VS01643 - OFSAA ERM Functional Consultant

Work with senior consultants and business stakeholders to gather and understand functional requirements.Analyse regulatory and internal risk requirements in areas such as ALM/IRRBB, Liquidity (LCR/NSFR), Basel III/IV, FTP, and stress testing.Support the creation of functional requirement documents (FRDs), mapping sheets, and gap analyses.2. Functional Configuration of OFSAA ERM ModulesPerform hands-on configuration within OFSAA including:Product behaviours & bucketing rulesAllocation rules, transformation rules, and calculation rulesConfigure metadata, dimension hierarchies, member attributes, and rule dependencies.Run test scenarios for ALM, LRM, Basel, FTP or other modules during SIT/UAT.Validate scenario outputs, cash flows, rates, balances, risk metrics, and KPI calculations.Support reconciliation of OFSAA outputs with business expectations and source system data.4. Data & Mapping SupportWork with technical teams to clarify functional data requirements for staging and foundation layers.Review mappings, data dictionaries, DIM/FCT attributes, and business rule translation requirements.Validate data loads from a functional standpoint (completeness, correctness, business logic alignment).5. Testing & DocumentationPrepare test cases, expected results, and traceability matrices for SIT and UAT.Document configuration setups, rule logic, scenario assumptions, and test findings.Track functional defects, analyse root causes, and work with technical teams on resolution.6. Client Interaction & Functional SupportParticipate in client workshops, walkthroughs, and solution demos.Provide functional clarifications to the client and internal teams.Assist in user training, handover documentation, and production readiness activities.Collaborate closely with technical consultants, data engineers, QA teams, and senior functional leads.Escalate risks and issues promptly with appropriate functional insights.Support project management with inputs for effort estimation and planning for assigned modules.Required Skills & ExperienceFunctional SkillsStrong understanding of core banking products: loans, deposits, securities, derivatives, cash management.Working knowledge of risk management areas such as:ALM / IRRBBLiquidity (LCR/NSFR) & funding gapsBasel regulatory calculationsFTP methodologies (basic familiarity)Ability to interpret business requirements and translate them into OFSAA configurations.OFSAA Product SkillsHands-on experience in at least one OFSAA ERM module (ALM, LRM, Basel, FTP, or PFT).Understanding of:OFSAA Rule FrameworkCash Flow Engine conceptsDIM/FCT structuresScenario and assumption setupsKnowledge of OFSAA interface and model execution lifecycle.Soft SkillsStrong analytical, conceptual, and problem-solving skills.Good communication skills to explain functional logic to technical teams and clients.Ability to work independently on assigned modules with minimal supervision.Detail-oriented with strong documentation habits.Preferred Qualifications36 years of experience in OFSAA or risk/finance functional consulting.Experience in at least one regulatory framework (RBI, EBA, Fed, PRA, MAS).Exposure to ALM/Liquidity analytics or basic quant knowledge is a plus.Degree in Finance, Economics, Banking, Risk, or related field.OFSAA or risk-related certifications (FRM/CFA) are a plus but not mandatory. .