It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. This is a permanent full-time role, where employees are required onsite 3 days per week. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. It proposes solutions for both the standardized approach, FRTB-SA, and the internal model approach, FRTB-IMA. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan Maintained up to date through a local regulatory watch, it enables clients to adapt more quickly to regulatory changes and ensures that solutions support Basel standards exceptions. Complementary to the on-premises deployment model, XVA solutions can leverage a version-agnostic business process as a service (BPaaS) offering for intensive computation. Murex's modular platform includes products such as MX.3 for Risk Control and MX.3 for Collateral Management, both of which have won a growing following among customers that have begun to standardize on Murex's trading and risk management product portfolio. This enables risk officers to get corrected figures efficiently and meet the deadline for official results. MX.3 increases transparency and visibility, giving end users, managers and auditors a complete view of the full hedge accounting chain, from trade booking to documentation to financial statements. About Murex Since its creation in 1986, Murex has played a key role in proposing effective technology as a catalyst for growth in capital markets, through the design and implementation of. Connect with key tri-party agents to get collateral allocated. MX.3 is at the heart of the banks IT infrastructure, connecting seamlessly with existing systems (e.g., core banking, data warehouse, general ledger, etc.) Key Responsibilities Inspect system generated collateral calls for accuracy prior to making margin calls. Murex has over 2,500 team members across 19 locations who provide cutting-edge technology, superior customer service and unique product innovation. Model validation and implementation: firms can either use a schedule-based method, or a model with margins that meets a 99% confidence level of cover over a 10-day standard margin period of risk. Murex helps capital markets firms achieve new growth paths and connects them to all participants. The solution enables capital management via risk-weighted assets (RWA), including exposure-at-default either with a standard (e.g., SA-CCR) or internal model method (PFE with IMM waiver), CVA risk charge and central counterparty (CCP) capital charge calculation. risk management, collateral, operations, finance, investment management and treasury. Dynamic and versatile professional with deep expertise in Finance and Banking, specifically in a Middle-Office/Trade Support/Operations environment, at a Team Management and Leadership level, including Operational Risk Management, Data Analysis and Automation responsibilities. With 300 clients and 57,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants. Multiple payment methods (e.g., gross, net, CLS, DVP, FOP, PVP, pre-delivery) and channels (SWIFT, over account, RTGS), Real time view of nostro cash and security accounts for intraday settlement and next day projections for accurate funding and security inventory monitoring, with interfaces to reconciliations tools. Operating from our 19 offices, 2500 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is used by banks, asset managers, corporations and utilities, across the world. Connect with key tri-party agents to get collateral allocated. Innovate and improve customer experience and personalization. Murex is a software company offering a wide range of products and tools necessary for the success of financial institutions in today's digital world. The solutions support variations to the Basel standards and enable clients to adapt more quickly to regulatory changes with packages updates. Firms need not only to implement these models, but also to go through a regulatory approval process across national regulators. MX.3 enables the management of corporate actions, from sourcing to settlement across various asset classesequities, fixed income and securities finance: Voluntary, mandatory and mandatory with choice events management for securities, listed and OTC derivatives, Full life cycle management, including notification, simulation of elections, reconciliation, settlement and accounting, Corporate actions journal management and automatic propagation to positions, trades and static data, Automated allocation to internal books through configurable rules. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs without recalculation. It provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. The MX.3 platform offers banking book integration, a centralized inventory of all securities including from trading activity, securities lending and borrowing, repo collateral and securities held or pledged as collateral assets. Remote. Operational efficiency can be maximized with bilateral and cleared relationships seamlessly managed within one system. Murex has more than 57,000 daily users in over 60 countries. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. It delivers seamless pricing, cost allocation and risks transfer. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. Centralize collateral management enterprise-wide. Stress-testing supports historical scenarios as well as the design of hypothetical adverse scenarios, leveraging criteria-based shifts and proxies, addressing risk management and regulatory purposes such as stressed risk measures. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Skilled in Murex Collateral Management, Integration, MxML, BO, SWIFT, Confirmations and Notification. Paris, London, Swindon Cowrie Financial Murex Practice Consultant . Improve efficiency and cost-effectiveness. The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. MX.3 achieves Fundamental Review of the Trading Book (FRTB) compliance. Q: Based on the experience of those who've already implemented SIMM, what are some of the tricky implementation points to be handled with care? Similarly, they need to provide benchmarking results, comparing SIMM to another model (e.g. Murex Consultant/Developer Encore Theme Mount Laurel, NJ Estimated $91.9K - $116K a year Overview. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. MX.3 maximizes STP, decreases operational risk, and enhances operational control. MUREX SAS ("Murex"), the leading provider of cross-asset trading, risk, and back-office solutions, announces the release of its fully overhauled MX.3 for Collateral Management solution, designed to better support sell-side and buy-side financial institutions in creating an effective pre- and post-trade collateral optimization framework. The solution features a flexible global operating model that mirrors a financial institutions entity structure with desks, books, portfolios or other hierarchical dimensions. Corporate and retail activities can be integrated in MX.3. The solution provides a complete view of the risks taken by the organization. MX.3 offers a genuine end-to-end trade life cycle management with a high-performing straight-trough processing (STP) framework. Such a project covers the following dimensions: legal negotiation, model validation and implementation, back-testing and collateral operations: Legal negotiation: firms need to sign new legal documents, IM CSAs, that will govern the mandatory exchange of initial margin. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. P&L and P&L attribution can be validated altogether, with trader sign-off and official reference P&L crystalized and published to trading, risk and for sub-ledger reconciliation. We are expecting updates of this model on a yearly basis, meaning new parameters as part of this calibration exercise, and feedback from market participants, as well as a methodology review. We can see that multiple departments are thus impacted including front office, collateral management operations, risk and legal departments. Risk management team head for Murex Korea Ltd (Seoul Office) : - First worldwide end to end implementation of Murex new Enterprise Collateral Management solution at a Tier 1 Korean bank. It avoids mapping issues and brings implementation efficiency and day-to-day accuracy. Firms will need to be able to comply with these basic SIMM calculation models, and methodology reviews, and maintain these calculation calibrations on a yearly basis. Learn how peers benefit from MX.3. To meet the growing demand for our First Derivative services, we are looking to hire a Murex Business Analyst in South Africa to work with our production support and development team. Development of Collateral Management related work (including some MxML/Exchange Workflows). Corrections trigger smart recomputation based only on what is impacted by the change. It enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. Accenture has been helping Murex clients transform their front, middle and back office operations and risk management functions, including collateral management and treasury operations, for more than 20 years. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. With 300 clients and 57,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants. MUREX SAS ("Murex"), the leading provider of cross-asset trading, risk, and back-office solutions, announces the release of its fully overhauled MX.3 for Collateral Management solution,. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. Murex Collateral Workflow Resource. It became apparent that we had the right chemistry to build such a long-term strategic partnership, and the Murex solution provided the opportunity to simplify our systems architecture, build a single, fully integrated front-to-back solution for all our treasury needs. Overview Our Software Murex and the Cloud What We Think Case Studies Overview The Test engineer applies the Murex test processes to ensure that a client instance meets its LinkedIn. It became apparent that we had the right chemistry to build such a long-term strategic partnership, and the Murex solution provided the opportunity to simplify our systems architecture, build a single, fully integrated front-to-back solution for all our treasury needs. Mizuho Optimizes XVA Desk through MX.3 Extension. Risk management. Exceptions are handled manually from a dashboard with a birds eye view. Luxoft 4.5. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Right after an execution is done, the process is automated with platforms such as DTCC CTM and Markitwire or the SWIFT matching solution. greater new york city area. Provide capabilities to output various types of sensitivities delta, vega, curvature. Experienced Murex Professional with a demonstrated history of working in the investment banking. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. 04 Aug 2022. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real-time. With a clear focus on openness through public APIs, smooth integration and digitalization use cases are enabled at lower cost within financial institutions ecosystems. Because of its global client community, Murex can support new clients in all regions with experienced consultants and guide them through the challenging process of regulatory rules interpretation and validation on any jurisdictions. All rights reserved 4 5. MUREX SAS ("Murex"), the leading provider of cross-asset trading, risk, and back-office solutions, announces the release of its fully overhauled MX.3 for Collateral Management solution, designed to better support sell-side and buy-side financial institutions in creating an effective pre and post-trade collateral optimization framework. Bank treasuries face enormous challenges as they cope with evolving standards and regulations. The latest iteration of Murex's platform - MX.3 - provides advanced financial services that provide optimal strategies and power an institution's acceleration. All business objects come with standard data management functionalities (e.g., lineage, extension capabilities, audit, four-eyes validation) and can be synchronized with external repositories. Accenture has been helping Murex clients transform their front, middle and back office operations and risk management functions, including collateral management and treasury operations, for near 30 years. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. With 300 clients and 57,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants. In short, to ensure that collateral operations and technology both support these regulatory margin requirements using the SIMM, and to be ready by the deadline, financial institutions need to look at the collateral management process front to back and holistically, across these several dimensions, and make sure an appropriate level of governance is put in place. The solution also supports the computation and transfer of funding valuation adjustment (FVA) for derivatives transactions. Be flexible enough to cater for SIMM specifics on top of an existing usage (e.g. It brings risk figure consistency across regulatory solutions, such as CVA capital charge, counterparty credit risk risk-weighted assets (RWA), central counterparty (CCP) charge, large exposure reporting or leverage ratio. It minimizes the time infrastructure is used for recomputation and enables cost savings with a pay-as-you-go model. Murex Explores How Digital Assets, DLT Might Reshape Digital Landscape, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, LIBOR Transition Preparing for the Final Year, Nationwide Outlines Critical Factors in Selecting Murex as Treasury Vendor. Beyond the automation capabilities enabled, which include margining, allocation, settlement and accounting, MX.3 is designed and uniquely positioned to provide integrated functions: optimize allocations according to cheapest to deliver, maintain enterprise inventory of securities, integrate with securities finance, refine XVA pricing and risk management and comply with regulations such as SFTR and SA-CCR. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. Our clients have diverse requirements. Because all cash transactions are transferred into a single account at Eurex Clearing, segregation is achieved on the clearing house level using the record-keeping of Eurex . Seize market opportunities. Build an overall strategy for regulatory compliance and internal risk management. Overview. What are the New Trading Trends and Opportunities in 2023? Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. To unlock trapped collateral and manage it more effectively for UMR, firms need data to be co-ordinated in real-time, Farhat believes. Retrospective dashboards summarize excess causes and resolution time and keep top management informed. It is an integrating platform to optimize liquidity management, precisely measure risk and control operational cost. The solution supports full management of limit excesses, whether caused by intraday activity or end-of-day batch. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. Users are prompted for manual review and action only if an exception check fails. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. They provide risk forecasts and help trading to take risk-informed decisions from inception. These include limit suspension, trade hedging or blocking contracts breaching limits. Responsibilities. 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