OFSAA ALM (Functional Consultant)📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
Unison Group is seeking an experienced Functional Consultant specializing in OFSAA ALM to join our team in Riyadh, Saudi Arabia. This full-time position is crucial for leading the functional design and implementation of Asset Liability Management (ALM) solutions. The ideal candidate will possess strong domain expertise in banking risk management, extensive hands-on experience with the OFSAA platform, and a proven ability to translate complex business requirements into effective functional solutions. This role involves close collaboration with various banking departments, including Treasury, Risk, and Finance, to ensure ALM solutions align with business objectives and regulatory requirements. You will act as a key liaison between business stakeholders and technical teams, driving the successful delivery of ALM projects.
Key Responsibilities
- Lead the functional design of OFSAA ALM solutions, encompassing Interest Rate Risk in the Banking Book (IRRBB), Price Risk in the Banking Book (PRRBB), and behavioral modeling.
- Define and implement core ALM methodologies such as Gap Analysis, Duration Analysis, Earnings at Risk (EaR), and Economic Value of Equity (EVE).
- Translate detailed business requirements into comprehensive functional specifications and solution blueprints.
- Collaborate effectively with Treasury, Risk, and Finance teams to meticulously gather and document business requirements.
- Conduct workshops with stakeholders and serve as a trusted advisor, providing expert guidance on ALM best practices.
- Act as a crucial communication bridge between business, functional, and technical teams throughout the project lifecycle.
- Define product hierarchies, critical assumptions (*, prepayment, decay rates), and repricing rules within the OFSAA ALM module.
- Validate ALM rule setups to ensure they accurately reflect business objectives and risk appetite.
- Work closely with technical teams to facilitate the accurate system configuration of OFSAA ALM.
- Ensure strict compliance with regulatory frameworks, including IRRBB and liquidity risk management guidelines.
- Define reporting requirements for Net Interest Income (NII) simulations, Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), and stress testing scenarios.
- Define data mapping strategies and validate cash flows, ALM outputs, and key risk metrics.
- Perform detailed reconciliation between source systems and OFSAA ALM outputs to ensure data integrity.
- Lead functional testing efforts, including User Acceptance Testing (UAT) and system walkthroughs.
- Develop comprehensive test cases and validate OFSAA calculations and outputs rigorously.
- Drive end-to-end functional delivery of ALM solutions across the entire project lifecycle.
- Coordinate effectively with business, technical, and offshore teams to ensure seamless project execution.
- Manage project timelines, scope, and deliverables to ensure successful project completion.
- Provide expert guidance on balance sheet optimization strategies and risk mitigation techniques.
- Recommend and implement industry best practices in ALM and banking risk management.
- Prepare essential project documentation, including Business Requirements Documents (BRD), Functional Specification Documents (FSD), process flows, and data mapping documents.
- Analyze and resolve complex issues related to ALM calculations and data flows.
- Perform root cause analysis for production issues and provide ongoing support to troubleshoot and resolve them.
Qualifications and Requirements
- Demonstrated hands-on experience with the OFSAA ALM module in a functional capacity.
- Expertise in the frameworks of Interest Rate Risk in the Banking Book (IRRBB) and Price Risk in the Banking Book (PRRBB).
- A strong understanding of various banking products, including loans, deposits, and derivatives.
- Proven experience with core ALM methodologies such as Gap Analysis, Duration Analysis, EaR, and EVE.
- Knowledge of Liquidity Risk management principles and regulations, including LCR and NSFR.
- Excellent stakeholder management and communication skills, with the ability to engage effectively with diverse teams and leadership.
Required Skills
- OFSAA ALM
- IRRBB
- PRRBB
- Banking Products
- ALM Methodologies (Gap Analysis, Duration Analysis, EaR, EVE)
- Liquidity Risk (LCR, NSFR)
- Stakeholder Management
- Communication
Work Environment
This is a full-time position based in Riyadh, Saudi Arabia. The role requires 5-10 years of relevant experience.
Requirements
- Requires 5-10 Years experience
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