Functional Business Analyst/Quality Assurance Analyst - Calypso/Derivatives
Full-TimePosted on 2/27/2026
No salary listed
Mid, Senior
Chicago, IL, USA
In Person
Business & StrategyBusiness Analysis
About the job
Requirements
Five to seven years of experience working with over-the-counter and exchange-traded derivatives, including trade management and reporting processes.
In-depth knowledge of product structures for interest rate, foreign exchange, credit, and other asset classes.
In-depth knowledge of over-the-counter and exchange-traded derivatives trade lifecycles, including unwinds and novations, as well as market participants and processes such as affirmations, confirmations, and clearing.
Experience with Calypso for interest rate, credit, and foreign exchange products; experience with Murex or Summit may be considered as alternatives.
Understanding of static and reference data setup, trade capture, workflow configurations, and report configurations.
Experience defining and executing functional test cases focused on critical business requirements.
Basic understanding of XML and relational data organization, including basic SQL.
Knowledge of the software development lifecycle and involvement in full-lifecycle projects.
Experience using JIRA and requirement and bug-management systems.
Ability to communicate effectively with business users and IT management.
Experience working in a global team environment and understanding the implications of remote development and business teams.
Desired Qualifications
Experience with Calypso for interest rate, credit, and foreign exchange products is highly desirable; experience with Murex or Summit may be considered as an alternative.
Knowledge of Dodd-Frank-related reporting requirements is highly desirable.
Knowledge of Financial Information eXchange (FIX) specifications would be an advantage.
Job Description
Functional BA/QA Profile
1. Experience of 5 – 7 years of working in OTC/Exchange derivatives, with exposure to trade management & reporting processes 2. Should have in depth knowledge of product structures for various asset classes like IR, FX, Credit etc. 3. Should have in depth knowledge of OTC and Exchanged traded derivatives trade life cycle and trade events like unwind, novations etc. and typical market participants and related processes like affirmations, confirmations, clearing etc. 4. Experience on Calypso (IR, Credit & FX) is highly desirable, if not then experience on similar systems like Murex, Summit can be considered. Experience should include understanding of static/reference data setup, trade capture, workflow configurations, report configurations etc. 5. Knowledge of Dodd Frank related reporting requirements would be highly desirable 6. Should have extensive experience on defining and executing functional test cases, with focus on critical business requirements 7. Should have basic understanding of XML, knowledge of FPML and FIX specifications would be of added advantage 8. Understanding of relational data organization and basic SQL 9. Knowledge of Software development Life cycle – basically someone who has been involved in full life cycle projects 10. Use of JIRA / requirement and bug management systems 11. Skills and confidence to communicate effectively with business users and IT management 12. Has worked in a global team environment and understands the implications of remote development / business teams