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OFSAA IFRS 9 Functional Consultant
Unison Group
Delhi, California, United States
Posted
On-site
Full-time
Mid-level
4+ YoE
Job 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.