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 LinkedIn learning solutions

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 advantages and compensation for the position.

An artificial intell

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