Functional Consultant - EPM (OFSAA ALM)

Unison Group; Riyadh; On-site; SAR 350,000 - 550,000; Full time

Job summary

Unison Group in Riyadh is seeking an experienced Functional Consultant – EPM (OFSAA ALM) to lead functional design and implementation of Asset Liability Management solutions. The ideal candidate will have strong banking risk management domain knowledge, hands-on OFSAA ALM experience, and the ability to translate business requirements into effective functional solutions.

Responsibilities include designing ALM methodologies, gathering requirements, configuring OFSAA ALM, regulatory reporting, data

Qualifications

• Hands-on OFSAA ALM experience.
• Strong knowledge of banking risk management and regulatory frameworks.
• Experience in gathering requirements and translating them into functional specs.
• Ability to lead end-to-end ALM implementations with cross-functional teams.

Responsibilities

• Lead functional design of OFSAA ALM solutions (IRRBB, PRRBB, behavioral modeling).
• Define ALM methodologies (Gap Analysis, Duration Analysis, EaR, EVE).
• Gather requirements with Treasury, Risk, and Finance teams; workshops, advisory role.
• Configure OFSAA ALM: hierarchies, assumptions, repricing rules; ensure alignment with objectives.
• Regulatory & risk reporting design for NII simulations, LCR, NSFR, stress testing.
• Data mapping, cash flows validation, reconciliation between sources and OFSAA outputs.
• Lead testing, UAT, and walkthroughs; develop test cases and validate calculations.
• Drive end-to-end delivery; coordinate with offshore teams; manage timelines and scope.
• Provide advisory on balance sheet optimization and risk mitigation.
• Prepare BRD, FSD, process flows, and data mapping documents.
• Support & troubleshoot ALM calculations and data flows.

Skills

OFSAA ALM

IRRBB/PRRBB

Banking risk mgmt

Stakeholder mgmt

Regulatory reporting

Data validation

Testing & UAT

Tools

OFSAA ALM module

Job 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 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.

• 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