Functional Consultant - EPM (OFSAA ALM) at Unison Group

Riyadh, Riyadh Region, Saudi Arabia -

Full Time

Start Date

Immediate

Expiry Date

20 Jul, 26

Salary

0.0

Posted On

21 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

OFSAA ALM, Asset Liability Management, IRRBB, PRRBB, Banking Risk Management, Liquidity Risk, Gap Analysis, Duration Analysis, EaR, EVE, LCR, NSFR, Business Solution Design, Stakeholder Management, Data Mapping, Functional Configuration

Industry

Business Consulting and Services

Description

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 Responsibilities1. 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. 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

Responsibilities

The consultant will lead the functional design and implementation of OFSAA ALM solutions, including defining methodologies and configuring rules. They will also manage stakeholder requirements, ensure regulatory compliance, and oversee testing and data validation processes.