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. 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. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. "Legacy systems cannot adapt fast enough to . 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. MX.3 maximizes STP, decreases operational risk, and enhances operational control. 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. 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. 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. Of course, there are variations with readiness and the degree of work required to get up to speed with margin rules and SIMM 2.0 depending on the size and shape of the firm itself. First, it saves costs by maximizing automated STP processes and reducing manual intervention to where it adds value. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? 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Murex supports diverse financial services clients, from banking and asset management to commodities and energy. You are part of a cross technical and functional agile team, where you . Achieve operational excellence with a single cross-asset platform that streamlines standard and bespoke processes. Murexs ownership of this process allowed Banorte to focus on our own complete internal operating overhaul for setting up a dedicated XVA desk. This enables risk officers to get corrected figures efficiently and meet the deadline for official results. Remote. 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. MX.3 enables finance teams to manage the appropriate accounting entry generation for all products and entities. Strong professional with a BE degree focused in Information Technology from K.J. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. 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. 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. Comply with evolving global and local regulations and standards. 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. 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. 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. It leverages a pay-as-you-go model and infrastructure elasticity. 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. MX.3 for Collateral Management has helped more than 100 financial institutions streamline collateral operations with regulatory compliance. Comply with international and domestic GAAPs. 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. Nos vemos en CDMX entre el 7-9 Marzo!. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. Murex has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. Murex 3 View on IT architecture In-house Package FIER Market Risk Data Warehouse triResolve Portfolio Reconciliation Intellimatch Reconciliation . 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. Experienced Murex Professional with a demonstrated history of working in the investment banking. This includes calculation of bilateral BCBS/IOSCO WGMR margin rules. Central management enables consistent and efficient monitoring of intraday limit usage. 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 helps anticipate the market by applying market data scenarios, shifting horizon, running stress tests and executing what-if simulations. The solution-based ISDA SIMM methodology supports the full model governance toolkit, including exercise A back testing and exercise B benchmarking. 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. 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. It facilitates the transfer of funds between accounts through manual or automatic procedures. Corporate and retail activities can be integrated in MX.3. Murex invested early in regulatory risk solutions, and has been following evolutions with clients ever since, often offering updated packages for legacy installations to meet overlapping and shifting regulatory deadlines. 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. Positions are natively represented to serve different business processes. Its MX.3 platform is engineered to meet evolving challenges. 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. Q: How different is version 2.0 of SIMM compared to the previous version? Risk management. Have handson work experience of Java, Spring, ORacle and Sybase db. MX.3 functional coverage meets them. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs without recalculation. Financial institutions have entered a digital race. Manage market risk for trading and banking books in one system. Experience of front to back/risk trade lifecycle, trade workflow, business functionality. It highlights the need for collateral management systems to: Extend the VM process to IM, including the ability to process in real-time margin calls on an electronic messaging platform such as Acadiasoft Marghinsphere. Provide capabilities to output various types of sensitivities delta, vega, curvature. It recognizes that collateral management has become very intertwined with many business functions within financial institutions. 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 interfaces with market and reference data providers, multi- and single-dealer platforms, affirmation and clearing, repo management, collateral, settlement and transaction regulatory reporting. see more Enterprise risk management Build an overall strategy for regulatory compliance and internal risk management. MX.3 is tailored to manage asset class specifics, from securities settlement for securities finance to cash payment for the high-volume FX business, harnessing CLS services, from automated eligibility, submission and matching to settlement. Optimize profitability and risk management of your lending activity, manage your liabilities funding cost and trading cost of funds. 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. Dania Fakredin-Viatte Co-Founder at DayOm Paris. More than ever, a bank must secure diversified funding sources, review pricing rules and implement tighter risk, liquidity and collateral controls. Collateral Management Implementation Stream Lead at Nationwide Murex Jun 2014 - Aug 2015 1 year 3 months. 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. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. 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 XVA solution provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. This is complemented by a real-time limit and exposure monitoring solution. Q: How can firms ensure that their collateral management operations and technology are able to support SIMM? 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). Refocus and expand business. MX.3 addresses two main principles. Select a preferred infrastructure option. So it should not be underestimated. This is a permanent full-time role, where employees are required onsite 3 days per week. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. 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. Break silos. The solution enables bank-wide monitoring of nostro balances in real time. #murex #riskmathics #latam #fintech #traditionalbanking . Gain a holistic view across the banking and trading books. MX.3 supports improved STP rates by enabling connectivity to key market utilities such as Acadiasoft Margin Manager and Initial Margin Exposure Manager (IMEM). MX.3 helps financial institutions comply with various transaction-based regulatory regimes, such as G20 Transaction Reporting and Securities Financing Transactions Regulation (SFTR). 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. Larger firms, for whom initial margin requirements have been phased in since September 2016, tend to have a more decentralised risk infrastructure. A high-performance simulated PFE calculation engine gives end users access to an accurate real-time intraday exposure. 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). 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. IM computation, by aggregating these sensitivities, using risk weights and correlations. 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. The aim is long-term value creation. This allows for an accurate calculation of exposure-at-default (EAD) and a global optimization of the capital charge at the enterprise level. ), netting agreements. 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. Murex has over 2,500 team members across 19 locations who provide cutting-edge technology, superior customer service and unique product innovation. 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. MX.3 offers strong analysis capabilities to risk officers. Luxoft 4.5. 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. All exposures can be checked against limits pre-trade and in real time to optimize decisions and reduce operational risk. This ensures high STP rates while controlling operational risk through dedicated dashboards, across all business lines and asset types, leveraging: Automatic assignment of standing settlement instructions (SSI), Multiple payment methods (e.g., gross, net, CLS, DVP, FOP, PVP, pre-delivery) and channels (e.g., SWIFT, over account, RTGS), Full support of the transition from SWIFT MT to SWIFT MX (i.e., ISO 20022), compliant with cross-border payments guidelines and local real-time gross settlement systems (e.g., TARGET2, CHAPS, FEDWIRE), 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. 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. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. 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). It is very flexible. Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. simulate SIMM on past data to gauge its accuracy and effectiveness. 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. We have detailed how complex such a project is. Aug 2013 - Jun 20162 years 11 months. 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