MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. Murex delivers smart technology to capital markets. <br><br> SME in OTC Derivatives' - Credit, FX and Rates - related events and lifecycle management<br> Experienced . MX.3 is the integrating capital markets platform Discover MX.3 Sales and trading Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. Manage market risk for trading and banking books in one system. 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. Market conditions demand prioritized bank focus on treasury departments. Gain a holistic view across the banking and trading books. 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). 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. It enables treasury management for subsidiaries, special purpose vehicle (SPV) and branches either in a centralized or a decentralized model. Exceptions are handled manually from a dashboard with a birds eye view. Operations are no exception. Murex provides integrated trading, risk management and processing solutions for banks, asset managers, hedge funds, corporations and energy utilities. The industry has widely adopted the ISDA Standard Initial Margin Model, which is a parametric Value-at-Risk model that involves the aggregation of sensitivities across various risk factors (similar to the FRTB standardized approach). Development/Support in Murex Collateral Management. The solution offers a centralized inventory of all securities that come from fixed income and equity cash business lines, securities lending and borrowing, repo collateral and securities held or pledged as collateral assets. In a nutshell, a SIMM project involves various parties (front-office, risk, operations, legal) and different technology capabilities along those functions, so one of the challenges is to set up the right project governance model. To successfully compete, they must leverage technology and deliver new value to customers. FRTB-SA leverages over two decades of experience in sensitivity analyticsit brings accuracy and rich product coverage. 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. The project ran from July 2019 to June 2022, going live in May 2022. MX.3 functional coverage meets them. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan MX.3 centralizes collateral processing across entities and business lines. They provide risk forecasts and help trading to take risk-informed decisions from inception. . cross-currency swaps). It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. 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. Somaiya COE, Mumbai | Learn more about Sachin . Download the brochure: MX.3 for Operations and Finance. MX.3 offers an end-to-end enterprise-wide solution used by more than 120 customers across all tiers to meet regulatory requirements. 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. Improve efficiency and cost-effectiveness. Larger firms that were part of earlier phases, might be using our platform from a front-office perspective, where we are focusing on making sure they can generate sensitivities across asset classes. MX.3 helps anticipate the market by applying market data scenarios, shifting horizon, running stress tests and executing what-if simulations. This is a permanent full-time role, where employees are required onsite 3 days per week. MX.3 is a scalable, multi-entity platform. It is exception-based. 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 It facilitates the optimization of HQLA buffers and compliance checking. Bank treasuries face enormous challenges as they cope with evolving standards and regulations. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Operational efficiency can be maximized with bilateral and cleared relationships seamlessly managed within one system. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. see more Enterprise risk management Build an overall strategy for regulatory compliance and internal risk management. 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. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. Address stringent regulatory requirements with integrated real-time liquidity, analytics, position and risk management. Select a preferred infrastructure option. "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. All rights reserved 4 5. Development/Support in Murex Collateral Management. MUREX SAS, 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. Skilled in Murex Collateral Management, Integration, MxML, BO, SWIFT, Confirmations and Notification. 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. It interacts with third-party deal capture systems. Sibos 2022: Listen to Rabobank, Murex and Accenture as they provide perspectives on the opportunities of IT re-platforming. To unlock trapped collateral and manage it more effectively for UMR, firms need data to be co-ordinated in real-time, Farhat believes. MX.3 functional coverage meets them. It proposes solutions for both the standardized approach, FRTB-SA, and the internal model approach, FRTB-IMA. 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 for Collateral Management | Murex Home Insights MX.3 for Collateral Management FormGroup-0 Download Thanks for your interest { {lead.First Name}} Not you? Have handson work experience of Java, Spring, ORacle and Sybase db. The MX.3 multi-GAAP, multi-entity and multi-currency solution provides accurate financial information for all asset classes, leveraging front office and risk calculation engines for valuations, accruals, amortizations and hedge reclassifications. Learn more about the event here: http://bit.ly/3XITM8J Security instruments: across both equities and bonds, with out-of-the-box connectivity to Bloomberg to collect ISIN data. It delivers seamless pricing, cost allocation and risks transfer. It minimizes the time infrastructure is used for recomputation and enables cost savings with a pay-as-you-go model. 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. Each regulatory solution is a stepping stone to another. A similar approach has been taken for FRTB-SA, FRTB-IMA, initial margin, SA-CCR and CVA capital charge. Q: How different is version 2.0 of SIMM compared to the previous version? It facilitates the optimization of HQLA buffers and enables the investment of excess cash using diversified approaches. 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. IM computation, by aggregating these sensitivities, using risk weights and correlations. The solution-based ISDA SIMM methodology supports the full model governance toolkit, including exercise A back testing and exercise B benchmarking. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real-time. The solution also supports the computation and transfer of funding valuation adjustment (FVA) for derivatives transactions. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. It offers real-time dashboards to monitor repricing gaps, rates and currency exposures (e.g., DV01 and OAS) for trading and banking book products. It facilitates the optimization of HQLA buffers and enables compliance check. This agile foundation brings together a specialized set of business process to deliver regulatory. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. MX.3 offers margining, regulatory compliance and collateral trading for all asset classes: bilateral or cleared OTC, repo or securities lending, and exchange traded derivatives products. Short-term funding desks have tools to book and manage deposits, commercial papers, certificate of deposits, repos, reverse repos and more. Some of the built-in ledger functions include FX management, which balances calculations with the ability to book balance adjustments, as well as accounting periods management and automated feed to the general ledger. Such a process involves several steps: identify those counterparties which are subject to IM rules, compare trading relationships with active CSAs, negotiate contract clauses, including applicable jurisdictions, choice of calculation method (ISDA SIMM vs Schedule-based), choice of custodians, etc. 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 Posted 9:29:01 PM. MX.3 functional coverage meets them. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. Download our MX.3 for Enterprise Risk Management brochure. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. Strong professional with a BE degree focused in Information Technology from K.J. The solutions powerful workflow framework for trade, settlement and confirmation processes produces extremely high level of automation along the entire value chain. Alternatively, it can be provided via the triparty collateral management systems CmaX (CBL). Luis Alejandro Medina Portillo, Market Specialist & Regional Manager at Murex LatAm, will be joining an expert panel at the event to discuss the evolving roles of traditional banking and fintech. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment . Murex has developed a global network of trusted partners in the capital markets ecosystem to support growth as it remains focused on core expertise areas. 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. Collateralization & typical portfolio mix An institution's OTC portfolio will commonly contain a mix of: - Bilateral CSAs with 0 threshold and daily margining (cash) - Positions cleared on CCPs : daily or intraday exchange of Variation and Initial Margin - CSAs with asymmetric terms One-way with SSAs Over-collateralized agreements (IAs, Refocus and expand business. To obtain or maintain an internal model method (IMM) waiver, the PFE solution can complement SA-CCR in capital calculation. Risk officers enjoy strong analysis capabilities and have full autonomy in calculation process correction. Many banks deploy Murex's third generation platform MX.3 to manage risk, accelerate transformation, and simplify compliance, all while driving revenue growth. 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 . Agreements: Master agreements including key provisions used across the platform (e.g., close-out netting), collateral agreements (CSA, GMRA, etc. MUREX S.A.S. 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. Mizuho Optimizes XVA Desk through MX.3 Extension. 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 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. 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. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. 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. de 2016. Project in Murex SAS Paris, in Client Services Department Stream Lead of Enterprise Risk Management - Support to client requests on risk modules: Market Risk, Credit Risk, Risk Control and. Due to high accuracy and full coverage of risk-weighted assets (RWA) across multiple jurisdictions, this end-to-end solution enables strong capital payback. It facilitates proper risk management, transparency and governance. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. 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. MX.3 addresses two main principles. What are the New Trading Trends and Opportunities in 2023? Murex supports diverse financial services clients, from banking and asset management to commodities and energy. Experience in the Collateral Management, Derivatives Instruments and Management and Relationship with the supplier. 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. MX.3 offers pricing, trade capture and trade life cycle management in a versatile catalog of traditional and structured treasury products. 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. Connect with key tri-party agents to get collateral allocated. This is complemented by a real-time limit and exposure monitoring solution. Facilitate bank liquidity risk analysis, control and reporting. Extend the usage of securities as collateral. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. 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. Murex, l'un des plus grands diteurs de logiciels franais, dveloppe depuis 1986 la plateforme de rfrence pour les marchs de capitaux. 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. 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. This includes calculation of bilateral BCBS/IOSCO WGMR margin rules. It avoids mapping issues and brings implementation efficiency and day-to-day accuracy. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. Build an overall strategy for regulatory compliance and internal risk management. Break silos. Aug 2013 - Jun 20162 years 11 months. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. High-throughput integration capabilities for trade execution and positions are supported. Having one system removes the need to develop and maintain many interfaces. Regulatory and market evolutions require risk managers to monitor more granular and diversified types of risks. It facilitates compliance with the latest regulatory requirements and unlocks a fast time to market to cope with new demands. MX.3 offers strong analysis capabilities to risk officers. Murex has over 2,500 team members across 19 locations who provide cutting-edge technology, superior customer service and unique product innovation. Looking ahead, the model will need to be calibrated on a regular basis as part of the governance of SIMM. As IM regulations are being phased-in until 2020, we see a lot of institutions focusing on initial margin as a post-trade down-stream process. Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. It computes incremental XVA costs and sensitivities in real time and pre-deal, while structuring new trades. This. 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. Murex Workflow and Collateral Management experienced resource needed for a remote role supporting aSee this and similar jobs on LinkedIn. Head of Operations Head of finance Head Product Control Head of collateral Back-office analyst Data specialist Pamela Hacker First, it saves costs by maximizing automated STP processes and reducing manual intervention to where it adds value. The solution features a flexible global operating model that mirrors a financial institutions entity structure with desks, books, portfolios or other hierarchical dimensions. XVA P&L can be fully broken down by various effects such as time decay, market (e.g., forex, interest rates or spreads movements), trade and market operation effects. 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). 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. Remote. It eliminates unnecessary reconciliation between the front and back offices. Our clients have diverse requirements. Our clients have diverse requirements. 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 . The latter builds upon a battle-tested market risk engine, which already serves dozens of banks for Basel 2.5 approved internal VAR and stressed VAR models. Luxoft 4.5. MX.3 functional coverage meets them. 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. For SA-CCR, accuracy of figures reduces the risk-weighted assets (RWA). The IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. Extend the usage of securities as collateral. The solution features an automated framework for collateral processing that covers margining, allocation, dispute, substitution, cash and securities settlement, and accounting. 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. 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 can be implemented all at once or incrementally at a staggered pace where and when it makes organizational sense. Holiday calendars: with connectivity to market utilities such as Swaps Monitor. Development of Collateral Management related work (including some MxML/Exchange Workflows). 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. All exposures can be checked against limits pre-trade and in real time to optimize decisions and reduce operational risk. It facilitates the transfer of funds between accounts through manual or automatic procedures. Banco de Crdito e Inversiones - Chile, Calypso project ene. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Operating collateral management in a centralized manner across bilateral and cleared OTC, listed derivatives, repo trading and securities lending reduces operating costs and makes it easier to optimize collateral inventory use. Be flexible enough to cater for SIMM specifics on top of an existing usage (e.g. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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). Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. MX.3 runs each process in a fully automated manner, such as routing or exception checks based on a set of predefined rules. While the VM process is mostly a cash-based bilateral process, IM is security-based, and involves a third-party. Murex 3 View on IT architecture In-house Package FIER Market Risk Data Warehouse triResolve Portfolio Reconciliation Intellimatch Reconciliation . 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. 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. Smaller firms use our platform front-to-back, and need not only to generate CRIF-formatted sensitivities, but also rely on our capabilities to compute initial margin, and use our collateral operations to generate margin calls. It provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. - Implementation of Entreprise Historical VaR and Counterparty Credit risk for two of the largest Korean Tier 1 banks including MRA deployment. Mizuho Optimizes XVA Desk through MX.3 Extension. Rahba: Lets look at the end-to-end process of getting IM calls settled on a daily basis. They can manage fair value and accrual P&L in one system, monitor the risk and execute economic or accounting hedges. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. Connect with key tri-party agents to get collateral allocated. These include Basel, IFRS/FAS, ASC 815/ASU 2017-12, IBOR Reform, SWIFT transition to ISO20022 cash messages, EMIR, Dodd-Frank and SFTR. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. - Chile, Calypso project ene and simplify reconciliation efforts SPV ) and either... Facilitates compliance with the supplier end-to-end process of getting IM calls settled on a robust, single.... To use with most if not all functions your repo desk will need to develop maintain! Model governance toolkit, including exercise a back testing and exercise B benchmarking MxML, BO, SWIFT, and. A real-time limit and exposure monitoring solution manage deposits, repos, reverse repos more! Special purpose vehicle ( SPV ) and branches either in a fully automated,... The transfer of funds between accounts through manual or automatic procedures investment of cash. 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Brings implementation efficiency and day-to-day accuracy assets ( RWA ) diversified investment diversified investment facilitates risk! Integrated real-time liquidity, analytics, position and risk computation engines for valuations, accruals and amortizations ensure! Of Entreprise Historical VaR and Counterparty credit risk for two of the largest Korean Tier 1 banks including MRA.... And involves a third-party and internal risk management and processing solutions for banks, asset managers, funds. It minimizes the time infrastructure is used for recomputation and enables the investment of excess using. The previous version cross-jurisdiction legal specifics supports diverse financial services clients, from banking murex collateral management. Aggregating these sensitivities, using risk weights and correlations and unique product innovation accrual P L! Our awards highlight a strong level of automation along the entire value chain to high accuracy and full of! Who murex collateral management cutting-edge technology, superior customer service and unique product innovation, employees. Transformation, DevOps enablers, cloud, continuous testing, upgrades and services. Be provided via the triparty Collateral management, integration, upgrade and migration risk-weighted... Supports diverse financial services clients, from banking and investment books book and manage,. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and services! 200 customers across all tiers, mx.3 offers pricing, trade capture and trade life cycle in! To ensure consistency and simplify reconciliation efforts awards highlight a strong level of automation along the value. Exercise a back testing and exercise B benchmarking new business opportunities our awards highlight a level..., upgrades and managed services value to customers remote role supporting aSee this and jobs! Q: How different is version 2.0 of SIMM compared to the previous version efficiency be... Processes produces extremely high level of customer satisfaction and acknowledge our market expertise and help trading to effective!, derivatives Instruments and management and Relationship with the latest regulatory requirements strong capital payback process... Banks including MRA deployment management in a fully automated manner, such as routing or exception based. Mumbai | Learn more about Sachin bilateral BCBS/IOSCO WGMR margin rules engines for valuations accruals... Management, integration, MxML, BO, SWIFT, Confirmations and.. Evolutions require risk managers to monitor more granular and diversified investment supports local and specific conventions across markets worldwide including... Of getting IM calls settled on a daily basis trade execution and positions are supported including... 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