Job Description: FDIC 370 Reporting – Functional/Production Analyst

Position Overview

The FDIC 370 Functional/Production Analyst is responsible for end‑to‑end data sourcing, validation, aggregation, and submission of FDIC 370 (Recordkeeping for Timely Deposit Insurance Determination). The role ensures the bank maintains accurate, complete, and compliant depositor and account data to support rapid insurance determination during a resolution event.

This position partners closely with Data Management, Core Banking, Operations, Technology, Compliance, and Risk teams to ensure all required data elements are sourced, cleansed, validated, and submitted according to FDIC expectations.

Key Responsibilities

1. Data Sourcing & Mapping

• Identify all required FDIC 370 data elements across core banking, deposit systems, trust systems, and customer information files.
• Work with technology teams to map source fields to FDIC 370 attributes (e.g., ownership type, right & capacity, beneficiary info, balances).
• Document data lineage, transformation logic, and data quality rules.

2. Data Quality & Flag Identification

• Implement and monitor FDIC-required flags, including:
  • Non‑standard accounts
  • Accounts requiring manual review
  • Missing or incomplete customer information
  • Aggregation exceptions
• Perform root‑cause analysis for data gaps and coordinate remediation with upstream owners.

3. Data Validation & Aggregation

• Validate customer and account data against FDIC 370 technical standards.
• Ensure correct aggregation logic for deposit insurance categories (e.g., single, joint, revocable trust, irrevocable trust, corporate).
• Reconcile balances, customer identifiers, and ownership attributes across systems.

4. Production & Submission Support

• Execute the daily/weekly/monthly FDIC 370 production cycle.
• Prepare aggregate data files and ensure they meet FDIC formatting and structural requirements.
• Support mock submissions, regulatory exams, and internal audits.
• Maintain documentation for submission processes, controls, and exception handling.

5. Issue Management & Controls

• Track and resolve data quality issues, breaks, and exceptions.
• Strengthen controls around data sourcing, validation, and aggregation.
• Support testing for system enhancements, rule changes, and remediation projects.

6. Cross‑Functional Collaboration

• Partner with Compliance, Risk, Technology, Operations, and Data Governance to ensure FDIC 370 readiness.
• Provide subject‑matter expertise during regulatory reviews and internal assessments.

Required Skills & Experience

• 5–10+ years in banking operations, regulatory reporting, data management, or deposit operations.
• Strong understanding of FDIC insurance rules, deposit ownership categories, and aggregation logic.
• Experience with FDIC 370 or similar regulatory data programs (e.g., 2052a, Y‑9C, Call Report).
• Hands‑on experience with data validation, data quality, and production reporting cycles.
• Ability to interpret regulatory requirements and translate them into functional data rules.
• Proficiency in SQL, Excel, and data analysis tools.
• Strong documentation, communication, and stakeholder‑management skills.

Preferred Qualifications

• Experience with core banking systems (FIS, Fiserv, Jack Henry, Temenos, etc.).
• Familiarity with data governance frameworks and metadata management.
• Prior involvement in regulatory remediation or large‑scale data transformation programs.
• Understanding of deposit operations, KYC/CIF data, and customer onboarding.

What FDIC 370 Requires (Quick Summary for You)

Here’s the concise version you can use with clients or candidates:

• Banks must maintain complete, accurate depositor and account records to allow the FDIC to determine deposit insurance coverage within hours of a failure.
• Required capabilities include:
  • Sourcing all depositor and account data
  • Validating ownership type, right & capacity, beneficiaries
  • Aggregating balances by insurance category
  • Flagging accounts needing manual review
  • Producing FDIC‑ready output files
  • Supporting mock runs, audits, and regulatory exams