New inspector general for bank deposit insurance agency takes office

A new inspector general has taken office for the federal insurer of bank deposits, the agency said Monday, following her confirmation by the Senate late last month.

Jennifer L. Fain is the agency’s fourth presidentially appointed inspector general of the Federal Deposit Insurance Corporation (FDIC), the agency said in a release. She was nominated for the position by President Joe Biden (D) on Sept. 15.

Fain was previously deputy inspector general for the Export-Import Bank of the United States (EXIM). Before that, she served for nearly three years as acting inspector general (IG) of EXIM, where she led a team of auditors, investigators, and analysts providing independent oversight of the agency’s programs and operations, FDIC said.

Overall, FDIC said she has more than 22 years working at inspector general offices. The agency also said she has additionally held leadership positions in audit, inspection, and evaluation offices at the Federal Housing Finance Agency (FHFA) and the U.S. Department of Housing and Urban Development (HUD).

Fain earned her bachelor of science in business administration in accounting from the University of Colorado. She was also awarded a master of science degree in finance from Johns Hopkins University. She is a Certified Internal Auditor.

Jennifer L. Fain Appointed FDIC Inspector General