First Derivative is driven by people, data, and technology, unlocking the value of insight, hindsight, and foresight to drive organizations forward.

Counting many of the world's leading investment banks as clients, we help our clients navigate the data-driven, digital revolution that is transforming the financial services sector.

Our global teams span across 15 offices serving clients across EMEA, North America and APAC.

As an EPAM Systems, Inc. (NYSE: EPAM) company, a leading global provider of digital platform engineering and development services, we deliver advanced financial services solutions by empowering operational insights, driving innovation, and enabling more effective risk management in an increasingly data-centric world.

Together with EPAM, we combine deep industry expertise with cutting-edge technology to help clients stay ahead in a rapidly evolving financial landscape, offering comprehensive solutions that drive business transformation and sustainable growth.

We're looking for a
**Mid-level Calypso Business Analyst**
to join our team in a hybrid working mode.

In this role, you will work at the intersection of technology and business, supporting a global financial institution with its front-to-back Calypso implementation and collateral/liquidity management processes.

This is a consulting-driven position where you’ll partner with client stakeholders, gather functional requirements, and deliver strategic solutions to enhance clearing operations and regulatory compliance.

As part of a highly skilled project team, you will leverage your Calypso expertise to optimize derivative trading workflows and ensure seamless trade lifecycle management, adding measurable value to core business functions.
_The recruiting efforts for this position are intended to fill a role and/or skillset for which EPAM has a regular need.

There may or may not be a specific, existing vacancy at this time._
**Responsibilities**
Deliver change initiatives to the Calypso-based collateral and liquidity management platform
Partner with client stakeholders to capture, validate, and document business requirements
Translate user stories into functional specifications for development and QA teams
Manage the end-to-end delivery cycle from analysis to implementation and post-implementation validation
Develop and execute User Acceptance Testing (UAT) and regression testing plans
Facilitate workshops with front, middle, and back-office teams to improve processes
Provide clarification and guidance on functional queries for the development team
Drive compliance with regulatory and market-driven changes
**Requirements**
5 years of experience as a Business Analyst on Calypso platforms
Strong understanding of derivatives products and trade lifecycle management




Solid knowledge of collateral lifecycle processes and clearing workflows
Experience in Agile or hybrid delivery models with tools like JIRA
Excellent communication skills and ability to engage with senior stakeholders
Proven ability to produce clear requirements documentation and test cases
**Nice to have**
Experience with tri-party collateral arrangements and collateral optimization strategies
Familiarity with clearing house operations and settlement processes
Understanding of EMIR, Dodd-Frank, or similar regulatory reporting frameworks
Previous consulting experience in capital markets technology transformation
**We offer**
Extended Healthcare with Prescription Drugs, Dental and Vision, and Healthcare Spending Account (Company Paid)
Life and AD&D; Insurance (Company Paid)
Employee Assistance Program (Company Paid)
Telehealth (Company Paid)
Short-term Disability (Company Paid)
Long-Term Disability
Paid Time Off (including vacation and sick days)
Registered Retirement Savings Plan (RRSP) with Company match
Maternity/Parental/Adoption Leave Top-up
Employee Stock Purchase Program
Critical Illness Insurance
Employee Discounts
Unlimited access to Linked

In learning solutions
EPAM is a leading global provider of digital platform engineering and development services.

We are committed to having a positive impact on our clients, our employees, and our communities.

We embrace a dynamic and inclusive culture.

Here you will collaborate with multi-national teams, contribute to a myriad of innovative projects that deliver the most creative and cutting-edge solutions, and have an chance to continuously learn and grow.

No matter where you are located, you will join a dedicated, creative, and diverse community that will help you discover your fullest potential.

Engineer the Future with a Career at EPAM (https://www.youtube.com/embed/NU_mnNITn2o?si=IiCxyQ4sr1YJWxDG)
This posting includes a salary range EPAM Canada would reasonably expect to pay the selected candidate.

Individual compensation offers within the range are based on a variety of factors, including, but not limited to, experience, credentials, education, training, the demand for the role, skillset, and overall business and local labour market considerations.

Most candidates are hired at a salary within the range disclosed.

Salary range: CA$80,000-CA$155,000.

In addition,



the details highlighted in this job posting above are a general description of all other expected benefits and compensation for the position.
EPAM Canada welcomes and encourages applications from candidates with disabilities.

Please contact WFA Human Resource CA
[email protected]
if you have questions in this regard, or if you require an accommodation to complete the application process.

Click here
(https://www.epam.com/careers/locations/canada) to review EPAM’s Accessibility for Ontarians with Disabilities Accessibility Policies and Multi-Year Access.

An artificial intelligence system is software that is developed with one or more techniques that can, for a given set of human-defined objectives, using algorithmic information processing, generate outputs such as content, predictions, recommendations, or decisions with varying levels of autonomy (“AI”).

Tasks that humans have traditionally done by thinking and reasoning are increasingly being done by, or with the help of, AI to help create efficiencies.EPAM may use AI during the recruitment process, in connection with collecting or processing your personal data.

Some (non-exhaustive) examples of tasks that EPAM may use AI for include conducting initial screening, creating transcripts of interviews, and assessing applications/CVs against defined job description criteria to make suggestions to the individuals evaluating your candidacy.

Your personal data and the results of any processing are not shared with AI applications outside of EPAM infrastructure.

While EPAM may use AI to help create efficiencies during the recruitment process, EPAM does not use AI to make hiring decisions, which is done by EPAM Talent Acquisition and management.
EPAM Systems, Inc. is an equal opportunity employer.

We recognize the value of diversity and inclusion in creating success for our customers, business partners, shareholders, employees and communities.

We are committed to recruiting, hiring, developing and promoting employees without discrimination.

As a global employer, this commitment includes complying with all laws in the countries in which we operate.

Nevertheless, we believe equal employment practices should not be limited to what the law requires.

Equal opportunity and inclusion are essential to motivate, empower and recognize the best in everyone.

At EPAM, employment actions are based on individual qualifications, without regard to race, color, religion, creed, gender, pregnancy status, sexual orientation, gender identity, gender expression, marital or familial status, national origin, ancestry, genetics, age, disability status, veteran status, citizenship status when otherwise legally able to work, or any other characteristic protected by law.

📌 Mid-level Calypso Business Analyst (Toronto)
🏢 EPAM Systems
📍 Toronto