Functional Consultant

About the role

A leading UAE bank is undertaking a major transformation programme to fully automate its regulatory reporting landscape. We are looking for an experienced Functional Consultant to play a pivotal role in this initiative — translating regulatory requirements into bank-specific business logic, driving functional design, and ensuring a smooth transition from legacy/manual reporting to a modern, audit-ready automated solution.

This is a hands-on role for someone who enjoys sitting at the intersection of Finance, Operations, and Technology, and who has a track record of leading regulatory reporting automation programmes end-to-end.

What you'll do

• Act as the functional bridge between Regulatory Finance, Regulatory Operations, and IT delivery squads.
• Document detailed business interpretations and data transformation logic for all in-scope regulatory reports.
• Drive functional solutioning workshops and finalise functional specifications with technology partners.
• Conduct impact assessments comparing automated outputs against current submissions; categorise variances as automation gains, legacy errors, data gaps, or functional defects.
• Lead and obtain sign-off on User Acceptance Testing (UAT), including parallel-run validation against legacy reports.
• Define tolerance thresholds and adjustment/override processes within the automated workflow.
• Perform Root Cause Analysis on functional defects across source data, mapping logic, and code.
• Author the Operational Runbook for Reg Ops — covering triggers, exception handling, reconciliations, and override protocols.
• Support operationalisation, training, and the transition of Reg Ops from manual preparation to a "review and oversight" model.

Requirements

Experience

• 8–10 years as a Functional Consultant in banking, across Regulatory Reporting, ALM/FTP, or other Finance and Risk domains.
• 5–6 years specifically in Regulatory Reporting Automation, including hands-on experience as a Functional Lead on at least one such programme.
• Proven delivery of regulatory reporting automation for CBUAE (preferred) or other major jurisdictions (e.g. KSA, Egypt, India, Singapore).

Subject matter expertise

• Strong working knowledge of CBUAE SupTech and BRF regulatory guidelines and explanatory notes (or equivalent depth in another major regulator, with willingness to ramp up on CBUAE quickly).
• Solid understanding of banking products and the functional data landscape across core banking systems.