It proposes solutions for both the standardized approach, FRTB-SA, and the internal model approach, FRTB-IMA. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. It provides the optionality to apply advanced treatments for exotics instead of conservative approximations (e.g., breaking down a cap/floor transaction into individual caplets for each flow). ComDer Clearing House - Chile, Calypso project . <br><br> SME in OTC Derivatives' - Credit, FX and Rates - related events and lifecycle management<br> Experienced . Experience Murex 7 years 9 months Consulting Manager Jan 2022 - Present1 year 2 months Singapore - Project stream lead for Operations, Collateral Management and Finance for greenfield. The last piece of the process, margin call processing, has similarities with the variation margin process, but it comes with some specificities: in particular, once firms have agreed with their counterparties on the amounts of initial margin and additional collateral, they are then generally relying on tri-party agents to fulfil their collateral requirements. The project ran from July 2019 to June 2022, going live in May 2022. Posted 9:29:01 PM. 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 . 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. 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. Regulations have had a dramatic impact across all business processes within capital markets. With a clear focus on openness through public APIs, smooth integration and digitalization use cases are enabled at lower cost within financial institutions ecosystems. Many banks deploy Murex's third generation platform MX.3 to manage risk, accelerate transformation, and simplify compliance, all while driving revenue growth. So it should not be underestimated. I would say this is the most challenging option, as Murex is a very selective firm, and only hires people with engineering and mathematical b. The solutions powerful workflow framework for trade, settlement and confirmation processes produces extremely high level of automation along the entire value chain. To obtain or maintain an internal model method (IMM) waiver, the PFE solution can complement SA-CCR in capital calculation. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. Responsibilities. 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. Mizuho Optimizes XVA Desk through MX.3 Extension. Looking ahead, the model will need to be calibrated on a regular basis as part of the governance of SIMM. XVA P&L can be fully broken down by various effects such as time decay, instrument type (e.g., forex, interest rates or spreads movements), trade and market operation effects. 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. Risk management. 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. The IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. Aug 2013 - Jun 20162 years 11 months. Central management enables consistent and efficient monitoring of intraday limit usage. Clients can opt for a fully managed SaaS approach on a private or public cloud. Experience in the Collateral Management, Derivatives Instruments and Management and Relationship with the supplier. Some clients are also looking at extending valuation adjustment capabilities to incorporate funding effects related to IM, in the Margin Valuation Adjustment (MVA). The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. Used by more than 250 institutions across the globe, the MX.3 settlement solution manages the complete life cycle of settlements, from automated release to settlement status reconciliation. Strong professional with a BE degree focused in Information Technology from K.J. 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. This includes calculation of bilateral BCBS/IOSCO WGMR margin rules. It delivers seamless pricing, cost allocation and risks transfer. Security instruments: across both equities and bonds, with out-of-the-box connectivity to Bloomberg to collect ISIN data. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. Our clients have diverse requirements. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs without recalculation. Build Accurate Rate Curves in an Inflationary Context. MX.3 maximizes STP, decreases operational risk, and enhances operational control. Murex Consultant/Developer Encore Theme Mount Laurel, NJ Estimated $91.9K - $116K a year 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. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. greater new york city area. Control total cost of ownership. It has been an impressive journey with Murex as they continued to invest in all parts of their MX.3 platform, not just the front-office piece for which we originally used them. 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. MX.3 functional coverage meets them. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. 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. Corporate and retail activities can be integrated in MX.3. de 2019 - feb. de 2020. 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. . Luxoft 4.5. It covers internal market risk; fundamental review of the trading book (FRTB); X-valuation adjustment (XVA); standardized approach for measuring counterparty credit risk (SA-CCR); credit risk and initial margin (IM). Murex supports diverse financial services clients, from banking and asset management to commodities and energy. 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. MX.3 helps control capital costs. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. 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. Its powerful Monte Carlo engine simulates counterparty credit risk measures. Development of Collateral Management related work (including some MxML/Exchange Workflows). For SA-CCR, accuracy of figures reduces the risk-weighted assets (RWA). Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. New York, NY. This agile foundation brings together a specialized set of business process to deliver regulatory. Our clients have diverse requirements. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. Build Accurate Rate Curves in an Inflationary Context. 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. It provides accurate credit risk measures (e.g., issuer lending, notional, pre-settlement, settlement)across all asset classes. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. Murex Specialist at iNovoTek Solutions United Kingdom. It is a three-step process: Sensitivities generation, across various asset classes and products. 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. Learn more in an introductory video. MX.3 offers an enterprise-wide solution for global credit risk management. Experienced Murex Professional with a demonstrated history of working in the investment banking. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. As a result, we have significantly improved our STP rates and streamlined our processes. In the context of a major rules review, MX.3 reduces the burden of transaction regulatory reporting implementations featuring: Reporting eligibility to determine reporting obligation and data enrichment process, Reporting initiation that includes a business logic to trigger reporting messages in the post-trade and at end of day, Data mapping, format transformation and connectivity to trade repositories, including DTCC GTR, Real-time exception management and monitoring, including mitigation actions for exceptions such as reporting resubmission, Post-reporting reconciliation with DTCC-GTR, with OOB extractions and data mapping against DTCC-GTR Trade State Report. I took part in the regulatory (eg. Full-Time. It covers standard agreements such as CSA, CSD, SCSA, GMRA and GMSLA. 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. Regulatory solutions like FRTB-SA, FRTB-IMA, SA-CCR and initial margin (IM) come with prepackaged regulatory content that facilitates reporting on multiple jurisdiction requirements. Central management enables consistent and efficient monitoring of intraday limit usage. Murex has more than 57,000 daily users in over 60 countries. Operations are no exception. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. The solution covers credit valuation adjustment (CVA), debt valuation adjustment (DVA), funding valuation adjustment (FVA), initial margin valuation adjustment (MVA) and capital valuation adjustment (KVA). Break silos. The solution features an automated framework for collateral processing that covers margining, allocation, dispute, substitution, cash and securities settlement, and accounting. 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. Rahba: Lets look at the end-to-end process of getting IM calls settled on a daily basis. Paris, London, Swindon Cowrie Financial Murex Practice Consultant . Consistency is enforced by a shared reference data repository and a common calculation framework. de 2016. 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). MX.3 features a real-time portfolio management solution with dedicated dashboards for risk monitoring and performance measurement and attribution. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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. The enterprise risk management solution builds on the MX.3 platform. 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