Project Manager - Calypso

-; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A prominent financial services firm in Dubai seeks an experienced Project Manager to lead regulatory initiatives and new product implementations within Global Markets & Treasury. You will manage end-to-end delivery of projects, ensuring compliance and effective stakeholder engagement. The ideal candidate has over 8 years of experience in Banking, solid knowledge of Capital Markets products, particularly Credit Derivatives, and proven success in leading Calypso-based projects. Competitive package offered.

Qualifications

• 8+ years of experience as an IT Project Manager in Banking / Financial Services.
• Experience delivering Calypso-based initiatives (implementation, upgrades, regulatory change).
• Strong exposure to Global Markets & Treasury projects.

Responsibilities

• Own end-to-end delivery of regulatory and new product initiatives.
• Lead regulatory-driven projects involving Risk, Finance, and Compliance teams.
• Act as the primary point of contact for business, IT, vendors, and PMO.

Skills

Stakeholder management

Regulatory project management

Execution-focused mindset

Communication skills

Education

Bachelor's degree in IT, Engineering, Finance, or related field

PMP / PRINCE2 certification

Tools

MS Project

Jira

Confluence

MS Office

Job description

We are looking for a hands‑on Project Manager to drive regulatory initiatives and new product implementations within Global Markets & Treasury, with a strong focus on Calypso-based projects, Risk & Finance regulatory change, and complex credit derivative implementations. The role owns end‑to‑end delivery from initiation to closure, ensuring projects are delivered on time, within scope, budget, and regulatory compliance, while managing dependencies across business, IT, vendors, and regulators.

Requirements

Key Responsibilities

Project Delivery & Execution

• Own end-to-end delivery of Global Markets & Treasury projects (Regulatory + New Products)
• Drive Calypso implementations and enhancements across Risk, Finance, and Front Office workflows
• Manage delivery across Credit Derivatives, structured products, and complex instruments
• Define project scope, milestones, deliverables, timelines, and budgets
• Track progress across sprints / phases and ensure adherence to agreed quality metrics
• Proactively manage scope change, risks, issues, and dependencies

Regulatory & Risk Initiatives

• Lead regulatory-driven projects involving Risk, Finance, and Compliance teams
• Ensure alignment with internal governance, audit, and central bank regulations
• Coordinate with Risk & Finance stakeholders on regulatory interpretations and delivery impacts
• Ensure documentation, controls, and audit readiness throughout the lifecycle

Stakeholder & Dependency Management

• Act as the primary point of contact for business, IT, vendors, and PMO
• Run SteerCo, project board, and stakeholder meetings
• Resolve cross-team dependencies across Trading, Risk, Finance, Operations, and Technology
• Escalate delivery risks decisively with mitigation plans

Governance & Reporting

• Maintain project plans, RAID logs, dependencies, assumptions, and constraints
• Provide clear MIS, status reports, and executive dashboards
• Ensure compliance with PMO, QMS, Risk, and Audit standards
• Track budget utilisation (Planned vs Actual)

Team & Vendor Management

• Manage internal delivery teams and external vendors
• Ensure resources are onboarded, productive, and contractually compliant
• Drive accountability, execution discipline, and delivery focus

Required Skills & Experience

Must-Have

• 8+ years of experience as an IT Project Manager in Banking / Financial Services
• Strong exposure to Global Markets & Treasury projects
• Experience delivering Calypso-based initiatives (implementation, upgrades, regulatory change)
• Solid understanding of Capital Markets products, especially:
• Credit Derivatives
• Fixed Income / Structured Products
• Proven experience managing regulatory projects involving Risk & Finance
• Strong stakeholder management and dependency resolution skills
• Execution-focused mindset - drives outcomes, not just governance
• Excellent communication (senior stakeholders, business & tech)

Good to Have

• Experience with Agile / Hybrid / Waterfall delivery models
• Exposure to risk engines, valuation, P&L, collateral, or regulatory reporting
• Prior experience in large enterprise or Tier-1 bank environments

Education & Certification

• Bachelor's degree in IT, Engineering, Finance, or related field
• PMP / PRINCE2 or equivalent Project Management certification (preferred)

Tools & Environment

• Project management tools (MS Project, Jira, Confluence)
• Strong working knowledge of MS Office
• Enterprise banking technology landscape