# OFSAA ALM (Functional Consultant) — Unison Group

Canonical: https://jobxdubai.com/jobs/4035c7f9-ofsaa-alm-functional-consultant
Location: Riyadh, Saudi Arabia
Type: contract · Level: senior
Monthly salary: AED 24,500 to 41,160 per month (estimated, not employer-stated) (UAE salaries are tax-free)
Posted: 2026-09-16
Apply: https://jobs.workable.com/view/8VSWjkfau5Je6r9PxAceys/ofsaa-alm-(functional-consultant)-in-riyadh-at-unison-group

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## 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

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