On December 22, 2023, Jennifer L. Fain was appointed by President Joseph R. Biden, Jr. to be the fourth Presidentially-appointed Inspector General of the Federal Deposit Insurance Corporation (FDIC). Ms. Fain oversees the Office of Inspector General, which is an independent office that conducts investigations of potential fraud and other crimes related to insured financial institutions and closed banks. The office also works to detect and deter waste, fraud, and abuse at the FDIC, while promoting economy and efficiency at the agency.
Ms. Fain has served for over 22 years in the Inspector General Community, including most recently as Deputy Inspector General for the Export-Import Bank of the United States (EXIM) within the Office of the Inspector General (OIG). Prior to that role, she served for nearly three years as Acting Inspector General (IG), where she led a team of auditors, investigators, and analysts providing independent oversight of EXIM’s programs and operations.
Throughout her career, Ms. Fain has served in a variety of roles gaining extensive oversight experience in the areas of financial services and consumer protection. She was previously EXIM OIG’s Assistant IG for Audits and Evaluations and Deputy Assistant IG for Inspections and Evaluations, during which she directed complex financial and performance audits and evaluations, as well as inspections of multimillion-dollar international transactions. She has also held leadership positions in audit, inspection and evaluation offices at the Federal Housing Finance Agency and U.S. Department of Housing and Urban Development. Ms. Fain has been recognized for her service to the IG community and oversight expertise. Most recently, she received the Council of the Inspectors General on Integrity and Efficiency Award for Excellence in Management and was a member of the Comptroller General’s Advisory Council. Ms. Fain began her federal career in 1994 as an intern at the U.S. Mint’s accounting division in Denver, Colorado. Ms. Fain holds an M.S. in Finance from Johns Hopkins University and a B.S.B.A. in Accounting from the University of Colorado, and is a Certified Internal Auditor. Ms. Fain resides in Virginia with her husband.