Calypso Business Analyst – Financial Products, System Migration & Compliance

Job Summary

Synechron is seeking a highly experienced Business Analyst specializing in Calypso Capital Markets and Derivatives to lead requirements gathering, solution design, and integration efforts. This role involves working on complex platform enhancements, migrations, and upgrades supporting front and back-office functions in a highly regulated financial environment. Your expertise will facilitate the delivery of reliable, efficient, and compliant systems that optimize workflows and enable strategic growth for financial institutions.

Software Requirements

Required:

• Extensive knowledge of Calypso versions 16.1 onwards (including upgrades and migrations)

• Proven experience with Calypso Modules: Pricing, Accounting, ERS, Workflows, Reporting, Task Station, and Scheduled Tasks

• Solid understanding of Calypso Hedge Accounting and Collateral modules with integrations

• Strong domain knowledge in Fixed Income, Derivatives, Money Markets, Advances, LCs, and Equities

• Familiarity with Derivatives Clearing affirmation processes

• Working knowledge of SQL, relational databases, and data management techniques

• Experience with ETL processes and data integration across enterprise systems

Preferred:

• Exposure to cloud deployment of Calypso solutions (AWS/Azure)

• Knowledge of GenAI frameworks such as LangChain, Llama, or Hugging Face (preferred)

• Certification or deep experience in financial product valuation and derivatives lifecycle management

Overall Responsibilities

• Lead the analysis, design, and implementation of Calypso-based solutions supporting diverse financial products and lifecycle events

• Gather and analyze business requirements, translating them into scalable, high-quality system solutions across front and back-office processes

• Support platform upgrade projects, data migration, and system enhancements from initiation to delivery

• Collaborate with technical teams, operations, and stakeholders to ensure adherence to compliance, security, and operational standards

• Identify and resolve technical issues in Calypso implementations, ensuring performance and stability

• Conduct process reviews, gap analysis, and documentation to support operational excellence

• Lead or contribute to integration efforts with external systems, trading platforms, and data sources

• Drive continuous improvement in system performance, reliability, and process automation

• Mentor junior team members and promote best practices within the project lifecycle

Technical Skills (By Category)

Business Analysis & Functional Skills:

• Extensive experience gathering, analyzing, and documenting business requirements for financial markets

• Strong understanding of derivatives, fixed income, equity, and money market products and their lifecycle events

• Ability to map business needs into machine-readable rules and system configurations

Calypso-Specific:

• Deep knowledge of Calypso modules: Pricing, Accounting, ERS, Task Station, Workflows, and Collateral

• Expertise in Calypso upgrade, migration, and integration projects

Databases & Data Management:

• SQL proficiency for relational data analysis and validation

• Knowledge of data reconciliation, data quality checks, and metadata management

Frameworks & Technologies:

• Calypso modules and APIs for trading and risk management

• Data integration tools and middleware

Development & Integration Tools:

• ETL tools, scripting languages, and automation frameworks

• API development and consumption (REST, SOAP)

• External system integrations for trading, clearing, and collateral management

Security & Governance:

• Understanding of security standards for financial data (e.g., PCI DSS)

• Experience with Calypso security features and best practices in enterprise platforms

Experience Requirements

• Minimum 7+ years of experience supporting, implementing, or optimizing Calypso in financial institutions or trading environments

• Proven track record in Calypso upgrades, migrations, and integration projects

• Extensive experience with front-to-back office workflows across derivatives, fixed income, and equities

• Familiarity with derivatives lifecycle, valuation, and clearing affirmation processes

• Ability to lead requirements specifications, gap analysis, and cross-team collaboration

Day-to-Day Activities

• Gather detailed business requirements, document workflows, and system specifications

• Lead or contribute to Calypso upgrade, migration, and enhancement projects

• Design, develop, and support system configurations, reports, and data interfaces

• Troubleshoot issues impacting trading, risk, or collateral workflows in Calypso

• Collaborate with technical teams to ensure data integrity, security, and compliance

• Conduct data reconciliation, validation, and metadata management activities

• Support functional testing, user acceptance testing, and go-live activities

• Advocate best practices in system configuration, process automation, and operational reliability

• Participate in project planning, risk assessment, and strategic planning initiatives

Qualifications

• Bachelor’s degree in Finance, Computer Science, or related field; higher degrees or relevant certifications preferred

• Extensive experience working with Calypso solutions specifically in financial trading, risk, and settlement environments

• Knowledge of financial products, derivatives, and lifecycle management strongly preferred

• Certifications in financial technology or system management are advantageous

Professional Competencies

• Strong analytical and problem-solving skills for complex system configurations and process optimization

• Excellent communication for stakeholder engagement and documentation

• Leadership qualities for guiding projects and mentoring junior staff

• Adaptability to evolving regulatory requirements and technology landscapes

• Critical thinking with a focus on security, compliance, and operational resilience

• Collaborative approach to cross-disciplinary teams and process improvement

S​YNECHRON’S DIVERSITY & INCLUSION STATEMENT
 

Diversity & Inclusion are fundamental to our culture, and Synechron is proud to be an equal opportunity workplace and is an affirmative action employer. Our Diversity, Equity, and Inclusion (DEI) initiative ‘Same Difference’ is committed to fostering an inclusive culture – promoting equality, diversity and an environment that is respectful to all. We strongly believe that a diverse workforce helps build stronger, successful businesses as a global company. We encourage applicants from across diverse backgrounds, race, ethnicities, religion, age, marital status, gender, sexual orientations, or disabilities to apply. We empower our global workforce by offering flexible workplace arrangements, mentoring, internal mobility, learning and development programs, and more.

All employment decisions at Synechron are based on business needs, job requirements and individual qualifications, without regard to the applicant’s gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.

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