All rights reserved 4 5. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. Many banks deploy Murex's third generation platform MX.3 to manage risk, accelerate transformation, and simplify compliance, all while driving revenue growth. Luxoft 4.5. We have helped our clients overcome these challenges. MX.3 helps financial institutions comply with various transaction-based regulatory regimes, such as G20 Transaction Reporting and Securities Financing Transactions Regulation (SFTR). Holiday calendars: with connectivity to market utilities such as Swaps Monitor. 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. It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. Murex helps capital markets firms achieve new growth paths and connects them to all participants. MX.3s fully integrating platform model enables streamlined collaboration across all departments. #fintech #technology #DigitalBanking. The solution supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations. Collateral pay-off function : - Risk-free value of the collateralized portfolio at the re-margining date - Thresholds, Minimum Transfer Amount, Independent amounts, rounding rules - Outstanding balance - Haircuts applicable to the collateral asset Copyright 2011 Murex S.A.S. The XVA solution provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. 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. Risk management. 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. The platform empowers leading teams to streamline standard and bespoke processes across all product types in a 24/7 trading world. It enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. 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. The system relies on its generic workflow framework handling, transactions, settlements, static data and more: It is real time to minimize processing time. Murex provides enterprise-wide, cross-asset financial technology solutions. Overview Our Software Murex and the Cloud What We Think Case Studies Overview I took part in the regulatory (eg. Regulations have had a dramatic impact across all business processes within capital markets. IM computation, by aggregating these sensitivities, using risk weights and correlations. Download the brochure: MX.3 for Operations and Finance. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. It enables fast decision-making and reduces operational risk. It specializes in all asset classes while managing collateral, margins, and OTC positions. 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? Consent * This is a challenging task because of the variety of products that needs to be covered and validated, and it requires trading and risk platforms to: Represent and model key collateral data from the CSA agreements, such as scope of product and applicable jurisdictions. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. Project Tasks included: Functional Lead - Data Migration For Agreement Static Data: - Mapping of ALGO (previous collateral management system) fields to Murex fields - Building upload file for migration of agreement static data The XVA solution is a front-to-finance-to-risk charge solution that supports both standardized approach CVA (SA-CVA) and basic approach CVA (BA-CVA). 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. MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. 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 enables finance teams to manage the appropriate accounting entry generation for all products and entities. Retrospective dashboards summarize excess causes and resolution time and keep top management informed. 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). Murex is a leading global software provider of trading, risk management, processing operations, and post-trade solutions for capital markets. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. These include Basel, IFRS/FAS, ASC 815/ASU 2017-12, IBOR Reform, SWIFT transition to ISO20022 cash messages, EMIR, Dodd-Frank and SFTR. Posted 9:29:01 PM. Dynamic and versatile professional with deep expertise in Finance and Banking, specifically in a Middle-Office/Trade Support/Operations environment, at a Team Management and Leadership level, including Operational Risk Management, Data Analysis and Automation responsibilities. 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. It is an integrating platform to optimize liquidity management, precisely measure risk and control operational cost. 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. Data quality enrichment done for SIMM benefits FRTB-SA. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs without recalculation. Murex Consultant/Developer Encore Theme Mount Laurel, NJ Estimated $91.9K - $116K a year Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. The latest iteration of Murex's platform - MX.3 - provides advanced financial services that provide optimal strategies and power an institution's acceleration. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. The custodian is then automatically notified through SWIFT. Murex provides integrated trading, risk management and processing solutions for banks, asset managers, hedge funds, corporations and energy utilities. Similarly, they need to provide benchmarking results, comparing SIMM to another model (e.g. Mizuho Optimizes XVA Desk through MX.3 Extension, NAB Significantly Improves Performance by Migrating MX.3 to AWS, Pavilion Energy, Upskills, Murex Deploy MX.3 to Azure, Leading Mexican Bank Banorte Strengthens Credit Risk Management Practices, Rabobank Achieves Strategic Transformation with Murex MX.3, BIBD Embraces Murex Solution for Bank Treasury with Islamic Finance, Momentum Metropolitan Migrates, Upgrades MX.3 to AWS, Murex Enables NCB to Meet Complex SA-CCR Requirements, ABN AMRO Relies on Murex and smartTrade to Automate the Full FX value Chain, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, ICBC Standard Bank COO Reveals Deciding Factors in Selecting Murex as Partner, ICBC Standard Bank Details Main Benefits of Using MX.3 for Commodities Trading, Bankdata Details Largest Re-platforming Program, Rabobank Chief Digital Officer Details the Transformation Journey with MX.3, MX.3 Enterprise Risk and Regulatory Suite. Our clients have diverse requirements. 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. The solution supports full management of limit excesses, whether caused by intraday activity or end-of-day batch. Market conditions demand prioritized bank focus on treasury departments. Murex is a global fintech leader in trading, risk management, and processing solutions for capital markets. Murex has more than 57,000 daily users in over 60 countries. Complementary to the on-premises deployment model, XVA solutions can leverage a version-agnostic business process as a service (BPaaS) offering for intensive computation. This enterprise risk management software is used by a large and diverse range of market participants to meet regulatory requirements including Basel III, Dodd-Frank, European market infrastructure regulation (EMIR) and Volcker. MX.3 for Collateral Management overcomes inefficiencies in your organizational management by offering a single framework for enterprise-wide margining, optimization, regulatory compliance and collateral trading. Initial margin costs can also be used pre-trade to feed a trading decision, for example to optimize counterparty choice. It recognizes that collateral management has become very intertwined with many business functions within financial institutions. Murex, Amid Hiring Drive, Ranked Second-Best Place to Work in France, Glassdoo, Anadolubank Goes Live on MX.3 with MXGO for Treasury and Trading Management, Murex Sees Strong Recognition at Asia Risk Technology Awards 2022, Murex Develops Interface that Offers Fixed Income, Derivatives Data from ICE, Murex Extends Winning Streak in IBSi Sales League Table, MX.3 Again Named Software Solution of the Year at the FTF Awards, Bank Pekao SA Selects Murex to Optimize Total Cost of Ownership, Piraeus Bank Completes Rationalization Project with Murex, Murex Ranked as a Top 10 Place to Work in France on Glassdoor, Murex Expands Mexico City Offices and Bolsters Americas Presence, At Murex, were pleased to be attending and supporting the RiskMathics Digital Banking & Financial Technologies Forum, taking place in Santa Fe from 7th-9th March. Each regulatory solution is a stepping stone to another. 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. Second, it provides control,with tools to monitor and act on exceptions along with a cradle-to-grave audit trail. It covers a wide range of analytical exposures, including pre-settlement, lending, issuer, country and concentration risks. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. 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. The solution provides a complete view of the risks taken by the organization. greater new york city area. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Our Murex services include system transformation, DevOps enablers, cloud, continuous testing, upgrade and managed services. The bank already had Murex for their Money Market, FX, Equities and Rates business lines but not for collateral,. It offers real-time dashboards to monitor repricing gaps, rates and currency exposures (e.g., DV01 and OAS) for trading and banking book products. Murex is a software company offering a wide range of products and tools necessary for the success of financial institutions in today's digital world. Because of its global client community, Murex can support new clients in all regions with experienced consultants and guide them through the challenging process of regulatory rules interpretation and validation on any jurisdictions. 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. 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. 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. risk management, collateral, operations, finance, investment management and treasury. Comply with evolving global and local regulations and standards. Centralize collateral management enterprise-wide. 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. 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. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. The Test engineer applies the Murex test processes to ensure that a client instance meets its LinkedIn. Larger firms, for whom initial margin requirements have been phased in since September 2016, tend to have a more decentralised risk infrastructure. 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. Finance teams operate in a complex world of multiple currencies, across multiple legal entities with multiple accounting schemas. 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). Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. 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