OFSAA ALM Functional Consultant

Job description / Role

Description

We are looking for an OFSAA ALM Functional Consultant to support functional requirements, analysis, and implementation activities for an ongoing ALM initiative in Riyadh. The role involves close collaboration with business stakeholders, IT teams, and implementation partners to ensure accurate ALM configurations and reporting.

Key responsibilities:

• Gather, analyze, and document functional requirements related to OFSAA Asset Liability Management (ALM).
• Understand bank ALM processes including liquidity risk, interest rate risk, FTP, and balance sheet management.
• Translate business requirements into OFSAA ALM functional specifications.
• Support configuration, parameterization, and validation of OFSAA ALM modules.
• Perform UAT support, scenario testing, and reconciliation of ALM outputs.
• Coordinate with technical teams for data mapping, model setup, and issue resolution.
• Prepare functional documents such as BRD, FRD, and test cases.
• Support regulatory and management reporting requirements.

Required skills & qualifications:

• Hands-on experience with OFSAA ALM module (Functional).
• Strong understanding of banking ALM concepts (IRRBB, liquidity, FTP).
• Experience in requirements gathering and functional documentation.
• Exposure to UAT, validation, and reconciliation processes.
• Good communication skills and ability to work with cross-functional teams.
• Prior experience in banking or financial services projects is preferred.