About Acies
Acies is multi-national firm in the business of consulting, technology applications, content management, and strategic investments. The firm has and continues to partner with leading players in the financial services and technology ecosystem with the objective of achieving tangible positive outcomes by solving complex challenges using new age technologies and practices. The firm also enters into strategic alliances through investments and partnerships with leading and upcoming global technology players that seek to address infrastructural complexities in the financial and technology marketplace through the use of new-age technologies and approaches.
Acies is headquartered in Mumbai, India and has offices in Singapore and Malaysia and is expanding its global presence in other countries in the Asia Pacific, Middle East, and Africa.
The firm is seeking to engage highly motivated and talented people to support our growth and continue to deliver a positive impact to our clients and ecosystem. We are looking for people whose integrity and excellence can help propel the firm to greater heights.
The firm provides exceptional and equal opportunity for all applicants and employees without regard to race, religion, creed, color, national origin, gender, sexual orientation, age, marital status, physical or mental disability. We believe that our people should share in the success of our clients and our business.
For more information about the firm and its business, please visit www.acies.holdings ACIES, Acies Consulting, Acies TechWorks, Acies Ventures, Acies LightHouse, Kepler, Kore, and Antares are registered trademarks of Acies Consulting LLP and its subsidiaries in India and/ or other countries.
Highlight of the engagement opportunity
We are working with our partner firm for a client in Maldives who are starting a greenfield bank from scratch, who have selected Temenos T24 implementation which will be their CBS.
We need an SME/ Consultant who can bring deep understanding of banking accounting framework, risk controls & limits management and regulatory reporting, audit requirements.
Since they are starting from scratch, they would expect the SME to help in designing and validating the financial logic and risk control model inside CBS—COA, posting rules, accounting events, limits, and enforcement logic etc.
Initially the role will be at offshore to begin with expectation to travel intermittently as needed.
Detailed expectations from role
Role: Finance & Risk CBS Subject Matter Expert (SME)
(with Independent Compliance Oversight)
I. Objective
To provide expert guidance during CBS implementation, ensuring that financial configuration, accounting integrity, and risk controls are properly designed, parameterized, and embedded, while maintaining independent compliance oversight and governance integrity.
II. Scope of Responsibilities
1. CBS Configuration & Parameterization (Finance & Risk)
- Act as the SME for GL structure, accounting rules, and risk control configuration within the CBS.
- Define and validate: Chart of Accounts (COA), Product-to-GL mappings, accounting events and posting rules
- Configure and validate: Interest calculations, Fee structures, Amortization logic, and Limit structures (customer, product, exposure)
- Ensure all configurations are consistent with approved product programs and policies.
2. Financial Integrity & Accounting Design
- Ensure end-to-end accounting flows are correctly reflected in the CBS.
- Validate: Accruals, reversals, and settlements, Fee and commission recognition and Off-balance sheet treatments (if applicable)
- Ensure readiness for: Trial balance, Profit & loss, Balance sheet generation
- Support reconciliation framework between sub-ledger and GL.
3. Risk Controls & System Enforcement
- Embed risk controls within CBS workflows, including: Approval hierarchies (DOA), Maker-checker controls Exposure and limit controls
- Ensure system enforces: Product-level constraints, Customer-level risk limits
- Identify and flag control gaps in system design, with mitigation actions.
4. Regulatory & Reporting Readiness
- Ensure CBS captures all required regulatory data fields and audit trails.
- Validate system outputs for: Regulatory returns, Internal risk and management reporting and Work with IT/vendor to ensure data extract accuracy and reconciliation capability.
5. Data Migration & Opening Balances
- Define requirements for: Opening balances, Customer exposures, Financial data structures
- Validate: Data mapping and transformation, Post-migration reconciliation
- Ensure completeness, accuracy, and auditability of financial data.
6. Testing (SIT & UAT)
- Define and execute test scenarios covering: End-to-end accounting flows, Product lifecycle events, Risk control enforcement
- Validate: Financial postings accuracy, System control effectiveness
- Support UAT and recommend readiness for go-live.
7. Go-Live & Stabilization Support
Support:
- Opening balance validation
- First-day financial checks
- Reconciliation processes
- Assist in identifying and resolving:
- Financial discrepancies
- Control gaps
- Reporting inconsistencies
8. Cross-Functional Coordination
- Work closely with: Finance, Risk, Compliance, IT / CBS Vendor
- Ensure alignment between: Business requirements, System configuration, Regulatory expectations
9. Governance & Control Framework (Critical Section)
9.1 Role of SME (Design Authority)
- Responsible for design, configuration, and advisory.
- Not the final approver of: Financial structures, Risk limits, Compliance controls
9.2 Independent Compliance Oversight (Non-Full-Time)
- Compliance function will: Review AML/KYC-related configurations, validate regulatory controls and triggers, and provide independent challenge and sign-off on compliance-related areas
- Engagement may be part-time or periodic (e.g., milestone-based reviews).
9.3 Internal Approval Structure
To preserve control integrity:
- SME → Design & propose
- Function Heads / CEO → Review & challenge
- Board / Steering Committee (if required) → Final approval for critical items
10. Knowledge Transfer & Capacity Building
- Train internal teams on: CBS financial logic, Risk control configuration, Reporting and reconciliation processes
- Ensure sustainable in-house capability post-implementation.
11. Reporting & Governance
- Report to: CEO, CBS Project Governance Committee
- Coordinate daily with: CBS Project Lead, Finance & Risk functions
- Provide regular updates on: Configuration status, Risks and issues, Testing and go-live readiness
12. Duration
- Covers: Configuration & design, Testing, Go-live & stabilization
- Exact duration to be agreed.
13. Expected Outcomes
- Accurate and controlled financial configuration in CBS
- Embedded and enforceable risk controls
- Independent and auditable compliance validation
- Smooth, regulator-ready CBS go-live
- Scalable system aligned with MPB’s growth
Key performance metrics:
▪ Adherence to client project delivery timelines
▪ Adherence to the firm’s standards for processes and quality
▪ Project profitability
▪ Client feedback
▪ Feedback from counselor and other team members
Other expectations:
▪ An “ownership attitude” whose passion for solving issues and creating value
▪ Strong analytical and logical skills
▪ Strong business writing and oral communication skills
▪ Collaborative and partnership-oriented and ready to work as a team member.
▪ Demonstrated ownership over deliverables and project engagement.
▪ Ability to handle highly challenging and time-bound projects with a positive mindset.
Job Types: Full-time, Permanent, Contractual / Temporary, Freelance
Contract length: 12 months
Pay: ₹3,500,000.00 - ₹3,800,000.00 per year
Benefits:
- Health insurance
- Paid sick time
- Paid time off
- Provident Fund
Ability to commute/relocate:
- Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Required)
Experience:
- Core banking system: 10 years (Required)
Willingness to travel:
Work Location: In person
