Working at FDIC | Glassdoor

FDIC Overview

Washington, DC
5001 to 10000 employees
1933
Government
Banks & Credit Unions
$100 to $500 million (USD) per year
The FDIC is like money in the bank, only better. The Federal Insurance Corporation (FDIC) insures deposits and retirement accounts in member accounts for up to $250,000, protecting depositors in the event of bank failure. It also supervises financial institutions and manages ... Read more

Mission: The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by: insuring deposits, examining and supervising financial institutions for safety and ... Read more

Company Updates

  • ​Are you graduating soon with a degree in Accounting, Business Administration, Finance, Economics, Mathematics, or Statistics? FDIC recruiters are on campus and are looking for the best and the brightest. http://glassdoor.com/slink.htm?key=vM5fD

  • Are you graduating soon with a degree in Accounting, Business Administration, Finance, Economics, Mathematics, or Statistics? FDIC recruiters are on campus and are looking for the best and the brightest. http://glassdoor.com/slink.htm?key=vMnI9

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FDIC – Why Work For Us?


Mission

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by:

  • Insuring deposits.
  • Examining and supervising financial institutions for safety and soundness and consumer protection.
  • Making large and complex financial institutions resolvable. and
  • Managing receiverships.

 Vision

The FDIC is a recognized leader in promoting sound public policies, addressing risks in the nation's financial system, and carrying out its insurance, supervisory, consumer protection, resolution planning, and receivership management responsibilities.

The FDIC and its employees have a tradition of distinguished public service. Six core values guide us in accomplishing our mission:

  • Integrity
    We adhere to the highest ethical and professional standards.
  • Competence
    We are a highly skilled, dedicated, and diverse workforce that is empowered to achieve outstanding results.
  • Teamwork
    We communicate and collaborate effectively with one another and with other regulatory agencies.
  • Effectiveness
    We respond quickly and successfully to risks in insured depository institutions and the financial system.
  • Accountability
    We are accountable to each other and to our stakeholders to operate in a financially responsible and operationally effective manner.
  • Fairness
    We respect individual viewpoints and treat one another and our stakeholders with impartiality, dignity, and trust.

The Corporate Employee Program, or CEP, prepares newly hired Financial 
Institution Specialists (FISs) for careers as bank examiners. 

As a candidate, you will participate in a rigorous interview process that 
evaluates writing, math, analytical, teamwork, and presentation skills. In 
addition, candidates undergo a structured, panel interview. If selected, 
you will join the FDIC at the Corporate Grade (CG) 7 with promotion 
potential to a CG-12 following successful completion of the four-year 
program. 

FDIC Recruiters actively participate in on-campus and professional and 
diversity events throughout the year. 

Learn more on our website www.fdic.gov/careers 

FDIC Website Policies and Disclaimers: https://www.fdic.gov/about/policies/index.html

During the first year, newly hired Financial Institution Specialists, or 
FISs, undergo a multi-functional training program that includes an 
orientation into the various FDIC business lines as well as technical 
training in accounting fundamentals and leadership development. FISs then 
rotate through each of the four major FDIC business lines of Risk 
Management examinations, Insurance and Research, Compliance and CRA 
Examinations, and Receivership (closed bank) Management. 

Once you successfully complete the first-year training program, you will be 
assigned to either Risk Management examinations or Compliance and CRA 
Examinations and begin your training to become a commissioned financial 
institution examiner. 

FDIC Reviews

3.8
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Recommend to a friend
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Jelena McWilliams
13 Ratings
  • Helpful (3)

    "My Perspective - 4.5 years at FDIC NYC"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Institution Specialist/Financial Institution Examiner in New York, NY
    Former Employee - Financial Institution Specialist/Financial Institution Examiner in New York, NY
    Recommends
    No opinion of CEO

    I worked at FDIC full-time (More than 3 years)

    Pros

    Benefits/Environment:
    As many other reviews have outlined, the FDIC has unbeatable benefits and work/life balance, and management truly fosters this mentality/environment. For example, managers/supervisors will work with you as best they can to accommodate you during a hardship, life event, or other personal issues. Furthermore, management rewards those who work hard and have a positive attitude, building a more open work environment.

    NYC FO:
    The benefits of working in NYC for the FDIC are numerous. For one, the NYC office is attached to the Regional Office, which gives you greater understanding of the corporation as a whole and lends to more opportunities for growth and promotion. As a major financial hub, NYC is home to diverse financial institutions, including foreign banks and large banks, that fall under FDIC purview. Additionally, the NYC office has successfully attracted talented and motivated individuals, and it is a pleasure when you get to work with these people.

    On-the-Job:
    The growth and experience you have in your first four years as a Financial Institution Specialist (FIS) are incomparable to any other first job. Practically from day one, you have a voice among examiners and bankers with over 20 to 30 years of experience. The work itself is also interesting and varied – you tackle different areas of banking at all different institutions, so the work is rarely monotonous.

    Internship Program:
    The FMS internship is a great feeder program into the FDIC FIS position. The internship has been able to capture talent and compete with other company internship/feeder programs (in the private sector). I highly recommend the FMS internship as a junior in college.

    Travel:
    Heavy travel is true in all offices with the slight exception of New York City. The NYC office will require you to travel a fair amount for stints; however, a large concentration of examined banks are in the city. Therefore, the NYC office requires less travel than other field offices across the country. A perk of FDIC travel is that you very minimally travel on your own time – you will generally travel during work hours (with the occasional exception). I.e. you schedule your travel to allow you to be home at 5pm or 6pm, whenever your normal (non-travel) work day would end.

    Cons

    Travel:
    Regardless of the office (NYC included), the travel is significant the first year as a Financial Institution Specialist (FIS) due to the rotational aspect of the job. Before you choose a division full-time (generally, Compliance or Risk Management), the corporation has you work in each division for periods of 2-6 months. These rotational periods may or may not be in your assigned, permanent city.

    Salary:
    While the base salary may not look as high as other companies, you need to factor in the value of FDIC benefits (401(K), vacation time, daily hours, etc.) to estimate the true monetary benefits.

See All 458 Reviews

FDIC Photos

FDIC photo of: Outside the Federal Deposit Insurance Corporation's satellite headquarter office located in Arlington, Virginia (Photo by Coolcaesar - available under CC-BY-NC-SA 3.0 & GFDL, v1.17)
FDIC photo of: Chicago RO
FDIC photo of: NYC Office-12th floor
FDIC photo of: Federal Deposit Insurance Corporation, 3501 Fairfax Drive. (Photo thanks to Flickr user derAmialtebloede with permission, All rights reserved.)
FDIC photo of: FDIC Building (Photo thanks to Flickr user Rev. Xanatos Satanicos Bombasticos, available under by-nc-sa v2.0)
FDIC photo of: 500 17th Street Washington, DC (Photo thanks to Flickr user Troy Holden, available under by-nc-sa v2.0)
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FDIC Interviews

Experience

Experience
71%
21%
8%

Getting an Interview

Getting an Interview
72%
18%
3%
3
2
1
1

Difficulty

2.9
Average

Difficulty

Hard
Average
Easy
  1. Featured Interview

    Helpful (1)  

    FInancial Institutional Specialist Interview

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

    Application

    I applied online. The process took 2 weeks. I interviewed at FDIC (Arlington, VA) in January 2018.

    Interview

    I got a phone call invitation 2 weeks prior to the CEP hiring event. The FDIC paid for my flight, as well as lodging at their facility and I was reimbursed for cost of the meals incurred during my travel. It was a 3 day event, consisting of a day of orientation and informational sessions about the agency and program, day of assessments and a structured interview, and by the last day you find out whether you received an offer or not

    Interview Questions

    • I was asked to sign a disclosure agreement and I'm not allowed to share any questions or specifics of the interview and assessments.   Answer Question
See All 127 Interviews

FDIC Awards & Accolades

  • Best Places To Work in the Federal Government (Mid-Size), Partnership for Public Service, 2017
  • FDIC Corporate University Included Among Training Magazine's Top 125, Training Magazine, 2018
  • Best Places To Work in the Federal Government (Large), Partnership for Public Service, 2011
  • Best Places to Work in the Federal Government (Mid-Size), Partnership for Public Service, 2012
  • Best Places To Work in the Federal Government (Mid-Size), Partnership for Public Service, 2013
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