Murex Credit Risk Consultant

• Our client is seeking an experienced Murex Credit Risk Consultant to support the
• implementation, enhancement, integration, and production support of the Murex Credit Risk
• platform. The successful candidate will work closely with Credit Risk, Market Risk, Front
• Office, Middle Office, Risk Management, and Technology teams to deliver credit risk
• solutions covering counterparty exposure, collateral management, limits monitoring, XVA,
• and regulatory reporting.
• The Consultant will participate in new implementations, upgrades, BAU support, and
• strategic transformation initiatives while ensuring that credit risk calculations and regulatory
• requirements are accurately implemented within the Murex platform. This role typically
• combines functional, technical, and business analysis responsibilities.

Key Responsibilities

1. Functional Responsibilities

• Configure and support Murex Credit Risk modules.
•  Analyze business requirements from Credit Risk and Trading teams.
•  Configure counterparty risk calculations.
•  Support Credit Exposure calculations including:

• o Current Exposure
• o Potential Future Exposure (PFE)
• o Expected Exposure (EE)
• o Expected Positive Exposure (EPE)

•  Configure collateral and margining workflows.
•  Support CSA agreements and collateral optimization.
•  Configure credit limits and monitoring.
•  Implement wrong-way risk methodologies.
•  Support settlement risk calculations.
•  Configure netting agreements.
•  Validate exposure calculations with business users.
•  Produce Functional Specification Documents (FSD).
•  Produce Business Requirement Documents (BRD).
•  Conduct User Acceptance Testing (UAT).
•  Prepare test cases and reconciliation reports.
•  Support production incidents.

1. Technical Responsibilities

•  Configure Murex workflows.
•  Develop SQL queries.
•  Analyze Oracle database data.
•  Support batch processing.
•  Analyze performance issues.
•  Support upgrades and migrations.
•  Coordinate deployment activities.
•  Work with developers on bug fixes.
•  Review technical designs.

1. Risk Management Responsibilities

Support implementation of

• Counterparty Credit Risk
•  Credit Limits
•  Exposure Aggregation
•  Netting Agreements
•  Collateral Management

1. Project Responsibilities

•  Participate in end-to-end Murex implementation projects.
•  Work with Front Office, Risk, Operations, Finance, and IT.
•  Gather requirements.
•  Conduct workshops.
•  Perform gap analysis.
•  Prepare solution designs.
•  Execute SIT/UAT support.
•  Support production cutover.
•  Deliver post-production support.

Mandatory Skills

1. Murex

•  Murex MX.3
•  Credit Risk Module
•  Counterparty Risk
•  Exposure Management
•  Credit Limits
•  Collateral Management
•  Margining

1. Financial Products

Knowledge in some of the below products

•  FX
•  Money Market
•  Fixed Income
•  Bonds
•  Repos
•  IRS
•  CCS
•  FRA
•  Options
•  Swaps
•  Futures
•  Commodities
•  Structured Products
•  OTC Derivatives

1. Technical Skills

•  SQL
•  Oracle Database
•  UNIX/Linux
•  Shell Scripting
•  XML

1. Risk Knowledge

Good understanding of

• Counterparty Credit Risk (CCR)
•  SA-CCR
•  Credit Limits

1. Banking Knowledge

Knowledge of

•  Treasury
•  Capital Markets
•  Trading Operations
•  Middle Office
•  Risk Management

1. Preferred Skills

•  Murex Upgrade Projects
•  Murex Migration Projects
•  Murex Integration
•  Agile / Scrum

1. Soft Skills

•  Excellent analytical skills
•  Strong problem-solving ability
•  Stakeholder management
•  Client-facing communication
•  Strong documentation skills
•  Leadership abilities
•  Ability to work under pressure
•  Team player
•  Excellent presentation skills

1. Education

 Bachelor's degree in any of the below

• Computer Science
• Information Technology
• Engineering
• Mathematics
• Finance
• Financial Engineering

1. Experience

•  5–8+ years of Murex experience
•  Minimum 3 years in Credit Risk implementation/support
•  Experience in at least one end-to-end Murex implementation
•  Experience in upgrade or migration projects
•  Experience working with global investment banks
•  Production support experience is an advantage

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