$136,000 to $150,000 Yearly. Maintained up to date through a local regulatory watch, it enables clients to adapt more quickly to regulatory changes and ensures that solutions support Basel standards exceptions. Posted 9:29:01 PM. 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. MX.3 addresses the requirements of modern treasuries. 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). 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. The project ran from July 2019 to June 2022, going live in May 2022. The solution supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations. 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,. 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. P&L and P&L attribution can be validated altogether, with trader sign-off and official reference P&L crystalized and published to trading, risk and for sub-ledger reconciliation. Mizuho Optimizes XVA Desk through MX.3 Extension. It facilitates the optimization of HQLA buffers and enables compliance check. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs without recalculation. Banco de Crdito e Inversiones - Chile, Calypso project ene. Murex provides enterprise-wide, cross-asset financial technology solutions. Additionally, the common technical framework ensures that consultants reuse existing skills to speed up FRTB-SA projects. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. MX.3 increases transparency and visibility, giving end users, managers and auditors a complete view of the full hedge accounting chain, from trade booking to documentation to financial statements. The platform empowers leading teams to streamline standard and bespoke processes across all product types in a 24/7 trading world. Murex helps capital markets firms achieve new growth paths and connects them to all participants. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. ("Murex"), the leading provider of integrated trading, risk, collateral and processing solutions, and AcadiaSoft Inc ("AcadiaSoft") are p Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. ), netting agreements. From an implementation perspective, market risk capabilities (P&L, Value at Risk) need to be leveraged to pass the validation step, and monitoring procedures need to be established. They provide risk forecasts and help trading to take risk-informed decisions from inception. VaR). Murex Workflow and Collateral Management experienced resource needed for a remote role supporting aSee this and similar jobs on LinkedIn. Remote. FRTB-SA can be implemented on top of SIMM at an optimized cost. 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MX.3 provides enterprise solutions that allow banks to control market, credit, and liquidity risk for internal and regulatory compliance. <br><br> SME in OTC Derivatives' - Credit, FX and Rates - related events and lifecycle management<br> Experienced . MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. It provides accurate credit risk measures (e.g., issuer lending, notional, pre-settlement, settlement)across all asset classes. Murexs ownership of this process allowed Banorte to focus on our own complete internal operating overhaul for setting up a dedicated XVA desk. These firms might therefore need to have a decentralised way of managing SIMM, generating risk sensitivities across these systems. Full-Time. More than 100 clients worldwide use Murexs treasury solution. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Control total cost of ownership. Murex Collateral Workflow Resource. In summary, before, repos in Murex meant you like making your life a challenge. 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. Innovate and improve customer experience and personalization. de 2019 - feb. de 2020. MX.3 helps control capital costs. Leverage innovation, scale and amplify with the power of the cloud. Exceptions are handled manually from a dashboard with a birds eye view. 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. It facilitates compliance with the latest regulatory requirements and unlocks a fast time to market to cope with new demands. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. 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. Consistency is enforced by a shared reference data repository and a common calculation framework. Extend the usage of securities as collateral. 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. Users can monitor a wide variety of investment compliance rules on any business dimension in real time, pre- and post-trade. MX.3 offers an enterprise-wide solution for global credit risk management. A high-performance simulated PFE calculation engine gives end users access to an accurate real-time intraday exposure. 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. MX.3 enjoys the widest instrument coverage in the industry, from flow to complex products. MX.3 gives a consolidated view of exposures across entities with incremental intraday variation computed in batch or in real-time. 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. 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. Trade level CVA and FVA can be allocated to the proper unit of account. Murex supports diverse financial services clients, from banking and asset management to commodities and energy. 04 Aug 2022. The solution features an IFRS 9 compliant hedge accounting module that provides end-to-end management of both micro and macro hedging from real-time hedge proposition, designation to daily effectiveness measurement and impact on accounting results through reclassification entries. Experienced Murex Professional with a demonstrated history of working in the investment banking. To unlock trapped collateral and manage it more effectively for UMR, firms need data to be co-ordinated in real-time, Farhat believes. Overview. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. These include potential future exposure (PFE) and expected exposure (EE). Out-of-the-box connectivity to reconciliation tools facilitates cash, security position and collateral exposure reconciliation. MX.3 can be managed by the customer or delivered in SaaS by Murex. Risk control can monitor the SA-CCR in addition to the existing CEM framework in a single system. Murex has over 2,500 team members across 19 locations who provide cutting-edge technology, superior customer service and unique product innovation. Aujourd'hui, 2 500 experts de plus de 60 nationalits rpartis sur 19 bureaux travers le monde, rpondent aux problmatiques critiques de 57 000 utilisateurs aux quatre coins du globe. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. Monitor exposure in real time and pre-deal. With automated and integrated business processes, including trade management, document management, risk calculation, reporting and sub-ledger functionality, this solution helps reduce operational risk by providing: Smart designation of hedges by traders and product control with pre-defined strategies, Specific events (e.g., de-designation, rebalancing, refresh) with a full audit trail, Retrospective and prospective effectiveness measurements using various qualitative and quantitative methods, Dashboard to monitor effectiveness and P&L impacts of designated hedges, Automatic generation of documentation with hedge characteristics, A process for bucketing macro-hedge relationship flows and optimization of asset and liability usage, Prepackaged and customizable hedge accounting schemas, dedicated reporting tools and live screen reporting. Such a project covers the following dimensions: legal negotiation, model validation and implementation, back-testing and collateral operations: Legal negotiation: firms need to sign new legal documents, IM CSAs, that will govern the mandatory exchange of initial margin. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. MX.3 reduces IT cost and improves the time to market as regulatory changes unfold. 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. 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. de 2016 - jun. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. Independent market data and models support an Independent Price Verification (IPV) framework. 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. Like making your life a challenge extractions to downstream systems the finest calculation inputs without recalculation the platform leading! Murex Alliance partner and a common calculation framework to all participants murex Workflow and collateral reconciliation... 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