Luxoft

Calypso Front Office QA

Luxoft$90K — $120K *
US-AnywhereRemote in Canada
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years hands-on experience with Calypso in front office roles
  • Proficient in translating business requirements into structured test cases
  • Understanding of capital markets trade lifecycles, including FX and derivatives
  • Familiar with netting concepts and SWIFT messaging (MT standards)
  • Experience executing and logging defects in structured test environments

Responsibilities

  • Translate business and functional requirements into detailed test cases
  • Develop comprehensive test cases for the full Calypso trade lifecycle
  • Execute functional test cases in UAT environments
  • Log and triage defects accurately with supporting evidence
  • Collaborate during UAT to support business users and test case execution

Benefits

  • Opportunity to work with Calypso in a dynamic financial services environment
  • Gain exposure to diverse aspects of capital markets and trade lifecycles
  • Collaborative work with business analysts and technical teams
  • Contribute to a team's success in high-pressure situations
  • Continuous learning and skill development encouraged through the role
Full Job Description
Project description

Project Description:
Support and additional build out (projects) for Calypso instance.

Responsibilities

A QA role focused on translating business requirements and functional analysis into structured, comprehensive test cases in the Front Office. The Calypso QA Analyst works closely with business analysts and functional leads to understand scope and system behavior, then builds the test case library that drives test execution. The role is execution-focused - the QA Analyst does not own the test strategy but is the key contributor to test case quality, coverage, and readiness across all Calypso test phases.

Test Case Development

Analyze business requirements, functional specifications, and scope documents produced by the business and functional analysts

Translate requirements into structured, detailed test cases covering functional scenarios, edge cases, and negative paths

Build test cases for the full Calypso trade lifecycle: booking, amendment (economic and non-economic), cancellation, termination, roll-over, fixings, and corporate actions

Develop test cases for payment processing scenarios - including netting eligibility, gross vs net payment behavior, and payment control validation

Create SWIFT message test cases per product and event type (MT103, MT202, MT300, MT320, MT518, MT541, MT543, MT900, MT910, MT940)

Write workflow test cases covering routing rules, queue behavior, and end-to-end event flow through Calypso

Ensure every business requirement and in-scope scenario has at least one corresponding test case - maintain traceability

Define clear expected results and acceptance criteria for each test case

Test Execution

Execute functional test cases in Calypso UAT and test environments

Validate system behavior against expected results and raise defects for any discrepancies

Retest resolved defects and confirm fixes do not introduce regressions

Participate in UAT alongside business users - providing test case guidance and supporting execution

Defect Reporting

Log defects clearly with reproducible steps, expected vs actual results, and supporting evidence

Triage defects with the functional analyst and technical team to assess severity and priority

Track defects through to resolution and confirm closure before sign-off

Skills

Must have

5+ years hands-on Calypso experience - working knowledge of trade booking, payment processing, and system workflows in UAT; front office experience

Proven ability to write detailed, structured test cases from business requirements and functional specifications

Understanding of capital markets trade lifecycles: FX, Fixed Income, Money Market, Repos, Derivatives

Familiarity with netting concepts, payment processing, and SWIFT messaging (MT standards)

Experience executing test cases in a structured test environment and logging defects

Ability to identify gaps in test coverage and raise them proactively

Strong attention to detail and clear written communication

Desirable

Familiarity with CATT (Calypso Automated Testing Tool) - understanding of what it covers and how manual QA complements it

Experience on Calypso implementation or version upgrade projects

Knowledge of Calypso workflow configuration and payment control rules

ISTQB Foundation or equivalent QA qualification

Nice to have

Experience with the following is a plus:

Experience working with a software vendor in a Business Analysis role or a functional role within capital markets

Expertise in the support and implementation of the Calypso Middle and Back-Office system primarily in post-trade processing areas of Trade validation, Cross-Asset Accounting, Settlements, Reconciliations, Messages (SWIFT/Paper), Regulatory and Internal reporting.

Knowledge and functional experience across Asset Classes

Hands on experience massaging or analyzing data using tools such as Excel, SQL, or similar.

Additionally:

Ability to work under pressure in a fast-paced environment is essential.

Have a willingness to learn new skills

Must have attention to detail

Must have the ability to work independently and also as part of a group

Experience of Agile practices and processes (e.g. SCRUM, KANBAN)

Any technical knowledge (Writing simple sql query, be able to read code )

Conflict management ensuring collaborative outcomes

Excellent attention to detail and accuracy

Other

Languages

English: C2 Proficient

Seniority

Senior

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