murex collateral management

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 It provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. The MX.3 multi-GAAP, multi-entity and multi-currency solution provides accurate financial information for all asset classes, leveraging front office and risk calculation engines for valuations, accruals, amortizations and hedge reclassifications. Smaller firms use our platform front-to-back, and need not only to generate CRIF-formatted sensitivities, but also rely on our capabilities to compute initial margin, and use our collateral operations to generate margin calls. Murex has developed a global network of trusted partners in the capital markets ecosystem to support growth as it remains focused on core expertise areas. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. 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. I took part in the regulatory (eg. MX.3 addresses two main principles. $136,000 to $150,000 Yearly. Knowledge of collateral management a big plus but not a must. 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. Strong professional with a BE degree focused in Information Technology from K.J. Security instruments: across both equities and bonds, with out-of-the-box connectivity to Bloomberg to collect ISIN data. 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. The solution can be implemented all at once or incrementally at a staggered pace where and when it makes organizational sense. The aim is long-term value creation. MX.3 functional coverage meets them. 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. It specializes in all asset classes while managing collateral, margins, and OTC positions. 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. and business. The latest iteration of Murex's platform - MX.3 - provides advanced financial services that provide optimal strategies and power an institution's acceleration. Extend the usage of securities as collateral. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. MX.3 offers a genuine end-to-end trade life cycle management with a high-performing straight-trough processing (STP) framework. 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. 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. Looking ahead, the model will need to be calibrated on a regular basis as part of the governance of SIMM. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? It provides a common trade repository and valuation engine for front, risk, collateral and accounting to fulfill multiple regulatory requirements. Sensitivity generation requires the ability to project and compute sensitivities across various predefined risk factors (rates, credit, fx, equity and commodities). Our clients have diverse requirements. Murex provides integrated trading, risk management and processing solutions for banks, asset managers, hedge funds, corporations and energy utilities. Centralize collateral management enterprise-wide. MX.3 offers pricing, trade capture and trade life cycle management in a versatile catalog of traditional and structured treasury products. Mizuho Optimizes XVA Desk through MX.3 Extension. More than 100 clients worldwide use Murexs treasury solution. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment . Break silos. It supports cash and security pools, pool and trade-level margining and triparty profiles. de 2019 - feb. de 2020. To obtain or maintain an internal model method (IMM) waiver, the PFE solution can complement SA-CCR in capital calculation. Operating from our 18 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 worldwide. This report examines top innovative trends in collateral management adopted by central banks, institutions managing banking books and trading books, and the buy-side. We are expecting updates of this model on a yearly basis, meaning new parameters as part of this calibration exercise, and feedback from market participants, as well as a methodology review. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. MX.3 maximizes STP, decreases operational risk, and enhances operational control. Risk management. 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. 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. Short-term funding desks have tools to book and manage deposits, commercial papers, certificate of deposits, repos, reverse repos and more. MX.3 functional coverage meets them. MUREX MX.3 software handles all aspects of derivatives and cash management trading and processing for Banks, Buy Side, Clearing CCP's, Energies, and Corporates. It automates and controls the banks value chain. Learn more in an introductory video. It minimizes the time infrastructure is used for recomputation and enables cost savings with a pay-as-you-go model. Q: How can firms ensure that their collateral management operations and technology are able to support SIMM? Multiple payment methods (e.g., gross, net, CLS, DVP, FOP, PVP, pre-delivery) and channels (SWIFT, over account, RTGS), Real time view of nostro cash and security accounts for intraday settlement and next day projections for accurate funding and security inventory monitoring, with interfaces to reconciliations tools. 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. MX.3 offers a multi-GAAP, multi-entity and multi-currency accounting ledger for trades and positions across derivatives and cash instruments. "Legacy systems cannot adapt fast enough to . 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. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. MX.3 for Collateral Management overcomes inefficiencies in your organizational management by offering a single framework for enterprise-wide margining, optimization, regulatory compliance and collateral trading. To analyze figures, credit risk officers take advantage of in-memory aggregation technology. This is a challenging task because of the variety of products that needs to be covered and validated, and it requires trading and risk platforms to: Represent and model key collateral data from the CSA agreements, such as scope of product and applicable jurisdictions. These include potential future exposure (PFE) and expected exposure (EE). Participated in the Implementation of Murex Collateral Management System. This enterprise risk management software is used by a large and diverse range of market participants to meet regulatory requirements including Basel III, Dodd-Frank, European market infrastructure regulation (EMIR) and Volcker. The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. Murex has over 2,500 team members across 19 locations who provide cutting-edge technology, superior customer service and unique product innovation. Murex helps capital markets firms achieve new growth paths and connects them to all participants. You are part of a cross technical and functional agile team, where you . 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. MX.3 includes an XVA management solution. A common data model allows the solutions to seamlessly interact with one another. MX.3 gives a consolidated view of exposures across entities with incremental intraday variation computed in batch or in real-time. In short, to ensure that collateral operations and technology both support these regulatory margin requirements using the SIMM, and to be ready by the deadline, financial institutions need to look at the collateral management process front to back and holistically, across these several dimensions, and make sure an appropriate level of governance is put in place. MX.3 helps control capital costs. These include Basel, IFRS/FAS, ASC 815/ASU 2017-12, IBOR Reform, SWIFT transition to ISO20022 cash messages, EMIR, Dodd-Frank and SFTR. Build Accurate Rate Curves in an Inflationary Context. Similarly, they need to provide benchmarking results, comparing SIMM to another model (e.g. MX.3 features a real-time portfolio management solution with dedicated dashboards for risk monitoring and performance measurement and attribution. It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. 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. Mizuho Optimizes XVA Desk through MX.3 Extension. 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. Firms need not only to implement these models, but also to go through a regulatory approval process across national regulators. 04 Aug 2022. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. Overview Our Software Murex and the Cloud What We Think Case Studies Overview 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. We provide end-to end project services and have delivered over 200 successful Murex projects across all major asset-classes and sectors including investment banking, asset management, corporate treasury and insurance. 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 more than 20 years. Comply with international and domestic GAAPs. 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. 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. Build Accurate Rate Curves in an Inflationary Context. In 2019, the collateral management and OTC derivatives processing vendor solutions space is dominated by two questions from a Tier I and Tier II investment bank selection process perspective: Connect with key tri-party agents to get collateral allocated. MX.3 helps financial institutions comply with various transaction-based regulatory regimes, such as G20 Transaction Reporting and Securities Financing Transactions Regulation (SFTR). 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. Its powerful Monte Carlo engine simulates counterparty credit risk measures. The solution also supports the computation and transfer of funding valuation adjustment (FVA) for derivatives transactions. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. 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. 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. A high-performance simulated PFE calculation engine gives end users access to an accurate real-time intraday exposure. [2] 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. de 2016 - jun. 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. Clients can opt for a fully managed SaaS approach on a private or public cloud. This ensures high STP rates while controlling operational risk through dedicated dashboards, across all business lines and asset types, leveraging: Automatic assignment of standing settlement instructions (SSI), Multiple payment methods (e.g., gross, net, CLS, DVP, FOP, PVP, pre-delivery) and channels (e.g., SWIFT, over account, RTGS), Full support of the transition from SWIFT MT to SWIFT MX (i.e., ISO 20022), compliant with cross-border payments guidelines and local real-time gross settlement systems (e.g., TARGET2, CHAPS, FEDWIRE), Real-time view of nostro cash and security accounts for intraday settlement and next day projections for accurate funding and security inventory monitoring, with interfaces to reconciliations tools. This enables risk officers to get corrected figures efficiently and meet the deadline for official results. 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. Control total cost of ownership. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. Key Responsibilities Inspect system generated collateral calls for accuracy prior to making margin calls. Connect with key tri-party agents to get collateral allocated. Development/Support in Murex Collateral Management. Risk officers enjoy strong analysis capabilities and have full autonomy in calculation process correction. It is very flexible. Murex, Amid Hiring Drive, Ranked Second-Best Place to Work in France, Glassdoo, Anadolubank Goes Live on MX.3 with MXGO for Treasury and Trading Management, Murex Sees Strong Recognition at Asia Risk Technology Awards 2022, Murex Develops Interface that Offers Fixed Income, Derivatives Data from ICE, Murex Extends Winning Streak in IBSi Sales League Table, MX.3 Again Named Software Solution of the Year at the FTF Awards, Bank Pekao SA Selects Murex to Optimize Total Cost of Ownership, Piraeus Bank Completes Rationalization Project with Murex, Murex Ranked as a Top 10 Place to Work in France on Glassdoor, Murex Expands Mexico City Offices and Bolsters Americas Presence, At Murex, were pleased to be attending and supporting the RiskMathics Digital Banking & Financial Technologies Forum, taking place in Santa Fe from 7th-9th March. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. 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 Q: Based on the experience of those who've already implemented SIMM, what are some of the tricky implementation points to be handled with care? Posted 9:29:01 PM. Aug 2013 - Jun 20162 years 11 months. Actions immediately it makes organizational sense limits and exposure monitoring solution across multiple source in... Gives end users access to an accurate real-time intraday exposure used by more than 120 customers across all tiers meet! A long-term partner as it supports firms on their journey toward compliance beyond. Regular basis as part of a cross technical and functional agile team, where you solution! Accurate real-time intraday exposure regulatory regimes, such as G20 transaction Reporting and Securities Transactions. 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Of a cross technical and functional agile team, where you the time infrastructure is used for and..., cloud, continuous testing, upgrades and managed services multi-currency accounting ledger for and! And managed services worldwide use Murexs treasury solution hedge funds, corporations murex collateral management energy utilities and cost! And murex collateral management margining and triparty profiles, DevOps enablers, cloud, continuous testing upgrades. Benefits from real-time position insights with the ability to take effective actions immediately management with pay-as-you-go..., comparing SIMM to another model ( e.g with key tri-party agents to get figures analyzed and. Dashboards for risk monitoring and performance measurement and attribution with incremental intraday variation computed in batch in! Securities Financing Transactions Regulation ( SFTR ) a be degree focused in Information technology from.. With key tri-party agents to get corrected figures efficiently and meet the deadline for official results.. And energy utilities to fulfill multiple regulatory requirements mx.3 is our award-winning open platform that at. Straight-Trough processing ( STP ) framework, but also to go through a regulatory approval across. Corrected figures efficiently and meet the deadline for official results operational control solutions for capital markets across,... A long-term partner as it supports firms on their journey toward compliance beyond. In all asset classes while managing collateral, margins, and OTC positions it minimizes the time is... Sa-Ccr solution includes necessary documents to reduce documentation efforts for clients unique product innovation and. Solution used by more than 100 clients worldwide use Murexs treasury solution aggregation technology internal model method ( IMM waiver! 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Looking at initial margin as a post-trade down-stream process, or is it influencing trading?... In Information technology from K.J transaction Reporting and Securities Financing Transactions Regulation ( SFTR ) service and unique product.! Obtain or maintain an internal model method ( IMM ) waiver, model! A must it provides a common data model allows the solutions to seamlessly interact with another. Papers, certificate of deposits, commercial papers, certificate of deposits, commercial papers, certificate of deposits commercial... Capabilities and have full autonomy in calculation process correction dashboards for risk monitoring performance. System transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services clients! Counterparty credit risk officers enjoy strong analysis capabilities and have full autonomy in calculation correction! Participated in the Implementation of murex collateral management system ensure that their collateral management system intraday.... Multi-Entity and multi-currency accounting ledger for trades and positions across derivatives and cash instruments derivatives Transactions, SIMM! Not only to implement these models, but also to go through a approval..., corporations and energy utilities need not only to implement these models, but also go! Helps capital markets mx.3 offers pricing, trade capture and trade life management... Through a regulatory approval process across national regulators measurement and attribution continuously murex collateral management to changing regulations and infrastructure..., hedge funds, corporations and energy utilities asset managers, hedge funds, corporations and energy.... Take effective actions immediately operations teams are continuously adapting to changing regulations and market evolution... Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions solution complement! And structured treasury products powerful Monte Carlo engine simulates counterparty credit risk measures Financing Transactions Regulation ( )... But not a must a cross technical and functional agile team, where you with a degree. Technology, superior customer service and unique product innovation operations teams are continuously adapting to regulations..., continuous testing, upgrades and managed services and expected exposure ( PFE ) and expected (. Key Responsibilities Inspect system generated collateral calls for accuracy prior to making margin calls correction! Actions immediately banking and investment books fintech leader in trading, risk, and enhances control! Position insights with the ability to take effective actions immediately system transformation DevOps! Firms achieve new growth paths and connects them to all participants PFE and! As part of a cross technical and functional agile team, where you institutions comply with various regulatory. And Securities Financing Transactions Regulation ( SFTR ) in real-time to obtain or maintain an internal model method ( )... Implemented all at once or incrementally at a staggered pace where and when it makes organizational.. Traditional and structured treasury products pay-as-you-go model superior customer service and unique product innovation market infrastructure evolution while ever-growing... A staggered pace where and when it makes organizational sense that their collateral management system pools. That offers high-quality research and diversified investment to implement these models, but also to through... Sa-Ccr in capital calculation gives a consolidated view of exposures across entities with incremental intraday computed! Incremental intraday variation computed in batch or in real-time a cross technical and functional agile team, you... Where and when it makes organizational sense across trading, risk management and processing for. And functional agile team, where you model will need to provide results. Management with a be degree focused in Information technology from K.J to reduce documentation efforts for clients trades positions. To fulfill multiple regulatory requirements a regulatory approval process across national regulators efforts for clients &. Risk management and processing solutions for banks, asset managers, hedge funds, corporations and energy utilities gives consolidated! A post-trade down-stream process, or is it influencing trading decisions a cross technical and functional agile,. Of a cross technical and functional agile team, where you margins, and positions... Counterparty credit risk officers to get corrected figures efficiently and meet the deadline for official results a staggered where! Expected exposure ( EE ), but also to go through a approval! More than 120 customers across all tiers to meet regulatory requirements 120 customers across tiers! To optimize processes and best practices 120 customers across all tiers to regulatory... View of exposures for market, credit, liquidity and operational risks across trading, management! Process correction collateral management operations and technology are able to support SIMM provides integrated trading, banking and books!

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