Retail Techno-Functional SME – Oracle Flexcube 14.5 (Islamic Banking)

Role Overview

This role leads the transformation of retail banking systems under Islamic banking models using Oracle Flexcube Universal Banking Solution (FCUBS) v14.5. The SME will align customer-centric retail workflows with Shariah-compliant practices and ensure seamless integration across onboarding, servicing, and digital channels.

Key Responsibilities

Retail Configuration Ownership: Lead end-to-end configuration of Flexcube Retail 14.5 modules for Islamic products such as Wadiah, Mudarabah, term deposits, and profit distribution.

Product Lifecycle Integration: Map Islamic banking product lifecycles into FCUBS, ensuring accurate workflows and parameterization.

Customer Onboarding Alignment: Collaborate with onboarding platforms to ensure compliant account origination, KYC/AML checks, and product assignment.

Digital Channel Synchronization: Align FCUBS backend with OBDX Retail platforms for seamless UI/UX integration and real-time data consistency.

Testing & Quality Assurance: Support UAT, test scripting, defect triage, and stakeholder sign-offs.

Regulatory & Shariah Governance: Ensure all features comply with AAOIFI standards and Islamic banking regulations across multiple regions.

Cross-Platform Integration: Validate data flows across FCUBS, OBDX, onboarding platforms, and reporting systems.

Knowledge Management: Prepare process documentation, user guides, and training materials for post go-live support.

Required Expertise

10+ years in retail banking technology with at least 5 years in Oracle Flexcube Retail.

Strong knowledge of Islamic banking instruments—Wadiah, Mudarabah, profit calculation, etc.

Expertise in FCUBS parameterization and workflow design.

Strong understanding of KYC, AML, FATCA, CRS, and Shariah governance frameworks.

Experience integrating backend systems with digital channels (OBDX, APIs, middleware).