Functional Consultant Transaction Banking

Domain Consultant – Transaction Banking

We are looking for experts with around 10 years experience in Transactional banking as Functional consultant for

• Payments
• Credit
• Limit Management
• Pricing (Corporate & Retail)
• Deposits

Product Rationalization:

• Work closely with business stakeholders, system integrators, and core banking vendors to assess the current product catalogue across retail, SME, and corporate segments.
• Identify products to be sunset, products to be migrated to the new core system, and new products to be introduced.
• Refine and redesign products selected for migration to ensure alignment with the new core banking platform’s product architecture and conceptual model.
• Advise on simplification, bundling, and innovation opportunities, incorporating capabilities from the core banking vendor (e.g., pricing engine, rule configurator).

Process Re-engineering:

• Focus on re-engineering core banking-related processes directly tied to the product scope.
• Target processes include: accounting flows, control and fund reservation mechanisms, management of value-bearing instruments such as deposit books and term certificates, and end-to-end product lifecycle processes.
• Product lifecycle processes include the definition of new product codes, product tree structures, pricing and fee schemes, and procedures for sunsetting obsolete products.
• Identify automation opportunities and pain points within these areas and propose lean, scalable process improvements.

Target Operating Model (TOM):

• Define the future-state TOM across key domains such as Core Banking, Lending, Payments, Pricing, Limit Management.
• Include governance and operational processes for managing the full lifecycle of financial products, from launch to retirement.
• Align TOM with business strategy, cloud-native architecture, and future product/service offerings.

Requirement:

• 8–15 years’ experience in transaction/corporate banking , with focus on Payments/Credit/Limits/Pricing

• Prior involvement in large transformation programs or strategic product design

• Exposure to platforms like T24, Finastra, Oracle FLEXCUBE, FIS, or in-house banking platforms

• Strong business analysis , stakeholder management, and documentation skills

• Experience working with consulting firms, banks, or fintechs on strategic initiatives

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