Skills and qualifications "Select a value set Name" error displays under Redwood

Summary:

Enabling Redwood for Talent Management module leads to display the following error: "Select a value set Name"

Content (please ensure you mask any confidential information):

After enabling Redwood for the Talent Module, I am unable to display list of values in the Skills and Qualifications section > Degree > School Name or Study level for e.g (See screenshot below) and the Error " Select a value set Name" displays.

Nothing have been changed in the configurations.

Did anyone encountered this kind of issues before? Can anyone help please?

Version (include the version you are using, if applicable):

Oracle Fusion Cloud Applications24B