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FDIC Conditions of Employment
1.
Integrity and Ethics |
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Core to the FDIC's mission
is its ability to promote and maintain the public's trust and confidence in
our nation's financial system. Given its public trust role, the FDIC expects
all of its employees to uphold the highest standards of integrity and
ethical conduct. As a condition of employment with the FDIC, job applicants
will be required to complete an Applicant Certification Statement
prior to receiving an offer of employment. This certification form requires
applicants to provide information that will assist the FDIC in determining
whether a candidate's prior employment and financial history would create an
ethical conflict with the FDIC's mission. The FDIC is prohibited from
employing any person who does not meet its minimum competence, experience,
integrity, and fitness requirements. Failure to complete the Applicant
Certification Statement in a timely and truthful manner will result in a
determination of ineligibility for employment with the FDIC.
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2. Suitability |
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Candidates who are
tentatively identified for appointment must meet suitability
requirements for Federal employment prior to appointment. FDIC will
request applicant to provide additional information, including a credit
statement release, prior to making a formal offer of employment, as
required by 12 CFR Part 336.
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3. Legal
Bars to Employment |
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Under law, FDIC may not
employ any person who has:
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been convicted of any
felony;
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been removed from, or
prohibited from participating in the affairs of any insured depository
institution pursuant to any final enforcement action by any
appropriate Federal banking agency;
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demonstrated a pattern or
practice of defalcation regarding obligations to insured depository
institutions; or
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caused a substantial loss,
in an amount in excess of $50,000, to Federal deposit insurance funds.
FDIC employees, their spouses, and minor children are also prohibited
from acquiring, owning, or controlling, directly or indirectly, a
security of an FDIC-insured depository institution, or an affiliate of
an FDIC-insured depository institution.
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4.
Conflict of Interest |
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An applicant who accepts
and occupies a position and who holds a license related to real estate,
appraisals, securities, or insurance, including but not limited to a
real estate broker’s license, a mortgage broker’s license, a financial
planner license, and a real estate appraiser license, is prohibited from
using such license in matters involving or related to real estate,
appraisals, securities, or insurance, other than in the performance of
his or her official duties, for the production of income. |
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