Remote. Centralize collateral management enterprise-wide. Regardless of whether MX.3 is used as an end-to-end enterprise solution or a building block, its integration capabilities enable straightforward integration into an existing system landscape. "Legacy systems cannot adapt fast enough to . Murex Specialist at iNovoTek Solutions United Kingdom. Holiday calendars: with connectivity to market utilities such as Swaps Monitor. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. 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. This allows for an accurate calculation of exposure-at-default (EAD) and a global optimization of the capital charge at the enterprise level. Alex Rojas Full Stack Developer - Javascript (ES6), MongoDB . Murex Collateral Workflow Resource. 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. Manages report preparers, control and governance process Securitization and Equity RWA Manager - Basel III Director (Regulatory Reporting) Manages team of SMEs through quarterly and monthly. MX.3 offers an end-to-end enterprise-wide solution used by more than 120 customers across all tiers to meet regulatory requirements. Clients can opt for a fully managed SaaS approach on a private or public cloud. As an example, with SA-CCR, when collateral management is managed within the same MX.3 platform, the exposure-at-default (EAD) measure can be reduced in real-time while improving its accuracy and reliability. Full-Time. MX.3 supports improved STP rates by enabling connectivity to key market utilities such as Acadiasoft Margin Manager and Initial Margin Exposure Manager (IMEM). Market conditions demand prioritized bank focus on treasury departments. Sensitivity generation requires the ability to project and compute sensitivities across various predefined risk factors (rates, credit, fx, equity and commodities). For SA-CCR, accuracy of figures reduces the risk-weighted assets (RWA). Learn how peers benefit from MX.3. MX.3 for Collateral Management has helped more than 100 financial institutions streamline collateral operations with regulatory compliance. MX.3 functional coverage meets them. Right after an execution is done, the process is automated with platforms such as DTCC CTM and Markitwire or the SWIFT matching solution. 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. Development/Support in Murex Collateral Management. Mizuho Optimizes XVA Desk through MX.3 Extension. 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. Murex Recent Developments. In summary, before, repos in Murex meant you like making your life a challenge. They can manage fair value and accrual P&L in one system, monitor the interest rate gap and execute economic or accounting hedges. de 2019 - feb. de 2020. Risk control can monitor the SA-CCR in addition to the existing CEM framework in a single system. This. 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. 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 near 30 years. Murex Consultant at Dutch Pension Group - MX3 Collateral Management Module Implementation Initial Workshops | Scoping | Analysis | Design | Build | Testing | Murex Agile Methodology Murex. All rights reserved 4 5. ), netting agreements. It is exception-based. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. The IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. Murex delivers smart technology to capital markets. The solutions support variations to the Basel standards and enable clients to adapt more quickly to regulatory changes with packages updates. Central management enables consistent and efficient monitoring of intraday limit usage. The last piece of the process, margin call processing, has similarities with the variation margin process, but it comes with some specificities: in particular, once firms have agreed with their counterparties on the amounts of initial margin and additional collateral, they are then generally relying on tri-party agents to fulfil their collateral requirements. The XVA solution provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. It supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations, all of which can be computed both with full revaluation as well as Taylor-based calculations. Murex is a leading global software provider of trading, risk management, processing operations, and post-trade solutions for capital markets. We see most challenges arising from the first and last piece of the process. Download our MX.3 for Enterprise Risk Management brochure. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs, such as trades, sensitivities, reference data and scenarios. Optimize High-quality liquid asset (HQLA) buffers and unlock investment opportunities. Experience of front to back/risk trade lifecycle, trade workflow, business functionality. Risk managers play a key role in securing the performance of their organization. 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. Our clients have diverse requirements. It brings risk figure consistency across regulatory solutions, such as CVA capital charge, counterparty credit risk risk-weighted assets (RWA), central counterparty (CCP) charge, large exposure reporting or leverage ratio. simulate SIMM on past data to gauge its accuracy and effectiveness. The solution supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations. Experience in the Collateral Management, Derivatives Instruments and Management and Relationship with the supplier. Key Responsibilities Inspect system generated collateral calls for accuracy prior to making margin calls. 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. It provides the optionality to apply advanced treatments for exotics instead of conservative approximations (e.g., breaking down a cap/floor transaction into individual caplets for each flow). They can manage fair value and accrual P&L in one system, monitor the risk and execute economic or accounting hedges. Click here FormGroup-1 * First Name * Last Name * Job Title * Company * Email * Country FormGroup-3 Do You Have a Project? We can see that multiple departments are thus impacted including front office, collateral management operations, risk and legal departments. [2] Users can monitor a wide variety of investment compliance rules on any business dimension in real time, pre- and post-trade. Due to high accuracy and full coverage of risk-weighted assets (RWA) across multiple jurisdictions, this end-to-end solution enables strong capital payback. These include limit suspension, trade hedging or blocking contracts breaching limits. Luxoft 4.5. Control total cost of ownership. On top of these implementation challenges which focus on the daily calculation and processing of IM calls, back-testing and benchmarking requires dedicated attention as part of the model validation exercise. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. Financial institutions have entered a digital race. As IM regulations are being phased-in until 2020, we see a lot of institutions focusing on initial margin as a post-trade down-stream process. 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. It covers a wide range of analytical exposures, including pre-settlement, lending, issuer, country and concentration risks. In a changing financial world, our technology is designed to help our 57,000 daily users respond to the challenges they face today and build foundations for the future. Luxoft 4.5. 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. It supports cash and security pools, pool and trade-level margining and triparty profiles. 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. Not a specific collateral management activity but key for an efficient collateral management process Each party has its own version of a transaction in its system (sometimes even MX.3 features a real-time portfolio management solution with dedicated dashboards for risk monitoring and performance measurement and attribution. MUREX S.A.S. Leading Investment Management Software | Murex Home Business solutions Investment management MX.3 for Investment Management Our clients have diverse requirements. Murex Consultant/Developer Encore Theme Mount Laurel, NJ Estimated $91.9K - $116K a year Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. Responsibilities. Its powerful Monte Carlo engine simulates counterparty credit risk measures. Mizuho Optimizes XVA Desk through MX.3 Extension. <br><br> SME in OTC Derivatives' - Credit, FX and Rates - related events and lifecycle management<br> Experienced . Collateral Management Implementation Stream Lead at Nationwide Murex Jun 2014 - Aug 2015 1 year 3 months. Improve efficiency and cost-effectiveness. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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