Oracle

Principal Consultant-Core Banking Development/Implementation

Posted On

Nov. 14, 2024

Location

Bengaluru, Karnataka

Experience Level

Professional

Job Type

Permanent

Apply By

May 13, 2025

Job Description

An experienced consulting professional who has an understanding of solutions, industry best practices, multiple business processes or technology designs within a product/technology family. Operates independently to provide quality work products to an engagement. Performs varied and complex duties and tasks that need independent judgment, in order to implement Oracle products and technology to meet customer needs. Applies Oracle methodology, company procedures, and leading practices.

The business - Oracle Financial Services Consulting

Oracle Financial Services Global Business Unit (FSGBU) is a world leader in providing IT solutions to the Financial Services industry. Oracle’s customers include ten of the top ten Global Banks, ten of the top ten Insurance companies, ten of the top ten Securities firms, five of the top five Mutual Fund companies and four of the top five World Stock Exchanges.

With the experience of delivering value-based IT solutions to over 840 financial institutions in over 130 countries, the FSGBU understands the specific challenges that financial institutions face: the need for building customer intimacy and competitive advantage through cost-effective solutions while, simultaneously, adhering to the stringent demands of a dynamic regulatory environment. Our solutions have the world's most comprehensive and contemporary banking applications and provide a technology footprint that addresses their complex IT and business requirements

Banking Consulting Europe which is a part of EMEA Region under ‘FSGBU - Consulting’ delivers Oracle Technology and Applications solutions for clientele in the European region. The service offerings include Application Implementation, Managed Services and Customization development services for Oracle Financial Services Software Banking products.

Your Opportunity

This gives you an opportunity to apply your technology knowledge, skills and experience to work in the Banking Consulting team with a new generation of Oracle Banking products in next generation architecture built leveraging the latest technologies.

The Role

Team lead and Senior Business Analyst activities in Development or Implementation or Managed Service activity streams as a Consulting Technical Manager. Your responsibilities include:

Lead a team of 2-5 team members or operate independently, as required, as Senior Functional Lead in Development or Implementation or Managed Services or activity streams such as product parameterization design, test planning and execution, testing support, defect tracking and coordination with other Oracle teams at client locations or offshore teams to provide quality work products.
Understand and analyze Client business requirements and provide fitment, solution, design and efforts estimation.
Deliver high quality functional specifications / related documents and Product Walkthrough presentations.
Review functional approaches, Unit Test plan and test results delivered by team.
Guide and assist team to maintain quality in their deliverables
Understand and execute following defined standards/tools/processes to achieve deliverables that meet quality expectations of Oracle / Client.
Engage with multiple internal (product, support, process etc.) and client stakeholders effectively to deliver quality deliverables within budgeted efforts and timelines.
Document all work in accordance with agreed standards/processes applicable for Oracle / Client.
Adhere to defined Change Control Process of Oracle / Client. Comply with Oracle / Client audit / Compliance requirements.
Perform proper handover / knowledge transfer at end of each assignment.
Timely status reporting to supervisor.
Timely submission of timesheets and expenses for Oracle / Clients.

Desired Skills & Experience

Primary Skills

You possess extensive experience in end-to-end Development and / or Implementation and / or Support activities covering more than one retail and corporate banking domain areas and expertise in functional design of business products, functional approaches, planning and executing Test cycle rounds including End of Days, Release management, Issue Tracking for Oracle FLEXCUBE / Core Banking products
You possess extensive, real-world experience and knowledge in Banking domain and the ability to apply this to Banking application implementation meeting the banking requirements
You possess the ability to interact and communicate directly with client’s Senior Business and Product management teams, analyze business requirements and provide solution approaches with estimation, design and implement best practices, evaluate project risks and implement recommendations.
You participate and lead, when needed, the project meetings, product walkthroughs and solutioning workshops with the client and possess excellent client interaction skills in areas including presentation of solutions
You can engage effectively with multiple internal and external stakeholders as required during projects.
You can guide and manage teams to deliver on complex projects
Experience and expertise in Project Management – on Agile and Waterfall methodologies. Preferably holding Industry standard certifications on Project Management.
You possess excellent knowledge of Banking terminologies, concepts and processes
You possess good skills on Microsoft Office including Word, excellent MS Excel skills for modeling of financial / transaction flows and preparation of good Power point slides for presentations.
You possess good communication & documentation skills in English

Secondary Skills

You possess knowledge of basic SQL query writing, Report writing, Workflow / dashboard creation
You have exposure and possess knowledge of software development processes and practices, Testing tools
You are aware of latest technologies and development practices in Banking.

Experience

Experience of 5 to 10+ years with at least 3 years in primary skill areas
Experience in implementation and / or support of Core Banking applications.

Educational and Other Qualifications

Should hold atleast a Bachelor's degree in business or banking or equivalent degree

Work Environment

Should be willing to work at offshore as well as travel to client locations. Willing to work in shifts as defined by project needs
Should be willing to take up FLEXCUBE and other certifications in functional and technical areas as and when required.
Ability to work in a high pressure, fast moving and challenging environment
Team Lead and / or Team player
Should be able to work on shifts on rotation basis based on project needs

Career Level - IC3

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