Mid-level Calypso Business Analyst

We're looking for a Mid-level Calypso Business Analyst to join our team in London in a hybrid working mode. In this role, you will work at the intersection of technology and business, supporting a global financial institution with its front-to-back Calypso implementation and collateral/liquidity management processes. This is a consulting-driven position where you’ll partner with client stakeholders, gather functional requirements, and deliver strategic solutions to enhance clearing operations and regulatory compliance.

As part of a highly skilled project team, you will leverage your Calypso expertise to optimize derivative trading workflows and ensure seamless trade lifecycle management, adding measurable value to core business functions.

Responsibilities

• Deliver change initiatives to the Calypso-based collateral and liquidity management platform
• Partner with client stakeholders to capture, validate, and document business requirements
• Translate user stories into functional specifications for development and QA teams
• Manage the end-to-end delivery cycle from analysis to implementation and post-implementation validation
• Develop and execute User Acceptance Testing (UAT) and regression testing plans
• Facilitate workshops with front, middle, and back-office teams to improve processes
• Provide clarification and guidance on functional queries for the development team
• Drive compliance with regulatory and market-driven changes

Requirements

• 5 years of experience as a Business Analyst on Calypso platforms
• Strong understanding of derivatives products and trade lifecycle management
• Solid knowledge of collateral lifecycle processes and clearing workflows
• Experience in Agile or hybrid delivery models with tools like JIRA
• Excellent communication skills and ability to engage with senior stakeholders
• Proven ability to produce clear requirements documentation and test cases

Nice to have

• Experience with tri-party collateral arrangements and collateral optimization strategies
• Familiarity with clearing house operations and settlement processes
• Understanding of EMIR, Dodd-Frank, or similar regulatory reporting frameworks
• Previous consulting experience in capital markets technology transformation