Senior Opics Business Analyst

• Project Description:

  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: 00 USD Gross per year based on your interview results.

  
  Salary for other locations dependent on experience and market standards
• Responsibilities:

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

  5 years in capital markets with direct hands-on Opics experience in a BA, implementation, or support capacity
  Strong understanding of FX, MM, and derivatives trade economics, settlement conventions, and accounting treatment
  Ability to write and run SQL queries against the Opics Oracle database for data analysis and migration validation
  Familiarity with Opics flat-file formats and SWIFT message structures generated by Opics
  Experience working in Agile (Scrum/Kanban) delivery frameworks alongside waterfall governance requirements
  Exposure to Calypso is advantageous but not mandatory; willingness to develop Calypso knowledge is essential
• Nice-to-Have Skills Description:

  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

Salary : $140,000 - $200,000