Core Banking Functional Consultant

We are looking for a Mid-Level Core Banking Functional Consultant with solid experience in banking operations, financial systems, and business process analysis. The ideal candidate will bridge the gap between banking business requirements and technology, working closely with banking institutions, business users, developers, and implementation teams to configure, implement, test, and support core banking solutions.

The candidate should have a strong understanding of banking processes and be capable of translating business requirements into functional specifications and system workflows.

Key Responsibilities

- Gather, analyze, and document business requirements from banking and financial institution stakeholders.

- Understand and analyze core banking business processes, workflows, and operational requirements.

- Configure and support core banking solutions based on approved business requirements.

- Translate business requirements into clear Functional Requirement Specifications (FRS) and functional documentation.

- Work closely with technical teams to ensure requirements are correctly implemented.

- Conduct business process mapping, gap analysis, and solution design.

- Participate in system configuration, integration, data migration, and implementation activities.

- Prepare and execute SIT, UAT, regression testing, and functional test scenarios.

- Coordinate with business users during UAT and support issue resolution.

- Provide functional support during implementation, deployment, and post-go-live operations.

- Analyze system issues and work with technical teams to identify appropriate solutions.

- Prepare user manuals, process documentation, training materials, and system procedures.

- Conduct end-user training and demonstrations for banking staff.

- Participate in change management and ensure users understand new system processes.

- Monitor implementation progress and communicate functional risks, gaps, and dependencies.

- Support continuous improvement of banking processes and system functionality.

- Ensure implemented solutions align with banking policies, internal controls, and applicable regulatory requirements.

Core Banking Functional Areas

The candidate should have practical knowledge of some or most of the following:

- Customer / CIF Management

- Customer Onboarding

- Account Opening and Maintenance

- Savings and Current Accounts

- Fixed / Term Deposits

- Loans and Credit Management

- Loan Application and Approval Workflows

- Loan Disbursement and Repayment

- Interest Calculation

- Fees, Charges, and Commissions

- General Ledger and Accounting Integration

- Teller and Cash Management

- Branch Operations

- Payments and Transfers

- Bank Reconciliation

- Customer and Account Statements

- Transaction Processing

- Standing Orders

- End-of-Day / Beginning-of-Day Processing

- User Roles and Authorization Workflows

- Reporting and Regulatory Requirements

- Integration with payment systems and other financial platforms