OFSAA - Senior Principal Consultant

4 days ago


India Oracle Full time ₹ 20,00,000 - ₹ 25,00,000 per year

An experienced consulting professional who has a broad understanding of solutions, industry best practices, multiple business processes or technology designs within the financial services industry. Operates independently to provide quality work products to an engagement. Performs varied and complex duties and tasks that need independent judgment, in order to implement Oracle Finance and Risk Products and technology to meet customer needs. Applies Oracle methodology, company procedures, and leading practices.

Strong Technical Resource with experience implementing OFSAA EPM and/Or DIH solutions in the financial services industry. Domain knowledge and experience in OFSAA platform and Applications in a technical capacity. Analyze user requirements, procedure, and problems to automate/improve systems.

Career Level - IC3

Our Team

OFS consulting team is a team which Implements OFSAA (Oracle Financial Services Analytical Application) products in various Tier1, Tier2, Tier 3 Banks and financial institutions.

Key strength of OFS consulting is our experience in deploying OFSAA Product solutions for our clients on a global basis. We have implemented our solutions across the Asia Pacific, Africa, Americas, Middle East and Europe, in leading countries such as United Arab Emirates, Kuwait, Singapore, Malaysia, Japan, Korea, Brazil, America, United Kingdom, Spain, Greece, Jordan, Lebanon Switzerland, India etc. The Oracle OFSAA Product architecture offers a variety of implementation options, ranging from individual sites, local and regional hubs, cloud and centralized compliance. The OFSAA Product technology aligns to the operating model of the firm, rather than requiring their business processes to map to the technology.

The OFSAA Applications are categorized under three major categories – ERM – Enterprise Risk Management, EPM – Enterprise Performance Management, FCCM – Financial Crime and Compliance Management. Other Technical / Functional and rest under Data Management

Looking for ERM / EPM / IFRS17 Technical Consultant who has

  • Implementation experience of Banking and /or Banking Analytics experience will provide his functional inputs and work closely with Functional subject matter experts and other project team members to successfully deploy the OFSAA products.
  • Should have experience in Installation, Configuration , deployment and execution of
  • EPM Applications like Profitability (PFT), Fund Transfer Pricing (FTP), Balance sheet planning(BSP) , GL – Recon
  • ERM applications like Basel Regulatory capital, CR, MR, ALM, Liquidity risk, Economic capital , operational Risk etc.
  • IFRS (International Financial Reporting Standards) – IFRS9, IFRS17
  • Install and deploy the latest versions of ERM / EPM solutions in a customer environment. This includes coordinating with customer technical resources to ensure that third party products are correctly configured for integration with OFSAA products.
  • If they do not have OFS ERM / EPM / IFRS17 Product experience, the resource should have experience in implementing similar products like Actimize, Fortent or Norkom compliance solutions in a Technical capacity
  • Support all phases of deploying the OFSAA ERM / EPM / IFRS17 solutions at customer sites including initial installation, patches and upgrades, application configuration, user acceptance testing and go-live.
  • Interact with Functional and Technical Consultants to ensure the successful deployment of the OFSAA Products.
  • Strong customer interaction skills and the ability to assess a client's IT processes and strategies. In addition, must be able to lead clients through the process of integrating the OFSAA ERM / EPM / IFRS17 solutions into their operational environment.
  • Implementation experience with OFSAA solutions and has been working with Functional consultant to help on data mapping
  • Should be able to come up with the Configuration, Technical design and Batch execution documents.
  • Should have SDLC, Agile concepts and also cloud based implementation experience will be handy.
  • Excellent English written and oral communication skills.

Your Opportunity

You will be responsible for owning the Technical delivery by liaising with the client IT and Compliance experts in installing OFS ERM / EPM / IFRS17, conducting product technical workshops, Support in data element mapping, documenting of configuration, Technical / Architecture document, work with Functional consultant to configure the application to do the SIT, UAT and Support for Production rollout.

Your Qualifications

  • Graduate level degree focused on Computer Science, Software Engineering or Systems Engineering
  • Hands on experience in installing and configuring OFSAA ERM / EPM /IFRS17 and has worked with large implementation involving multi country rollout.
  • Expert in PLSQP, Oracle DB concepts, various Webserver configurations (WebLogic, WebSphere, Tomcat etc.), configuring LDAP, Schedulers like ControlM etc.
    Years of Experience in Implementation of OFSAA ERM / EPM /IFRS17 or similar products in a Functional capacity

Our Ideal Candidate

  • Preferably an OFSAA ERM / EPM /IFRS17 Technical expert who has worked with large Transformation Projects
  • Expert in Agile methodologies and has expertise in Oracle DB / PLSQL querying skills
  • Strong knowledge in OFSAA ERM / EPM /IFRS17 application installation, migration , configuration independently.
  • Desire to get upskilled to latest in Functional areas like Machine learning, Block chain etc. and implement them in the project.
  • Exposure to any of the following tools Informatica, Datastage, Abinitio, Oracle BI Tools, SQL Server BI tool set, Business Objects, Cognos, ERWIN
  • Good understanding of Databases (Oracle, DB2, Exadata)
  • Working knowledge of job scheduling products such as AutoSys and Control M
  • Ability to read and edit Unix shell script files
  • Java, JSP, J2EE standards (studs) with Oracle database
  • Knowledge of any of the Web Servers like WebSphere, WebLogic etc.
    Excellent English written and oral communication skills. The TCN must be able to clearly articulate OFSAA ERM / EPM / IFRS17 functionality and requirements to both clients and colleagues at all levels, from engineering staff to senior executive management.

Your Responsibilities

As an integral part of the development team, you will be responsible for the following –

  • Understanding the requirements from the Client Functional and Business Teams and qualify the requirements as per the product functionality.
  • Conducts Workshops, Trainings on the product functional scope.
  • Take care of the functional delivery responsibility by delivering the Mapping support, BRD preparation, support for configuration, testing and rollout
  • Working on Agile/ Water-Scrum-Fall based development methodology.
  • Support the testing phase (System Testing, SIT, UAT, Production) and ensure quick turnaround of defect fixes.

Minimum Required Skills

  • 5+ years of experience in OFSAA ERM / EPM / IFRS17 Product implementation in a Technical Capacity or in similar product
  • Worked as part of a team or lead a team in implementing large OFSAA ERM / EPM / IFRS17 Transformation projects
  • Exposure to any of the following tools Informatica, Datastage, Abinitio, Oracle BI Tools, SQL Server BI tool set, Business Objects, Cognos, ERWIN
  • Good understanding of Databases (Oracle, DB2, Exadata)
  • Working knowledge of job scheduling products such as AutoSys and ControlM
  • Java, JSP, J2EE standards (studs) with Oracle database
  • SaaS Cloud implementation knowledge is a plus
  • Knowledge of any of the Web Servers like WebSphere, WebLogic etc

Diversity and Inclusion:

An Oracle career can span industries, roles, Countries and cultures, giving you the opportunity to flourish in new roles and innovate, while blending work life in. Oracle has thrived through 40+ years of change by innovating and operating with integrity while delivering for the top companies in almost every industry.

In order to nurture the talent that makes this happen, we are committed to an inclusive culture that celebrates and values diverse insights and perspectives, a workforce that inspires thought leadership and innovation.

Oracle offers a highly competitive suite of Employee Benefits designed on the principles of parity, consistency, and affordability. The overall package includes certain core elements such as Medical, Life Insurance, access to Retirement Planning, and much more. We also encourage our employees to engage in the culture of giving back to the communities where we live and do business.



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