A high-performance simulated PFE calculation engine gives end users access to an accurate real-time intraday exposure. Luis Alejandro Medina Portillo, Market Specialist & Regional Manager at Murex LatAm, will be joining an expert panel at the event to discuss the evolving roles of traditional banking and fintech. These include Basel, IFRS/FAS, ASC 815/ASU 2017-12, IBOR Reform, SWIFT transition to ISO20022 cash messages, EMIR, Dodd-Frank and SFTR. Murex Collateral Workflow Resource. 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. Complementary to the on-premises deployment model, XVA solutions can leverage a version-agnostic business process as a service (BPaaS) offering for intensive computation. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. Validation workflows that include the four-eyes principle can be applied to all changes made on reference data and limits. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. Connect with key tri-party agents to get collateral allocated. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. Learn more about the event here: http://bit.ly/3XITM8J Each regulatory solution is a stepping stone to another. The Test engineer applies the Murex test processes to ensure that a client instance meets its LinkedIn. Remote. 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 is the integrating capital markets platform Discover MX.3 Sales and trading Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. Business dashboards summarize excess causes and resolution time and keep senior management informed. The industry has widely adopted the ISDA Standard Initial Margin Model, which is a parametric Value-at-Risk model that involves the aggregation of sensitivities across various risk factors (similar to the FRTB standardized approach). 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). Leading Investment Management Software | Murex Home Business solutions Investment management MX.3 for Investment Management Our clients have diverse requirements. Risk managers play a key role in securing the performance of their organization. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. Head of Operations Head of finance Head Product Control Head of collateral Back-office analyst Data specialist Pamela Hacker 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. MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. Murex is a leading global software provider of trading, risk management, processing operations, and post-trade solutions for capital markets. Overview. This enterprise-wide solution, used by more than 150 customers across all tiers, has a broad range of analytical and simulated methodologies, such as Monte Carlo potential future exposure (PFE). Extend the usage of securities as collateral. 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. Sibos 2022: Listen to Rabobank, Murex and Accenture as they provide perspectives on the opportunities of IT re-platforming. 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. Beyond the automation capabilities enabled, which include margining, allocation, settlement and accounting, MX.3 is designed and uniquely positioned to provide integrated functions: optimize allocations according to cheapest to deliver, maintain enterprise inventory of securities, integrate with securities finance, refine XVA pricing and risk management and comply with regulations such as SFTR and SA-CCR. Innovate and improve customer experience and personalization. Gain a holistic view across the banking and trading books. 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. Our clients have diverse requirements. It provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. 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 . Be flexible enough to cater for SIMM specifics on top of an existing usage (e.g. Larger firms, for whom initial margin requirements have been phased in since September 2016, tend to have a more decentralised risk infrastructure. It enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. In a nutshell, a SIMM project involves various parties (front-office, risk, operations, legal) and different technology capabilities along those functions, so one of the challenges is to set up the right project governance model. 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. Consistency is enforced by a shared reference data repository and a common calculation framework. Mizuho Optimizes XVA Desk through MX.3 Extension. Murexs ownership of this process allowed Banorte to focus on our own complete internal operating overhaul for setting up a dedicated XVA desk. 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. Somaiya COE, Mumbai | Learn more about Sachin . Banks implement either standardized or internal models for market and credit risk to reduce capital costs (e.g., FRTB-IMA, SA-CVA, etc.). MX.3 features a real-time portfolio management solution with dedicated dashboards for risk monitoring and performance measurement and attribution. Murex Workflow and Collateral Management experienced resource needed for a remote role supporting aSee this and similar jobs on LinkedIn. It facilitates the optimization of HQLA buffers and enables compliance check. Have handson work experience of Java, Spring, ORacle and Sybase db. What are the New Trading Trends and Opportunities in 2023? We can see that multiple departments are thus impacted including front office, collateral management operations, risk and legal departments. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. Mizuho Optimizes XVA Desk through MX.3 Extension. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan Risk management. It supports trading, treasury, risk and post-trade operations to help clients meet regulatory requirements and to manage risk and IT costs. 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 reduces IT cost and improves the time to market as regulatory changes unfold. Learn how peers benefit from MX.3. MX.3 functional coverage meets them. The Search for a True, Front-to-Back, Modular Vendor Offering . Operations and Finance Software For Capital Markets | Murex Home Business solutions Operations and finance MX.3 for Operations and Finance Our clients have diverse requirements. Development of Collateral Management related work (including some MxML/Exchange Workflows). MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. 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. It automates and controls the banks value chain. 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. In summary, before, repos in Murex meant you like making your life a challenge. Comply with international and domestic GAAPs. Cross-asset platform MX.3 business processes cover all asset classes and functions for treasury, trading and investment activities. 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. 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 enables treasury management for subsidiaries, special purpose vehicle (SPV) and branches either in a centralized or a decentralized model. 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.) ComDer Clearing House - Chile, Calypso project . All exposures can be checked against limits pre-trade and in real time to optimize decisions and reduce operational risk. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. Optimize High-quality liquid asset (HQLA) buffers and unlock investment opportunities. The bank already had Murex for their Money Market, FX, Equities and Rates business lines but not for collateral,. Q: How different is version 2.0 of SIMM compared to the previous version? Out-of-the-box connectivity to reconciliation tools facilitates cash, security position and collateral exposure reconciliation. Breaches are routed to a proper investigation and resolution of causesthis provides efficiency to the risk controller. Manage market risk for trading and banking books in one system. 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). simulate SIMM on past data to gauge its accuracy and effectiveness. It recognizes that collateral management has become very intertwined with many business functions within financial institutions. 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. The last piece of the process, margin call processing, has similarities with the variation margin process, but it comes with some specificities: in particular, once firms have agreed with their counterparties on the amounts of initial margin and additional collateral, they are then generally relying on tri-party agents to fulfil their collateral requirements. 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 Rahba: Lets look at the end-to-end process of getting IM calls settled on a daily basis. The solution can be implemented all at once or incrementally at a staggered pace where and when it makes organizational sense. 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. Murex has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. 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. Key Responsibilities Inspect system generated collateral calls for accuracy prior to making margin calls. MX.3 offers an enterprise-wide solution for global credit risk management. MX.3 is a scalable, multi-entity platform. Clients can opt for a fully managed SaaS approach on a private or public cloud. This agile foundation brings together a specialized set of business process to deliver regulatory. The solution supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations. The solution enables bank-wide monitoring of nostro balances in real time. Experience in the Collateral Management, Derivatives Instruments and Management and Relationship with the supplier. 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