Functional Consultant - EPM (OFSAA ALM)

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