# OFSAA ALM (Functional Consultant)

**Company:** [Unison Group](http://jobs.workable.com/companies/deKpPhPMtQZga7XoPG1tSo.md)
**Location:** Riyadh, Saudi Arabia
**Workplace:** on site
**Employment type:** Full-time
**Department:** Kapil

[Apply for this job](http://jobs.workable.com/view/4035c7f9-ac0c-4b41-8272-4698088a4526)

## 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.

## 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