OFSAA 8.x Loan Loss Forecasting & Provisioning (LLFP) Course Overview

To successfully undertake training in the OFSAA 8.x Loan Loss Forecasting & Provisioning (LLFP) course, students should meet the following minimum prerequisites:

• Basic understanding of financial concepts, especially those relevant to banking and financial services.
• Familiarity with the International Financial Reporting Standards (IFRS), particularly IFRS 9, including its objectives and key principles.
• Knowledge of the Current Expected Credit Loss (CECL) model and its impact on financial institutions.
• Experience with data management and analysis, as the course involves working with financial data and modeling.
• Proficiency in using Excel or similar spreadsheet software, as it may be used during hands-on exercises.
• Ability to navigate through software interfaces and understand the workflow of IT systems.
• While not mandatory, prior exposure to Oracle Financial Services Analytical Applications (OFSAA) or similar financial software platforms would be beneficial.

These prerequisites are intended to ensure that participants can effectively absorb and apply the concepts covered in the OFSAA LLFP course. However, individuals with a strong interest in learning more about loan loss forecasting and provisioning are encouraged to enroll, as the course is designed to guide participants through the fundamental concepts and practical applications of OFSAA LLFP.

Target Audience for OFSAA 8.x Loan Loss Forecasting & Provisioning (LLFP)

The OFSAA 8.x LLFP course offers specialized training in financial modeling and risk management, tailored for professionals in banking and finance.

• Financial Analysts
• Risk Managers
• Credit Analysts
• Regulatory Compliance Officers
• IT Professionals working in Finance Sector
• Financial Controllers
• Loan Officers
• Bank Executives overseeing lending
• Finance Students with a focus on banking regulations
• Banking Software Implementation Consultants
• Data Scientists in Financial Sector
• Treasury Managers
• Accountants with a focus on IFRS9
• Financial Auditors
• Business Analysts in the Financial Industry

Learning Objectives - What you will Learn in this OFSAA 8.x Loan Loss Forecasting & Provisioning (LLFP)?

1. This course covers the essential concepts of IFRS9 and CECL compliance, modeling, and the Oracle OFSAA LLFP solution, aiming to enhance proficiency in loan loss forecasting and provisioning.

2. Learning Objectives and Outcomes:

• Understand the fundamentals of IFRS9 and its implications for financial institutions.
• Gain insights into the OFSAA LLFP solution and how it supports compliance with regulatory requirements.
• Explore IFRS9 concepts and methodologies, including classification and measurement, impairment, and hedge accounting.
• Acquire knowledge about the Current Expected Credit Loss (CECL) model and its differences from IFRS9.
• Learn about the modeling techniques and data reconciliation processes for IFRS9.
• Delve into the detailed functionalities and modules of the OFSAA LLFP (IFRS 9) Solution.
• Navigate through the user interface, understand the process flow, and manage data effectively within the OFSAA platform.
• Master the creation and interpretation of run charts and reports crucial for informed decision-making.
• Apply the learned concepts to real-world business use cases to assess their practical application.
• Engage in hands-on exercises to reinforce learning and ensure the ability to implement the OFSAA LLFP solution in a practical setting.