.
- Examine closed-end non-real estate credit transactions for compliance.
- Review the Home Mortgage Disclosure Act loan application register for accuracy.
- Review adverse action notices for compliance with lending-related regulations.
- Examine a sample of residential, consumer, commercial, and agricultural files for compliance with consumer laws.
- Participate in discussions regarding the examination process and compliance management systems.
- Prepare summaries of performance factors for assigned ratings.
Requirements
- Must be enrolled as a student in an accredited 4-year college or university at least half-time.
- Must have completed at least the sophomore year in college upon entry to the program.
- Must maintain a cumulative GPA of at least 3.25 throughout the internship.
- Must have a planned graduation date of May 2026 or later.
- Must be majoring in accounting, banking, business administration, commercial or banking law, economics, finance, marketing, or related fields.
Nice-to-haves
- Experience in financial analysis or compliance-related coursework.
- Familiarity with consumer protection laws and regulations.
Benefits
- Paid internship with a competitive salary.
- Potential for conversion to a permanent position after successful completion of the internship.
- Access to federal employee benefits after conversion.
