Job Description

Application and Development Manager in Capital Markets (Collateral & Calypso)

Role Overview

We are seeking an experienced Senior Business Analyst / Product Owner with strong expertise in Capital Markets and Collateral Management to lead strategic transformation initiatives across Treasury and Investment Banking platforms. The ideal candidate will bring deep functional knowledge in OTC derivatives, Fixed Income, reconciliations, regulatory reporting and Calypso implementations.

This role involves end-to-end ownership of requirement analysis, backlog management, stakeholder engagement and delivery governance across complex banking systems.

Key Responsibilities

Product Ownership & Delivery

• Own and manage product backlog aligned with business roadmap and PI planning.

• Define release scope, prioritize requirements and manage sprint planning.

• Facilitate daily Scrum, SIT and UAT triage calls.

• Define detailed acceptance criteria and ensure business sign-off.

• Publish project status reports, RAID logs and milestone dashboards.

Business Analysis

• Conduct stakeholder workshops to gather and analyze functional and non-functional requirements.

• Perform gap analysis and translate As-Is to To-Be process models.

• Create user stories, epics, BRDs, FSDs and use cases.

• Collaborate with architecture teams on system integration and data flow design.

• Assess upstream and downstream system impacts.

Capital Markets & Collateral Expertise

• Lead initiatives involving:

  • OTC Derivatives and Fixed Income products

  • Trade, position, account and collateral reconciliations

  • Margin call lifecycle (VM/IM)

  • MTM valuations and exposure management

  • Disputes, substitutions and swing limits

  • Custody and clearing processes

  • EMIR / Dodd-Frank regulatory reporting

  • Bi-lateral and Triparty collateral agreements

Calypso & Vendor Platform Configuration

• Configure and support:

  • Workflows and Transfers

  • Messaging and SDIs

  • Back-office setup

  • Accounting rules and postings

  • Task Station and reporting

  • Reference data setup

  • Corporate actions processing

• Support system upgrades and legacy migrations.

• Coordinate testing cycles (SIT/UAT) and manage defect triage.

Stakeholder & Governance

• Act as primary liaison between Business, IT and Vendor teams.

• Lead cross-functional workshops and executive review sessions.

• Provide production support and user guidance.

• Ensure compliance with regulatory and audit requirements.

Required Skills & Experience

• 15+ years IT experience with 10+ years in Investment Banking / Capital Markets.

• Strong hands-on experience in Collateral Management platforms.

• Extensive experience with Calypso (v14/v16 preferred).

• Experience in SWIFT reconciliations and settlement workflows.

• Exposure to Transcend, SmartStream TLM, Acadia or similar collateral systems.

• Experience working in Agile and Waterfall environments.

• Strong stakeholder communication and leadership skills.

Technical Skills

• PL/SQL, Oracle, SQL Server

• Basic Java / Unix scripting

• JIRA / Confluence

• ReactJS (exposure)

• Cloud & API-based integration (preferred)

Certifications (Preferred)

• Certified Scrum Product Owner (CSPO)

• Certified Scrum Master (CSM)

• IIBA Agile Analysis Certification (AAC)