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 are looking for an experienced Calypso Risk Business Analyst to join a high-performing team supporting key risk and collateral initiatives. This is an excellent opportunity for a Business Analyst with strong functional expertise in Calypso Risk who enjoys working in a complex financial market environment.
The successful candidate will play a key role in delivering risk-focused solutions, collaborating with stakeholders to analyze business requirements, support system enhancements, and ensure the successful implementation of business and technology initiatives.
Please note: This role is based in Sweden, and candidates must be willing to relocate.
Responsibilities
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Gather, analyze and document business and functional requirements for Calypso Risk initiatives
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Work closely with business stakeholders and technical teams to deliver effective risk solutions
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Support the design, testing and implementation of enhancements within the Calypso platform
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Provide functional expertise across risk-related workstreams including Market Risk, Counterparty Credit Risk/XVA and Collateral Management
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Collaborate with project teams to align solutions with business objectives and regulatory requirements
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Contribute to credit limit and compliance monitoring including exposure aggregation and breach reporting
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Assist with clearing and novation workflows for cleared OTC and listed derivatives
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Participate in regulatory and capital reporting activities including backtesting submissions
Requirements
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5+ years of experience as a Business Analyst on Calypso Risk projects
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Knowledge of the Calypso platform within a risk management environment including Market Risk, Counterparty Credit Risk/XVA and Collateral modules
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Familiarity with the Compliance/Limits module, static data configuration and market data/curve management
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Understanding of trade capture/booking modules, scenario/stress testing tools and reporting dashboards such as Calypso Intelligence
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Skills in stakeholder management and requirements gathering
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Strong analytical and problem-solving abilities
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Flexibility to relocate to Sweden
Nice to have
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Background in Collateral Management processes
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Exposure to Eurex
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Understanding of collateral workflows and post-trade processes within capital markets
We offer
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Extensive Private Healthcare Package
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Pension
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Employee Assistance Programme
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Employee Referral Bonus Scheme
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Diversity Networks
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Access to a range of skills and certifications
