Core Banking Consultant

Title: Sr. Core Banking Specialist Finastra Equation

Experience: 8-12 years

Offshore Location: Any TechM (Bangalore/Chennai/Hyderabad/Pune)- For Initial day till Visa Processing time.

Domain: Banking only

Job Location: Sharjah

Offshore Budget: upto 30 LPA

Notice Period: Immediate

Job Summary:

We are seeking an experienced Core Banking Specialist with 8-10 years of proven expertise in the Finastra Equation platform. The ideal candidate will possess in-depth knowledge of core banking modules, API integration, reporting functionalities, and system parameter configurations. This role requires hands-on experience in AS/400 technologies, Equation support, and payment processing within the Equation system.

Key Responsibilities:

• Oversee all core banking modules within the Finastra Equation platform, including API structures and reporting functionalities.
• Perform parameter configuration for products, balance sheets, and P&L setups.
• Support Equation modules, including End of Day processing and Equation Lending.
• Develop and maintain AS/400 technologies using RPGLE, CLLE, SQL400, and DB2/400.
• Manage integration data flow modules within the Equation platform and create new APIs.
• Oversee IBM MQ management for Equation system integrations with other applications.
• Design solutions, create low-level design documentation, and collaborate with the team on implementation.
• Interpret business requirements, draft test plans, and prepare detailed test cases for functional, regression, API, security, and integration testing.
• Lead testing efforts in Retail Banking, Core Banking, and Payment systems, including defect triage.
• Take ownership of assigned projects, ensuring end-to-end completion and follow-ups.
• Maintain high-quality documentation standards for system configurations and testing processes.

Scope of Work:

• Clearing of unclassified items for Balance Sheet and Profit & Loss
• Automation of daily ratio reports
• Automation of cost allocation reports
• Automation of manual adjustments & new option for manual backdated adjustments
• Other financial statements - disclosures/other reports automation
• Customer-wise segmentation on current finance reports (new BRD)
• Historical data statistics - historical data reporting and analytics with new reporting structure (new BRD)
• Maturity analysis
• IIS treatment, CB regulatory requirement
• Bifurcation of retail mortgage loan income in P&L report
• BRF – Cash reserve calculation, interest income and expense report, interest receivable & payable report for non-residents, net fees and commission report
• Bulk closure of GL accounts under closed branch based on last transaction date of the accounts
• Assist in allocating GL numbers for Balance Sheet and P&L mapping
• Finance ad-hoc tasks
• Support BAU tasks
• Support Business and Operations for core banking-related queries and requests
• Analyze, develop, and test change requests raised by Business, Operations, and Finance departments
• Analyze, test, and deploy fixes from the vendor