Murex Market Risk Consultant

4 days ago

Chennai Mumbai Pune, India Luxoft Full time ₹ 20,00,000 - ₹ 25,00,000 per year
  • Project description

    We have been engaged by a large European Bank to provide experienced professionals for their Murex Market Risk program.

The program focuses on delivering a robust risk management platform for Treasury Front Office, TMO, and Risk teams to effectively manage the bank''s funding and market risk exposures. Team members are expected to bring deep expertise, drive change initiatives, and work closely with business stakeholders to ensure seamless delivery of enhancements and new functionalities.
- Responsibilities
- Lead Market Risk enhancements and optimizations in the Murex platform
- Independently engage with end users to gather, clarify, and document business requirements
- Own and drive the implementation of Murex Market Risk configurations and optimizations
- Optimize existing risk methodologies and calculation formulas to improve performance and accuracy
- Conduct impact analysis and validation of Market Risk measures (e.g., VaR, PV01, CR01, PnL vectors)
- Drive functional validations for Market Risk metrics and coordinate testing with end users
- Troubleshoot, debug and resolve complex issues related to Market Risk computations
- Work closely with cross-functional teams including Risk, Front Office, and IT to ensure seamless integration of risk measures
- Provide guidance and mentorship to junior team members
- Contribute to process automation and continuous improvement of release cycles
- Skills

Must have
- 8+ years of experience in Murex Market Risk module
- Deep expertise in Murex Market Risk Environment (MRE) module
- Proven ability to develop, configure, and optimize Market Risk calculations independently
- Experience in configuring and running risk computations including reval runs, normalized runs
- Strong business stakeholder management skills, with experience in running risk measure validations
- Deep understanding of asset classes including MM, Fixed Income, FX, and IR Derivatives
- Extensive hands-on experience in Market Risk functional validations (e.g., Interest Rate VaR, Stress Testing)
- Expertise in configuring and validating various Market Risk measures such as VaR, PV01, CR01, and PnL vectors
- Strong analytical skills to explain differences in VaR results between Murex and other risk systems
- Solid understanding of Oracle and/or SQL Server RDBMS, with strong SQL skills for data analysis and validation

Nice to have
- Experience with Unix/Linux environments and scripting (Shell, Python, etc.)
- Exposure to GIT for version control
- Good knowledge of CI/CD methodologies and tools
- Development skills in MxML, DataMart, or other Murex modules
- Understanding of regulatory risk requirements (FRTB, Basel framework, etc.)
- Location - pune,mumbai,chennai,banagalore

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