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OFSAA ALM (Functional Consultant)

UNISON Group
الرياض, KSA
fulltime
2 weeks ago
management consultingstrategybusiness advisoryprocess improvementstakeholder managementproblem solving
Free

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Overview

  • We are looking for an experienced **Functional Consultant – EPM (OFSAA ALM)** to lead functional design and implementation of Asset Liability Management (ALM) solutions.
  • The ideal candidate should have strong domain expertise in banking risk management, hands-on experience with OFSAA, and the ability to translate business requirements into effective functional solutions.
  • **Key Responsibilities****1.
  • Business Solution Design*** Lead functional design of OFSAA ALM solutions including IRRBB, PRRBB, and behavioral modeling.
  • Define ALM methodologies such as Gap Analysis, Duration Analysis, EaR, and EVE.
  • Translate business requirements into functional specifications and solution blueprints.
  • **2.
  • Requirements Gathering & Stakeholder Management*** Collaborate with Treasury, Risk, and Finance teams to gather requirements.
  • Conduct workshops and act as a trusted advisor to stakeholders.
  • Bridge communication between business, functional, and technical teams.
  • **3.
  • OFSAA ALM Functional Configuration*** Define product hierarchies, assumptions (prepayment, decay rates), and repricing rules.
  • Validate ALM rule setups and ensure alignment with business objectives.
  • Work closely with technical teams for system configuration.
  • **4.
  • Regulatory & Risk Reporting*** Ensure compliance with IRRBB and liquidity regulatory frameworks.
  • Define reporting for NII simulations, LCR, NSFR, and stress testing scenarios.
  • **5.
  • Data Validation & Reconciliation*** Define data mapping and validate cash flows, ALM outputs, and risk metrics.
  • Perform reconciliation between source systems and OFSAA outputs.
  • **6.
  • Testing & Validation*** Lead functional testing, UAT, and system walkthroughs.
  • Develop test cases and validate OFSAA calculations and outputs.
  • **7.
  • Implementation & Delivery*** Drive end-to-end functional delivery across project lifecycle.
  • Coordinate with business, technical, and offshore teams.
  • Manage timelines, scope, and deliverables.
  • **8.
  • Advisory & Best Practices*** Provide guidance on balance sheet optimization and risk mitigation.
  • Recommend industry best practices in ALM and risk management.
  • **9.
  • Documentation*** Prepare BRD, FSD, process flows, and data mapping documents.
  • **10.
  • Support & Troubleshooting*** Analyze and resolve issues in ALM calculations and data flows.
  • Perform root cause analysis and support production issues.

Requirements

  • Hands-on experience with **OFSAA ALM module** (Functional).
  • Expertise in **IRRBB / PRRBB frameworks**
  • Good understanding of **banking products** (loans, deposits, derivatives)
  • Experience in **ALM methodologies** (Gap, Duration, EaR, EVE)
  • Knowledge of **Liquidity Risk (LCR, NSFR)**
  • Strong stakeholder management and communication skills

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