Collateral operations: once firms are equipped with capabilities to compute regulatory-compliant initial margins, they need to update their collateral processes to ensure these margins get settled on time. and the wider capital markets ecosystem. Murexs ownership of this process allowed Banorte to focus on our own complete internal operating overhaul for setting up a dedicated XVA desk. Download our MX.3 for Enterprise Risk Management brochure. 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. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. On top of these implementation challenges which focus on the daily calculation and processing of IM calls, back-testing and benchmarking requires dedicated attention as part of the model validation exercise. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. What are the New Trading Trends and Opportunities in 2023? This is a permanent full-time role, where employees are required onsite 3 days per week. It is a great tool for collateral management or for triparty repos where you can import the actual position at the end of the day. Download the brochure: MX.3 for Bank Treasury, Head of Operations and Strategic Development, Nationwide Building Society, treasury division. . 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. and business. Skilled in Murex Collateral Management, Integration, MxML, BO, SWIFT, Confirmations and Notification. Operational efficiency can be maximized with bilateral and cleared relationships seamlessly managed within one system. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. DFA, Volcker Rule .) MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. 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. - Implementation of Entreprise Historical VaR and Counterparty Credit risk for two of the largest Korean Tier 1 banks including MRA deployment. 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. 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. simulate SIMM on past data to gauge its accuracy and effectiveness. Strong professional with a BE degree focused in Information Technology from K.J. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Remote. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. Our Murex services include system transformation, DevOps enablers, cloud, continuous testing, upgrade and managed services. 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. The solutions powerful workflow framework for trade, settlement and confirmation processes produces extremely high level of automation along the entire value chain. Facing a quickly evolving regulatory environment, MX.3 enables clients to stay ahead, across various processes: Collateral management, with uncleared margin rules, Transaction Regulatory Reporting, with the coming major rules review (e.g., EMIR refit, CFTC rewrite). FRTB-SA leverages over two decades of experience in sensitivity analyticsit brings accuracy and rich product coverage. MX.3 runs each process in a fully automated manner, such as routing or exception checks based on a set of predefined rules. The solution also supports the computation and transfer of funding valuation adjustment (FVA) for derivatives transactions. Posted: February 28, 2023. 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. Manages report preparers, control and governance process Securitization and Equity RWA Manager - Basel III Director (Regulatory Reporting) Manages team of SMEs through quarterly and monthly. #fintech #technology #DigitalBanking. $1bn in innovation over 10 years Murex partners with over 300 clients, including global banks, market makers, leading multi-regional banks, regional and national banks. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. 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. FRTB-SA can be implemented on top of SIMM at an optimized cost. Breaches are routed to a proper investigation and resolution of causesthis provides efficiency to the risk controller. Larger firms, for whom initial margin requirements have been phased in since September 2016, tend to have a more decentralised risk infrastructure. Trade level CVA and FVA can be allocated to the proper unit of account. The complexity of these risks leads to ever-more-intensive computational needs, which require enterprise risk management software. A wide variety of long-term liabilities is made available for issuances desks with MX.3's native support for fixed income products and enhanced structuring capabilities. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. Used by more than 200 customers across all tiers, MX.3 offers end-to-end enterprise-wide and cross-asset solutions covering over 300 payoffs. Murex Consultant at Dutch Pension Group - MX3 Collateral Management Module Implementation Initial Workshops | Scoping | Analysis | Design | Build | Testing | Murex Agile Methodology Murex. Overview. LEARN HOW BANKDATA LEVERAGES MX.3 TO TRANSITION TO RISK-FREE RATES UNDER IBOR REFORM, AS WELL AS FRTB AND SA-CCR, FOR EIGHT DANISH BANKS. It supports cash and security pools, pool and trade-level margining and triparty profiles. The Search for a True, Front-to-Back, Modular Vendor Offering . As the dust starts to settle for firms that have put the deadline behind them, these firms are looking more and more at the impact of such margins on the value chain of trading. Bank treasuries face enormous challenges as they cope with evolving standards and regulations. It facilitates the optimization of HQLA buffers and enables the investment of excess cash using diversified approaches. We have helped our clients overcome these challenges. On-screen drilldown analysis and reporting allow for a performance hierarchy consolidation down to transaction and position levels, with the ability to check transaction and market data details. You are part of a cross technical and functional agile team, where you . Murex is a global fintech leader in trading, risk management, and processing solutions for capital markets. Each regulatory solution is a stepping stone to another. 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. They can manage fair value and accrual P&L in one system, monitor the interest rate gap and execute economic or accounting hedges. 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. 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? Nos vemos en CDMX entre el 7-9 Marzo!. 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. MX.3 provides enterprise solutions that allow banks to control market, credit, and liquidity risk for internal and regulatory compliance. VaR). A centralized, robust and automated framework, MX.3 for Collateral Managementis compliance-ready for uncleared margining rulesand provides a consolidated view of asset inventory in real-time. Our clients have diverse requirements. To analyze figures, credit risk officers take advantage of in-memory aggregation technology. 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). Murex Credit Risk and Collateral Management consultant Currently Collateral stream lead on a new front to back Murex Implementation in New York, managing a small team on the collateral. MX.3 addresses the requirements of modern treasuries. Have handson work experience of Java, Spring, ORacle and Sybase db. Mizuho Optimizes XVA Desk through MX.3 Extension. The solution includes full access rights management and audit procedures. Murex Workflow and Collateral Management experienced resource needed for a remote role supporting aSee this and similar jobs on LinkedIn. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. It is powered by a robust, high-volume infrastructure with a global real-time operating model. Murex Information We are the long-term technology partner for the capital markets, working with financial institutions in over 60 countries to adapt and evolve their IT systems. Regardless of whether MX.3 is used as an end-to-end enterprise solution or a building block, its integration capabilities enable straightforward integration into an existing system landscape. It is designed to be flexible enough to support changing regulatory requirements while centralizing and simplifying them, ensuring . Knowledge of collateral management a big plus but not a must. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. This flexible solution enables Murex clients to benefit from continuously improved functionalities without having to upgrade their own MX.3 solution. Learn how peers benefit from MX.3. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. Murex is a company that provides financial software for trading, treasury, risk, and post-trade operations for financial markets. A common data model allows the solutions to seamlessly interact with one another. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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. Development of Collateral Management related work (including some MxML/Exchange Workflows). Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. MUREX optimizes and integrates trading, risk management and settlement into a package that . Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. 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. Connect with key tri-party agents to get collateral allocated. Based on a modern technology stack, the solution supports several deployment models, such as cloudAmazon Web Service and Microsoft Azureon-premises or with managed service in SaaS. Connect with key tri-party agents to get collateral allocated. Mizuho Optimizes XVA Desk through MX.3 Extension. MX.3 offers a fund transfer pricing (FTP) framework integrating the bank's activities to our capital markets solution. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs, such as trades, sensitivities, reference data and scenarios. Experienced Murex Professional with a demonstrated history of working in the investment banking. 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. This enterprise-wide solution, used by more than 150 customers across all tiers, has a broad range of analytical and simulated methodologies, such as Monte Carlo potential future exposure (PFE). It automates the entire calculation chain with the full data set to improve accuracy. WHAT WE DELIVERED: With the successful introduction of collateral management on Murex, the client achieved their goal of setting up a future-proof and cost-effective collateral management architecture and platform. 04 Aug 2022. The solution supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations. This agile foundation brings together a specialized set of business process to deliver regulatory. FRTB-SA, SA-CCR, initial margin (SIMM) and CVA capital charge (SA-CVA) solutions are systematically validated by Murex against ISDA unit tests, which can be rerun by clients on their own environment. 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. Our clients have diverse requirements. cross-currency swaps). MX.3 enables finance teams to manage the appropriate accounting entry generation for all products and entities. For SA-CCR, accuracy of figures reduces the risk-weighted assets (RWA). "This data should be synchronised with positions, market data and settlement events from multiple sources and legal entities, solving the fundamental collateral management challenge of timely data aggregation. The project ran from July 2019 to June 2022, going live in May 2022. Alternatively, it can be provided via the triparty collateral management systems CmaX (CBL). Murex delivers smart technology to capital markets. Eliminate manual processes and increase straight-through processing rates. Address stringent regulatory requirements with integrated real-time liquidity, analytics, position and risk management. 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 accuracy and reliability. 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. de 2016. Funding desks can perform further analysis by drilling down to the currency, security or trade-level information. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. MX.3 achieves Fundamental Review of the Trading Book (FRTB) compliance. The Murex treasury solution is recognized for its real-time capabilities for data, as well as pre- and post-deal limit checks. Rahba: First and foremost, firms need to be regulatory compliant by exchanging margins on a daily basis. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. From their day-to-day screen, end users can slice and dice and drill down to the finest calculation inputs, such as trades parameters, legal agreement in addition to other reference data. ("Murex"), the leading provider of integrated trading, risk, collateral and processing solutions, and AcadiaSoft Inc ("AcadiaSoft") are p Second, it provides control,with tools to monitor and act on exceptions along with a cradle-to-grave audit trail. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. It delivers seamless pricing, cost allocation and risks transfer. 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. Luxoft 4.5. Some clients are also looking at extending valuation adjustment capabilities to incorporate funding effects related to IM, in the Margin Valuation Adjustment (MVA). From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs without recalculation. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. Due to high accuracy and full coverage of risk-weighted assets (RWA) across multiple jurisdictions, this end-to-end solution enables strong capital payback. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. These include Basel, IFRS/FAS, ASC 815/ASU 2017-12, IBOR Reform, SWIFT transition to ISO20022 cash messages, EMIR, Dodd-Frank and SFTR. Head of Operations Head of finance Head Product Control Head of collateral Back-office analyst Data specialist Pamela Hacker Key Responsibilities Inspect system generated collateral calls for accuracy prior to making margin calls. The solution features a flexible global operating model that mirrors a financial institutions entity structure with desks, books, portfolios or other hierarchical dimensions. With a clear focus on openness through public APIs, smooth integration and digitalization use cases are enabled at lower cost within financial institutions ecosystems. More. Cross-asset platform MX.3 business processes cover all asset classes and functions for treasury, trading and investment activities. All exposures can be checked against limits pre-trade and in real time to optimize decisions and reduce operational risk. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. Overview Our Software Murex and the Cloud What We Think Case Studies Overview Treasurers have a complete view of the funding requirements and liquidity profile of the banking and trading business units in a single dashboard. 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. Murex has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. Validation workflows that include the four-eyes principle can be applied to all changes made on reference data and limits. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Sensitivity generation requires the ability to project and compute sensitivities across various predefined risk factors (rates, credit, fx, equity and commodities). We provide end-to end project services and have delivered over 200 successful Murex projects across all major asset-classes and sectors including investment banking, asset management, corporate treasury and insurance. Somaiya COE, Mumbai | Learn more about Sachin . 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. In summary, before, repos in Murex meant you like making your life a challenge. This new version has been in effect since the end of 2017. ComDer Clearing House - Chile, Calypso project . In a changing financial world, our technology is designed to help our 57,000 daily users respond to the challenges they face today and build foundations for the future. Manage market risk for trading and banking books in one system. Remote. Independent market data and models support an Independent Price Verification (IPV) framework. MX.3 offers an enterprise-wide solution for global credit risk management. Holiday calendars: with connectivity to market utilities such as Swaps Monitor. We have detailed how complex such a project is. 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. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Initial margin costs can also be used pre-trade to feed a trading decision, for example to optimize counterparty choice. In October 2021, Murex's MX.3 platform was implemented at . 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. Dania Fakredin-Viatte Co-Founder at DayOm Paris. These include limit suspension, trade hedging or blocking contracts breaching limits. A similar approach has been taken for FRTB-SA, FRTB-IMA, initial margin, SA-CCR and CVA capital charge. Consistency is enforced by a shared reference data repository and a common calculation framework. It interacts with third-party deal capture systems. Murex, l'un des plus grands diteurs de logiciels franais, dveloppe depuis 1986 la plateforme de rfrence pour les marchs de capitaux. It is based on qualitative interviews with over 30 market participants conducted in the second and third quarters of 2020. MX.3 is a scalable, multi-entity platform. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. Our client, a leading global bank, is searching for a Collateral Management Associate. Trade level CVA and FVA can be allocated to the proper unit of account. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. It eases standard-compliance checks and solution validation by regulators. Classify these sensitivities, according to the SIMM rules, possibly relying on an external utility providing such classification services. It covers a wide range of analytical exposures, including pre-settlement, lending, issuer, country and concentration risks. MX.3 functional coverage meets them. Development/Support in Murex Collateral Management. MX.3 can be managed by the customer or delivered in SaaS by Murex. Collateral Management Implementation Stream Lead at Nationwide Murex Jun 2014 - Aug 2015 1 year 3 months. Transactions are processed directly after booking. 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. Not a specific collateral management activity but key for an efficient collateral management process Each party has its own version of a transaction in its system (sometimes even The custodian is then automatically notified through SWIFT. The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. 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. [1] Murex was founded in 1986 in Paris by Laurent Nel and Salim Edde, who were soon followed by Salim's three brothers and his brother-in-law. Operations are no exception. These firms might therefore need to have a decentralised way of managing SIMM, generating risk sensitivities across these systems. Consistency is enforced by a shared reference data repository and a common calculation framework. 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. MX.3 enables institutions to achieve these objectives from trade booking to affirmation / confirmation, down to settlement and position management. Murex training with murex online course, corporate course, support, end -user training by top best expert consultant with hands-on experience at reasonable price with flexible timings murex training Follow Advertisement Advertisement Recommended Nivethitha_Murex and Manual Testing_7 yrs Nivethitha Balasubramanian 1k views 7 slides Optimize High-quality liquid asset (HQLA) buffers and unlock investment opportunities. Operating from our 19 offices, 2400 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. Refocus and expand business. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. MX.3 empowers institutions with a single repository for trades, orders, positions and reference data, based on a few core foundations: MX.3 features a multi-source, multi-entity, connected global repository supporting our clients current and future operating models; it seamlessly supports back-to-back trades, risk allocation, and inter-entity structures. Cash using diversified approaches models support an independent Price Verification ( IPV ) framework integrating the 's. The computation and transfer of funding valuation adjustment ( FVA ) for derivatives.. 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