Job Description

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.

Deloitte