Calypso Test

The Calypso test is a detailed assessment tool created to measure a candidate's expertise with the Calypso software, a top solution in the financial sector for handling intricate trading activities and risk management. This exam thoroughly covers vital skills crucial for proficient trade lifecycle management, risk analysis, back-office functions, and adherence to regulations. Its applicability extends across financial domains such as banking, asset management, and insurance, offering a consistent benchmark of competence for roles requiring in-depth financial system knowledge.

Trade Lifecycle Management is a key area tested, emphasizing a candidate's capability to oversee all stages of trades within Calypso. This includes trade capture, validation, settlement, processing rule configuration, and status tracking, ensuring mastery of various asset types like derivatives, fixed income, and forex with Calypso’s automation features for efficient, accurate management.

The Risk Management and Analytics segment assesses the candidate's skill in utilizing Calypso’s tools to evaluate risks—market, credit, liquidity—and involves setting risk parameters, producing detailed reports, and applying analytics for strategic insight. Tasks include stress testing, VaR calculations, and scenario analysis to bolster operational resilience and regulatory compliance.

Back Office Operations and Settlement tests focus on setting up and controlling trade settlement workflows, promoting timely settlements, automating back-end processes, and clearinghouse integration. Familiarity with SWIFT messaging, payment systems, and compliance standards is essential for smooth operations.

The test also examines Calypso Configuration and Customization, where candidates prove their ability to adapt the system to business needs by establishing rules, custom workflows, and system settings. Proficiency in Java scripting and Calypso API use is critical for effective customization and external system integration.

Regulatory Compliance and Reporting evaluates the capacity to generate mandated reports conforming to international regulations like EMIR, MiFID II, and Dodd-Frank, leveraging Calypso's reporting capabilities and compliance platform integrations to ensure accuracy and timeliness.

Lastly, System Integration and Data Management focuses on connecting Calypso with other systems and managing data flow to maintain consistency and real-time updates, utilizing APIs, data feed configurations, and best data governance practices for seamless functionality.

This test is highly valuable for recruiters in pinpointing professionals equipped with the technical and analytical expertise necessary for success in financial systems roles. It plays a vital role in the industry by helping firms hire candidates adept at managing trading operations and regulatory requirements.