Company Description Sharobi Technologies India Pvt. Ltd. is a technology services and consulting organization delivering solutions to clients in banking, financial services, and other industries. The company focuses on implementing enterprise-grade software platforms and providing specialized functional and technical consulting.

Sharobi

Technologies emphasizes quality, domain expertise, and collaboration to help clients improve operational efficiency and meet regulatory and business objectives. Team members work on complex, high-impact projects and are encouraged to develop their skills across products, domains, and technologies.

Location : Bangalore/Mumbai Role Overview The IC3 Functional Consultant for the OFSAA Enterprise Risk Management (ERM) suite supports the implementation, configuration, testing, and validation of OFSAA modules such as ALM, LRM, Basel, FTP, and PFT. This role requires solid understanding of banking products, risk concepts, and OFSAA functional capabilities, with the ability to execute functional tasks independently while working under the guidance of senior consultants. Key Responsibilities

1.

Requirement

Understanding & Analysis

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 Modules

Perform hands-on configuration within OFSAA including:

Product behaviours & bucketing rules

NMD assumptions & prepayment parameters (as directed)

Scenario setups, shock parameters, model assumptions

Allocation rules, transformation rules, and calculation rules

Configure metadata, dimension hierarchies, member attributes, and rule dependencies.

3.

Scenario





Execution & Result Validation

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.

- Data & Mapping Support

Work 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).

- Testing & Documentation

Prepare 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 Support

Participate 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.

- Collaboration

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 & Experience

Functional Skills





Strong understanding of core banking products: loans, deposits, securities, derivatives, cash management.

Working knowledge of risk management areas such as:

ALM / IRRBB

Liquidity (LCR/NSFR) & funding gaps

Basel regulatory calculations

FTP methodologies (basic familiarity)

Ability to interpret business requirements and translate them into OFSAA configurations.

OFSAA Product Skills

Hands-on experience in at least one OFSAA ERM module (ALM, LRM, Basel, FTP, or PFT).

Understanding of

OFSAA Rule Framework

Cash Flow Engine concepts

DIM/FCT structures

Scenario and assumption setups

Knowledge of OFSAA interface and model execution lifecycle.

Soft Skills

Strong 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

Qualifications

3–6 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.

Success

Measures (KPIs)

Accurate and timely completion of functional configuration and testing tasks.

Quality of scenario outputs and reduction in functional defects.

Improvement in data reconciliation and model validation quality.

Positive feedback from senior consultants and project stakeholders.

Ability to independently manage a functional module or workstream with consistent progress. If you are interested and confident, Please, share your profile at [email protected]. with notice period, Current Salary and Expected Salary.

📌 Functional Consultant – OFSAA ERM Suite (Bengaluru)
🏢 sharobi technologies india
📍 Bengaluru