<p>Project description</p> <p>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</p> <p>Responsibilities</p> <ul> <li>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 </li><li>Deep hands-on experience with Finastra Opics (formerly Misys Opics Plus) across MO and BO modules </li><li>Configuration and understanding of Opics deal entry screens, product processors, and lifecycle event handling </li><li>Knowledge of Opics database schema (Oracle-based): deal tables, position tables, accounting entries, and static data structures </li><li>Understanding of Opics batch processing architecture: EOD cycles, position revaluation, accrual runs, and report generation </li><li>Experience with Opics system administration: user setup, entitlements, product activation, and parameter configuration </li><li>Familiarity with Opics release management, patch application, and environment promotion processes 2. Opics Product Coverage </li><li>FX: spot, forward, swaps, NDF/NDS, FX options (vanilla and barrier) </li><li>Money Market: deposits, loans, CDs, T-Bills, CP, and repo/reverse repo </li><li>Interest Rate Derivatives: IRS, FRAs, caps/floors, cross-currency swaps </li><li>Fixed Income: bonds, floating rate notes, government securities, and MTNs </li><li>Commodities: precious metals spots and forwards where applicable </li><li>Understanding of Opics product processor rules, accrual methods, and maturity/settlement behaviour per product type 3. Current-State Opics Process Documentation </li><li>Documenting end-to-end trade lifecycle workflows within Opics: deal capture, confirmation, settlement instruction generation, and accounting posting </li><li>Mapping of Opics business rules, validation logic, and exception handling procedures to functional specification format </li><li>Documentation of Opics static data: counterparty records, currency/calendar setup, rate codes, and settlement instructions </li><li>Capturing Opics interface inventory: all inbound/outbound feeds, file formats, frequencies, and downstream consumers </li><li>Identification and documentation of Opics customisations, workarounds, and manual processes that deviate from standard functionality 4. Opics Accounting & GL Integration </li><li>Understanding of Opics accounting engine: chart of accounts structure, posting rules, and journal generation per event type </li><li>Documentation of Opics-to-GL mapping including account codes, cost centres, and legal entity breakdowns </li><li>Experience with Opics accrual accounting: interest accruals, premium amortisation, discount/premium on bonds </li><li>Knowledge of Opics revaluation and P&L posting logic for FX, MM, and derivatives positions </li><li>Familiarity with Opics interfaces to downstream accounting systems (SAP, Oracle Financials, or similar) 5. Opics Settlement & Payments </li><li>Knowledge of Opics settlement instruction setup, SSI maintenance, and SWIFT message generation (MT103, MT202, MT300, MT320, MT600) </li><li>Understanding of Opics netting logic for FX and MM settlements </li><li>Documentation of nostro account structure, correspondent banking relationships, and settlement cut-off rules within Opics </li><li>Experience with Opics fails management, manual payment processing, and settlement exception handling 6. Migration Analysis - Opics to Calypso </li><li>Identification and scoping of in-flight trades, open positions, accruals, and balances requiring migration at cutover </li><li>Analysis of Opics data structures and translation into Calypso-compatible formats for trade, position, and static data migration </li><li>Mapping of Opics product types to equivalent Calypso instrument templates and product processors </li><li>Gap analysis between Opics business rules and Calypso standard functionality, with recommendations for configuration or workarounds </li><li>Definition of data quality rules, cleansing requirements, and enrichment needed prior to migration load </li><li>Support for parallel run reconciliation: comparing Opics and Calypso outputs at position, P&L, and accounting levels </li><li>Contribution to cutover runbooks including sequencing of Opics freeze, data migration, Calypso go-live, and fallback procedures 7. Requirements & Functional Specification </li><li>Translating Opics behaviour, lifecycle events, and accounting logic into Calypso functional specifications and user stories </li><li>Producing As-Is / To-Be process maps highlighting delta between Opics and Calypso workflows </li><li>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 8. Integration & Interface Analysis </li><li>Review and documentation of all Opics system integrations: SWIFT, market data feeds, risk systems, GL, and custody platforms </li><li>Functional specification of replacement interfaces in Calypso covering the same downstream consumers </li><li>Support for connectivity testing between Calypso and systems previously integrated with Opics </li><li>Identification of interface gaps where Calypso requires new connectivity not present in the Opics architecture 9. Testing & Parallel Run </li><li>Design and execution of test scenarios covering Opics-equivalent trade scenarios in Calypso </li><li>Reconciliation of Calypso outputs (positions, P&L, accounting entries, SWIFT messages) against Opics during parallel run </li><li>Triage and root-cause analysis of discrepancies between Opics and Calypso during SIT, UAT, and parallel run phases </li><li>Management of defect lifecycle with clear distinction between configuration issues, data issues, and product gaps 10. Knowledge Transfer & Documentation </li><li>Production of Opics functional reference guides for use by Calypso implementation and operations teams </li><li>Documentation of Opics exceptions, legacy workarounds, and known system limitations to inform Calypso design decisions </li><li>Delivery of structured knowledge transfer sessions to project team members unfamiliar with Opics </li><li>Contribution to operational runbooks covering processes that change as a result of the Opics-to-Calypso migration </li></ul> <p>SKILLS</p> <p>Must have</p> <ul> <li>5+ years in capital markets with direct hands-on Opics experience in a BA, implementation, or support capacity </li><li>Strong understanding of FX, MM, and derivatives trade economics, settlement conventions, and accounting treatment </li><li>Ability to write and run SQL queries against the Opics Oracle database for data analysis and migration validation </li><li>Familiarity with Opics flat-file formats and SWIFT message structures generated by Opics </li><li>Experience working in Agile (Scrum/Kanban) delivery frameworks alongside waterfall governance requirements </li><li>Exposure to Calypso is advantageous but not mandatory; willingness to develop Calypso knowledge is essential </li></ul> <p>Nice to have</p> <ul> <li>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 </li></ul>