G MASS

Lead Business Analyst - Calypso Equity Swaps

Business AnalysisPosted on Nov 11

Full-timeNew York, NY, USANo salary listed

About the Job

Requirements

At least 8 years of experience across equity swaps operations and business analysis, including at least one significant Calypso implementation or migration.
Hands-on Calypso functional experience with equity swaps, including equity-linked or portfolio swaps, total return swaps, or contracts for difference.
Strong knowledge of the equity swap lifecycle, including resets, financing accruals, notional changes, dividends, corporate actions, and collateral.
Experience with at least one migration from an outsourced service or legacy platform, including data migration and a parallel run.
Experience designing and evidencing controls in a SOX or equivalent environment.
A track record of challenging a vendor or implementation partner with evidence and holding a position with demanding business stakeholders.
Excellent written analysis across requirements, process maps, control descriptions, and procedures.

Responsibilities

Document the current outsourced service, including its spreadsheet and Visual Basic for Applications logic, in a form owned by the firm.
Work with senior business stakeholders to determine which activities will be run in-house after the move and design the procedures for each.
Write and maintain requirements for single-name and basket swaps, and control changing scope through a clear change process.
Review the implementation partner’s designs, estimates, and change requests, and challenge them with evidence where they fall short of requirements or standard Calypso practice.
Validate the full equity swap lifecycle in Calypso, from trade setup and resets through collateral, settlement, and accounting.
Design and run data migration, reconcile migrated data, and conduct the parallel run.
Lead user acceptance testing with the business and assemble the evidence and sign-off pack for auditors.
Build the risk and control matrix, retire the spreadsheet as a control, and assign vendor-required controls to named internal owners.

Desired Qualifications

Experience in synthetic prime brokerage or acting as a swap counterparty to funds or ETF issuers.
Experience with US regulatory reporting for security-based swaps.
Calypso configuration literacy covering static data, workflows, scheduled tasks, accounting rules, and data uploads, without being a developer.
Experience replacing spreadsheet tools with controlled system processes.
SQL or Python skills for reconciliation and data checks.

Lead Business Analyst, Calypso Equity Swaps

G MASS · New York, United States · Contract · Posted 2026-11-11

Workplace: on_site

Description

G MASS are working with a global financial services firm is moving its equity swap business off an outsourced service and onto its own Calypso SaaS environment. They are looking for a senior business analyst to lead the analysis end to end, act as the firm’s expert voice opposite the implementation partner, and hand over a documented, SOX-compliant operating model that the BAU team can run and build on.

The role is office-based in New York five days a week, engaged through G MASS on contract, with a route to a permanent position.

What you’ll be doing

Documenting exactly what the current outsourced service delivers, including the spreadsheet and VBA logic behind it, and capturing it in a form the firm owns.
Working with senior business stakeholders to agree which activities will be run in-house after the move, then designing the procedures for each.
Writing and maintaining requirements for single-name and basket swaps, and keeping a frequently shifting scope under control through a clear change process.
Reviewing the implementation partner’s designs, estimates and change requests, and putting forward evidenced challenge where they fall short of the requirement or standard Calypso practice.
Validating the full equity swap lifecycle in Calypso, from trade setup and resets through to collateral, settlement and accounting.
Designing and running data migration, reconciliation of migrated data and the parallel run.
Leading UAT with the business and assembling the evidence and sign-off pack that auditors will rely on.
Building the risk and control matrix, retiring the spreadsheet as a control, and assigning any vendor-required controls to named internal owners.

Requirements

8+ years across equity swaps operations and business analysis, including at least one significant Calypso implementation or migration.
Hands-on Calypso functional experience with equity swaps (equity-linked or portfolio swaps), TRS or CFDs.
Strong knowledge of the equity swap lifecycle, covering resets, financing accruals, notional changes, dividends, corporate actions and collateral.
At least one migration from an outsourced service or legacy platform, including data migration and a parallel run.
Experience designing and evidencing controls in a SOX or equivalent environment.
A track record of challenging a vendor or implementation partner with evidence, and the confidence to hold a position with demanding business stakeholders.
Excellent written analysis across requirements, process maps, control descriptions and procedures.

Nice to have

Synthetic prime brokerage, or experience acting as swap counterparty to funds or ETF issuers.
US regulatory reporting for security-based swaps.
Calypso configuration literacy (static data, workflows, scheduled tasks, accounting rules, data uploads) without being a developer.
Experience replacing spreadsheet tools with controlled system processes.
SQL or Python for reconciliation and data checks.

Benefits

Location: New York, in the office five days a week by default

Engagement: Contract through G MASS on an initial six month basis. Option to convert to a permanent role.

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About the Company

G MASS

Company size: Not listed
Company stage: Not listed
Total funding: Not listed
Headquarters: Not listed
Founded: Not listed

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