Development of Collateral Management related work (including some MxML/Exchange Workflows). Overview. It specializes in all asset classes while managing collateral, margins, and OTC positions. Financial institutions have entered a digital race. Firms will need to be able to comply with these basic SIMM calculation models, and methodology reviews, and maintain these calculation calibrations on a yearly basis. Development/Support in Murex Collateral Management. Looking ahead, the model will need to be calibrated on a regular basis as part of the governance of SIMM. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. Be flexible enough to cater for SIMM specifics on top of an existing usage (e.g. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. The solution includes full access rights management and audit procedures. 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. Risk officers enjoy strong analysis capabilities and have full autonomy in calculation process correction. I took part in the regulatory (eg. Central management enables consistent and efficient monitoring of intraday limit usage. MX.3 enables institutions to achieve these objectives from trade booking to affirmation / confirmation, down to settlement and position management. The full job description is as follows: Location: Jersey City, NJ. I would say this is the most challenging option, as Murex is a very selective firm, and only hires people with engineering and mathematical b. This new version has been in effect since the end of 2017. Facing a quickly evolving regulatory environment, MX.3 enables clients to stay ahead, across various processes: Collateral management, with uncleared margin rules, Transaction Regulatory Reporting, with the coming major rules review (e.g., EMIR refit, CFTC rewrite). 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 Positions are natively represented to serve different business processes. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. The system relies on its generic workflow framework handling, transactions, settlements, static data and more: It is real time to minimize processing time. MX.3 includes an XVA management solution. Remote. de 2019 - feb. de 2020. Business dashboards summarize excess causes and resolution time and keep senior management informed. FRTB-SA can be implemented on top of SIMM at an optimized cost. The solution offers a centralized inventory of all securities that come from fixed income and equity cash business lines, securities lending and borrowing, repo collateral and securities held or pledged as collateral assets. 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. Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. MX.3 offers a fund transfer pricing (FTP) framework integrating the bank's activities to our capital markets solution. For SA-CCR, accuracy of figures reduces the risk-weighted assets (RWA). In each client jurisdiction, a local regulatory watch ensures those packages remain up-to-date with regulation changes. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. It eliminates unnecessary reconciliation between the front and back offices. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. MX.3 is tailored to manage asset class specifics, from securities settlement for securities finance to cash payment for the high-volume FX business, harnessing CLS services, from automated eligibility, submission and matching to settlement. VaR). Connect with key tri-party agents to get collateral allocated. Provide capabilities to output various types of sensitivities delta, vega, curvature. Murex Information We are the long-term technology partner for the capital markets, working with financial institutions in over 60 countries to adapt and evolve their IT systems. 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. MX.3 is at the heart of the banks IT infrastructure, connecting seamlessly with existing systems (e.g., core banking, data warehouse, general ledger, etc.) Comply with evolving global and local regulations and standards. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. The IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. As a back-office user, the processing work is reduced to the minimum with a high degree of automation from matching to clearing and settlement. Its MX.3 platform is engineered to meet evolving challenges. ), netting agreements. and the wider capital markets ecosystem. Operating from our 19 offices, 2400 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is . Click here FormGroup-1 * First Name * Last Name * Job Title * Company * Email * Country FormGroup-3 Do You Have a Project? Learn how peers benefit from MX.3. This enables risk officers to get corrected figures efficiently and meet the deadline for official results. Corrections trigger smart recomputation based only on what is impacted by the change. Because all cash transactions are transferred into a single account at Eurex Clearing, segregation is achieved on the clearing house level using the record-keeping of Eurex . It highlights the need for collateral management systems to: Extend the VM process to IM, including the ability to process in real-time margin calls on an electronic messaging platform such as Acadiasoft Marghinsphere. Q: How can firms ensure that their collateral management operations and technology are able to support SIMM? Trade level CVA and FVA can be allocated to the proper unit of account. Seamlessly connect in batch and real time. 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. 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. The solution features a flexible global operating model that mirrors a financial institutions entity structure with desks, books, portfolios or other hierarchical dimensions. Its powerful Monte Carlo engine simulates counterparty credit risk measures. 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. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. FRTB-SA leverages over two decades of experience in sensitivity analyticsit brings accuracy and rich product coverage. Similarly, they need to provide benchmarking results, comparing SIMM to another model (e.g. [1] Murex was founded in 1986 in Paris by Laurent Nel and Salim Edde, who were soon followed by Salim's three brothers and his brother-in-law. 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. What are the New Trading Trends and Opportunities in 2023? It supports trading, treasury, risk and post-trade operations to help clients meet regulatory requirements and to manage risk and IT costs. It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. Download our MX.3 for Enterprise Risk Management brochure. 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? Format results as per the standard ISDA CRIF (Common Risk Interchange Format). To obtain or maintain an internal model method (IMM) waiver, the PFE solution can complement SA-CCR in capital calculation. Murex Recent Developments. Learn more in an introductory video. MX.3 offers margining, regulatory compliance and collateral trading for all asset classes: bilateral or cleared OTC, repo or securities lending, and exchange traded derivatives products. Experience of front to back/risk trade lifecycle, trade workflow, business functionality. Murex Consultant at Dutch Pension Group - MX3 Collateral Management Module Implementation Initial Workshops | Scoping | Analysis | Design | Build | Testing | Murex Agile Methodology Murex. 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. These include limit suspension, trade hedging or blocking contracts breaching limits. 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. 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. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. Remote. Responsibilities. 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. Risk management. simulate SIMM on past data to gauge its accuracy and effectiveness. It automates and controls the banks value chain. 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 future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. Retrospective dashboards summarize excess causes and resolution time and keep top management informed. 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. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. MX.3's dashboards offer treasurers a bird's-eye view of liquidity ladders, liquid asset buffers and cash and securities inventory to aid secured and unsecured funding decisions. It is a three-step process: Sensitivities generation, across various asset classes and products. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. 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. MX.3 features a real-time portfolio management solution with dedicated dashboards for risk monitoring and performance measurement and attribution. Some clients are also looking at extending valuation adjustment capabilities to incorporate funding effects related to IM, in the Margin Valuation Adjustment (MVA). The solution provides a complete view of the risks taken by the organization. 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