FDIC Financial Institution Specialist Interview Questions | Glassdoor

FDIC Financial Institution Specialist Interview Questions

Updated Jun 10, 2017
26 Interview Reviews

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Helpful (5)  

Financial Institution Specialist Interview

Anonymous Employee in Arlington, VA
Accepted Offer
Positive Experience
Average Interview

Application

I applied online. I interviewed at FDIC (Arlington, VA) in June 2017.

Interview

I completed the application via USAjobs.gov and received a phone call inviting me to attend the applicant assessment event that was scheduled about 2 weeks out. The event was very well planned and executed. The activities followed the schedule that was emailed in advance of the event, so you will know what to expect. You could tell the FDIC wanted to impress the applicants and convey how special the agency is, in general and especially for a government agency. There will be a lot of FDIC staff present. I suggest that you chat with them when you get the chance to gain a great deal of insight into the agency and the position. There will be several staff there who went through the CEP program.
Once the event officially begins, you don't get much down time, so you have to be "on" all the time. I found that to be the most difficult part. I'm not suggesting that you should be phony, but this is an interview event. Be yourself but be professional. You'll be assigned to a group once you check in and this will be your group for the duration of the event. You go from activity to activity together and even eat meals as a group. If you want to see DC, your only opportunity will be the day you arrive, before the event officially starts, and on the second day after the interviews have been completed. There is a reception and dinner the first night where you will have the chance to network with the people who will be on your business analysis and interview panels. Make use of that opportunity and seek them out!
The actual assessments aren't very difficult at all and in truth, I don't think you can really prepare in advance for them. The information/knowledge you need is VERY basic. It's just managing the time constraints and doing your best with what you're given. Listen to what the staff tells you to help you prepare. You will have plenty of chances to ask them questions and they encourage it. They were constantly asking if we had questions about what was coming up. Their advice is spot on. They want everyone to be as successful as they can be. And no, they will not tell you anything specific regarding the actual assessments. And yes, we asked many times :)
The interview questions weren't difficult. They just have multiple parts. Be sure to answer all the parts. Ask them to repeat the question and write the parts down. This is the same advice your recruiters will tell you. LISTEN TO YOUR RECRUITERS!!!! The questions are behavior based. Use STAR, CAR, or whatever other acronym your university's career center uses to formulate your answers.
All in all it was a great event. The food was fantastic! All of the staff I met were very nice and willing to talk to us even if they were assigned to different groups or regions and seemed to enjoy talking to us. Be yourself. Show that you are someone who works well on a team, can communicate well, and are pleasant to be around.

Interview Questions

  • As part of the process, you agree to not share specifics. The questions are standard behavior based interview questions. There were no difficult or unexpected questions asked.   Answer Question

Other Interview Reviews for FDIC

  1.  

    Financial Institution Specialist Interview

    Anonymous Employee in Arlington, VA
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. I interviewed at FDIC (Arlington, VA) in June 2017.

    Interview

    Read the interview report from June 9th- it's spot on. Relax, be yourself, and trust that your recruiters are on your side. Don't pass up the networking opportunities, and try not to let the down time add to your stress level (somewhat impossible).

    Interview Questions

    • Questions are not difficult, it's how you respond to them that really matters. Non-disclosure of assessments and process prevents further elaboration.   Answer Question

  2.  

    Financial Institution Specialist Interview

    Anonymous Interview Candidate in Arlington, VA
    Declined Offer
    Positive Experience
    Easy Interview

    Application

    I applied online. The process took 3 days. I interviewed at FDIC (Arlington, VA) in June 2016.

    Interview

    This process is not as demanding as expected. You are given ample time to prepare for the interviews and assessments. Really all you need to do is be yourself and show them why you should be hired. There will be a lot of people there who won't get hired in a million years, but are there for race, age, gender etc reasons. Be likable and be willing to help during the team assessment.

    Interview Questions

    • I signed a confidentiality agreement. Other people have broken this. Look at theirs. Advice is to come up with a story for each question. Let them really understand your skills.   Answer Question
  3. Helpful (2)  

    Financial Institution Specialist Interview

    Anonymous Interview Candidate in Arlington, VA
    No Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 3 days. I interviewed at FDIC (Arlington, VA) in May 2016.

    Interview

    2 Day Recruitment Event with an Offer given on the morning of the 3rd Day. Business dress is a MUST! Very strict security and no wondering around by yourself once the day starts.

    Interview Questions

    • There are 5 testing areas which can be a little stressful. The stress is all the down time and waiting in between.   1 Answer

  4.  

    Financial Institution Specialist Interview

    Anonymous Interview Candidate in Arlington, VA
    No Offer
    Negative Experience
    Difficult Interview

    Application

    I applied online. The process took 3 days. I interviewed at FDIC (Arlington, VA) in April 2016.

    Interview

    It is a 3 day event where they explain exactly what you are getting yourself into. They place emphasis on the amount of traveling that will be done the first four year of employment. There were 5 different tests/situations that you were graded on so even if you bombed one you still had a chance to be hired.

    Interview Questions

    • You are made to sign an agreement that you will not discuss interview questions or scenario information   1 Answer

  5.  

    Financial Institution Specialist Interview

    Anonymous Interview Candidate in Arlington, VA
    No Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 3 days. I interviewed at FDIC (Arlington, VA) in February 2016.

    Interview

    Three day interview process. They walk you through exactly what you would be doing. They want to make sure you are prepared to make an educated decision when accepting a position or not. During that process they also evaluate you and make sure that you are what they are looking for in an employee. I cannot go into detail about what tests you will be given, however I will say they are fairly simple the biggest thing is to FOLLOW and READ the directions fully. Do not let your nerves get to you and be social... in a professional way. I loved the experience and feel they do a wonderful job with this process of providing information to the potential employee and assessing them as well. Teamwork is essential.

    Interview Questions


  6. Helpful (11)  

    Financial Institution Specialist Interview

    Anonymous Employee
    Accepted Offer
    Neutral Experience
    Average Interview

    Application

    I applied through college or university. I interviewed at FDIC.

    Interview

    Did an internship summer after my junior year in college. Analyzed 3 separate banks performing different duties. After internship, spent one week in Washington D.C. going through an array of interviews/tests to see if I was qualified. Tests were 1) math test doing simple revenue / profit analysis, teamwork exercise as industrial-organizational psychologists studied our behavior, writing exercise (most frequently failed) and a business-analysis exercise where employee has to convince a team of executives why he/she chose the option.

    Interview Questions

    • Describe a situation in which something did not go as planned and how did you react to the situation? What was the outcome?   Answer Question

  7. Helpful (25)  

    Financial Institution Specialist Interview

    Anonymous Employee
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. I interviewed at FDIC.

    Interview

    Interview lasted from noon on Wednesday to Thursday evening. Friday morning they let you know whether you are offered a position. Assessment process consisted of a writing/grammar assessment, an individual presentation, a group presentation and a 1:1 interview (with three interviewers). I believe they are looking for the "whole package", not necessarily a certain "look" Can you read/write in coherent thoughts, sentences and paragraphs and tie it all together or do you write in slang or write like you text? The solo and group presentations and solo interview were not difficult though they could be a little nerve racking because you don't know exactly what to expect.

    I believe it's important that you know the difference between business dress and business casual. Again, if they are looking for the "whole package" to fit into their culture, you need to dress and act like you really want to be part of their culture. (Remember, when you walk into a bank on examination day, you need to LOOK PROFESSIONALl). It probably doesn't hurt to also engage with the employees, all the way from security at the front door to the highest level in the organization. Do you think all of those FDIC "volunteers" (the people that help you get to where you need to go) are not also observing you? I can't say that they DO have input into whether you are selected or not, but it seems to me that they are in a great position to provide feedback to those that do make the final selection.

    My observation is that the interviewees who asked lots of (what's in it for me) questions, those who used poor judgment in discerning between business dress and business casual and those that exuded over-the-top confidence because they currently work for the government were not offered a position. I'd recommend being confident, taking charge when necessary (but don't be overbearing), being humble, and doing some homework about the agency before you show up so that you are not the one asking 1,001 questions and getting every other applicant annoyed with you.

    The FDIC performs a public trust background check on you (after you accept your tentative offer) and before they give you the final offer letter. Know what a public trust background check entails so that if you are offered the position, you are not disqualified based on not being able to pass that part of the process.

    It was a nice get-away, the entire FDIC staff was very professional, and the entire trip was paid for.

    Interview Questions

    • No assessment, presentation scenario, or interview question was hard; complying with the time constraints to complete each assignment presented a bit of a challenge.   Answer Question

    Negotiation

    No negotiations. However, over the course of four years you can move from approximately $50k to $80k as long as your performance meets or exceeds standards.

  8. Helpful (9)  

    Financial Institution Specialist Interview

    Anonymous Employee
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 3 days. I interviewed at FDIC in January 2015.

    Interview

    The interview was conducted over a span of two days with an offer being extended after breakfast on the third day. This a testing interview and there are plenty of things they are looking for: initiative, teamwork, and how well you fit in the culture. They also look for you to justify any decisions made during the tests.

    The process is nerve-racking. Out of 44 people, 13 were hired. I don't believe all field offices were able to pick someone; according to another applicant hiring managers are unable to pick anyone who scores below a certain threshold. If you fail too many of the tests and the interview, then you won't be hired. Some of the people offered the position felt they did poorly in one test but average/above average on the rest, so doing poorly in one area won't hurt you too badly.

    And don't be afraid to make a social faux pas. I made one. Another guy made one. We were both hired. You're going up against accounting experience, advanced degrees, and veterans. It's a tough competition. You'll be tempted to act like a shark - don't. No one who received an offer acted that way. Be polite, make friends with your group, discuss the position with your recruiter and your interviewers, and more importantly make sure the FDIC is the right place for you.

    Interview Questions

    • They have themes for each question, of which there are four. I would go in knowing three or four characteristics about yourself you'd like to share with them and have one or two examples for each one. All of the questions here already are similar to the questions I answered.   Answer Question

  9. Helpful (16)  

    Financial Institution Specialist Interview

    Anonymous Employee
    Accepted Offer

    Interview

    After a resume screen, you go to DC for a two day final interview. You have to do a simple math case, team work assessment, writing assignment, and interview. The writing assignment is the most important -- if the writing isn't satisfactory, you won't get an offer even if the supervisor really likes you.

    Interview Questions

    • Nothing is difficult, as they ask the same questions every time. When I interviewed, I already knew the exact questions they'd ask because of GlassDoor. But be prepared that in FDIC interviews, they ask a question and then the interviewers do not say a word. They just stare at you and see if you hit the required points on their rubric. It's very awkward.   Answer Question

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