Core Banking Functional Specialist
Experience: 8+ Years
Position Summary
The Core Banking Functional Specialist is an experienced banking-domain professional responsible for understanding, validating, and supporting end-to-end banking processes across core banking systems and integrated platforms.
The role requires strong hands-on knowledge of Core Banking operations, products, transaction flows, business rules, and system integrations. The resource may come from functional consulting, business analysis, implementation, banking operations, product, or quality assurance backgrounds, provided they have strong practical experience working with Core Banking systems.
The position requires close collaboration with Business, Product, Technology, Operations, QA, and external vendors to support requirement understanding, solution validation, business-process alignment, UAT, releases, and production activities.
Testing experience is not mandatory; however, the resource should be able to understand business requirements, validate system behaviour, identify functional gaps, and support business and technology teams throughout the delivery lifecycle.
Key Responsibilities
Analyze and understand Core Banking business requirements, functional specifications, change requests, and operational processes.
Provide functional expertise across Core Banking modules, products, and transaction workflows.
Validate end-to-end banking processes against approved business requirements and expected system behaviour.
Support requirement clarification and identify functional gaps, dependencies, and potential business impacts.
Work closely with Business, Product, Technology, QA, Operations, and vendor teams during implementation and change initiatives.
Support Core Banking system implementations, enhancements, upgrades, migrations, and transformation programmes.
Validate customer, account, transaction, payment, lending, and related banking workflows across integrated systems.
Support integration validation across Core Banking, Digital Banking, payment systems, middleware, and external platforms.
Review business rules, calculations, fees, limits, approvals, transaction processing, and accounting impacts.
Support SIT and UAT activities by providing functional clarification and validating business scenarios.
Assist business users during UAT, release validation, and post-production activities.
Analyze production issues from a functional perspective and support impact assessment and root-cause analysis.
Support data validation, reconciliation, and migration-verification activities where required.
Participate in requirement walkthroughs, solution discussions, defect triage, and release-readiness meetings.
Maintain functional documentation, process flows, requirement traceability, and supporting evidence.
Ensure business processes and system functionality align with applicable banking policies, controls, and regulatory requirements.
Provide functional guidance to project teams based on Core Banking domain knowledge and practical system experience.
Soft Skills
Strong understanding of banking business processes and operational workflows.
Clear and structured communication with business and technical stakeholders.
Strong analytical and problem-solving capabilities.
Ability to translate banking requirements into clear functional expectations.
High attention to detail when reviewing transactions, calculations, data, and business rules.
Ability to work across multiple teams, systems, and stakeholders.
Strong ownership and accountability for assigned functional scope.
Ability to work effectively in complex, multi-vendor, and delivery-driven environments.
Experience
8+ years of overall professional experience within banking, financial services, Core Banking implementation, functional consulting, business analysis, product, operations, or related roles.
Mandatory: Strong hands-on experience working with Core Banking systems.
Strong understanding of Core Banking products, processes, and transaction lifecycle.
Hands-on experience with one or more Core Banking platforms such as Temenos Transact/T24, Infosys Finacle, Oracle FLEXCUBE, TCS BaNCS, iMAL, or equivalent.
Strong understanding of banking areas such as Customer Management, CASA, Deposits, Payments, Transfers, Lending, Cards, Fees, Limits, and transaction processing.
Experience working with banking integrations, digital channels, payment systems, middleware, or external platforms.
Experience supporting banking-system implementations, enhancements, upgrades, migrations, or transformation initiatives.
Experience working with Business, Technology, Operations, QA, and vendor teams.
Experience supporting requirement analysis, functional validation, UAT, or production activities.
Understanding of banking regulations, internal controls, AML/KYC, and compliance requirements.
Exposure to functional testing, UAT, defect management, or release validation is an added advantage.
Technical Skills
Core Banking Domain and Functional Knowledge.
Core Banking platforms such as Temenos T24, Finacle, Oracle FLEXCUBE, TCS BaNCS, iMAL, or equivalent.
Customer and Account Management.
CASA and Deposit Products.
Payments and Fund Transfers.
Lending and Financing Processes.
Cards and related banking services.
Transaction Processing and Lifecycle.
Banking Business Rules, Fees, Limits, Interest, and Approvals.
Core Banking Integration and Interface Understanding.
Digital Banking and Channel Integration Exposure.
Payment Systems and Middleware Understanding.
Data Validation and Reconciliation.
Requirement Analysis and Functional Documentation.
UAT and Business Validation.
Production Issue Analysis and Functional Impact Assessment.
Banking Controls, AML/KYC, Compliance, and Regulatory Awareness.
SQL / database validation exposure – Good to have.
API and integration testing exposure – Good to have.
Test management or defect management tools – Good to have.
Languages
English: Fluent – Professional Working Proficiency.
Arabic: Speaking or understanding – Good to have, particularly for GCC-based engagements.
Certifications
Core Banking or banking-domain certifications – Good to have.
Business Analysis or Functional Consulting certifications – Good to have.
Banking, Payments, Lending, or Digital Banking certifications – Good to have.
ISTQB or testing-related certification – Good to have, but not mandatory.