Job Title:  Consulting-ETP-Oracle-OFSAA-Consultant

Job requisition ID ::  53140
Date:  May 26, 2023
Location:  Mumbai
Designation:  Consultant
Entity:  Deloitte Touche Tohmatsu India LLP

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

Location: Mumbai

Experience: 1-10 years

Designation: Analyst/Consultant/Sr Consultant/ Manager
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
  • RAROC (Risk-adjusted return on 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,  
  • PD Model Development, LGD Model Development, EAD Model development
  • Probability of Default (PD), Loss given default (LGD), Exposure at Default (EAD)
  • Counterparty credit risk (CCR)
  • Stress Testing
  • Enterprise risk management






Few Additional Points for the Manager Role:


  • Lead and manage large-scale implementation projects for clients in various industries, ensuring the project is delivered on-time, within scope, and within budget.


  • Develop project plans, including timelines, budgets, and resource allocation, and manage project risks and issues throughout the project lifecycle.


  • Collaborate with cross-functional teams, including technical architects, business analysts, developers, and quality assurance teams, to ensure project success.


  • Communicate project status and progress to all stakeholders, including project team members, clients, and senior management.


  • Manage project change requests, scope changes, and ensure that project requirements are documented, tracked, and met.


  • Develop and maintain positive relationships with clients, ensuring that project expectations are met and client satisfaction is achieved.


  • Identify and manage project dependencies and critical paths, ensuring that all deliverables are completed on time and within budget.


  • Ensure that all project deliverables meet quality standards and client requirements.


  • Project Management Professional (PMP) certification is preferred


  • Experience in managing complex and multi-stakeholder projects, with strong analytical and problem-solving skills.


  • Strong leadership and team management skills, with the ability to motivate and lead cross-functional teams.


  • Strong leadership and team management skills, with the ability to motivate and lead cross-functional teams.