Calypso Functional QA

About the Position

We are seeking a Senior Quality Analyst to join our client, a leading Australian financial institution, as a key contributor to the Test analysis, design, and Test Execution of their OTC derivative clearing platform. You will be part of the functional quality assurance team of the Calypso platform, focusing on end-to-end testing of IRD, Fixed Income asset classes including trade lifecycle validation, settlements, EOD Batch across functional, regression, and release testing, in close partnership with BA, development, platform, and operations teams.

Responsibilities

• Design, execute, and maintain functional, regression, and UAT test cases for Calypso.
• Validate end-to-end trade lifecycle for Interest Rate, Fixed Income products covering Trade capture, lifecycle events, novations, terminations, and clearing flows.
• Automate trade booking and re-booking to validate trade workflows, including trade migration and data integrity checks.
• Validate static data, market data inputs, pricing, and valuation impacts.
• Test EOD and scheduled-task processing; verify outputs, reports, and extracts.
• Reconcile trades, positions, and reports between Calypso and upstream/downstream systems.
• Raise clear, evidence-based defects and drive triage through to closure.
• Build and run automated regression packs using CATT where applicable.
• Support test planning, change-request coverage, test summary reports, and release sign-off.
• Work with platform engineering on testing Calypso cloud migration.

Requirements

• Must have:

  • 5 to 10 years overall QA/testing experience in capital markets with 2 to 3 years’ experience on Calypso.
  • Strong hands-on functional/configuration knowledge of the Calypso platform.
  • Hands-on testing experience in Swaps (IRS/OIS/CCS), Bond, Repo products.
  • Proven ability to understand, validate, and test end-to-end trade lifecycle within Calypso.
  • Good knowledge on various Calypso objects like Workflows, Filters, Report Templates, and Task Station.
  • Test market data setup including curves, quotes, feeds, and validate their impact on pricing, P&L, and reports.
  • Experienced in testing schedule tasks, batch execution from scheduling tools like Control-M.
  • Hands-on with trade, position, and cash/security reconciliation between Calypso and downstream/related systems.
  • Solid test design, execution, and defect management in release-driven cycles.
  • Ability to analyze test failures and reconciliation breaks to root cause.

• Nice to have:

  • Exposure to CATT (Calypso Automated Testing Tool).
  • Experience with AWS Cloud, Database migration, and Calypso version upgrades.
  • OTC clearing/CCP domain knowledge.
  • Linux/Unix skills for logs, files, processes, and job troubleshooting.
  • Jenkins experience for CI/CD, regression, and batch job execution/monitoring.
  • Market data knowledge covering curves, FX, bonds, credit spreads, and feeds.
  • Domain knowledge of Fixed Income, Derivatives, Backoffice, pricing, P&L, CSA/collateral, and trade reconciliation.
  • Experience with regression comparison tools, CSV/file-diff utilities, or Calypso QA automation.
  • Exposure to related platforms/interfaces such as MarkitWire, Bloomberg.

We Offer

• Competitive salary
• Opportunity to work with a leading Australian financial institution
• Collaborative and dynamic work environment

About the Company

DXC Luxoft is a global technology services company that specializes in delivering innovative solutions to clients in the financial services industry. We are committed to excellence and are looking for passionate professionals to join our team.

Apply Now

Interested candidates are encouraged to apply for the Calypso Functional QA position in Bengaluru, India.

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