Functional Consultant

About the /Team OFS Consulting is a team that implements Oracle Financial Services Analytical Application (OFSAA) products in various Tier 1, Tier 2, and Tier 3 banks and financial institutions. Our team has experience in deploying OFSAA product solutions for our clients on a global basis, with implementations across Asia Pacific, Africa, Americas, Middle East, and Europe.Job Summary We are seeking a skilled ERM/EPM/IFRS17 Functional Consultant to join our team, with expertise in implementing OFSAA products, particularly in the Enterprise Risk Management (ERM), Enterprise Performance Management (EPM), and IFRS17 domains. The successful candidate will have knowledge of banking and/or banking analytics experience, and will provide functional inputs and work closely with both technical and functional subject matter experts, and other project team members to successfully deploy the OFSAA products.Key ResponsibilitiesUnderstand client functional and business team requirements and qualify the requirements as per the product functionalityConduct workshops and trainings on the product functional scopeTake care of the functional delivery responsibility by delivering the mapping support, BRD preparation, support for configuration, testing, and rolloutWork on Agile/Water-Scrum-Fall based development methodologySupport the testing phase (System Testing, SIT, UAT, Production) and ensure quick turnaround of defect fixesQualifications & SkillsMandatory:MBAs (Finance), CAs, CFAs, with experience from MNC banks, private sector banks, rating agencies, consulting firms, or high-end risk analytics KPO firmsFRM's / NCFM Certification is desirableGeneral - Knowledge of Core Banking with Expertise in one or more of the following areas - Corporate and retail credit risk, Policies and processes, credit appraisal and monitoring, credit training and scoring, credit derivatives and credit portfolio management, securitization and loan approval for retail and SMEFor Basel II - Implementation of Basel and good knowledge of Basel and local regulatory guidelinesFor EPM - Expert in Profitability (PFT), Fund Transfer Pricing (FTP), Balance Sheet Planning (BSP), GL Reconciliation should have at least 8 - 17 years of experience which includes exposure to risk rating, scorecard development and development, implementation, and validation of quantitative models in credit, market, and operational risk areasFor ERM - Expert in Basel, Market Risk (MR), Asset Liability Management (ALM), Counter Party Risk, Liquidity Risk, Capital Management, Basel Regulatory Capital, Economic Capital Advanced Credit Risk, Operations Risk and should have implemented these in any large Bank or Financial institution in a Functional capacityFor IFRS 17 - with end-to-end implementation experience on one of the major insurance clients, worked with similar products like SAS, Moody's IFRS 17 solutions, Designing process and procedure to acquire source data, modeling of IFRS17 data elements, and defining a Data quality framework, understanding of Milliman Integrate (IFRS17 Engine), model designs (BBA, VFA, PAA), etc.5+ years of experience in OFSAA ERM/EPM/IFRS17 product implementation or similar productsDesired:Preferably from the banking domain with OFSAA product implementation experienceExposure to Agile methodologiesStrong knowledge in ERM/EPM/IFRS17 productsDesire to get upskilled to the latest in functional areas like Machine learning, Block Chain, etc. and implement them in the projectKey responsibilities:Provide functional inputs and work closely with both Technical and other project team members to successfully deploy the OFSAA products.Conduct user workshops and functional trainingsUnderstand the client requirement and prepare gap analysis documentPrepare functional design document for the implementation including customizationSupport user testing Adopt and contribute to OFSAA ERM best practice methodologies for knowledge dissemination throughout the OFSAA Delivery organization. Understanding of system security principles, specifically around user authorization and authentication methods and technologies