Operating from our 19 offices, 2400 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is used by banks, asset managers, corporations, and utilities, across the world. 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). They can manage fair value and accrual P&L in one system, monitor the interest rate gap and execute economic or accounting hedges. 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. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. Q: How different is version 2.0 of SIMM compared to the previous version? 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. Overview. Central management enables consistent and efficient monitoring of intraday limit usage. de 2016 - jun. Posted: February 28, 2023. MX.3 empowers institutions with a single repository for trades, orders, positions and reference data, based on a few core foundations: MX.3 features a multi-source, multi-entity, connected global repository supporting our clients current and future operating models; it seamlessly supports back-to-back trades, risk allocation, and inter-entity structures. MX.3 offers a fund transfer pricing (FTP) framework integrating the bank's activities to our capital markets solution. 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. Empower the buy side to manage positions, cash and securities inventories, and risk across asset classes in real-time with MX.3. It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. Experience of front to back/risk trade lifecycle, trade workflow, business functionality. All rights reserved 4 5. Murex has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. Our clients have diverse requirements. 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. 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 simplifies post-trade with all products, from high-volume FX cash to complex over-the-counter derivatives, managed on a robust, single platform. [2] Click here FormGroup-1 * First Name * Last Name * Job Title * Company * Email * Country FormGroup-3 Do You Have a Project? The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. Refocus and expand business. Some clients are also looking at extending valuation adjustment capabilities to incorporate funding effects related to IM, in the Margin Valuation Adjustment (MVA). Banks implement either standardized or internal models for market and credit risk to reduce capital costs (e.g., FRTB-IMA, SA-CVA, etc.). The custodian is then automatically notified through SWIFT. Luxoft 4.5. It automates the entire calculation chain with the full data set to improve accuracy. $1bn in innovation over 10 years Murex partners with over 300 clients, including global banks, market makers, leading multi-regional banks, regional and national banks. Murex helps capital markets firms achieve new growth paths and connects them to all participants. To analyze figures, credit risk officers take advantage of in-memory aggregation technology. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. 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 I took part in the regulatory (eg. It facilitates proper risk management, transparency and governance. More than 100 clients worldwide use Murexs treasury solution. Murex Recent Developments. 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 for Collateral Management has helped more than 100 financial institutions streamline collateral operations with regulatory compliance. This is complemented by a real-time limit and exposure monitoring solution. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. MX.3 offers a genuine end-to-end trade life cycle management with a high-performing straight-trough processing (STP) framework. Market conditions demand prioritized bank focus on treasury departments. Break silos. 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 Learn more in an introductory video. 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. While the VM process is mostly a cash-based bilateral process, IM is security-based, and involves a third-party. Operations are no exception. 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. - Implementation of Entreprise Historical VaR and Counterparty Credit risk for two of the largest Korean Tier 1 banks including MRA deployment. MX.3 supports improved STP rates by enabling connectivity to key market utilities such as Acadiasoft Margin Manager and Initial Margin Exposure Manager (IMEM). The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. 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). MX.3 is a scalable, multi-entity platform. Alternately, P&L can be imported from other system sources, with the ability to correct and enrich the figures in MX.3 (e.g., adjustments, reserves) and recalculate on demand. Learn how peers benefit from MX.3. The Search for a True, Front-to-Back, Modular Vendor Offering . To successfully compete, they must leverage technology and deliver new value to customers. 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. Risk managers play a key role in securing the performance of their organization. . It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. It proposes solutions for both the standardized approach, FRTB-SA, and the internal model approach, FRTB-IMA. MX.3s fully integrating platform model enables streamlined collaboration across all departments. 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. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. Funding desks can perform further analysis by drilling down to the currency, security or trade-level information. 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. Facilitate bank liquidity risk analysis, control and reporting. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. Download our MX.3 for Enterprise Risk Management brochure. From their day-to-day screen, end users can slice and dice and drill down to the finest calculation inputs, such as trades parameters, legal agreement in addition to other reference data. 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, Dedicated alliance managers define relevant strategies with system integrators, connectivity partners, technology partners and industry associations across all regions. The solution supports full management of limit excesses, whether caused by intraday activity or end-of-day batch. 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. 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. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. MX.3 includes an XVA management solution. Mizuho Optimizes XVA Desk through MX.3 Extension. Regulatory and market evolutions require risk managers to monitor more granular and diversified types of risks. 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 eases standard-compliance checks and solution validation by regulators. Exceptions are handled manually from a dashboard with a birds eye view. Control total cost of ownership. Manage market risk for trading and banking books in one system. Fully managed by Murex, the solution leverages a shared and elastic infrastructure. With a clear focus on openness through public APIs, smooth integration and digitalization use cases are enabled at lower cost within financial institutions ecosystems. Murex Consultant/Developer Encore Theme Mount Laurel, NJ Estimated $91.9K - $116K a year P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. Murex helps capital markets firms achieve new growth paths and connects them to all participants. MX.3 supports full compliance with uncleared margins rules (UMR) across jurisdictions, from the full support of ISDA SIMM and schedule-based initial margin calculation methodologies, down to connectivity to key tri-party agents and third-party custodians. What are the New Trading Trends and Opportunities in 2023? 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. Powerful KPI reporting for operational risk control and regulatory indicators is provided, as well as statistics on time-to-match, time-to-clear. Our clients have diverse requirements. Centralize collateral management enterprise-wide. The solution-based ISDA SIMM methodology supports the full model governance toolkit, including exercise A back testing and exercise B benchmarking. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. For example, firms might want to put in place some risk control procedures and limits to closely monitor how far they are from the initial margin threshold. 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. 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, Krungsri (Bank of Ayudhya) Manages Higher Volumes, Rapidly Scales with Murex, Build Accurate Rate Curves in an Inflationary Context, 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, Rabobank Chief Digital Officer Details the Transformation Journey with MX.3, IBSI FinTech Journal August 2021 - The Big Interview. MX.3 runs each process in a fully automated manner, such as routing or exception checks based on a set of predefined rules. Have handson work experience of Java, Spring, ORacle and Sybase db. 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. It supports trading, treasury, risk and post-trade operations to help clients meet regulatory requirements and to manage risk and IT costs. de 2016. Be flexible enough to cater for SIMM specifics on top of an existing usage (e.g. On-screen drilldown analysis and reporting allow for a performance hierarchy consolidation down to transaction and position levels, with the ability to check transaction and market data details. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. Consent * Second, it provides control,with tools to monitor and act on exceptions along with a cradle-to-grave audit trail. VaR). A common data model allows the solutions to seamlessly interact with one another. Overview Our Software Murex and the Cloud What We Think Case Studies Overview 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. MX.3 enables institutions to achieve these objectives from trade booking to affirmation / confirmation, down to settlement and position management. Breaches are routed to a proper investigation and resolution of causesthis provides efficiency to the risk controller. risk management, collateral, operations, finance, investment management and treasury. Many banks deploy Murex's third generation platform MX.3 to manage risk, accelerate transformation, and simplify compliance, all while driving revenue growth. This enables risk officers to get corrected figures efficiently and meet the deadline for official results. Remote. The IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. Treasurers have a complete view of the funding requirements and liquidity profile of the banking and trading business units in a single dashboard. Dania Fakredin-Viatte Co-Founder at DayOm Paris. The Murex treasury solution is recognized for its real-time capabilities for data, as well as pre- and post-deal limit checks. 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. Our Murex services include system transformation, DevOps enablers, cloud, continuous testing, upgrade and managed services. Rahba: The new version of the SIMM, 2.0 introduces risk factors for three product types volatility indices, quanto CDS and municipal swaps and includes a full recalibration of parameters (correlations and risk weights). It enables fast decision-making and reduces operational risk. 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. 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. You are part of a cross technical and functional agile team, where you . 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. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. It enables treasury management for subsidiaries, special purpose vehicle (SPV) and branches either in a centralized or a decentralized model. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. A high-performance simulated PFE calculation engine gives end users access to an accurate real-time intraday exposure. 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. FRTB-SA can be implemented on top of SIMM at an optimized cost. Classify these sensitivities, according to the SIMM rules, possibly relying on an external utility providing such classification services. Inventories, and the internal model approach, FRTB-SA, and the internal model approach,.! 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