Business Analyst - Calypso

Delan Associates, Inc

$95K — $115K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 6+ years of business analysis experience in capital markets, treasury, or investment banking technology programs.
  • Strong functional knowledge of Calypso across multiple modules: Money Market, FX, Fixed Income, Derivatives, or Collateral/Margining.
  • Understanding of the Calypso trade lifecycle, including capture, validation, workflow, and settlement.
  • Proven ability to write Business Requirement Documents (BRDs) and Functional Specification Documents (FSDs) and manage requirements through the SDLC in Agile or hybrid environments.
  • Working knowledge of SQL for data investigation and validation.
  • Excellent stakeholder management and communication skills, particularly with senior business sponsors.
  • Bachelor's degree in Finance, Business, Computer Science, or related field; MBA preferred.

Responsibilities

  • Elicit, document, and prioritize business requirements from stakeholders in Treasury, Trading, and Operations.
  • Author Business Requirement Documents (BRDs) and Functional Specification Documents (FSDs) for enhancements and regulatory changes.
  • Perform gap analysis to compare business requirements with Calypso's built-in functionality, providing configuration recommendations.
  • Lead requirement walkthroughs and design reviews with business and technology teams.
  • Define User Acceptance Testing (UAT) scope and criteria; assist business users during UAT and defect triage.
  • Assess business impacts of Calypso version upgrades and regulatory changes across workflows.

Benefits

  • Opportunity to work at the intersection of business and technology in capital markets.
  • Engagement with cross-functional teams including Treasury and Trading stakeholders.
  • Ability to influence system enhancements and regulatory adaptations directly through the analysis work.
  • Chance to lead UAT efforts and interact closely with business users during critical testing phases.
Full Job Description
Role Overview

We are seeking an experienced Calypso Business Analyst to bridge business stakeholders - Treasury, Trading, Operations, and Risk - with the Calypso engineering and testing teams across Money Market, FX, Fixed Income, Derivatives, and Collateral. You will translate business needs into clear functional requirements and drive them through to UAT sign-off across development, enhancement, and version-upgrade workstreams.

Key Responsibilities
• Elicit, document, and prioritize business requirements from Treasury, Trading, Middle Office, and Operations stakeholders.
• Author Business Requirement Documents (BRDs) and Functional Specification Documents (FSDs) for new features, enhancements, and regulatory changes.
• Perform gap analysis between business requirements and out-of-the-box Calypso functionality; recommend configuration vs. customization.
• Lead requirement walkthroughs, design reviews, and sign-off sessions with business and technology stakeholders.
• Define UAT scope and acceptance criteria; support business users through UAT execution and defect triage.
• Assess business impact of Calypso version upgrades and regulatory changes across Front, Middle, and Back Office workflows.

Required Skills & Experience
• 6+ years of business analysis experience within capital markets, treasury, or investment banking technology programs.
• Strong functional knowledge of Calypso across two or more modules: Money Market, FX, Fixed Income, Derivatives, or Collateral/Margining.
• Understanding of the Calypso trade lifecycle (capture, validation, workflow, settlement, accounting) and static/market data setup.
• Proven experience writing BRDs/FSDs and managing requirements through the full SDLC in an Agile or hybrid environment.
• Working knowledge of SQL for data investigation and validation.
• Excellent stakeholder management and communication skills, including with senior business sponsors.

Good to Have
• Exposure to regulatory reporting regimes relevant to capital markets.
• Familiarity with adjacent capital markets systems used alongside Calypso in a multi-platform estate.

Qualifications
• Bachelor's degree in Finance, Business, Computer Science, or related field; MBA a plus.
• Calypso functional certification(s) preferred.

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