OFSAA ALM (Functional Consultant)

About the Role
We are seeking an experienced Functional Consultant – EPM (OFSAA ALM) to lead the functional design and implementation of Asset Liability Management (ALM) solutions. The ideal candidate will possess strong domain expertise in banking risk management, have hands-on experience with OFSAA, and be able 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 the 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.