Loan IQ SME

Title : Loan IQ SME

Location: Hanover, NJ (Onsite)

Type of Hire : Contract

JOB DESCRIPTION:    
Overall purpose of role

A key component of the Wholesale Lending Strategy is the implementation of a new Loan Processing Application Loan IQ This is a multiyear programme of work The purpose of this role is to add Loan IQ Application specific expertise to the Core Platform Implementation teams Operations and Technology to help ensure design decisions taken with regards to the implementation of Loan IQ follow industry best practice and to leverage experience of past implementations where appropriate Activity may also include supporting business and process analysis activity facilitating the evaluation of solution options and supporting the definition of acceptance criteria amongst other things

The successful candidate will be working on the delivery of a major core platform implementation

Key Accountabilities

The Loan IQ Product Specialist will be expected to provide expert Loan IQ knowledge across a broad range of activities and workstreams through the project implementation lifecycle including

Functional analysis of Loan IQ against various business requirements

Detailed analysis of integration with systems including with regards Loan Trading Accounting Risk

Detailed analysis of reporting requirements

Booking models and workflows for different Wholesale Lending products

Loan IQ Configuration and Accounting Mapping definition workshops

Test planning and execution support

Migration strategy definition planning and support

Analysis of specific issues and proposal of solution options to broader stakeholder group for decision

Collaborate with LoanIQ migration leads to identify migration requirements and define mappings

Manage requirements in adherence to standards and governance to enable effective project management and delivery across a large programme

As this is a large and complex program we anticipate that the Loan IQ product expert will grow their internal business functional and technical knowledge such that they will be able to actively participate in all aspects of the implementation of the new platform so a degree of flexibility is key

Stakeholder Management and Leadership

The role holder will interact with a broad range of stakeholders across the bank including Operations Technology and Functions as well as the application vendor

They will be expected to work closely with all stakeholder groups as required to support the various programme work streams and facilitate the groups in making the right decisions

They will build strong trustbased relationships with all stakeholders such that when making requests it will be understood that there is a purpose behind any such request

They will need to be able to strike the right balance between tact and diplomacy and assertiveness

Decision making and Problem Solving

A key part of this role will be to assist the implementation teams in solving difficult problems evaluating options and making the right decisions The role holder may be working across multiple work streams and on a number of issues in parallel and will need the ability to

Clearly communicate requirements and design  solution options to stakeholders to facilitate decision making build consensus and define approaches in a mutually agreeable way

Assimilate information quickly into structured thinking and to challenge and question to build greater understanding

Challenge andor propose improvements to the way we do things whether related to the way that we manage administer or communicate about the project

Engage in identifying and implementing solutions to challenges related to delivering a large programme across multiple business areas and regions

bifurcation

Risk and Control Objective

Ensure that all activities and duties are carried out in full compliance with regulatory requirements Enterprise Wide Risk Management Framework and internal Policies and Policy Standards

Person Specification

Ability to clearly communicate complex concepts both verbally and in writing such that they can be understood by a wideranging audience

Ability to produce and communicate option assessments to drive consensus building and decision making

Experience of working within a structured project management framework ideally with experience of agile methodologies

Be decisive prioritise effectively maintain a clear focus and see action through to delivery

Is energetic determined positive goal focused and consistent  even under pressure

Builds trust and demonstrates integrity in all circumstances

Essential Skills Basic Qualifications

Expert level knowledge of Finastra Loan IQ

Understanding of Wholesale Lending products and business processes including Financial Accounting and Risk Management Credit or Market Risk

Strong communication skills both written and verbal

Skilled in use of Microsoft packages including Teams Sharepoint Powerpoint Visio

Desirable skills Preferred Qualifications

Degree level educated Or equivalent

Experience of managing requirements in Jira and documentation in Confluence

Working knowledge of project management tools and techniques including waterfall and agile methodologies