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. Supported Traders, Risk Managers and Support teams on client-side to help them leverage on Murex functionalities to optimize operations and reduce time to market new financial products . It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. It facilitates the optimization of HQLA buffers and compliance checking. It recognizes that collateral management has become very intertwined with many business functions within financial institutions. 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. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment . Across all our clients, we are seeing collateral data reinforced as being key across various departments: not only from a VM and IM calculation and processing perspective, but also for pricing, trading and risk management. The solution enables capital management via risk-weighted assets (RWA), including exposure-at-default either with a standard (e.g., SA-CCR) or internal model method (PFE with IMM waiver), CVA risk charge and central counterparty (CCP) capital charge calculation. 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. 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). 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. Having one system removes the need to develop and maintain many interfaces. Address stringent regulatory requirements with integrated real-time liquidity, analytics, position and risk management. Validation workflows that include the four-eyes principle can be applied to all changes made on reference data and limits. Murex has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. The complexity of these risks leads to ever-more-intensive computational needs, which require enterprise risk management software. Be flexible enough to cater for SIMM specifics on top of an existing usage (e.g. Learn more about the event here: http://bit.ly/3XITM8J MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. Risk management. VaR). More than 100 clients worldwide use Murexs treasury solution. 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. Ensure financial resilience. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. Fully managed by Murex, the solution leverages a shared and elastic infrastructure. 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). 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. Manage market risk for trading and banking books in one system. Murex 3 View on IT architecture In-house Package FIER Market Risk Data Warehouse triResolve Portfolio Reconciliation Intellimatch Reconciliation . Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. As IM regulations are being phased-in until 2020, we see a lot of institutions focusing on initial margin as a post-trade down-stream process. 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). MX.3 functional coverage meets them. 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 powered by a robust, high-volume infrastructure with a global real-time operating model. Leading Investment Management Software | Murex Home Business solutions Investment management MX.3 for Investment Management Our clients have diverse requirements. Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs, such as trades, sensitivities, reference data and scenarios. Short-term funding desks have tools to book and manage deposits, commercial papers, certificate of deposits, repos, reverse repos and more. Development/Support in Murex Collateral Management. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. Collateral Management Implementation Stream Lead at Nationwide Murex Jun 2014 - Aug 2015 1 year 3 months. The project ran from July 2019 to June 2022, going live in May 2022. Remote. Mizuho Optimizes XVA Desk through MX.3 Extension. Murex's modular platform includes products such as MX.3 for Risk Control and MX.3 for Collateral Management, both of which have won a growing following among customers that have begun to standardize on Murex's trading and risk management product portfolio. It is an integrating platform to optimize liquidity management, precisely measure risk and control operational cost. 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 The Search for a True, Front-to-Back, Modular Vendor Offering . 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. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. To successfully compete, they must leverage technology and deliver new value to customers. "Legacy systems cannot adapt fast enough to . 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. Centralize collateral management enterprise-wide. It provides a common trade repository and valuation engine for front, risk, collateral and accounting to fulfill multiple regulatory requirements. Murex helps capital markets firms achieve new growth paths and connects them to all participants. MX.3's flexible structuring tool and adaptable configurations make it simple for end-users to extend coverage to additional structured products on the fly. Corrections trigger smart recomputation based only on what is impacted by the change. Some of the built-in ledger functions include FX management, which balances calculations with the ability to book balance adjustments, as well as accounting periods management and automated feed to the general ledger. It offers real-time dashboards to monitor repricing gaps, rates and currency exposures (e.g., DV01 and OAS) for trading and banking book products. 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. Dania Fakredin-Viatte Co-Founder at DayOm Paris. Leverage innovation, scale and amplify with the power of the cloud. $1bn in innovation over 10 years Murex partners with over 300 clients, including global banks, market makers, leading multi-regional banks, regional and national banks. Participated in the Implementation of Murex Collateral Management System. 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. 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. MX.3 offers strong analysis capabilities to risk officers. $136,000 to $150,000 Yearly. MX.3 for Collateral Management has helped more than 100 financial institutions streamline collateral operations with regulatory compliance. 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. Aug 2013 - Jun 20162 years 11 months. Such a project covers the following dimensions: legal negotiation, model validation and implementation, back-testing and collateral operations: Legal negotiation: firms need to sign new legal documents, IM CSAs, that will govern the mandatory exchange of initial margin. The solution-based ISDA SIMM methodology supports the full model governance toolkit, including exercise A back testing and exercise B benchmarking. Innovate and improve customer experience and personalization. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. Murex Specialist at iNovoTek Solutions United Kingdom. [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. This includes calculation of bilateral BCBS/IOSCO WGMR margin rules. <br><br> SME in OTC Derivatives' - Credit, FX and Rates - related events and lifecycle management<br> Experienced . Similarly, they need to provide benchmarking results, comparing SIMM to another model (e.g. 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. Holiday calendars: with connectivity to market utilities such as Swaps Monitor. Learn more in an introductory video. Extend the usage of securities as collateral. MX.3 maximizes STP, decreases operational risk, and enhances operational control. It automates the entire calculation chain with the full data set to improve accuracy. The aim is long-term value creation. Rahba: First and foremost, firms need to be regulatory compliant by exchanging margins on a daily basis. Murex has over 2,500 team members across 19 locations who provide cutting-edge technology, superior customer service and unique product innovation. Right after an execution is done, the process is automated with platforms such as DTCC CTM and Markitwire or the SWIFT matching solution. Out-of-the-box connectivity to reconciliation tools facilitates cash, security position and collateral exposure reconciliation. 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. Powerful KPI reporting for operational risk control and regulatory indicators is provided, as well as statistics on time-to-match, time-to-clear. We have detailed how complex such a project is. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. The solution supports full management of limit excesses, whether caused by intraday activity or end-of-day batch. Of course, there are variations with readiness and the degree of work required to get up to speed with margin rules and SIMM 2.0 depending on the size and shape of the firm itself. MX.3 addresses two main principles. It is designed to be flexible enough to support changing regulatory requirements while centralizing and simplifying them, ensuring . Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. Mizuho Optimizes XVA Desk through MX.3 Extension. In October 2021, Murex's MX.3 platform was implemented at . Murex helps capital markets firms achieve new growth paths and connects them to all participants. Our clients have diverse requirements. Break silos. 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. and business. Knowledge of collateral management a big plus but not a must. In summary, before, repos in Murex meant you like making your life a challenge. 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. 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