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OFSAA ALM (Functional Consultant)

Unison Group
Riyadh, KSA
fulltime
Mid-Senior
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.

**8. Advisory & Best Practices**

****9.

Documentation****

• 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.
  • 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.
  • 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.
  • Ensure compliance with IRRBB and liquidity regulatory frameworks.
  • Define reporting for NII simulations, LCR, NSFR, and stress testing scenarios.
  • Define data mapping and validate cash flows, ALM outputs, and risk metrics.
  • Perform reconciliation between source systems and OFSAA outputs.
  • Lead functional testing, UAT, and system walkthroughs.
  • Develop test cases and validate OFSAA calculations and outputs.
  • Drive end-to-end functional delivery across project lifecycle.
  • Coordinate with business, technical, and offshore teams.
  • Manage timelines, scope, and deliverables.
  • Provide guidance on balance sheet optimization and risk mitigation.
  • Recommend industry best practices in ALM and risk management.
  • Prepare BRD, FSD, process flows, and data mapping documents.
  • 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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