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The Federal Deposit Insurance Corporation’s economists are turning to college students for assistance with some of their most challenging research problems for the second year in a row. They are not just asking students to respond to academic questions, but also to help determine exactly what questions bank regulators should be asking. Just a few weeks ago, the second Annual FDIC Academic Challenge was launched, and this one is centered on COVID-19’s effects on the banking system. On Federal Drive with Tom Temin, Jared Serbu spoke with Jonathan Pogach, the FDIC’s director of financial modeling and research, for more information.
The Structure of Federal Interviews
Interviews for Top Jobs at FDIC
Financial Management Scholar Interview
I applied online. I interviewed at FDIC in Jan 2022
Interview
It was over the phone without any cameras. The questions were pretty easy if you prep and have experiences to talk about. It is 4 or 5 behavioral question and I used the STAR method to answer the questions. The questions can be long, but they didn’t mind repeating when I asked. It can be weird because they give no feedback on what you say but they are nice about it. They give time at the end to ask them any questions at the end.
- Not allowed to discuss questions, but as long as you research behavioral questions and prepare for them, you should be fine.
Intern – Hourly Interview
I applied online. The process took 3 months. I interviewed at FDIC
Interview
It wasn’t too difficultUse the STAR method, very basic behavioral questions such as describe a time you faced conflict, how did you handle it and what was the outcome?i don’t think i’m allowed to say too much about the process
- What was a conflict that you faced
What candidates say about the interview process at FDIC
- extremely strictPosted on January 7, 2019 by Technian in Dallas, Texas
- Dispatch Technician CSRA/ Agynesis (sub-contractor) – Arlington, VAShared on September 7, 2017 – Calm and collected
- Posted on August 6th, 2017 by Methodical – Accounting Manager – Wright Avenue Auburn NY
How candidates received their first interview at FDIC
- I went to the hearing company with all my documents. Shared on September 26, 2017 – DCJS – Arlington, VA.
- On June 28, 2017, a consulting company in Miami, Florida posted a job listing for a forensic audit manager who was a CPA/CFE.
- Resolutions and Receivership Analyst – Dallas, Texas – Applied and reappliedShared on July 6, 2016
What advice do candidates give for interviewing at FDIC
- Query shared on December 9, 2018 by a freelance consultant working in the banking sector in Jacksonville, Florida
- CG – Dallas, Texas – Resolutions and Receiverships Specialist – Shared on November 23, 2017
- Be yourself, yet professional. shared on August 6 by a finance manager in Wright Avenue Auburn, New York
This question may be asked during the interview to gauge your familiarity with the company you are seeking employment with. Make sure you thoroughly research the FDIC before your interview in order to respond to this question. You can look up news articles about recent FDIC-related events or find information on the FDIC website.
The ability of a bank to continue operating even if it loses access to its capital makes liquidity one of the most crucial aspects of banking. When assessing a bank’s liquidity position, there are several factors we should consider. To begin with, we must confirm that there is enough money on hand to accommodate customer withdrawal requests. The bank must have enough collateral to cover any loans or other assets it holds, which is the second thing we need to make sure of. The bank’s capacity to raise additional funds in the event of an emergency must be looked at in detail. ”.
For instance, I would first determine whether the bank has enough capital reserves to cover its assets. If not, I would collaborate with management to create a strategy for raising more money or reorganizing operations to cut costs. In some instances, this might entail liquidating certain assets or closing branches. I would also watch the bank’s daily cash flow and deposits to make sure it maintains an adequate liquidity level. ”.
You can anticipate being questioned on a range of topics regarding your qualifications, employment history, and availability if you’re applying for a position at the FDIC. To assist you in preparing for your interview, we’ve compiled a list of FDIC interview questions and responses in this guide.
Example: “The biggest challenge facing banks today is customer service. When customers call in with inquiries or visit their local branches, they want a more individualized experience. They desire to feel valued as individuals, not just another account number, by their bank. At my current job, where we have implemented new training programs and technological solutions to improve our customer service offerings, I have personally witnessed this. ”.
I recently applied to the FDIC as a Financial Institution Specialist (FIS) while in my senior year of college. I recently received an invitation from the FDIC to take part in a “virtual hiring event” where there will be a structured interview after passing the writing test. I am aware of the interviewing, hiring, onboarding, etc. procedures for government jobs. is lengthy, but I wanted to know if anyone would be willing to share their experience in an FDIC interview (i e. I’m really interested in working with them; if you have any information about how long it took, how many interviews you had, or helpful advice regarding the interview process, please comment or send me a direct message.
The Federal Deposit Insurance Corporation’s economists are turning to college students for assistance with some of their most challenging research problems for the second year in a row. They are not just asking students to respond to academic questions, but also to help determine exactly what questions bank regulators should be asking. Just a few weeks ago, the second Annual FDIC Academic Challenge was launched, and this one is centered on COVID-19’s effects on the banking system. On Federal Drive with Tom Temin, Jared Serbu spoke with Jonathan Pogach, the FDIC’s director of financial modeling and research, for more information.
Best listening experience is on Chrome, Firefox or Safari. Subscribe to Federal Drive’s daily audio interviews on Apple Podcasts or PodcastOne.
FAQ
How long is the FDIC hiring process?
The hiring procedure at FDIC requires an average of 40 days when taking into account 157 user-submitted interviews for all job titles.
What are some good questions to ask during a bank interview?
- What kind of training will you offer with this role? .
- What will success look like in this role? …
- What sort of training do you provide for developing one’s leadership and self?
- What do you think my room for improvement is in this position?
What interview questions does Bank of America ask?
- Describe a project you worked on and the difficulties you faced there.
- What do you consider to be your greatest personal achievement? .
- What are your strategies for dealing with failure?
