OFSAA Functional Lead

Cognizant hiring for OFSAA Functional Lead jobs in Toronto, ON, CA

At Cognizant, our global community sets us apart—an energetic, collaborative and inclusive workplace where everyone can thrive. And with projects at the forefront of innovation, you can build a varied, rewarding career and draw inspiration from dedicated colleagues and leaders. Cognizant is right where you belong.

In this role you will be responsible for collecting regulatory Reporting business requirements specific to OFSAA calculations and transformation needs, Design and configure Oracle Financial Analytical Application (OFSAA) modules for Basel Solution.

• Collaborate with clients and project teams to understand project requirements.
• Conduct gap analysis to identify discrepancies between existing processes and to be processes.
• Work closely with multi-functional teams, including technical consultants, business analysts, and project managers.
• Assist in testing the configured OFSAA modules in System Integration Testing (SIT) and User Acceptance Testing (UAT) environments.

• BASEL/Large Exposure experience with OFSAA.
• Regulatory Functional knowledge of Canadian OSFI experience.
• Solid experience in Regulatory reporting & submissions, risk management, finance and technology.
• Good experience working with OFSAA modules OFSI, FSDF, CAP, GL Recon specifically on implementing Basel 3, Large Exposure framework requirements.
• In depth domain knowledge in Retail and Commercial Banking especially in Compliance, Knowledge and understanding) of regulatory frameworks, risk management principles within a financial services firm.

What We Offer

• The chance to work with impact. Here, you’re empowered to bring your biggest thinking to help our company and clients improve everyday life.
• Ownership over your career. Stay at the top of your game through our award-winning learning and development ecosystem. And when your ambitions change, or we offer new opportunities, we help you pivot by providing reskilling, on-the-job learning and guidance to find new roles that might be a better fit.
• The opportunity to thrive on a high caliber team with heart. We celebrate each other’s experiences and perspectives and promote a sense of belonging through our affinity groups and diversity and inclusion initiatives.
• A comprehensive total rewards package, including a competitive salary and pension plan with matching contributions.
• Flexible health and financial benefits to support you and your eligible dependent—from day one.
• True work-life balance. Be at your best through paid time off, flexible work arrangements, volunteering opportunities, social events, and so much more.

We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role’s business requirements, this is a hybrid position requiring 2-3 days a week in our client's office in Toronto, ON. Regardless of your working arrangement, we are here to support a healthy work-life balance though our various wellbeing programs.

The working arrangements for this role are accurate as of the date of posting. This may change based on the project you’re engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.

Cognizant will only consider applicants for this position who are legally authorized to work in Canada without requiring employer sponsorship, now or at any time in the future.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.