OFSAA IFRS 9 Functional Consultant - LLFP
About the job
- At least 4 years of experience with Oracle OFSAA LLFP.
- Strong functional knowledge of IFRS 9 impairment and expected credit loss (ECL).
- Experience configuring and implementing OFSAA LLFP.
- Understanding of Stage 1, Stage 2, Stage 3, significant increase in credit risk (SICR), and ECL methodologies.
- Hands-on understanding of probability of default (PD), loss given default (LGD), exposure at default (EAD), and effective interest rate (EIR).
- Experience with LLFP testing, validation, reconciliation, and result analysis.
- Ability to understand business requirements and translate them into functional OFSAA solutions.
- Experience with system integration testing (SIT), user acceptance testing (UAT), implementation, and production support.
- Banking, credit risk, and IFRS 9 domain knowledge.
- Analytical, communication, stakeholder management, and problem-solving skills.
- 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 ECL calculations covering Stage 1, Stage 2, and Stage 3 exposures.
- Support 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.
About the company
Unison Group builds technology systems for financial institutions that need to manage risk, meet reporting rules and modernize their operations. Its consultants work across liquidity, market and credit risk, combining financial knowledge with software implementation and data analysis. The business also designs cloud infrastructure and develops custom applications, connecting these systems with the information and processes clients already use. It earns money through consulting, technology implementation and engineering services for enterprises, with work ranging from system design to deployment. Founded as Unison Consulting in 2012, the group is headquartered in Singapore.
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
N/A
Founded
2012
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Simplify's Take
What believers are saying
- Established banks buy its services: Unison names Standard Chartered and DBS among its clients.
- Employees get structured learning support: Unison advertises certifications, mentorship and ongoing learning opportunities.
- Large consulting partners extend its network: Unison names TCS and IBM as strategic allies.
What critics are saying
- Assignments have defined endpoints: Unison builds cross-functional teams for time-bound client projects.
- Delivery depends on outside platforms: Unison builds cloud services around AWS, Azure, Databricks and Snowflake.
- Internal staff face formal performance reviews: Unison Consulting sets 30-90-day improvement plans for specified departments.
What makes Unison Group unique
- Regional delivery has local footholds: Unison lists locations in India, Malaysia, the UAE and Australia.
- Specialists join client teams: Unison embeds its technology consultants through talent augmentation.
- Delivery includes an owned quality tool: Unison uses uArrow for AI-driven checks on cloud data.
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