Senior Calypso Opics Business Analyst
Luxoft, New York, NY, United States
Project description
Luxoft has one of the world's leading Calypso practice. We are a top-tier Calypso Partner and a market leader in implementation, integration, upgrade, and migration. We provide end-to-end project services and have delivered Calypso projects across all major asset classes and sectors including investment banking, asset management, corporate treasury, and insurance. Project Description: Implementation on existing Calypso instance; migration from Opics. Compensation for NYC: 140000-200000 USD Gross per year based on your interview results. Salary for other locations dependent on experience and market standards
Responsibilities
Role Summary: Senior Business Analyst with deep Finastra Opics expertise supporting a migration from Opics to Calypso. The candidate will bridge legacy Opics functionality with Calypso target-state design, covering FX, MM, derivatives, settlement, accounting, and reporting. 1. Opics Platform – Core Functional Knowledge
Deep hands‑on experience with Finastra Opics (formerly Misys Opics Plus) across MO and BO modules
Configuration and understanding of Opics deal entry screens, product processors, and lifecycle event handling
Knowledge of Opics database schema (Oracle-based): deal tables, position tables, accounting entries, and static data structures
Understanding of Opics batch processing architecture: EOD cycles, position revaluation, accrual runs, and report generation
Experience with Opics system administration: user setup, entitlements, product activation, and parameter configuration
Familiarity with Opics release management, patch application, and environment promotion processes 2. Opics Product Coverage
FX: spot, forward, swaps, NDF/NDS, FX options (vanilla and barrier)
Money Market: deposits, loans, CDs, T‑Bills, CP, and repo/reverse repo
Interest Rate Derivatives: IRS, FRAs, caps/floors, cross‑currency swaps
Fixed Income: bonds, floating rate notes, government securities, and MTNs
Commodities: precious metals spots and forwards where applicable
Understanding of Opics product processor rules, accrual methods, and maturity/settlement behaviour per product type 3. Current‑State Opics Process Documentation
Documenting end‑to‑end trade lifecycle workflows within Opics: deal capture, confirmation, settlement instruction generation, and accounting posting
Mapping of Opics business rules, validation logic, and exception handling procedures to functional specification format
Documentation of Opics static data: counterparty records, currency/calendar setup, rate codes, and settlement instructions
Capturing Opics interface inventory: all inbound/outbound feeds, file formats, frequencies, and downstream consumers
Identification and documentation of Opics customisations, workarounds, and manual processes that deviate from standard functionality 4. Opics Accounting & GL Integration
Understanding of Opics accounting engine: chart of accounts structure, posting rules, and journal generation per event type
Documentation of Opics‑to‑GL mapping including account codes, cost centres, and legal entity breakdowns
Experience with Opics accrual accounting: interest accruals, premium amortisation, discount/premium on bonds
Knowledge of Opics revaluation and P&L posting logic for FX, MM, and derivatives positions
Familiarity with Opics interfaces to downstream accounting systems (SAP, Oracle Financials, or similar)
Opics Settlement & Payments – Knowledge of Opics settlement instruction setup, SSI maintenance, and SWIFT message generation (MT103, MT202, MT300, MT320, MT600)
Understanding of Opics netting logic for FX and MM settlements
Documentation of nostro account structure, correspondent banking relationships, and settlement cut‑off rules within Opics
Experience with Opics fails management, manual payment processing, and settlement exception handling 5. Migration Analysis – Opics to Calypso
Identification and scoping of in‑flight trades, open positions, accruals, and balances requiring migration at cutover
Analysis of Opics data structures and translation into Calypso‑compatible formats for trade, position, and static data migration
Mapping of Opics product types to equivalent Calypso instrument templates and product processors
Gap analysis between Opics business rules and Calypso standard functionality, with recommendations for configuration or workarounds
Definition of data quality rules, cleansing requirements, and enrichment needed prior to migration load
Support for parallel run reconciliation: comparing Opics and Calypso outputs at position, P&L, and accounting levels
Contribution to cutover runbooks including sequencing of Opics freeze, data migration, Calypso go‑live, and fallback procedures 6. Requirements & Functional Specification
Translating Opics behaviour, lifecycle events, and accounting logic into Calypso functional specifications and user stories
Producing As‑Is / To‑Be process maps highlighting delta between Opics and Calypso workflows
Writing acceptance criteria aligned to Opics business rules for use in Calypso SIT and UAT test scripts Facilitating workshops with SMEs from trading, operations, finance, and IT to validate Opics‑to‑Calypso mapping decisions 7. Integration & Interface Analysis
Review and documentation of all Opics system integrations: SWIFT, market data feeds, risk systems, GL, and custody platforms
Functional specification of replacement interfaces in Calypso covering the same downstream consumers
Support for connectivity testing between Calypso and systems previously integrated with Opics
Identification of interface gaps where Calypso requires new connectivity not present in the Opics architecture 8. Testing & Parallel Run
Design and execution of test scenarios covering Opics‑equivalent trade scenarios in Calypso
Reconciliation of Calypso outputs (positions, P&L, accounting entries, SWIFT messages) against Opics during parallel run
Triage and root‑cause analysis of discrepancies between Opics and Calypso during SIT, UAT, and parallel run phases
Management of defect lifecycle with clear distinction between configuration issues, data issues, and product gaps 9. Knowledge Transfer & Documentation
Production of Opics functional reference guides for use by Calypso implementation and operations teams
Documentation of Opics exceptions, legacy workarounds, and known system limitations to inform Calypso design decisions
Delivery of structured knowledge transfer sessions to project team members unfamiliar with Opics
Contribution to operational runbooks covering processes that change as a result of the Opics‑to‑Calypso migration
SKILLS Must have
5+ years in capital markets with direct hands‑on Opics experience in a BA, implementation, or support capacity
Strong understanding of FX, MM, and derivatives trade economics, settlement conventions, and accounting treatment
Ability to write and run SQL queries against the Opics Oracle database for data analysis and migration validation
Familiarity with Opics flat‑file formats and SWIFT message structures generated by Opics
Experience working in Agile (Scrum/Kanban) delivery frameworks alongside waterfall governance requirements
Exposure to Calypso is advantageous but not mandatory; willingness to develop Calypso knowledge is essential
Nice to have
Ability to work under pressure in a fast‑paced environment is essential.
Have a willingness to learn new skills
Must have attention to detail
Must have the ability to work independently and also as part of a group
Experience of Agile practices and processes (e.g. SCRUM, KANBAN)
Any technical knowledge (Writing simple sql query, be able to read code)
Conflict management ensuring collaborative outcomes
Excellent attention to detail and accuracy
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Responsibilities
Role Summary: Senior Business Analyst with deep Finastra Opics expertise supporting a migration from Opics to Calypso. The candidate will bridge legacy Opics functionality with Calypso target-state design, covering FX, MM, derivatives, settlement, accounting, and reporting. 1. Opics Platform – Core Functional Knowledge
Deep hands‑on experience with Finastra Opics (formerly Misys Opics Plus) across MO and BO modules
Configuration and understanding of Opics deal entry screens, product processors, and lifecycle event handling
Knowledge of Opics database schema (Oracle-based): deal tables, position tables, accounting entries, and static data structures
Understanding of Opics batch processing architecture: EOD cycles, position revaluation, accrual runs, and report generation
Experience with Opics system administration: user setup, entitlements, product activation, and parameter configuration
Familiarity with Opics release management, patch application, and environment promotion processes 2. Opics Product Coverage
FX: spot, forward, swaps, NDF/NDS, FX options (vanilla and barrier)
Money Market: deposits, loans, CDs, T‑Bills, CP, and repo/reverse repo
Interest Rate Derivatives: IRS, FRAs, caps/floors, cross‑currency swaps
Fixed Income: bonds, floating rate notes, government securities, and MTNs
Commodities: precious metals spots and forwards where applicable
Understanding of Opics product processor rules, accrual methods, and maturity/settlement behaviour per product type 3. Current‑State Opics Process Documentation
Documenting end‑to‑end trade lifecycle workflows within Opics: deal capture, confirmation, settlement instruction generation, and accounting posting
Mapping of Opics business rules, validation logic, and exception handling procedures to functional specification format
Documentation of Opics static data: counterparty records, currency/calendar setup, rate codes, and settlement instructions
Capturing Opics interface inventory: all inbound/outbound feeds, file formats, frequencies, and downstream consumers
Identification and documentation of Opics customisations, workarounds, and manual processes that deviate from standard functionality 4. Opics Accounting & GL Integration
Understanding of Opics accounting engine: chart of accounts structure, posting rules, and journal generation per event type
Documentation of Opics‑to‑GL mapping including account codes, cost centres, and legal entity breakdowns
Experience with Opics accrual accounting: interest accruals, premium amortisation, discount/premium on bonds
Knowledge of Opics revaluation and P&L posting logic for FX, MM, and derivatives positions
Familiarity with Opics interfaces to downstream accounting systems (SAP, Oracle Financials, or similar)
Opics Settlement & Payments – Knowledge of Opics settlement instruction setup, SSI maintenance, and SWIFT message generation (MT103, MT202, MT300, MT320, MT600)
Understanding of Opics netting logic for FX and MM settlements
Documentation of nostro account structure, correspondent banking relationships, and settlement cut‑off rules within Opics
Experience with Opics fails management, manual payment processing, and settlement exception handling 5. Migration Analysis – Opics to Calypso
Identification and scoping of in‑flight trades, open positions, accruals, and balances requiring migration at cutover
Analysis of Opics data structures and translation into Calypso‑compatible formats for trade, position, and static data migration
Mapping of Opics product types to equivalent Calypso instrument templates and product processors
Gap analysis between Opics business rules and Calypso standard functionality, with recommendations for configuration or workarounds
Definition of data quality rules, cleansing requirements, and enrichment needed prior to migration load
Support for parallel run reconciliation: comparing Opics and Calypso outputs at position, P&L, and accounting levels
Contribution to cutover runbooks including sequencing of Opics freeze, data migration, Calypso go‑live, and fallback procedures 6. Requirements & Functional Specification
Translating Opics behaviour, lifecycle events, and accounting logic into Calypso functional specifications and user stories
Producing As‑Is / To‑Be process maps highlighting delta between Opics and Calypso workflows
Writing acceptance criteria aligned to Opics business rules for use in Calypso SIT and UAT test scripts Facilitating workshops with SMEs from trading, operations, finance, and IT to validate Opics‑to‑Calypso mapping decisions 7. Integration & Interface Analysis
Review and documentation of all Opics system integrations: SWIFT, market data feeds, risk systems, GL, and custody platforms
Functional specification of replacement interfaces in Calypso covering the same downstream consumers
Support for connectivity testing between Calypso and systems previously integrated with Opics
Identification of interface gaps where Calypso requires new connectivity not present in the Opics architecture 8. Testing & Parallel Run
Design and execution of test scenarios covering Opics‑equivalent trade scenarios in Calypso
Reconciliation of Calypso outputs (positions, P&L, accounting entries, SWIFT messages) against Opics during parallel run
Triage and root‑cause analysis of discrepancies between Opics and Calypso during SIT, UAT, and parallel run phases
Management of defect lifecycle with clear distinction between configuration issues, data issues, and product gaps 9. Knowledge Transfer & Documentation
Production of Opics functional reference guides for use by Calypso implementation and operations teams
Documentation of Opics exceptions, legacy workarounds, and known system limitations to inform Calypso design decisions
Delivery of structured knowledge transfer sessions to project team members unfamiliar with Opics
Contribution to operational runbooks covering processes that change as a result of the Opics‑to‑Calypso migration
SKILLS Must have
5+ years in capital markets with direct hands‑on Opics experience in a BA, implementation, or support capacity
Strong understanding of FX, MM, and derivatives trade economics, settlement conventions, and accounting treatment
Ability to write and run SQL queries against the Opics Oracle database for data analysis and migration validation
Familiarity with Opics flat‑file formats and SWIFT message structures generated by Opics
Experience working in Agile (Scrum/Kanban) delivery frameworks alongside waterfall governance requirements
Exposure to Calypso is advantageous but not mandatory; willingness to develop Calypso knowledge is essential
Nice to have
Ability to work under pressure in a fast‑paced environment is essential.
Have a willingness to learn new skills
Must have attention to detail
Must have the ability to work independently and also as part of a group
Experience of Agile practices and processes (e.g. SCRUM, KANBAN)
Any technical knowledge (Writing simple sql query, be able to read code)
Conflict management ensuring collaborative outcomes
Excellent attention to detail and accuracy
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