JOB DETAILS

OFSAA ALM (Functional Consultant)

CompanyUnison Group
LocationRiyadh
Work ModeOn Site
PostedJune 10, 2026
About The Company
We are a team of highly experienced sustainability experts, bringing over 20 years of wide-ranging technical, sectoral, and cultural expertise to your projects in Central Asia. This includes providing services around renewable energy supply, energy efficiency, ‘green’ technology and finance, climate change mitigation, water sustainability, green tourism, nature-based solutions, and sustainable consumption and production (SCP). This makes Unison one of the leading organisations contributing to the circular economy in the Central Asia region. We collaborate with clients to sustainably support their efforts in innovating and achieving long-term performance improvements. We advise governments, financial institutions, donors and civil society organizations on the most critical issues and provide sustainable solutions for Central Asia. Our partners include renowned international donor organisations and finance institutions, nonprofit organisations, and state authorities at the national, regional and local levels. We aim for large-scale, long-term positive changes in the energy, climate, government and environmental sectors.
About the Role

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 Responsibilities1. 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.
  • 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
Key Skills
OFSAA ALMIRRBBPRRBBBanking Risk ManagementAsset Liability ManagementGap AnalysisDuration AnalysisEaREVELCRNSFRStakeholder ManagementFunctional DesignData ValidationUATBusiness Analysis
Categories
Finance & AccountingConsultingData & AnalyticsTechnologyManagement & Leadership
Job Information
📋Core Responsibilities
Lead the functional design and implementation of OFSAA ALM solutions, focusing on IRRBB, PRRBB, and behavioral modeling. Collaborate with Treasury and Risk teams to translate business requirements into functional specifications and ensure regulatory compliance.
📋Job Type
full time
📊Experience Level
5-10
💼Company Size
34
📊Visa Sponsorship
No
💼Language
English
🏢Working Hours
40 hours
Apply Now →

You'll be redirected to
the company's application page