Operating from our 19 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, across the world. We can see that multiple departments are thus impacted including front office, collateral management operations, risk and legal departments. Gain a holistic view across the banking and trading books. Larger firms that were part of earlier phases, might be using our platform from a front-office perspective, where we are focusing on making sure they can generate sensitivities across asset classes. It specializes in all asset classes while managing collateral, margins, and OTC positions. This allows for an accurate calculation of exposure-at-default (EAD) and a global optimization of the capital charge at the enterprise level. Eliminate manual processes and increase straight-through processing rates. 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. Exceptions are handled manually from a dashboard with a birds eye view. "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. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. MUREX optimizes and integrates trading, risk management and settlement into a package that . Murex provides integrated trading, risk management and processing solutions for banks, asset managers, hedge funds, corporations and energy utilities. 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. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. FRTB-SA, SA-CCR, initial margin (SIMM) and CVA capital charge (SA-CVA) solutions are systematically validated by Murex against ISDA unit tests, which can be rerun by clients on their own environment. Skilled in Murex Collateral Management, Integration, MxML, BO, SWIFT, Confirmations and Notification. It interacts with third-party deal capture systems. 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. 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. Short-term funding desks have tools to book and manage deposits, commercial papers, certificate of deposits, repos, reverse repos and more. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. As a result, we have significantly improved our STP rates and streamlined our processes. Financial institutions have entered a digital race. More than 100 clients worldwide use Murexs treasury 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. The Murex treasury solution is recognized for its real-time capabilities for data, as well as pre- and post-deal limit checks. Murex delivers smart technology to capital markets. Head of Operations Head of finance Head Product Control Head of collateral Back-office analyst Data specialist Pamela Hacker MX.3 maximizes STP, decreases operational risk, and enhances operational control. 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. A similar approach has been taken for FRTB-SA, FRTB-IMA, initial margin, SA-CCR and CVA capital charge. 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. 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. It eliminates unnecessary reconciliation between the front and back offices. Dania Fakredin-Viatte Co-Founder at DayOm Paris. Corporate and retail activities can be integrated in MX.3. Our clients have diverse requirements. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. 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. Connect with key tri-party agents to get collateral allocated. MX.3 empowers funding and issuance desks to run their short- and long-term funding activities. 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.) Cash collateral is provided to Eurex Clearing by way of full title transfer. 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. 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. It eases standard-compliance checks and solution validation by regulators. P&L is calculated on the official position scope models and market data within MX.3, following market standards to assist in accounting standards compliance. The solution provides a complete view of the risks taken by the organization. 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 All exposures can be checked against limits pre-trade and in real time to optimize decisions and reduce operational risk. The Search for a True, Front-to-Back, Modular Vendor Offering . 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. - Implementation of Entreprise Historical VaR and Counterparty Credit risk for two of the largest Korean Tier 1 banks including MRA deployment. Some clients are also looking at extending valuation adjustment capabilities to incorporate funding effects related to IM, in the Margin Valuation Adjustment (MVA). Manage market risk for trading and banking books in one system. 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. 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. This new version has been in effect since the end of 2017. 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. MX.3 features a real-time portfolio management solution with dedicated dashboards for risk monitoring and performance measurement and attribution. MX.3 functional coverage meets them. Security instruments: across both equities and bonds, with out-of-the-box connectivity to Bloomberg to collect ISIN data. Due to high accuracy and full coverage of risk-weighted assets (RWA) across multiple jurisdictions, this end-to-end solution enables strong capital payback. Operations are no exception. MX.3 interfaces with market and reference data providers, multi- and single-dealer platforms, affirmation and clearing, repo management, collateral, settlement and transaction regulatory reporting. Retrospective dashboards summarize excess causes and resolution time and keep top management informed. For example, firms might want to put in place some risk control procedures and limits to closely monitor how far they are from the initial margin threshold. To analyze figures, credit risk officers take advantage of in-memory aggregation technology. 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. Agreements: Master agreements including key provisions used across the platform (e.g., close-out netting), collateral agreements (CSA, GMRA, etc. Learn more in an introductory video. In summary, before, repos in Murex meant you like making your life a challenge. It enables treasury management for subsidiaries, special purpose vehicle (SPV) and branches either in a centralized or a decentralized model. de 2016 - jun. The solution also supports the computation and transfer of funding valuation adjustment (FVA) for derivatives transactions. Extend the usage of securities as collateral. It minimizes the time infrastructure is used for recomputation and enables cost savings with a pay-as-you-go model. #fintech #technology #DigitalBanking. Funding desks can perform further analysis by drilling down to the currency, security or trade-level information. Seamlessly connect in batch and real time. 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. MX.3 enables the management of corporate actions, from sourcing to settlement across various asset classesequities, fixed income and securities finance: Voluntary, mandatory and mandatory with choice events management for securities, listed and OTC derivatives, Full life cycle management, including notification, simulation of elections, reconciliation, settlement and accounting, Corporate actions journal management and automatic propagation to positions, trades and static data, Automated allocation to internal books through configurable rules. 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. 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. 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. Murex, l'un des plus grands diteurs de logiciels franais, dveloppe depuis 1986 la plateforme de rfrence pour les marchs de capitaux. 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. 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. The solutions support variations to the Basel standards and enable clients to adapt more quickly to regulatory changes with packages updates. Mizuho Optimizes XVA Desk through MX.3 Extension. MX.3 offers a fund transfer pricing (FTP) framework integrating the bank's activities to our capital markets solution. MX.3 addresses the requirements of modern treasuries. We have detailed how complex such a project is. MX.3 offers pricing, trade capture and trade life cycle management in a versatile catalog of traditional and structured treasury products. Stress-testing supports historical scenarios as well as the design of hypothetical adverse scenarios, leveraging criteria-based shifts and proxies, addressing risk management and regulatory purposes such as stressed risk measures. 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. Download our MX.3 for Enterprise Risk Management brochure. A high-performance simulated PFE calculation engine gives end users access to an accurate real-time intraday exposure. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. 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. 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, ). MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. 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. MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. Development of Collateral Management related work (including some MxML/Exchange Workflows). Bank treasuries face enormous challenges as they cope with evolving standards and regulations. 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. MX.3 functional coverage meets them. 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. 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. MX.3 offers an end-to-end enterprise-wide solution used by more than 120 customers across all tiers to meet regulatory requirements. 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. We have helped our clients overcome these challenges. 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. Rahba: The new version of the SIMM, 2.0 introduces risk factors for three product types volatility indices, quanto CDS and municipal swaps and includes a full recalibration of parameters (correlations and risk weights). 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. MX.3 empowers institutions with a single repository for trades, orders, positions and reference data, based on a few core foundations: MX.3 features a multi-source, multi-entity, connected global repository supporting our clients current and future operating models; it seamlessly supports back-to-back trades, risk allocation, and inter-entity structures. It facilitates compliance with the latest regulatory requirements and unlocks a fast time to market to cope with new demands. It leverages a pay-as-you-go model and infrastructure elasticity. The full job description is as follows: Location: Jersey City, NJ. Sibos 2022: Listen to Rabobank, Murex and Accenture as they provide perspectives on the opportunities of IT re-platforming. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. IM computation, by aggregating these sensitivities, using risk weights and correlations. Luxoft 4.5. Rahba: Lets look at the end-to-end process of getting IM calls settled on a daily basis. Independent market data and models support an Independent Price Verification (IPV) framework. It facilitates the transfer of funds between accounts through manual or automatic procedures. 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 accuracy and reliability. LEARN HOW BANKDATA LEVERAGES MX.3 TO TRANSITION TO RISK-FREE RATES UNDER IBOR REFORM, AS WELL AS FRTB AND SA-CCR, FOR EIGHT DANISH BANKS. 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. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. This is a permanent full-time role, where employees are required onsite 3 days per week. Download the brochure: MX.3 for Operations and Finance. 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). Centralize collateral management enterprise-wide. MUREX S.A.S. 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. 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. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. 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