Calypso Functional QA

Luxoft; Chennai; On-site; INR 280,000 - 500,000; Full time

Job summary

Luxoft is seeking a Senior Quality Analyst to join a leading Australian financial institution's Calypso-based OTC derivative clearing platform. You will drive test analysis, design and execution across end-to-end trade lifecycle, settlements and EOD batch processing, coordinating with BA, development, and operations teams.

Ideal candidate has 5–10 years in QA for capital markets with Calypso experience, and hands-on testing of swaps, bonds and repo products, plus automated regression and release

Qualifications

• 5 to 10 years overall QA/testing experience in capital markets with 2 to 3 years on Calypso.
• Strong hands-on functional/configuration knowledge of the Calypso platform.
• Hands-on testing experience in Swaps (IRS/OIS/CCS), Bond, Repo products.
• Proven ability to understand, validate and test end-to-end trade lifecycle within Calypso.
• Good knowledge on Calypso objects like Workflows, Filters, Report Templates and Task Station.
• Test market data setup including curves, quotes, feeds and validate their impact on pricing, P&L, and reports.
• Experienced in testing schedule tasks, batch execution from scheduling tools like Control-M
• Hands on with trade, position and cash / security reconciliation between Calypso and downstream/related systems.
• Solid test design, execution and defect management in release-driven cycles.
• Ability to analyse test failures and reconciliation breaks to root cause.

Responsibilities

• Design, execute and maintain functional, regression and UAT test cases for Calypso.
• Validate end-to-end trade lifecycle for Interest Rate, Fixed Income products covering Trade capture, lifecycle events, novations, terminations and clearing flows.
• Automated trade booking, Re-booking to validate trade workflows, including trade migration and data integrity checks.
• Validate static data, market data inputs, pricing and valuation impacts.
• Test EOD and scheduled-task processing; verify outputs, reports and extracts.
• Reconcile trades, positions and reports between Calypso and upstream/downstream systems.
• Raise clear, evidence-based defects and drive triage through to closure.
• Build and run automated regression packs using CATT where applicable.
• Support test planning, change-request coverage, test summary reports and release sign-off.
• Work with platform engineering on testing calypso cloud migration.

Skills

QA testing

Calypso knowledge

Swaps testing

Trade lifecycle testing

Calypso objects

Market data testing

Batch scheduling

Reconciliation testing

Test design

Root-cause analysis

Tools

Calypso

Control-M

AWS Cloud

Linux/Unix

Jenkins

MarkitWire

Bloomberg

Job description

Project description

An opportunity is available for a Senior Quality Analyst to join our client, a leading Australian financial institution, as a key contributor to the Test analysis, design, and Test Execution of their OTC derivative clearing platform. You will be part of functional quality assurance team of the Calypso platform, with focus on end-to-end testing of IRD, Fixed Income asset classed including trade lifecycle validation, settlements, EOD Batch across functional, regression and release testing, in close partnership with BA, development, platform and operations teams.

Responsibilities

• Design, execute and maintain functional, regression and UAT test cases for Calypso.


• Validate end-to-end trade lifecycle for Interest Rate, Fixed Income products covering Trade capture, lifecycle events, novations, terminations and clearing flows.


• Automated trade booking, Re-booking to validate trade workflows, including trade migration and data integrity checks.


• Validate static data, market data inputs, pricing and valuation impacts.


• Test EOD and scheduled-task processing; verify outputs, reports and extracts.


• Reconcile trades, positions and reports between Calypso and upstream/downstream systems.


• Raise clear, evidence-based defects and drive triage through to closure.


• Build and run automated regression packs using CATT where applicable.


• Support test planning, change-request coverage, test summary reports and release sign-off.


• Work with platform engineering on testing calypso cloud migration.

SKILLS

Must have

• 5 to 10 years overall QA/testing experience in capital markets with 2 to 3 years’ experience on Calypso


• Strong hands-on functional /configuration knowledge of the Calypso platform.


• Hands-on testing experience in Swaps (IRS/OIS/CCS), Bond, Repo products.


• Proven ability to understand, validate and test end-to-end trade lifecycle within Calypso


• Good knowledge on various calypso objects like Workflows, Filters, Report Templates and Task Station


• Test market data setup including curves, quotes, feeds and validate their impact on pricing, P&L, and reports.


• Experienced in testing schedule tasks, batch execution from scheduling tools like Control-M


• Hands on with trade, position and cash / security reconciliation between Calypso and downstream/related systems.


• Solid test design, execution and defect management in release-driven cycles.


• Ability to analyse test failures and reconciliation breaks to root cause.

Nice to have

• Exposure to CATT (Calypso Automated Testing Tool).


• Experience with AWS Cloud, Database migration and Calypso version upgrades


• OTC clearing / CCP domain knowledge.


• Linux/Unix skills for logs, files, processes, and job troubleshooting.


• Jenkins experience for CI/CD, regression, and batch job execution/monitoring.


• Market data knowledge covering curves, FX, bonds, credit spreads, and feeds.


• Domain knowledge of Fixed Income, Derivatives, Backoffice, pricing, P&L, CSA/collateral, and trade reconciliation.


• Experience with regression comparison tools, CSV/file-diff utilities, or Calypso QA automation.


• Exposure to related platforms/interfaces such as MarkitWire, Bloomberg