Calypso Front Office QA

Luxoft; Northern (KY); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Luxoft seeks a Calypso QA Analyst to support and build Calypso projects across front-to-back office workflows. You will translate business requirements into structured test cases, develop test scripts for the full trade lifecycle, and validate payment processing and SWIFT message scenarios.

You'll collaborate with business analysts and developers in a fast-paced environment, ensure traceability of requirements to test cases, contribute to defect triage, and participate in UAT to guarantee

Qualifications

• Bachelor’s or Master’s degree in Finance, Computer Science, or related field.
• 4+ years proven experience with the Calypso platform (cloud environment preferred).
• 4+ years hands-on Calypso experience — working knowledge of trade booking, payment processing, and system workflows in UAT; front office experience.
• Capital Markets, Front Office, Accounting knowledge is strongly preferred.
• Proven ability to write detailed, structured test cases from business requirements and functional specifications.
• Understanding of capital markets trade lifecycles: FX, Fixed Income, Money Market, Repos, Derivatives.
• Familiarity with netting concepts, payment processing, and SWIFT messaging (MT standards).
• Experience executing test cases in a structured test environment and logging defects.
• Ability to identify gaps in test coverage and raise them proactively; ability to understand technical issues and solve problems.

Responsibilities

• Test Case Development: translate requirements into structured test cases for Calypso Front Office.
• Test Execution: run functional tests in Calypso UAT and test environments and log defects.
• Defect Reporting: triage defects with analysts and tech teams; track to closure.
• UAT Support: participate in UAT with business users and provide test guidance.
• Traceability: ensure every requirement has at least one corresponding test case and clear acceptance criteria.
• SWIFT & Payments: create test cases for SWIFT MT messages and payment scenarios.
• Workflow Coverage: develop tests for booking, amendments, cancellations, roll-over, and corporate actions.

Skills

Test case development

Functional analysis

Attention to detail

Problem solving

Communication

Agile

Education

Bachelor’s or Master’s degree in Finance, Computer Science, or related field

Tools

Calypso

JIRA

Confluence

CATT

SQL

Excel

Job description

Project description

Luxoft has one of the world's leading Calypso practice.We are a top-tier Calypso Partner and a market leader in implementation, integration, upgrade, and migration.We provide end-to-end project services and have delivered Calypso projects across all major asset classes and sectors including investment banking, asset management, corporate treasury, and insurance.Project Description:Support and additional build out (projects) for Calypso instance.

Responsibilities

• A QA role focused on translating business requirements and functional analysis into structured, comprehensive test cases in the Front Office. The Calypso QA Analyst works closely with business analysts and functional leads to understand scope and system behavior, then builds the test case library that drives test execution. The role is execution-focused — the QA Analyst does not own the test strategy but is the key contributor to test case quality, coverage, and readiness across all Calypso test phases.Test Case Development
• Analyze business requirements, functional specifications, and scope documents produced by the business and functional analysts
• Translate requirements into structured, detailed test cases covering functional scenarios, edge cases, and negative paths
• Build test cases for the full Calypso trade lifecycle: booking, amendment (economic and non-economic), cancellation, termination, roll-over, fixings, and corporate actions
• Develop test cases for payment processing scenarios — including netting eligibility, gross vs net payment behavior, and payment control validation
• Create SWIFT message test cases per product and event type (MT103, MT202, MT300, MT320, MT518, MT541, MT543, MT900, MT910, MT940)
• Write workflow test cases covering routing rules, queue behavior, and end-to-end event flow through Calypso
• Ensure every business requirement and in-scope scenario has at least one corresponding test case — maintain traceability
• Define clear expected results and acceptance criteria for each test caseTest Execution
• Execute functional test cases in Calypso UAT and test environments
• Validate system behavior against expected results and raise defects for any discrepancies
• Retest resolved defects and confirm fixes do not introduce regressions
• Participate in UAT alongside business users — providing test case guidance and supporting executionDefect Reporting
• Log defects clearly with reproducible steps, expected vs actual results, and supporting evidence
• Triage defects with the functional analyst and technical team to assess severity and priority
• Track defects through to resolution and confirm closure before sign-off

SKILLS

Must have

• Bachelor’s or Master’s degree in Finance, Computer Science, or related field
• 4+ years proven experience with the Calypso platform (cloud environment preferred)
• 4+ years hands-on Calypso experience — working knowledge of trade booking, payment processing, and system workflows in UAT; front office experience
• Capital Markets, Front Office, Accounting knowledge is strongly preferred
• Proven ability to write detailed, structured test cases from business requirements and functional specifications
• Understanding of capital markets trade lifecycles: FX, Fixed Income, Money Market, Repos, Derivatives
• Familiarity with netting concepts, payment processing, and SWIFT messaging (MT standards)
• Experience executing test cases in a structured test environment and logging defects
• Ability to identify gaps in test coverage and raise them proactivelybility to understand technical issues and possess strong problem solving skills.
• Outstanding performer, persistent and pro-active leader, detailed oriented, and driven to exceed expectations
• Exceptional / pragmatic business judgment combined with strong communication and relationship skills
• Comfortable navigating ambiguity and driving clarity in fast-paced environments
• Experience with data analysis, design and architecture including experience with very large data sets.
• Ability to balance multiple, changing priorities.
• Competent in Agile values, principles, and tools (JIRA, Confluence, etc)
• Strong attention to detail and clear written communicationDesirable
• Familiarity with CATT (Calypso Automated Testing Tool) — understanding of what it covers and how manual QA complements it
• Experience on Calypso implementation or version upgrade projects
• Knowledge of Calypso workflow configuration and payment control rules
• ISTQB Foundation or equivalent QA qualification

Nice to have

Experience with the following is a plus:1. Experience working with a software vendor in a Business Analysis role or a functional role within capital markets2. Expertise in the support and implementation of the Calypso Middle and Back-Office system primarily in post-trade processing areas of Trade validation, Cross-Asset Accounting, Settlements, Reconciliations, Messages (SWIFT/Paper), Regulatory and Internal reporting.3. Knowledge and functional experience across Asset Classes4. Hands on experience massaging or analyzing data using tools such as Excel, SQL, or similar.Additionally: Ability to work under pressure in a fast-paced environment is essential.