Calypso Functional Subject Matter Expert (SME)

• Salary: 80k per annum, role based in London
• 8+ years of experience in Capital Markets
• 4+ years of experience in Calypso (v15 or later).

Location: London, UK
Experience: 7 to 10 Years
Job Title: Calypso Functional SME – Fixed Income (FI), Foreign Exchange (FX) & Money Market (MM)
Employment Type: Full-time
Domain: Capital Markets / Investment Banking

Job Summary:
The ideal candidate will possess strong domain expertise in Fixed Income (FI), Foreign Exchange (FX), and Money Market (MM) instruments, with deep hands-on experience in Calypso v15 or higher. You will play a critical role in requirement gathering, system configuration, functional testing, and supporting business stakeholders across front-to-back office operations.

Key Responsibilities:

• Act as a Subject Matter Expert (SME) in Calypso for FI, FX, and MM products.
• Work closely with traders, risk, and operations teams to understand and document business requirements.
• Configure Calypso system as per functional needs including trade capture, lifecycle management, and settlements.
• Provide functional support for Calypso implementation, upgrades, and BAU enhancements.
• Conduct functional testing, UAT support, and assist QA teams in defining test cases.
• Coordinate with development teams for any required customizations or integration points.
• Support interfaces and workflows with upstream/downstream systems like Murex, Bloomberg, Reuters, Markit, etc.
• Ensure compliance with internal controls and regulatory requirements (MiFID II, EMIR, etc.).
• Provide training and guidance to users and junior team members.

Required Skills & Experience:

• 8+ years of experience in Capital Markets with at least 4+ years of experience in Calypso (v15 or later).
• Strong functional knowledge of Fixed Income (FI), Foreign Exchange (FX), and Money Market (MM) instruments and trade lifecycle.
• Experience in Calypso Trade Workflows, Trade Capture, Settlement, Confirmations, Collateral Management, and Risk modules.
• Familiarity with Calypso BO configuration, Event Templates, Task Station, and Accounting Rules.
• Excellent understanding of Front to Back trade flows and STP processes.
• Good knowledge of industry-standard messaging (SWIFT, FpML).
• Ability to write detailed functional specifications and test cases.
• Exposure to Agile delivery methodologies.

Preferred Qualifications:

• Experience working with Calypso APIs, integration with other trading and risk systems.
• Prior experience in Calypso to Cloud migration or system upgrades.
• Knowledge of scripting (SQL, Python) for data analysis and troubleshooting.
• Strong communication and stakeholder management skills.

Certifications (Good to Have):

• Calypso Certification
• ITIL Foundation
• Capital Markets certifications (CFA Level 1, NISM, etc.)