Senior Business Operations Officer | FDIC Part 370

Job Type

Full Time Exempt

General Description

We are seeking a highly analytical and technically skilled professional to lead our FDIC Part 370 compliance efforts. This role is responsible for ensuring our deposit insurance determination processes are robust, accurate, and compliant with FDIC regulations. These activities include leadership over the identification and implementation of reporting solution enhancements; data quality, remediation, and validation efforts; operational readiness and testing; and executing data reconciliation and automation initiatives. The ideal candidate will be strategic, analytical and a strong communicator with the ability to influence key decisions across different levels in the Corporation.

The selected individual will possess hands-on expertise in Cognos reporting, the design and implementation of logic within the FDIC compliance ecosystem, and the leadership of user acceptance testing (UAT) for regulatory technology solutions.

Essential Duties and Responsibilities

•    Reconcile deposit balances across core systems, general ledger, and subledgers.
•    Validate interest accruals, suspense accounts, and off-balance-sheet items in FDIC extracts.
•    Facilitate account and deposit data readiness efforts including system enhancements, data accuracy initiatives, and compliance simulations.
•    Confirm account classification into FDIC ownership categories (e.g., Single, Joint, Retirement, Trust).
•    Support mapping logic and documentation for insurance determination.
•    Review insured/uninsured amount calculations.
•    Ensure aggregation logic aligns with FDIC limits and depositor relationships.
•    Generate and review FDIC 370 readiness reports and exception summaries.
•    Support internal audits and FDIC testing with financial documentation.
•    After analyzing dry run results prepare communication and share with stakeholders.
•    Coordinate with IT to validate data feeds and interface controls.
•    Participate in change management for new products or system updates.
•    Partner with Data& Analytics team and business units in providing requirements and user acceptance testing (UAT).
•    Collaborate with Technology, Data & Analytics, Operations, and Legal to ensure sustainable and compliant processes.
•    Investigate mismatches or missing data in FDIC extracts.
•    Develop and maintain remediation plans in response to regulatory findings and coordinate their execution across impacted teams.
•    Create business requirement documents and collaborate with Data Enablement team to coordinate data and process validation testing.
•    Maintain updated policies and procedures to ensure the integrity of the regulatory reporting process.
•    Support internal control testing related to FDIC Part 370 processes. 
•    Retain audit trails for reconciliations, approvals, and adjustments impacting FDIC-related data.
•    Prepare content, coordinate deployment and monitor compliance with required training to ensure applicable employees across the corporation understand FDIC 370 requirements and financial impact.
•    Monitor financial data integrity and alignment with FDIC guidance.
•    Participate in weekly, monthly and quarterly dry runs and readiness assessments.

Education

Bachelor’s degree in Finance, Accounting, Computer Science, or related field. 

Experience

•    7+ years of experience in financial reconciliation, regulatory reporting, compliance, and financial systems logic development. 

Other Qualifications

•    Advanced knowledge of the product development life cycle, design, and data analytics.
•    Strong technical and data analytical skills (i.e., Excel, and other similar applications) with experience in analyzing, managing and reporting from large sets of structured data.
•    Hands-on experience in Cognos reporting, including designing, implementing, and enhancing reporting solutions for regulatory compliance.
•    Ability to generate and review FDIC 370 readiness reports and exception summaries using Cognos.
•    Communicate effectively in both oral and written form and be able to adapt the message according to the audience, in both English and Spanish.
•    Experience working in the consumer space with detailed knowledge of entity structure (Sole Prop, Estates, Trusts).
•    Demonstrated intellectual curiosity and operational excellence experience.
•    Able to think critically to quickly analyze and resolve issues.
•    Influences and delivers results through collaborative relationships with key partners and stakeholders.
•    Works independently to prioritize work and deliver against regulatory deadlines and a dynamic environment. 
•    Experienced in managing audits and interacting with regulatory agencies and /or regulatory exams.
•    Regulatory reporting experience and/or experience in a global markets regulatory reporting environment or exposure to position/transaction processes/life cycle.
•    Experience in technology implementation projects including involvement in building new systems to meet complex reporting requirements.
•    Experience in designing and implementing logic within the FDIC compliance ecosystem, ensuring accurate deposit insurance determination.
•    Expertise in mapping logic and documentation for insurance determination, including account classification and aggregation logic aligned with FDIC limits.
•    Ability to create business requirement documents and collaborate on process validation testing.
•    Leadership in user acceptance testing (UAT) for regulatory technology solutions, including logic validation and operational readiness.

Region Locations

Señorial Center Building

San Juan, PR

Work Schedule

Hybrid work schedule
Monday to Friday- 8:00 am to 5:00 pm
Flexibility to work non-business hours, holidays, and weekend when needed.

Values