OFSAA IFRS 9 Functional Consultant (LLFP)

Unison Group

Required skills

Website: unisongroup.com
Job details:

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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