Help given by Mentors
How the Mentor-Protégé Program benefits mentors and protégés
Mentor banks that are Financial Agents may involve protégés in the day to day operations in their role as Financial Agents (FA) to prepare proteges to become possible Financial Agents to the US Department of the Treasury.*
They may do some of the following:
- On-site visits and observation of processing facilities for orientation of FA operations.
- Information sharing to provide insight into Fiscal Service's expectations of FAs, challenges, and perspective on the processing of federal government work.
- Temporary assignment of mentor personnel to the protégé for training.
- Shadow assignments given by mentors to protégé to learn by attending meetings, planning sessions, and executing daily operations.
- Rent-free use of facilities and equipment.
- Offering guidance on a successful model for project management (a core competency for FA work) and developing human capital and technical capacity to perform core FA responsibilities.
For mentor banks that are not Financial Agents, this is an opportunity to partner with a protégé to participate in the Financial Agent Selection Process (FASP) to possibly become a Financial Agent.
The program is designed for mentor banks to have a larger impact on small banks and financial institutions by:
- Giving protégé bank leadership direct contact with mentor bank executives.
- Learning and exposure to other services (Mergers and Acquisitions, liquidity, opportunity zones and the like).