Core Banking Transformation – Finance SME

Core Banking Transformation – Finance SME

Job Purpose:

The Finance SME will serve as the critical bridge between business stakeholders, finance teams, technical program streams, and vendors during the Temenos core banking transformation. This role ensures that all corporate banking operations, products (accounts, deposits, financing, payments), and target operating models align with financial accounting standards, regulatory reporting requirements, and optimal General Ledger (GL) mapping.

Key Roles and Responsibilities

Requirements Management & Financial Accounting Logic:

• Elicit Needs: Lead accounting and finance-focused workshops to gather detailed accounting requirements from business stakeholders.
• Translate Requirements: Convert finance workflows into technical accounting specifications and schemas for implementation vendors.
• Standardize Documentation: Support other SMEs for parts of the Business Requirement Documents (BRDs) relating to Chart of Accounts (CoA), product accounting rules, and financial reporting requirements.
• Review Technical Designs: Critically evaluate Functional Specification Documents (FSDs) prepared by vendors to verify financial accuracy and automated accrual/valuation logic.
• Accounting Gap Analysis: Evaluate out-of-the-box Temenos accounting functionality against the bank’s internal finance policies and regulatory reporting requirements.
• Clarify Queries: Serve as the primary point of contact for vendor queries regarding product accounting lines, and profit distribution
• Validate Financial Deliverables: Verify that vendor-configured engines generate correct journal entries and balance sheet impacts.
• Map Financial Processes: Document future-state ("To-Be") daily, monthly, and year-end closing impacted financial workflows.
• Define Accounting Rules: Establish precise system validation rules, financial reconciliation frameworks, and automated posting logic.
• GL Data Mapping: Drive the mapping of legacy module products to the targeted Temenos new modules and the approach to be followed in cooperation with Finance department.
• Data Cleansing Validation: Define financial data validation rules to clean financial balances and transactional data before migration where necessary.
• Financial Balance Reconciliation: Architect and execute rigorous trial balance and sub-ledger reconciliations to ensure zero financial leakage post-migration.

Testing, Quality Assurance & Defect Management:

• Design Accounting Scenarios: Define complex financial test cases, including end-of-day (EOD) processing, profit distribution cycles, and accruals.
• Coordinate Financial UAT: Lead finance business users through User Acceptance Testing (UAT) and day-in-the-life financial cycle simulations.
• Defend Requirements: Manage and triage financial defects, citing signed BRDs to hold vendors accountable for incorrect financial logic or system balancing errors.
• Assess Finance Impact: Evaluate how the core banking transformation alters daily back-office accounting and financial control processes.
• Create Content: Author updated financial standard operating procedures (SOPs), reconciliation guidelines, and financial controls manuals.
• Validate Training Material: Review training materials to ensure accurate depiction of financial modules and accounting entries

Required Experience and Qualifications

• Temenos Finance Core Background: Minimum 7–10 years of proven experience as a Finance Consultant or Finance SME in large-scale Temenos core banking transformation programs.
• Corporate & Islamic Accounting Expertise: Minimum 7-10 years of experience within the Middle East banking sector, specializing in Corporate Islamic Banking accounting rules (AA), profit distribution pools, and Sharia-compliant product accounting.
• Temenos Financial Modules: Expert-level knowledge of Temenos accounting structures, including Core Accounting, Arrangement Architecture (AA) accounting engines, and Temenos Payments Hub (TPH) posting lines.
• Certifications: Certified Temenos Consultant in relevant modules and professional accounting qualification (e.g., CPA, ACCA, CA, or equivalent) are highly advantageous.

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