Functional Consultant - Regulatory Reporting Automation

Capitex; Dubai; On-site; AED 300,000 - 520,000; Full time

Job summary

Capitex, a leading UAE bank, is seeking an experienced Functional Consultant to lead regulatory reporting automation. This pivotal role involves translating regulatory requirements into business logic, driving functional design, and managing User Acceptance Testing. The ideal candidate has 8-10 years of relevant experience, solid SQL skills, and a Bachelor's degree, with an MBA preferred. This high-visibility position offers competitive remuneration and direct exposure to senior Finance and Technology leadership.

Qualifications

• 8–10 years as a Functional Consultant in banking, especially in Regulatory Reporting.
• 5–6 years experience in Regulatory Reporting Automation as a Functional Lead.
• Proven delivery of regulatory reporting automation for major jurisdictions.
• Hands‑on experience in automating regulatory reporting processes.

Responsibilities

• Act as the functional bridge between Regulatory Finance, Operations, and IT.
• Document business interpretations and data transformations for reports.
• Lead functional solutioning workshops and finalize specifications.
• Conduct impact assessments and classify variances as automation gains, data gaps or defects.
• Lead UAT and parallel-run validation against legacy reports to obtain sign-off.
• Define tolerance thresholds and override protocols in automated workflows.
• Perform root cause analysis on functional defects across data sources and mapping logic.
• Author the Runbook covering triggers, exceptions, reconciliations, and overrides.
• Support transition of Reg Ops from manual to automated confidence-based oversight.

Skills

Functional design

Regulatory reporting automation

Stakeholder management

Problem-solving

Team collaboration

Data mapping

Education

Bachelor's degree

MBA in Finance

Tools

SQL

Wolters Kluwer OneSumX

Adenza/AxiomSL

Moody's

Oracle OFSAA

Job description

About the role

A leading UAE bank is undertaking a major transformation programme to fully automate its regulatory reporting landscape. We are looking for an experienced Functional Consultant to play a pivotal role in this initiative — translating regulatory requirements into bank-specific business logic, driving functional design, and ensuring a smooth transition from legacy/manual reporting to a modern, audit-ready automated solution.

This is a hands‑on role for someone who enjoys sitting at the intersection of Finance, Operations, and Technology, and who has a track record of leading regulatory reporting automation programmes end‑to‑end.

What you'll do

• Act as the functional bridge between Regulatory Finance, Regulatory Operations, and IT delivery squads.
• Document detailed business interpretations and data transformation logic for all in‑scope regulatory reports.
• Drive functional solutioning workshops and finalise functional specifications with technology partners.
• Conduct impact assessments comparing automated outputs against current submissions; categorise variances as automation gains, legacy errors, data gaps, or functional defects.
• Lead and obtain sign‑off on User Acceptance Testing (UAT), including parallel‑run validation against legacy reports.
• Define tolerance thresholds and adjustment/override processes within the automated workflow.
• Perform Root Cause Analysis on functional defects across source data, mapping logic, and code.
• Author the Operational Runbook for Reg Ops — covering triggers, exception handling, reconciliations, and override protocols.
• Support operationalisation, training, and the transition of Reg Ops from manual preparation to a \"review and oversight\" model.

Experience

• 8–10 years as a Functional Consultant in banking, across Regulatory Reporting, ALM/FTP, or other Finance and Risk domains.
• 5–6 years specifically in Regulatory Reporting Automation, including hands‑on experience as a Functional Lead on at least one such programme.
• Proven delivery of regulatory reporting automation for CBUAE (preferred) or other major jurisdictions (e.g. KSA, Egypt, India, Singapore).

Subject matter expertise

• Strong working knowledge of CBUAE SupTech and BRF regulatory guidelines and explanatory notes (or equivalent depth in another major regulator, with willingness to ramp up on CBUAE quickly).
• Solid understanding of banking products and the functional data landscape across core banking systems.
• Working knowledge of Finance General Ledger structures, Chart of Accounts, and financial reporting concepts.
• Demonstrated ability to lead requirements and functional design workshops and document detailed business logic.
• Experience designing cross‑report validation rules and testing intra‑ and inter‑form consistency.

Technical

• SQL proficiency for independent functional data validation (strongly preferred).
• Familiarity with one or more regulatory reporting platforms (e.g. Wolters Kluwer OneSumX, Adenza/AxiomSL, Moody's, Oracle OFSAA) is a plus.

Education

• Bachelor's degree required; MBA in Finance preferred.

Behavioural

• Self‑starter with strong ownership and delivery focus.
• Excellent stakeholder management and communication across business and technology audiences.
• Strong problem‑solving mindset and the ability to lead through ambiguity.
• Collaborative team player with leadership presence in cross‑functional settings.

High‑visibility role on a flagship transformation programme at a leading UAE bank.

Direct exposure to senior Finance and Technology leadership.

Opportunity to shape the regulatory reporting target operating model end‑to‑end.

Competitive package commensurate with experience.