It leverages a pay-as-you-go model and infrastructure elasticity. <br><br> SME in OTC Derivatives' - Credit, FX and Rates - related events and lifecycle management<br> Experienced . It covers a wide range of analytical exposures, including pre-settlement, lending, issuer, country and concentration risks. MX.3 offers an enterprise-wide solution for global credit risk management. To serve large and complex computations, MX.3 provides a proprietary grid or can be integrated with the IBM Symphony grid, and supports both CPU and GPU engines. MX.3 simplifies post-trade with all products, from high-volume FX cash to complex over-the-counter derivatives, managed on a robust, single platform. MX.3 addresses two main principles. Central management enables consistent and efficient monitoring of intraday limit usage. 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. DFA, Volcker Rule .) More than 100 clients worldwide use Murexs treasury solution. MX.3 enables finance teams to manage the appropriate accounting entry generation for all products and entities. Knowledge of collateral management a big plus but not a must. P&L is calculated on the official position scope models and market data within MX.3, following market standards to assist in accounting standards compliance. It supports cash and security pools, pool and trade-level margining and triparty profiles. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. ), netting agreements. Across all our clients, we are seeing collateral data reinforced as being key across various departments: not only from a VM and IM calculation and processing perspective, but also for pricing, trading and risk management. These include limit suspension, trade hedging or blocking contracts breaching limits. Refocus and expand business. 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,. 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. Operating from our 19 offices, 2400 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is . It supports trading, treasury, risk and post-trade operations to help clients meet regulatory requirements and to manage risk and IT costs. In October 2021, Murex's MX.3 platform was implemented at . MX.3 is a scalable, multi-entity platform. The solutions support variations to the Basel standards and enable clients to adapt more quickly to regulatory changes with packages updates. 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. [2] MX.3 enjoys the widest instrument coverage in the industry, from flow to complex products. FRTB-SA can be implemented on top of SIMM at an optimized cost. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. As a back-office user, the processing work is reduced to the minimum with a high degree of automation from matching to clearing and settlement. A common data model allows the solutions to seamlessly interact with one another. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. It interacts with third-party deal capture systems. In addition to entries posting at transaction level, it supports concurrent inventory cost methods (e.g., FIFO, AVP, cherry picking) with robust capabilities to drill down to the contributors of the position providing accessible, reliable, transparent data. Luxoft 4.5. Market conditions demand prioritized bank focus on treasury departments. We have helped our clients overcome these challenges. Positions are natively represented to serve different business processes. 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. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. Supported Traders, Risk Managers and Support teams on client-side to help them leverage on Murex functionalities to optimize operations and reduce time to market new financial products . MX.3 evolves with accounting market practices and its integrated nature allows any new products to be easily handled and speedily released to trading teams. MX.3 achieves Fundamental Review of the Trading Book (FRTB) compliance. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real-time. This is a permanent full-time role, where employees are required onsite 3 days per week. The 2022 Risk Technology Awards recognised products and services that helped firms steer through the Covid-19 pandemic, a testament to the winners' resilience in the face of unprecedented disruption and the key role they play in today's markets. These include potential future exposure (PFE) and expected exposure (EE). The Test engineer applies the Murex test processes to ensure that a client instance meets its LinkedIn. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. Looking ahead, the model will need to be calibrated on a regular basis as part of the governance of SIMM. As an example, with SA-CCR, when collateral management is managed within the same MX.3 platform, the exposure-at-default (EAD) measure can be reduced in real-time while improving its accuracy and reliability. Rahba: Firms need to embark on quite a long and complex journey to get their organisation and collateral management procedures up to speed with the phase-in of initial margin regulations. - Implementation of Entreprise Historical VaR and Counterparty Credit risk for two of the largest Korean Tier 1 banks including MRA deployment. Learn more in an introductory video. MX.3's dashboards offer treasurers a bird's-eye view of liquidity ladders, liquid asset buffers and cash and securities inventory to aid secured and unsecured funding decisions. Format results as per the standard ISDA CRIF (Common Risk Interchange Format). MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. 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. Learn more about how to achieve internal and external business process digitalization. Due to high accuracy and full coverage of risk-weighted assets (RWA) across multiple jurisdictions, this end-to-end solution enables strong capital payback. MUREX S.A.S. MX.3 runs each process in a fully automated manner, such as routing or exception checks based on a set of predefined rules. Mizuho Optimizes XVA Desk through MX.3 Extension. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. Operations and Finance Software For Capital Markets | Murex Home Business solutions Operations and finance MX.3 for Operations and Finance Our clients have diverse requirements. The prepackaged solutions give flexibility, enabling clients to adapt based on their own interpretation of a regulation. Alternately, P&L can be imported from other system sources, with the ability to correct and enrich the figures in MX.3 (e.g., adjustments, reserves) and recalculate on demand. The powerful MX.3 cash flow engine strengthens the solution by generating contractual flows and estimates future flows across all asset classes, enabling real-time monitoring of liquidity ladders. cross-currency swaps). "Legacy systems cannot adapt fast enough to . The risk controller benefits from real-time position insights with the ability to take effective actions immediately. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan 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. It recognizes that collateral management has become very intertwined with many business functions within financial institutions. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. To obtain or maintain an internal model method (IMM) waiver, the PFE solution can complement SA-CCR in capital calculation. The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. Its powerful Monte Carlo engine simulates counterparty credit risk measures. With MX.3, the product control department can manage entity and group consolidated official P&L and P&L attribution cross-asset, across the trading and banking books. MX.3 features a rich set of data-driven business objects to support smooth trade processing, static data set-up and to ease maintenance: Counterparties: core data as well as settlement instructions and confirmation instructions. It is very flexible. MX.3 functional coverage meets them. Achieve regulatory compliance. Data quality enrichment done for SIMM benefits FRTB-SA. MX.3 for Enterprise Risk Management is a cloud-ready solution that enables risk managers to stay one step ahead on risk control and to achieve regulatory compliance. Centralize collateral management enterprise-wide. Murex Consultant at Dutch Pension Group - MX3 Collateral Management Module Implementation Initial Workshops | Scoping | Analysis | Design | Build | Testing | Murex Agile Methodology Murex. Participated in the Implementation of Murex Collateral Management System. It specializes in all asset classes while managing collateral, margins, and OTC positions. Overview. MX.3 streamlines the full hedge accounting process end-to-end, be it micro-hedge or macro-hedge, with a broad coverage of hedge types (e.g., fair value hedge, cash flow hedge, net investment in foreign currency hedge). Murex provides enterprise-wide, cross-asset financial technology solutions. MUREX MX.3 software handles all aspects of derivatives and cash management trading and processing for Banks, Buy Side, Clearing CCP's, Energies, and Corporates. Have handson work experience of Java, Spring, ORacle and Sybase db. It automates the entire calculation chain with the full data set to improve accuracy. I took part in the regulatory (eg. It minimizes the time infrastructure is used for recomputation and enables cost savings with a pay-as-you-go model. It is based on qualitative interviews with over 30 market participants conducted in the second and third quarters of 2020. de 2016 - jun. Initial margin costs can also be used pre-trade to feed a trading decision, for example to optimize counterparty choice. Q: How can firms ensure that their collateral management operations and technology are able to support SIMM? The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. Consistency is enforced by a shared reference data repository and a common calculation framework. The full job description is as follows: Location: Jersey City, NJ. It provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. Download our MX.3 for Enterprise Risk Management brochure. Consistency is enforced by a shared reference data repository and a common calculation framework. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. MX.3 gives a consolidated view of exposures across entities with incremental intraday variation computed in batch or in real-time. Financial institutions have entered a digital race. Provide capabilities to output various types of sensitivities delta, vega, curvature. Key Responsibilities Inspect system generated collateral calls for accuracy prior to making margin calls. Our client, a leading global bank, is searching for a Collateral Management Associate. Our Murex services include system transformation, DevOps enablers, cloud, continuous testing, upgrade and managed services. Transactions are processed directly after booking. Operations are no exception. This. It enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. Murex delivers smart technology to capital markets. It supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations, all of which can be computed both with full revaluation as well as Taylor-based calculations. For SA-CCR, accuracy of figures reduces the risk-weighted assets (RWA). Project Tasks included: Functional Lead - Data Migration For Agreement Static Data: - Mapping of ALGO (previous collateral management system) fields to Murex fields - Building upload file for migration of agreement static data It computes incremental XVA costs and sensitivities in real time and pre-deal, while structuring new trades. The latest iteration of Murex's platform - MX.3 - provides advanced financial services that provide optimal strategies and power an institution's acceleration. $136,000 to $150,000 Yearly. Empower the buy side to manage positions, cash and securities inventories, and risk across asset classes in real-time with MX.3. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. . Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. IM computation, by aggregating these sensitivities, using risk weights and correlations. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. Posted: February 28, 2023. So it should not be underestimated. 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. The XVA solution is a front-to-finance-to-risk charge solution that supports both standardized approach CVA (SA-CVA) and basic approach CVA (BA-CVA). Monitor exposure in real time and pre-deal. It provides accurate credit risk measures (e.g., issuer lending, notional, pre-settlement, settlement)across all asset classes. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? 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