Job Title:  Consulting-ET&P-Oracle-Credit Risk, Oracle OFSAA-Consultant

Job Title: Credit Risk/Market Risk, Oracle OFSAA – Basel Module

Location: Mumbai

Experience: 3-8 years

Designation: Consultant
Notice period: Any

Key Responsibilities

• Active participation in end-to-end project delivery of large-scale banking projects
• Help businesses in scoping requirements and apprise business users of various solutions alternatives in order to set achievable requirements which meet business objectives
• Configuration of Basel Module in OFSAA
• Work closely and collaboratively with development, testing, release, and project management.
• Assist with urgent ad-hoc business requirements that may arise.
• Develop an understanding of OFSAA data models and collaborate with the bank’s/ Deloitte’s technical team to rectify data-related issues
• Create and maintain documentation for various phases of the projects
• Assist project managers in creating various project and milestone trackers
• Conduct Proof of Concept for a given functionality in OFSAA
• Create functional specifications and technical designs to support the implementation of Basel guidelines
• Develop and execute test cases to ensure the accuracy and completeness of the implementation
• Provide support during the UAT (User Acceptance Testing) phase
• Provide training and support to end-users on the use of the implemented solution
• Collaborate with cross-functional teams to ensure successful project delivery
• Maintain a good understanding of current and upcoming changes to accounting standards and regulatory requirements related to Basel III/IV

Educational Qualifications

• B.Tech/BE, Master’s in business administration (MBA) with specialization in finance or risk or CA, PG In Statistics
• Industry certifications such as FRM, PRM, CFA and ACCA would be an added advantage

Key Competencies and Skills

• Excellent communication and interpersonal skills
• Strong problem-solving and solution-development skills
• Proficiency in working with Microsoft Office tools
• Understanding of the Bank’s Balance Sheet and various products like loans, commitments, deposits, derivatives, etc

• Knowledge of Risk Management, Regulatory Compliance, and Financial Reporting – BASEL III/IV
• Working knowledge of Basel III/IV
• Basic understanding of Model development and Validations.
• Risk management system knowledge/experience like OFSAA, SAS, Sungard etc.
• Understanding of Database, SQL, R/Python

Keywords for OFSAA Basel Module

• Credit Risk, Credit RWA, Market RWA, Capital computation, Market risk
• Capital Adequacy ratio (CAR)
• Economic Capital
• Standardized approach, Internal rating-based Approach (IRB), Foundation Internal rating-based approach (FIRB), Advanced Internal rating-based Approach (AIRB), VaR computation, Value at risk,  
• Counterparty credit risk (CCR)
• Stress Testing
• Enterprise risk management