Job highlights

- 3+ years hands-on experience with Calypso Back Office modules, strong knowledge of trade lifecycle for capital markets products, expertise in SWIFT messaging standards and Calypso BO configuration

- Maintain and support Calypso BO modules, resolve production incidents, implement workflow changes, support integrations, execute testing, and provide L2/L3 support

Job Summary

We are looking for a Calypso Back Office (BO) Analyst to join our team supporting an international bank. The person will be responsible for maintaining and developing Calypso BO modules within an existing production instance. The role covers day-to-day support, incident resolution, change requests, and continuous improvement of BO processes and workflows.

Responsibilities

- Maintain and support Calypso Back Office modules in a live production environment for an international banking client

- Analyze, design, and implement changes and enhancements to BO workflows, including settlements, confirmations, accounting, and reporting

- Investigate and resolve production incidents related to BO processing (trade lifecycle events, settlement failures, SWIFT messaging issues, reconciliation breaks)

- Gather and document business requirements from BO users and translate them into functional specifications for the development team

- Configure and customize Calypso BO workflows, including trade validation rules, netting rules, settlement instructions, and accounting schemes

- Support BO integration points with external systems (e.g., SWIFT, payment platforms, general ledger, reconciliation tools, CCP/clearing systems)

- Participate in Calypso upgrades and patch deployments, focusing on BO module regression testing and impact analysis

- Prepare and execute test cases (functional, regression, UAT)



for BO changes using tools such as CATT (Calypso Automated Testing Tool)

- Create and maintain documentation: functional specifications, runbooks, process flows, and knowledge base articles

- Collaborate with Front Office and Middle Office teams to ensure end-to-end trade lifecycle consistency

- Provide L2/L3 support during business hours and participate in on-call rotation if required

Skills

Must have

- Minimum 3 years of hands-on experience with Calypso Back Office modules (settlements, confirmations, accounting, SWIFT messaging)

- Strong understanding of trade lifecycle for capital markets products: Fixed Income (bonds, repos), Interest Rate Derivatives (IRS, FRA), FX (spots, forwards, swaps, options), and/or Credit Derivatives

- Experience with Calypso BO configuration: settlement instructions (SDIs), netting rules, payment workflows, accounting rules and posting schemes

- Knowledge of SWIFT messaging standards (MT103, MT202, MT300, MT320, MT540-MT548, MT900/MT910, MT950) and their mapping in Calypso

- Experience with Calypso workflow management (task stations, trade lifecycle events, BO status transitions)

- Familiarity with reconciliation processes (cash, position, nostro/vostro)

- Good understanding of accounting entries generated by Calypso (P&L;, accruals, revaluation)

- Experience working in a production support workplace with SLA-driven incident management

- Ability to write SQL queries for data investigation and reporting purposes

- Good communication skills in English (written and spoken)

Nice to have

- Experience with Calypso versions 16+ (ideally version 18)

- Knowledge of CCP clearing workflows (e.g., LCH, Eurex, KDPW_CCP) and their integration with Calypso BO

- Experience with EMIR/MiFID II regulatory reporting from BO perspective

Other

- Languages: English: C1 Advanced

- Seniority: Senior

Location - Pune,Mumbai,Chennai,Banagalore

📌 Calypso BO Analyst (Mumbai)
🏢 Luxoft
📍 Mumbai