Murex Market Risk Consultant
Summary
Senior consultant leading Murex MX.3 upgrades and market risk module implementations for a Singapore bank, focusing on VaR, stress testing, and regulatory compliance.
Project description
One of our client (a leading bank of Singapore) is undertaking a strategic upgrade of its Murex MX.3 platform to enhance system resilience, support new product capabilities, and align with evolving regulatory and operational requirements. This initiative includes upgrading from version 3.1.42.48b to 3.1.6x.x, onboarding the EQA and OSP Excess modules, and implementing comprehensive reconciliation, testing automation, and governance frameworks.
Responsibilities
- Act as Senior Market Risk Consultant for Murex implementation and upgrade programs
- Lead requirements gathering, design, and delivery of Market Risk modules (VaR, sensitivities, stress testing)
- Own and manage market risk workstreams, milestones, risks, and dependencies
- Collaborate with cross-functional IT and business teams to deliver risk solutions
- Apply market risk methodologies and ensure alignment with regulatory and internal frameworks
- Configure and support Murex Market Risk modules (VAR Cube, Dynamic Simulation, MxRisk)
- Support market risk across IRD, FXD, EQD, CRD, and Commodities products
- Perform build, testing, reconciliation, and validation of risk views and stress reports
- Manage stakeholder expectations and ensure timely delivery of configurations and documentation
- Demonstrate strong ownership with a hands-on, independent, and multitasking approach
SKILLS
Must have
- 8+ years of experience in Murex Market Risk is required
- Good knowledge on VaR, Stress testing, back testing
- Good knowledge and hands-on experience on MRE ,MRA, ERM & Market data configuration, Debugging and development, scenario generation
- Good hands on experience on relevant technical skills (SQL, Shell Scripting, Python and Ant Scripts)
- Hands-on business analysis role to analyse, process changes and functional requirements
- Good technical background
- Team player with good communication & inter-personal skills
- You should have strong verbal and written communication skills
- Murex upgrade experience
Nice to have
Understanding of Trade Life Cycle