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OFSAA IFRS 9 Functional Consultant (LLFP)

Job Description - OFSAA IFRS 9 Functional Consultant (LLFP)

Description
  • Provide functional expertise in OFSAA LLFP and IFRS 9 impairment solutions.
  • Configure and implement Oracle Financial Services Loan Loss Forecasting and Provisioning (LLFP) based on business and regulatory requirements.
  • Work on Expected Credit Loss (ECL) calculations covering Stage 1, Stage 2, and Stage 3 exposures.
  • Support Significant Increase in Credit Risk (SICR) assessment and related IFRS 9 impairment processes.
  • Work with key credit risk parameters including PD, LGD, EAD, and EIR.
  • Translate business requirements into functional specifications and OFSAA LLFP solutions.
  • Perform LLFP testing, validation, reconciliation, and result analysis.
  • Support SIT, UAT, defect resolution, and production implementation.
  • Provide production support and troubleshoot functional issues related to LLFP and IFRS 9 calculations.
  • Collaborate with business, risk, finance, technology, and data teams throughout implementation and enhancement initiatives.
  • Prepare functional documentation, test scenarios, and solution specifications.


Requirements
  • 4+ experience with Oracle OFSAA LLFP.
  • Strong functional knowledge of IFRS 9 impairment and ECL.
  • Experience in OFSAA LLFP configuration and implementation.
  • Good understanding of Stage 1, Stage 2, Stage 3, SICR, and ECL methodologies.
  • Hands-on understanding of PD, LGD, EAD, and EIR.
  • Experience in LLFP testing, validation, reconciliation, and result analysis.
  • Strong ability to understand business requirements and translate them into functional OFSAA solutions.
  • Experience with SIT, UAT, implementation, and production support.
  • Strong banking, credit risk, and IFRS 9 domain knowledge.
  • Excellent analytical, communication, stakeholder management, and problem-solving skills.
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