Functional Consultant Transaction Banking

Tech Aalto Pte ltd; Singapore; On-site; SGD 130,000 - 190,000; Full time

Job summary

Tech Aalto Pte Ltd in Singapore seeks a Domain Consultant to drive transformation in Transaction Banking, covering Payments, Credit, Limits and Pricing, plus product rationalization across retail, SME and corporate segments.

You will lead business analysis, stakeholder management and coordination with banks, consultancies and fintechs, contributing to the future operating model aligned with a cloud-native strategy and core banking integration.

Qualifications

• 8–15 years’ experience in transaction/corporate banking.
• Experience with Payments, Credit, Limits and Pricing.
• Involvement in large transformation programs or strategic product design.
• Exposure to major core banking platforms (T24, Finastra, Oracle FLEXCUBE, FIS).
• Strong business analysis, stakeholder management and documentation skills.

Responsibilities

• Product rationalization: sunset, migrate, or introduce products for the new core banking platform.
• Process re-engineering for core banking processes tied to the product scope.
• Define and align the target operating model across Core Banking, Payments, Pricing, and Limits.
• Engage with business stakeholders, system integrators and vendors on strategic initiatives.

Skills

Transaction banking

Payments

Credit

Limits

Pricing

Business analysis

Stakeholder management

Documentation

Tools

T24

Finastra

Oracle FLEXCUBE

FIS

Job description

• Pricing (Corporate & Retail)

Domain Consultant – Transaction Banking

We are looking for experts with around 10 years experience in Transactional banking as Functional consultant for

• Payments
• Credit
• Limit Management
• Pricing (Corporate & Retail)
• Deposits

Product Rationalization:

• Work closely with business stakeholders, system integrators, and core banking vendors to assess the current product catalogue across retail, SME, and corporate segments.
• Identify products to be sunset, products to be migrated to the new core system, and new products to be introduced.
• Refine and redesign products selected for migration to ensure alignment with the new core banking platform’s product architecture and conceptual model.
• Advise on simplification, bundling, and innovation opportunities, incorporating capabilities from the core banking vendor (e.g., pricing engine, rule configurator).

Process Re-engineering:

• Focus on re-engineering core banking-related processes directly tied to the product scope.
• Target processes include: accounting flows, control and fund reservation mechanisms, management of value-bearing instruments such as deposit books and term certificates, and end-to-end product lifecycle processes.
• Product lifecycle processes include the definition of new product codes, product tree structures, pricing and fee schemes, and procedures for sunsetting obsolete products.
• Identify automation opportunities and pain points within these areas and propose lean, scalable process improvements.

Target Operating Model (TOM):

• Define the future-state TOM across key domains such as Core Banking, Lending, Payments, Pricing, Limit Management.
• Include governance and operational processes for managing the full lifecycle of financial products, from launch to retirement.
• Align TOM with business strategy, cloud-native architecture, and future product/service offerings.

Requirement:

• 8–15 years’ experience in transaction/corporate banking , with focus on Payments/Credit/Limits/Pricing
• Prior involvement in large transformation programs or strategic product design
• Exposure to platforms like T24, Finastra, Oracle FLEXCUBE, FIS, or in-house banking platforms
• Strong business analysis , stakeholder management, and documentation skills
• Experience working with consulting firms, banks, or fintechs on strategic initiatives