eFinancialCareers

• Company

  Calypso Technology

• Location

  New York City, NY

• Compensation

  Competitive

• Position Type

  Employee

• Employment type

  Full time

• Updated

  29 Jul 2008

• eFC Ref no

  436417

Front Office Business and Quality Assurance Analyst with at least 5 years Functional experience gained in the capital markets industry working for a software vendor a consultancy or a buy- or sell-side financial institution.

Company Profile
Founded in 1997, Calypso Technology is a rapidly growing, profitable, privately-held company which provides leading edge software solutions to the global financial services industry. Our company was built and funded without venture capital investment, is debt-free, cash positive, and well positioned in the competitive marketplace.

Calypso provides a single turn-key Java-based platform for trading and trade processing and provides real-time, event-driven processing that enables global financial institutions to provide integrated solutions across all asset classes, from foreign exchange and equities to fixed income and credit derivatives.

Calypso provides software solutions to many of the premiere financial institutions world-wide including Citigroup, Dresdner Bank, HSBC, ING, Royal Bank of Scotland, Wachovia, Bear Stearns, Sumitomo Trust, BNP Paribas, Barclays Global Investors and Wells Fargo.

In addition to our New York office, our 300+ person global workforce is strategically located in San Francisco (headquarters), London, Paris, Frankfurt, Sydney, Singapore, Tokyo, Johannesburg and South Africa. Our global presence offers international exposure, experience and travel for many of our employment positions. The New York Office is located at 330 Madison Avenue and is easily accessible by the New York City MTA.

Job Description Overview
Calypso Technology is seeking a Front Office Business and Quality Assurance Analyst with at least 5 years Functional experience gained in the capital markets industry working for a software vendor a consultancy or a buy- or sell-side financial institution. This should include support and/or implementation of Front and/or Middle Office Systems for Fixed Income or Derivatives in Interest Rates or Credit. Experience in the Structured Finance products of ABS, MBS, CMOs and/or CDOs would be a significant plus.

Responsibilities

• Work closely with the Product Manager to define testing methods and create and execute a test plan to ensure the quality of new development in adding Structured Finance Fixed Income to the Calypso product. Responsibilities will include testing of Calypso trade capture and analytics as well as integration with commercial Structured Finance deal databases and prepayment and default models.
• Provide customer support for the Fixed Income Front Office build-out.
• Interact directly with users of the Calypso system to gather and document their business requirements, and with the customer project/systems team to implement those requirements. Follow up with the users to test the implementation, achieve signoff, and continue to move the system toward go-live.
• Assist customers in identifying functional gaps in the core front office product, and to create detailed functional specifications for the gaps, and to determine whether those functional enhancements will be implemented by core Calypso development or as custom development by the customer’s own implementation team.
• During the development of enhancements, the business analyst will work with either the Calypso core development or customer development to iteratively test enhancements to ensure they will meet business requirements.
• Responsible for training users on basic use of the system, new functionality, etc.
• Manage the lifecycle of client reported bugs – including replicating, reporting, providing test cases and scheduling for upcoming patches. Work closely with both Product Management and Engineering to ensure inclusion of enhancements requested by clients.

Skills & Requirements:

• 5+ years working in systems or business analysis or quality assurance, preferably in the capital markets industry.
• General Fixed Income knowledge is necessary. Specific knowledge related to mortgage backed securities, asset backed securities, collateralized mortgage obligations and collateralized debt obligations would be considered a significant advantage.
• A basic understanding with the desire to learn more about quantitative analytics related to Fixed Income and Structured Finance is a prerequisite (e.g., cash flow analysis, duration, convexity, total rate of return, prepayment models, default models, Monte Carlo, Option Adjusted Spread).
• Knowledge of Credit Derivatives is not mandatory, but desirable.
• Strong quantitative analysis and problem solving skills.
• An ability and desire to be able to switch from the role or business analyst to quality assurance analyst and to customer support.
• Strong technical skills – even though this is a business position, the candidate must be very “tech savvy” and technically self-sufficient – ability to read code will be highly valued, and experience designing/building front office systems will be especially valuable. Some knowledge of Java or C++ will be very useful.
• Strong ability to map conceptual financial and business elements to practical system capabilities. Should be able to translate front office business requirements into actual system configuration.
• Excellent interpersonal skills. The person in this role will spend significant amounts of time working hands-on educating and training customers, and patience will be a key to success.
• Willingness and ability to travel periodically, as required.
• Previous software company experience will be highly valued. In particular, previous experience with designing, developing and implementing front office systems will be advantageous.
• Must be client driven, have the ability to work within a team environment, and be focused on providing a high quality of service to the client

Benefits
Calypso offers long term career development opportunities, a competitive compensation package, and a comprehensive benefits package. At this time, Calypso covers 100% of the premium costs for health benefits for employees and dependents. Our benefit plan offers medical, dental, vision, life and disability insurance, 401 (k) Plan, Flexible Spending Plans for health, dependent care and transit, company holidays and 3 weeks of paid time off each year (4 weeks after 2 years of service).

Calypso Technology is an equal opportunity employee (EOE) and strongly supports diversity in the workforce.