Calypso Business Analyst - Collateral [Sydney]

Luxoft; Sydney; On-site; AUD 140,000 - 190,000; Full time

Job summary

Luxoft in Sydney, Australia is seeking a Collateral Migration Business Analyst to lead the migration of collateral management from a legacy system to Calypso, within a major post-trade transformation program. You will design end-to-end data migration strategy, manage data integrity, reconciliation, cutover, and coordinate across business, operations, technology and vendor teams.

The role requires 10+ years in capital markets, strong Calypso experience, SQL skills, and the ability to drive

Qualifications

• 10+ years in capital markets with 5+ years hands-on Calypso experience, preferably on collateral migrations.
• Strong understanding of collateral management implementation for CCPs.
• Experience configuring Calypso collateral agreements (IM/VM, GMRA) and related parameters.
• Proven data migration experience, moving trade/collateral data into Calypso as Collateral Exposure trades.
• Strong data analysis skills with SQL for extraction, reconciliation and data-quality validation.

Responsibilities

• Design end-to-end collateral migration strategy for moving data from the legacy system into Calypso.
• Migrate existing collateral data as Collateral Exposure trades.
• Lead source-data discovery, data extraction, and mapping with transformation rules.
• Define and execute migration of static data (Counterparty, SDI) and cash positions.
• Set up and validate margin call contracts within a CCP collateral management context.
• Build and maintain Calypso upload templates; manage loading, reconciliation and data-quality validation.
• Prepare and own migration run book, covering pre-migration checks, load sequence, validation gates, rollback and post-load reconciliation.
• Lead stakeholder configuration and coordination across business, operations, technology and vendors.
• 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 post-migration validation.

Skills

Calypso migration

Collateral management

SQL data analysis

Data migration strategy

Stakeholder management

API design (Calypso integrations)

Education

CFA or FRM certification

Postgraduate finance/risk qualification

Tools

SQL

XML

Java

Job 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.

Mandatory Skills Description:

• 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 Skills Description:

• 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