OFSAA IFRS 9 Functional Consultant (LLFP)
LocationDelhi, Delhi, India
Typefull-time
SeniorityMid
Experience4+ yrs
DepartmentJonali
Company size1,001–5,000 people
PostedAug 24, 2026 · 1mo ago
Verified live1d ago
At a glanceSummarised by Seekless from the posting.
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
Skills
Oracle OFSAA LLFP
IFRS 9
ECL
PD
LGD
EAD
EIR
SIT
UAT
Responsibilities
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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.
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Work on Expected Credit Loss (ECL) calculations covering Stage 1, Stage 2, and Stage 3 exposures.
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Support Significant Increase in Credit Risk (SICR) assessment and related IFRS 9 impairment processes.
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Work with key credit risk parameters including PD, LGD, EAD, and EIR.
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Translate business requirements into functional specifications and OFSAA LLFP solutions.
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Perform LLFP testing, validation, reconciliation, and result analysis.
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Support SIT, UAT, defect resolution, and production implementation.
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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.
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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.