Equity Derivatives Operations BA (Calypso)

G MASS Consulting is working with a leading global financial services organisation to identify an experienced Total Return Swaps and Equity Swaps Operations SME to support the establishment and ongoing operation of a new in-house TRS capability.

This is an initial six month contract engagement, with the possibility of a permanent opportunity for the right candidate.

The Role

As TRS / Equity Swaps Operations SME, you will combine business analysis and process design skills with deep operational expertise to help stand up and then run an in-house TRS capability from the ground up.

You will work closely with operations, technology, and business stakeholders - including an external managed service BA - to ensure TRS processes are designed effectively, implemented successfully within Calypso, and supported operationally on an ongoing basis.

The expectation is that you will be 5 days a week in the office.

Responsibilities:

Helping establish and operationalise an in-house TRS and equity swaps operations function

Defining the target operating model, workflows, controls, and governance required to support TRS activity

Translating business requirements into practical operational processes within the Calypso environment

Working with technology teams and the external managed service provider to ensure the platform supports operational needs

Creating and maintaining operating procedures, process documentation, and control frameworks

Providing SME expertise across the full TRS and equity swaps lifecycle, including trade capture, settlements, lifecycle events, reconciliations, cash flows, collateral, and exception management

Supporting the transition away from the current outsourced model

Taking ownership of BAU TRS operations once established, ensuring processes run effectively and issues are managed appropriately

Acting as the point of expertise for operational queries, process improvements, and ongoing enhancements

Requirements

Strong experience within Total Return Swaps and/or Equity Swaps Operations

Proven experience managing or supporting BAU TRS or equity swaps operations

Demonstrated ability to design and document operational processes and workflows

Hands-on experience working with Calypso

Strong understanding of front-to-back derivatives processes

Ability to work across business and technology teams

A practical, delivery-focused mindset with the ability to move between process design and hands-on execution

Benefits

Initial 6-month contract, with view for further extension.

Salary to be discussed.