OFSAA IFRS 9 Functional Consultant (LLFP)

Unison Group; Delhi; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

Unison Group is seeking an experienced OFSAA LLFP specialist to provide functional expertise in IFRS 9 impairment solutions for loan loss forecasting and provisioning.

You will configure and implement Oracle OFSAA LLFP, translate business requirements into specifications, perform testing and validation, and support SIT/UAT and production deployment while collaborating with risk, finance, technology, and data teams.

Qualifications

• 4+ years of experience with Oracle OFSAA LLFP.
• Strong IFRS 9 impairment and ECL knowledge.
• Experience in LLFP configuration and implementation.
• Understanding of Stage 1, Stage 2, Stage 3, SICR, and ECL methodologies.
• Hands-on with PD, LGD, EAD, and EIR.
• Experience in LLFP testing, validation, reconciliation, and result analysis.
• Ability to translate business requirements into 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.

Responsibilities

• Provide functional expertise in OFSAA LLFP and IFRS 9 impairment solutions.
• Configure and implement LLFP based on business and regulatory requirements.
• Work on ECL calculations covering Stage 1-3 exposures.
• Support SICR assessment and IFRS 9 impairment processes.
• Work with PD, LGD, EAD, and EIR parameters.
• Translate business requirements into functional specifications and LLFP solutions.
• Perform LLFP testing, validation, reconciliation, and result analysis.
• Support SIT, UAT, defect resolution, and production implementation.
• Provide production support and troubleshoot LLFP/IFRS 9 issues.
• Collaborate with business, risk, finance, technology, and data teams.

Skills

IFRS 9 impairment

ECL calculations

Credit risk domain knowledge

Analytical skills

Stakeholder management

Education

4+ years of experience with Oracle OFSAA LLFP

Tools

OFSAA LLFP

OFSAA LLFP configuration

OFSAA LLFP testing

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.

• 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.