Calypso Business Analyst - Collateral

Luxoft; Sydney; On-site; AUD 180,000 - 240,000; Full time

Job summary

Luxoft in Sydney is seeking a highly experienced Collateral Migration Business Analyst to lead the migration of collateral management from a legacy system to Calypso. You will design the full data migration strategy, moving exposures, static data and cash positions while ensuring data integrity and controlled cutover within the client’s clearing and settlement ecosystem.

You will lead data discovery, mapping, transformation rules, and establish run books, controls and validation gates.

Qualifications

• 10+ years in capital markets with hands-on Calypso migration experience.
• Strong understanding of collateral management for CCPs.
• Experience configuring Calypso collateral agreements (IM/VM, GMRA).
• Proven data-migration experience migrating data into Calypso.
• Strong SQL skills for extraction, reconciliation and validation.
• Ability to define migration sequencing and run books with controls.

Responsibilities

• Design end-to-end migration strategy from legacy system to Calypso.
• Migrate collateral and related data as Collateral Exposure trades.
• Lead source-data discovery, mapping and transformation rules.
• Define data quality rules and reconciliation checkpoints.
• Plan dress rehearsals, cutover and post-migration reconciliation.
• Coordinate across business, operations, technology and vendor teams.

Skills

Capital markets experience

Calypso migration experience

SQL data analysis

Stakeholder coordination

Clear communication

CCP knowledge

Education

CFA or FRM certification

Tools

Calypso

SQL

XML

Java

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.