Murex Credit Risk Consultant

Role Summary

Our client is seeking an experienced Murex Credit Risk Consultant to support the implementation, enhancement, integration, and production support of the Murex Credit Risk platform. This role typically combines functional, technical, and business analysis responsibilities.

In this role, you will work closely with Credit Risk, Market Risk, Front Office, Middle Office, Risk Management, and Technology teams to deliver credit risk solutions covering counterparty exposure, collateral management, limits monitoring, XVA, and regulatory reporting. You will participate in new implementations, upgrades, BAU support, and strategic transformation initiatives while ensuring that credit risk calculations and regulatory requirements are accurately implemented within the Murex platform.

Key Responsibilities

Functional Responsibilities

• Configure and support Murex Credit Risk modules.

•  Analyze business requirements from Credit Risk and Trading teams.

•  Configure counterparty risk calculations.

•  Support Credit Exposure calculations including:

o Current Exposure

o Potential Future Exposure (PFE)

o Expected Exposure (EE)

o Expected Positive Exposure (EPE)

•  Configure collateral and margining workflows.

•  Support CSA agreements and collateral optimization.

•  Configure credit limits and monitoring.

•  Implement wrong-way risk methodologies.

•  Support settlement risk calculations.

•  Configure netting agreements.

•  Validate exposure calculations with business users.

•  Produce Functional Specification Documents (FSD).

•  Produce Business Requirement Documents (BRD).

•  Conduct User Acceptance Testing (UAT).

•  Prepare test cases and reconciliation reports.

•  Support production incidents.

1. Technical Responsibilities

•  Configure Murex workflows.

•  Develop SQL queries.

•  Analyze Oracle database data.

•  Support batch processing.

•  Analyze performance issues.

•  Support upgrades and migrations.

•  Coordinate deployment activities.

•  Work with developers on bug fixes.

•  Review technical designs.

1. Risk Management Responsibilities

Support implementation of:

• Counterparty Credit Risk

•  Credit Limits

•  Exposure Aggregation

•  Netting Agreements

•  Collateral Management

1. Project Responsibilities

•  Participate in end-to-end Murex implementation projects.

•  Work with Front Office, Risk, Operations, Finance, and IT.

•  Gather requirements.

•  Conduct workshops.

•  Perform gap analysis.

•  Prepare solution designs.

•  Execute SIT/UAT support.

•  Support production cutover.

•  Deliver post-production support.

Our Ideal Candidate

1. Murex

•  Murex MX.3

•  Credit Risk Module

•  Counterparty Risk

•  Exposure Management

•  Credit Limits

•  Collateral Management

•  Margining

1. Financial Products

Knowledge in some of the below products:

•  FX

•  Money Market

•  Fixed Income

•  Bonds

•  Repos

•  IRS

•  CCS

•  FRA

•  Options

•  Swaps

•  Futures

•  Commodities

•  Structured Products

•  OTC Derivatives

1. Technical Skills

•  SQL

•  Oracle Database

•  UNIX/Linux

•  Shell Scripting

•  XML

1. Risk Knowledge

Good understanding of:

• Counterparty Credit Risk (CCR)

•  SA-CCR

•  Credit Limits

1. Banking Knowledge

Knowledge of:

•  Treasury

•  Capital Markets

•  Trading Operations

•  Middle Office

•  Risk Management

1. Preferred Skills

•  Murex Upgrade Projects

•  Murex Migration Projects

•  Murex Integration

•  Agile / Scrum

1. Soft Skills

•  Excellent analytical skills

•  Strong problem-solving ability

•  Stakeholder management

•  Client-facing communication

•  Strong documentation skills

•  Leadership abilities

•  Ability to work under pressure

•  Team player

•  Excellent presentation skills

1. Education

 Bachelor's degree in any of the below:

• Computer Science

• Information Technology

• Engineering

• Mathematics

• Finance

• Financial Engineering

1. Experience

•  5–8+ years of Murex experience

•  Minimum 3 years in Credit Risk implementation/support

•  Experience in at least one end-to-end Murex implementation

•  Experience in upgrade or migration projects

•  Experience working with global investment banks

•  Production support experience is an advantage

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