Job Title - Senior Test Consultant – Clearing, Risk & Settlement (Exchange Technology Migration)

Job Type - Hybrid

Location - Dubai

Experience - 8+ Years

Job Description -
We are seeking an experienced Senior Test Consultant to join an independent testing team supporting a major exchange technology transformation and migration program.

The role will focus on testing the Clearing House (CCP) platform, covering positions, margining and risk, collateral, banking and settlement, delivery, default management, and regulatory reporting.

The successful candidate will work closely with exchange business teams, technology teams, and third-party product vendors across UAT, mock trading, cutover rehearsals, and Go-Live.

Key Responsibilities
Analyse business requirements, functional specifications, rulebooks, and regulatory requirements and develop comprehensive test scenarios and cases.
Maintain requirement-to-test traceability and obtain formal approval from business stakeholders.
Design and execute detailed UAT test cases across multiple vendor releases.




Define test data and coordinate setting readiness with business, IT, and vendor teams.
Manage defects through the complete lifecycle, including severity/priority classification, triage, retesting, and regression.
Prepare daily and weekly test status reports covering execution, defects, risks, blockers, and readiness.
Prepare test summary reports and provide UAT sign-off recommendations.
Support member/ISV conformance testing, mock trading, cutover rehearsals, Go-Live, and post-Go-Live hypercare.
Work in accordance with exchange information-security, confidentiality, and data-classification requirements.
CCP / Clearing-Specific Responsibilities
Test real-time position processing, client/house segregation, position transfers, and contract-level exhaustion.
Validate clearing and netting models including Gross-Gross, Gross-Net, Net-Net, and TFT.
Test initial margin, SPAN/scenario-based margining, portfolio/spread offse

📌 Senior Test Consultant – Clearing, Risk (Gulbarga)
🏢 AvanteNow
📍 Gulbarga