Calypso Business Analyst - Collateral

Luxoft; Australia; On-site; AUD 170,000 - 250,000; Full time

Job summary

Luxoft is seeking a Collateral Migration Business Analyst to join a major post-trade transformation for an Australian Financial Institute. You will design and deliver end-to-end data migration strategy to Calypso, moving collateral exposures, static data and cash positions while ensuring data integrity and a controlled cutover.

You will lead data discovery, source-to-target mapping, and validation, coordinate across business, operations, technology and vendor teams, and contribute to API design

Qualifications

• 10+ years in capital markets with 5+ years hands-on Calypso migration experience.
• Strong understanding of collateral management for CCP.
• Experience configuring Calypso collateral agreements (IM/VM, GMRA), and margin/threshold/MTA parameters.
• Proven data-migration experience migrating trade/collateral data into Calypso.
• Strong SQL data analysis for extraction, reconciliation and data-quality validation.
• Experience in source-to-target mapping, transformation rules and data-quality rules.
• Understanding of margin call contract setup, pricing and collateral/cash allocations.
• Experience designing migration approach, run books, controls and success criteria.
• Dress rehearsals, cutover execution and post-migration reconciliation.
• Ability to coordinate migration sequencing across business and technology stakeholders.
• Strong analytical skills and clear communication with business and technology teams.

Responsibilities

• Design the end-to-end collateral migration strategy for moving data from the legacy system into Calypso, including migration approach, sequencing, controls and success criteria.
• Migrate existing trade data into Calypso as Collateral Exposure trades, ensuring correct representation of collateral positions in the target platform.
• Lead source-data discovery, data extraction, source-to-target mapping and transformation rules for static and transactional data.
• Define and execute migration of static data - Counterparty, SDI - and existing cash positions.
• Set up and validate margin call contracts, including pricing, allocations, netting rules and eligibility, within a CCP collateral management context.
• Build and maintain Calypso upload templates; manage loading, reconciliation and data-quality validation between source and target.
• Prepare and own the migration run book, covering pre-migration checks, load sequence, validation gates, rollback and post-load reconciliation.
• Lead end-to-end stakeholder configuration and coordination across business, operations, technology and vendor teams.
• Participate in API design to integrate Calypso collateral data with upstream and downstream systems.
• Plan and run dress rehearsals and cutover, acting as decision maker for migration sequencing.
• Define controls, reconciliation checkpoints and success criteria; support defect resolution and production validation through go-live.

Skills

Calypso migration

Collateral management

CCP knowledge

Calypso configurations

Data migration

SQL data analysis

Source-to-target mapping

Data quality validation

Migration sequencing

Stakeholder coordination

API design

Dress rehearsals

Go-live support

Capital markets

Calypso exposure trades

Job description

Project description

An opportunity is available for a Collateral Migration Business Analyst to join our client, a leading Australian Financial Institute, to lead the migration of collateral management from a legacy system to Calypso. This role is a key contributor to a major post-trade transformation program, responsible for designing and delivering the end-to-end data migration strategy - moving existing collateral exposures, static data and cash positions into Calypso while ensuring data integrity, reconciliation and a controlled cutover into the client's clearing and settlement ecosystem.

Responsibilities

• Design the end-to-end collateral migration strategy for moving data from the legacy system into Calypso, including migration approach, sequencing, controls and success criteria.
• Migrate existing trade data into Calypso as Collateral Exposure trades, ensuring correct representation of collateral positions in the target platform.
• Lead source-data discovery, data extraction, source-to-target mapping and transformation rules for static and transactional data.
• Define and execute migration of static data - Counterparty, Standard Settlement Instructions (SDI) - and existing cash positions.
• Set up and validate margin call contracts, including pricing, allocations, netting rules and eligibility, within a CCP collateral management context.
• Build and maintain Calypso upload templates; manage loading, reconciliation and data-quality validation between source and target.
• Prepare and own the migration run book, covering pre-migration checks, load sequence, validation gates, rollback and post-load reconciliation.
• Lead end-to-end stakeholder configuration and coordination across business, operations, technology and vendor teams.
• Participate in API design to integrate Calypso collateral data with upstream and downstream systems.
• Plan and run dress rehearsals and cutover, acting as decision maker for migration sequencing.
• Define controls, reconciliation checkpoints and success criteria; support defect resolution and production validation through go-live.

Skills

Must have

• 10+ Years in Capital markets with 5+ years hands-on experience with Calypso preferable on migration of Collateral including contracts, static/reference data and Cash / Security positions.
• Strong understanding of collateral management implementation for a Central Clearing Party (CCP).
• Experience configuring Calypso collateral agreements (IM/VM, GMRA), haircut/threshold/MTA parameters and eligible collateral schedules.
• Proven prior data-migration experience - migrating trade/collateral data into Calypso, including loading as "Collateral Exposure" trades.
• Strong data analysis skills with SQL for extraction, reconciliation and data-quality validation.
• Experience in source-to-target mapping, transformation rules and defining data-quality rules.
• Understanding of margin call contract setup, pricing and collateral/security and cash allocations.
• Experience designing migration approach, run books, controls and success criteria.
• Cutover and validation experience - dress rehearsals, cutover execution and post-migration reconciliation.
• Ability to own migration sequencing decisions and coordinate across business and technology stakeholders.
• Strong analytical skills and clear communication with business and technology teams.

Nice to have

• Experience participating in API design / integration between Calypso and other systems.
• Knowledge of CCP clearing and settlement processes, margining frameworks and regulatory requirements.
• Technical knowledge of SQL, XML or Java for data analysis and issue investigation using application server logs.
• Experience with Calypso integrations for SWIFT messaging.
• Experience working with global, distributed stakeholder teams.
• CFA or FRM certification, or equivalent postgraduate qualification in Finance/Risk

Other

Languages

• English: C2 Proficient

Seniority

• Regular