Business Process Consulting || Instruments & Products

Zensar · India

Domain BA — Instruments & Products

Positions: 2 seats — CPI / Compounding / Matched Funding / Call Accounts / Deposits / Structured Products | Location: Offshore | Reports to: Functional Lead | Focus: The Bank's proprietary SA instrument IP through treasury-style call / deposit and structured / standard lending

ROLE PURPOSE

Own the Bank's lending and deposit instrument families end-to-end — from the most proprietary SA instrument IP (CPI-linked, SA-compounding and match-funding) through treasury-style call / notice / deposit products and structured / standard lending, including which are ACBS-fit versus proprietary. In Discovery, extract, document and SME-validate their functional and calculation logic and shape their disposition, specifications and parity targets; through delivery, carry the same logic into build specifications, parity validation, ACBS consolidation and migration.

BUSINESS AREAS OWNED

CPI-linked loans and annuities (CPI bonds, CPI annuity streams); CPI indexation and JSE compounding conventions.
SA-specific compounding conventions across lending instruments; average-rate and reference-rate accrual instruments.
Match funding / asset-to-funding at profile level (matched average / index / preference instruments, TS funding accounts, linked loan-deposit); auto-creation of funding legs; mesh instruments (internal funding); flexible and index-linked instruments.
Call and notice accounts (call bond-buyer, call deposit, call loan, notice deposit, notice-index deposit); daily rate-setting and Call Dealer logic; flow-of-funds / mandated-distribution accounts.
Evergreen (open-ended tenor) deposits; fixed and term deposits; periodic fixed deposits with bespoke reset and rounding.
Structured / syndicated and bilateral lending; term loans; preference shares; cash-flow and fee streams (cashflow streams, fee streams, coupons); illiquid bonds managed as loans (no daily pricing).

KEY RESPONSIBILITIES

Produce the Instrument Coverage Map for these groups — codes / families, ACBS gap rationale (standard-lending fit vs proprietary call / deposit and SA-bespoke behaviour), business criticality and volumes.
Document the Functional Rule Base for indexation, compounding, average-rate accrual, match-funding automation, rate-setting, notice / call mechanics, deposit reset, fee / cashflow waterfalls and bond-as-loan servicing — validated through SME playback.
Recommend the 5R disposition — primary rebuild candidates for SA-bespoke and proprietary call / deposit behaviour; Retire-to-ACBS-v8 for standard lending — and feed the Functional Lead's consolidation.
Write Functional Service Specifications (instrument-specific valuation / accrual rules, inputs / outputs, data ownership) and author Golden Scenarios for CPI, funding, call, deposit and structured cases with tolerance-based parity targets reflecting JSE compounding conventions.
Turn the validated rules into build specifications for the SA bespoke-instruments and deposits / call-accounts / structured-lending squads (including Call Dealer rebuild and rate-setting); support ACBS consolidation of standard-lending instruments.
Own parity validation against agreed tolerances through parallel run, and support migration and cutover for these instrument families across the relevant waves.

SKILLS & EXPERIENCE

Deep, hands-on Commercial Lending business knowledge (essential); Structured Lending experience a strong plus. Working understanding of Murex; ACBS / LoanIQ product knowledge desirable; South African lending market knowledge a nice-to-have.
7+ years BA / functional analysis in banking, with hands-on exposure to interest-calculation, indexation or structured-funding logic and to deposits, money-market / call products and syndicated / structured lending.
Numerate and calculation-literate; defines rounding, day-count and compounding rules precisely and works to tolerances rather than byte-for-byte equivalence; understands product lifecycle, rate-setting, accruals and fee / cashflow mechanics and distinguishes COTS-fit from bespoke behaviour.
Strong requirements elicitation and SME-playback skills; rigorous, source-traceable documentation carried into build specifications.
Secondary market for commercial loans / deals and the capital-market functions around them — syndication, participations and secondary trading.

Desirable. South African markets / CPI-linked product experience; ALM or treasury-funding background; money-markets / treasury product background; prior deposits or syndicated-lending platform work.

At Zensar, we’re “experience-led everything”. We are committed to conceptualizing, designing, engineering, marketing, and managing digital solutions and experiences for over 130 leading enterprises. We are a company driven by a bold purpose: Together, we shape experiences for better futures. Whether for our clients, our people, or the world around us, this belief powers everything we do. At the heart of our culture is ONE with Client - a set of four core values that reflect who we are and how we work: One Zensar, Nurturing, Empowering, and Client Focus.

Part of the $4.8 billion RPG Group, we’re a community of 10,000+ innovators across 30+ global locations, including Milpitas, Seattle, Princeton, Cape Town, London, Zurich, Singapore, and Mexico City. Explore Life at Zensar and join us to Grow. Own. Achieve. Learn. to be the best version of yourself.

We believe the best work happens when individuality is celebrated, growth is encouraged, and well-being is prioritized. We are an equal employment opportunity (EEO) and affirmative action employer, committed to creating an inclusive workplace. All qualified applicants will be considered without regard to race, creed, color, ancestry, religion, sex, national origin, citizenship, age, sexual orientation, gender identity, disability, marital status, family medical leave status, or protected veteran status. Domain BA — Instruments & Products Positions: 2 seats — CPI / Compounding / Matched Funding / Call Accounts / Deposits / Structured Products | Location: Offshore | Reports to: Functional Lead | Focus: The Bank's proprietary SA instrument IP through treasury-style call / deposit and structured / standard lending ROLE PURPOSE Own the Bank's lending and deposit instrument families end-to-end — from the most proprietary SA instrument IP (CPI-linked, SA-compounding and match-funding) through treasury-style call / notice / deposit products and structured / standard lending, including which are ACBS-fit versus proprietary. In Discovery, extract, document and SME-validate their functional and calculation logic and shape their disposition, specifications and parity targets; through delivery, carry the same logic into build specifications, parity validation, ACBS consolidation and migration. BUSINESS AREAS OWNED ● CPI-linked loans and annuities (CPI bonds, CPI annuity

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