OFSAA ERM Functional Consultant (Basel / LRM)

We are seeking an experienced OFSAA ERM Functional Consultant with strong expertise in Basel regulations and Liquidity Risk Management (LRM). The candidate will be responsible for implementing, configuring, and supporting Oracle Financial Services Analytical Applications (OFSAA) solutions for regulatory compliance and risk management.
Key Responsibilities

Gather and analyze business requirements related to Basel II / III / IV and Liquidity Risk Management

Implement and configure OFSAA modules, especially:

Liquidity Risk Management (LRM)

Basel Regulatory Reporting

Translate regulatory requirements into functional specifications

Work closely with technical teams on data mapping, data models, and rule configurations

Perform gap analysis and suggest optimal OFSAA solutions

Support data sourcing, staging, and reconciliation processes

Participate in UAT (User Acceptance Testing) and validation cycles

Ensure compliance with regulatory frameworks (e.g., LCR, NSFR)

Provide post-implementation support and enhancements

Prepare documentation (BRD, FRD, test cases, SOPs)

Required Skills & Experience

5+ years of experience in OFSAA ERM implementations

Strong functional knowledge of:

Basel frameworks (Credit Risk, Market Risk, Capital Adequacy)

Liquidity Risk (LCR, NSFR, ALM concepts)

Hands-on experience with OFSAA modules:

LRM (Liquidity Risk Management)

Basel / Regulatory Reporting

Understanding of banking data models and financial instruments

Experience in requirement gathering and stakeholder communication

Knowledge of SQL and data analysis is a plus

Originally posted on Himalayas