Murex Business Analyst / Product Owner - Interest Rate Swaps

N Consulting Ltd; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A consulting firm is seeking a Murex Business Analyst with significant expertise in Interest Rate Swaps to act as a Product Owner, ensuring effective support for trading and risk teams. The ideal candidate will bridge business requirements and technology delivery while managing the product backlog and collaborating across teams. This hybrid role is suitable for individuals with 5-10 years of relevant experience in Murex.

Qualifications

• 5-10 years of experience as a Business Analyst or Product Owner in Murex.
• In-depth understanding of Interest Rate Swaps and other Interest Rate Derivatives.
• Strong knowledge of trade capture, pricing, risk management, and lifecycle events.

Responsibilities

• Act as Product Owner for Interest Rate Swap functionality within Murex.
• Gather and analyze business requirements from various teams.
• Manage the product backlog and prioritize user stories.

Skills

Murex expertise

Interest Rate Swaps

Analytical skills

Stakeholder management

Agile/Scrum practices

Tools

Murex modules

Job description

Overview

Role: Murex Business Analyst / Product Owner - Interest Rate Swaps
Location: London, UK
Experience: 5-10 years
Mode: Hybrid

We are seeking an experienced Murex Business Analyst with strong expertise in Interest Rate Swaps (IRS) and a solid understanding of the front-to-back trade lifecycle. The ideal candidate will act as a Product Owner, bridging business requirements and technology delivery, ensuring that the Murex platform effectively supports trading, risk, and operations teams.

Responsibilities

• Act as Product Owner for Interest Rate Swap-related functionality within Murex.
• Gather, analyze, and document business requirements from trading, risk, and middle office teams.
• Translate business needs into functional specifications for Murex configuration and enhancement.
• Collaborate with development, testing, and support teams to deliver high-quality solutions.
• Manage the product backlog, prioritize user stories, and drive sprint planning.
• Support UAT, issue triage, and production validation.
• Liaise with front office, risk management, and IT to ensure system alignment with business strategy.
• Stay up to date with market trends in IRD, pricing, and regulatory reporting.

Qualifications

• 5-10 years of experience as a Business Analyst or Product Owner in Murex.
• In-depth understanding of Interest Rate Swaps and other Interest Rate Derivatives (IRD).
• Strong knowledge of trade capture, pricing, risk (P&L, sensitivities), and lifecycle events.
• Experience in Murex modules: Trade Capture, Datamart, Workflow, Simulation, and Reporting.
• Proven ability to bridge business and technical teams.
• Excellent analytical, documentation, and stakeholder management skills.
• Exposure to Agile/Scrum delivery and product ownership practices.

Preferred Qualifications

• Knowledge of other asset classes (FX, Bonds, or Credit Derivatives) is a plus.
• Experience in Murex 3.1/3.1x platform upgrades or implementations.
• Familiarity with regulatory and risk initiatives (FRTB, IBOR transition).