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Open nowPosted 18 days ago

OFSAA ALM (Functional Consultant)

Workable (global search)108,016 open roles

Where
Riyadh, Riyadh Province, Saudi Arabia
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Your applicationOpen nowOFSAA ALM (Functional Consultant)Workable (global search) · Riyadh, Riyadh Province, Saudi Arabia

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Early applications get read.

7.9% of postings close within 7 days. Measured by our own scanner across the market. Workable (global search) postings stay open a median of 7 days.

Share of postings closed within
  1. 1.6%1 day
  2. 3.6%3 days
  3. 7.9%7 days
  4. 14.9%14 days
  5. 34.0%30 days
This job: posted 18 days ago

Workable (global search) median: 7 days open

The posting

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.

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
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