DFA, Volcker Rule .) More than 100 clients worldwide use Murexs treasury solution. 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). MX.3 helps financial institutions comply with various transaction-based regulatory regimes, such as G20 Transaction Reporting and Securities Financing Transactions Regulation (SFTR). 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 Overview. Second, it provides control,with tools to monitor and act on exceptions along with a cradle-to-grave audit trail. It facilitates the optimization of HQLA buffers and compliance checking. Connect with key tri-party agents to get collateral allocated. So it should not be underestimated. 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 runs each process in a fully automated manner, such as routing or exception checks based on a set of predefined rules. Leading Investment Management Software | Murex Home Business solutions Investment management MX.3 for Investment Management Our clients have diverse requirements. 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. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment . Murex, l'un des plus grands diteurs de logiciels franais, dveloppe depuis 1986 la plateforme de rfrence pour les marchs de capitaux. Independent market data and models support an Independent Price Verification (IPV) framework. All business objects come with standard data management functionalities (e.g., lineage, extension capabilities, audit, four-eyes validation) and can be synchronized with external repositories. This enables risk officers to get corrected figures efficiently and meet the deadline for official results. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. Collateral operations: once firms are equipped with capabilities to compute regulatory-compliant initial margins, they need to update their collateral processes to ensure these margins get settled on time. Murex Workflow and Collateral Management experienced resource needed for a remote role supporting aSee this and similar jobs on LinkedIn. Skilled in Murex Collateral Management, Integration, MxML, BO, SWIFT, Confirmations and Notification. MX.3 functional coverage meets them. Select a preferred infrastructure option. We have detailed how complex such a project is. What are the New Trading Trends and Opportunities in 2023? 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. Murex is a company that provides financial software for trading, treasury, risk, and post-trade operations for financial markets. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. Seamlessly connect in batch and real time. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. 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. To serve large and complex computations, MX.3 provides a proprietary grid or can be integrated with the IBM Symphony grid, and supports both CPU and GPU engines. 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. The XVA solution provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. This agile foundation brings together a specialized set of business process to deliver regulatory. 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. Refocus and expand business. "Legacy systems cannot adapt fast enough to . XVA P&L can be fully broken down by various effects such as time decay, instrument type (e.g., forex, interest rates or spreads movements), trade and market operation effects. 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. 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, Integrate front-to-back-to-risk offices. "This data should be synchronised with positions, market data and settlement events from multiple sources and legal entities, solving the fundamental collateral management challenge of timely data aggregation. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. Regulations have had a dramatic impact across all business processes within capital markets. The solution includes full access rights management and audit procedures. MX.3 evolves with accounting market practices and its integrated nature allows any new products to be easily handled and speedily released to trading teams. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. Rahba: Lets look at the end-to-end process of getting IM calls settled on a daily basis. FRTB-SA leverages over two decades of experience in sensitivity analyticsit brings accuracy and rich product coverage. Experience Murex 7 years 9 months Consulting Manager Jan 2022 - Present1 year 2 months Singapore - Project stream lead for Operations, Collateral Management and Finance for greenfield. Comply with international and domestic GAAPs. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Murex invested early in regulatory risk solutions, and has been following evolutions with clients ever since, often offering updated packages for legacy installations to meet overlapping and shifting regulatory deadlines. Corporate and retail activities can be integrated in MX.3. 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. The solutions support variations to the Basel standards and enable clients to adapt more quickly to regulatory changes with packages updates. Similarly, they need to provide benchmarking results, comparing SIMM to another model (e.g. MX.3 provides enterprise solutions that allow banks to control market, credit, and liquidity risk for internal and regulatory compliance. It enables treasury management for subsidiaries, special purpose vehicle (SPV) and branches either in a centralized or a decentralized model. It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. 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. This report examines top innovative trends in collateral management adopted by central banks, institutions managing banking books and trading books, and the buy-side. Treasurers have a complete view of the funding requirements and liquidity profile of the banking and trading business units in a single dashboard. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. Users are prompted for manual review and action only if an exception check fails. MX.3 is a scalable, multi-entity platform. These include potential future exposure (PFE) and expected exposure (EE). Many banks deploy Murex's third generation platform MX.3 to manage risk, accelerate transformation, and simplify compliance, all while driving revenue growth. Market conditions demand prioritized bank focus on treasury departments. High-throughput integration capabilities for trade execution and positions are supported. Alex Rojas Full Stack Developer - Javascript (ES6), MongoDB . It supports trading, treasury, risk and post-trade operations to help clients meet regulatory requirements and to manage risk and IT costs. 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. MX.3 offers a multi-GAAP, multi-entity and multi-currency accounting ledger for trades and positions across derivatives and cash instruments. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. It is based on qualitative interviews with over 30 market participants conducted in the second and third quarters of 2020. Remote. 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. Experience in the Collateral Management, Derivatives Instruments and Management and Relationship with the supplier. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs without recalculation. Break silos. MX.3s fully integrating platform model enables streamlined collaboration across all departments. 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. Data mapping richness helps clients cut costs and effort required for extractions, mapping and reconciliations. Mizuho Optimizes XVA Desk through MX.3 Extension. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. Answer (1 of 3): Three options: 1- get hired by Murex: they have offices throughout the world (Paris, New York, Beirut, Singapore, Sao Paolo, Shangai, ). Manage market risk for trading and banking books in one system. Larger firms, for whom initial margin requirements have been phased in since September 2016, tend to have a more decentralised risk infrastructure. Financial institutions have entered a digital race. Mizuho Optimizes XVA Desk through MX.3 Extension. Extend the usage of securities as collateral. I took part in the regulatory (eg. IM computation, by aggregating these sensitivities, using risk weights and correlations. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? Smaller firms that will phase in between now and 2020, generally have a more centralised way of managing the process from sensitivity generation across asset classes down to margin calculation and so on. Development of Collateral Management related work (including some MxML/Exchange Workflows). MX.3 for Enterprise Risk Management is a cloud-ready solution that enables risk managers to stay one step ahead on risk control and to achieve regulatory compliance. It interacts with third-party deal capture systems. Regulatory and market evolutions require risk managers to monitor more granular and diversified types of risks. 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). 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. 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. MX.3 functional coverage meets them. Breaches are routed to a proper investigation and resolution of causesthis provides efficiency to the risk controller. It facilitates proper risk management, transparency and governance. MXCMS provides end to end solution for Collateral management which is being given by Murex and the leader in Capital market Trading Platform.IT provide a single collateral Platform across. Cross-asset platform MX.3 business processes cover all asset classes and functions for treasury, trading and investment activities. Additionally, the common technical framework ensures that consultants reuse existing skills to speed up FRTB-SA projects. What are the New Trading Trends and Opportunities in 2023? Dedicated alliance managers define relevant strategies with system integrators, connectivity partners, technology partners and industry associations across all regions. Risk management team head for Murex Korea Ltd (Seoul Office) : - First worldwide end to end implementation of Murex new Enterprise Collateral Management solution at a Tier 1 Korean bank. Its MX.3 platform is engineered to meet evolving challenges. Murex provides integrated trading, risk management and processing solutions for banks, asset managers, hedge funds, corporations and energy utilities. It provides accurate credit risk measures (e.g., issuer lending, notional, pre-settlement, settlement)across all asset classes. Sensitivity generation requires the ability to project and compute sensitivities across various predefined risk factors (rates, credit, fx, equity and commodities). Operating from our 19 offices, 2500 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. Finance teams operate in a complex world of multiple currencies, across multiple legal entities with multiple accounting schemas. Collateral Management Implementation Stream Lead at Nationwide Murex Jun 2014 - Aug 2015 1 year 3 months. In summary, before, repos in Murex meant you like making your life a challenge. Exceptions are handled manually from a dashboard with a birds eye view. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. 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. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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. MUREX S.A.S. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. MX.3 reduces IT cost and improves the time to market as regulatory changes unfold. Aujourd'hui, 2 500 experts de plus de 60 nationalits rpartis sur 19 bureaux travers le monde, rpondent aux problmatiques critiques de 57 000 utilisateurs aux quatre coins du globe. To meet the growing demand for our First Derivative services, we are looking to hire a Murex Business Analyst in South Africa to work with our production support and development team. Corrections trigger smart recomputation based only on what is impacted by the change. It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. Operating collateral management in a centralized manner across bilateral and cleared OTC, listed derivatives, repo trading and securities lending reduces operating costs and makes it easier to optimize collateral inventory use. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. 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. MUREX SAS, 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. It is very flexible. XVA P&L can be fully broken down by various effects such as time decay, market (e.g., forex, interest rates or spreads movements), trade and market operation effects. These include Basel, IFRS/FAS, ASC 815/ASU 2017-12, IBOR Reform, SWIFT transition to ISO20022 cash messages, EMIR, Dodd-Frank and SFTR. Each regulatory solution is a stepping stone to another. These include limit suspension, trade hedging or blocking contracts breaching limits. Risk control can monitor the SA-CCR in addition to the existing CEM framework in a single system. Used by more than 200 customers across all tiers, MX.3 offers end-to-end enterprise-wide and cross-asset solutions covering over 300 payoffs. Mizuho Optimizes XVA Desk through MX.3 Extension. 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. It is exception-based. 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). Rahba: Firms need to embark on quite a long and complex journey to get their organisation and collateral management procedures up to speed with the phase-in of initial margin regulations. Bank treasuries face enormous challenges as they cope with evolving standards and regulations. The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. Q: How can firms ensure that their collateral management operations and technology are able to support SIMM? 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. 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