Join the FDIC as an Information Technology Examination Intern
It seems the banking industry is always on the forefront of technological innovation – from mobile banking applications to digital wallet services, web-based services, chat bots, and wireless transactions – not to mention the technology banks use for their own internal operations. These services provide many benefits to consumers and banks, but they also have the potential for significant and persistent risks.
We now live in a world of ever-increasing cybersecurity risks. In the banking system, the consequences of not controlling that risk can be severe, spreading globally by the minute or the second. The Information Technology Examination Intern (ITEI) position offers an invaluable opportunity to help protect our nation's financial system from cyber threats.
The FDIC's Information Technology Examination Intern is a paid internship program for college students majoring in Cybersecurity, Computer Science, Engineering, Information Science, Information Systems Management, Mathematics, Operations Research, Statistics, Technology Management, or other related fields.
When you join the agency as an ITEI, 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 ITEI, 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 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 help foster local economies. These essential functions are the very things that help keep America running.
Other highlights of our work culture:
- Work when you can – Information Technology Examination Interns work 10-12 weeks during the summer, giving you time to build your resume during your break from the busy peaks of the fall and spring semesters.
- 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, provides opportunities for employees to reach their highest potential, and attracts and retains the most talented employees
What will you do?
The FDIC evaluates banks and savings associations to determine if they are operating in a safe-and-sound manner. As an ITEI, you will be part of a team that assesses the overall risk management of the institution. Under the direction and supervision of a more experienced examiner, some of the duties you will perform in, or assist include:
- Evaluating and assessing an institution's processes to determine if existing and new IT systems meet the institution's cybersecurity and operational risk requirements.
- Identifying and reporting irregularities or deficiencies in the financial institution's systems and risk management practices.
- Presenting findings and recommendations to higher graded analysts and examiners, and to institution management.
- Conducting meetings with financial institution management to recommend corrective action for deficiencies.
- Performing work assignments and completing projects in a team environment
Benefits
Interns may be eligible for certain Federal employee benefits. Please see the FDIC Employee Benefits page for additional information.
Other Information
Compensation: $52,430 to $74,334 (or hourly equivalent), based on education, experience, and location.
Applicants may qualify based on education:
• For CG-4 level: Two full years of undergraduate education in an IT-related field.
• For CG-5 level: Four full years of undergraduate education in an IT-related field.
Information Technology Examination 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, travel, including overnight, to 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).
Special Announcement for CyberCorps: Scholarship for Service program participants only
The FDIC is now accepting applications for ITEI positions in the following locations:
| FDIC Region | Position Location |
|---|---|
| Dallas Region | Little Rock, Arkansas Oklahoma City, Oklahoma Dallas, Texas |
| New York Region | Braintree, Massachusetts Monroe, New Jersey New York, New York |
| San Francisco Region | Phoenix, Arizona Salt Lake City, Utah Seattle, Washington |
To Apply: provide your top three location preferences, attach all applicable unofficial transcripts (undergraduate and graduate), Scholarships for Service Participant Agreement, and resume to ITEAProgram@FDIC.gov. In the subject line, include the words “SFS Participant Interested in ITEI Program.”
To be considered, you must:
- Be a U.S. Citizen.
- Agree to very frequent overnight travel, up to 4 nights per week (most locations).
- Work at remote and/or multiple work sites.
- Successfully pass a background investigation.
- Must be registered with Selective Service (males born after Dec 31, 1959).
Application packages must be received by 11:59 PM on November 8, 2024.
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.