Market Risk Murex Techno Functional Engineer

Mizuho; Pune District; On-site; INR 3,800,000 - 6,000,000; Full time

Job summary

Mizuho Pune is seeking an experienced Murex Techno-Functional Engineer with strong Market Risk expertise to act as the primary SME for Murex configurations, risk calculations, and regulatory reporting. The role focuses on VaR, stress testing, and FRTB across FX, Fixed Income, Equities and Commodities.

You will optimize EOD processing, support production operations, and drive automation with Python and Shell.

Qualifications

• 8+ years of hands-on Murex Market Risk experience.
• Experience configuring VaR, Stress Testing, and xVA in Murex.
• Strong Linux/Unix knowledge, scripting (Shell, Python) and automation.
• Regulatory reporting exposure: Basel III, FRTB, SA-CCR.

Responsibilities

• Serve as SME for Murex MRE and MLC modules.
• Configure Murex risk calculations including VaR and stress testing.
• Design risk reports, batch workflows, and Datamart reporting with SLA targets.
• Support FRTB implementation and regulatory reporting.
• Develop and maintain Python/Shell scripts for automation and monitoring.
• Maintain Murex architecture across prod and non-prod environments.
• Troubleshoot risk calculation issues and optimize EOD processing.

Skills

Murex Market Risk

VaR modeling

Murex modules (MRE/MLC)

Datamart configuration

MxML Reports

Batch optimization

Linux/Unix

Shell scripting

Python

DevOps / Cloud

Education

Master's degree in Finance, Mathematics, Engineering, or Quantitative fields

FRM/PRM or CFA preferred

Tools

Control-M

Autosys

Tidal

Job description

At Mizuho, we provide the stability of an international industry leader with the career trajectory of a growing business. Our steady, strategic growth gives our people at all levels rewarding degrees of responsibility and richer work experience than a boutique firm or an established giant could offer alone.

It’s the local expertise of our employees that makes our global network so powerful. By collaborating with colleagues and clients who share the same ambition and drive, you can amplify your sphere of influence and base of knowledge as part of one of the largest banks in the world.

We are seeking a hands-on Murex Techno-Functional Engineer with strong Market Risk expertise to act as the primary SME for Murex Market Risk (MLC/MRE) configurations, risk calculations, and regulatory risk reporting. The ideal candidate will combine deep Market Risk domain knowledge (VaR, Stress Testing, FRTB, sensitivities, and limits management) with hands-on Murex MX.3 technical expertise. The role includes optimizing Market Risk EOD processing, supporting production operations, troubleshooting risk calculation issues, and driving automation and platform improvements.

Key Responsibilities:

• Serve as the primary SME for Murex MRE (Market Risk Engine) and MLC (Limits Controller) modules.
• Configure and maintain Market Risk calculations, including VaR, Stress Testing, and xVA.
• Manage risk matrices, scenario definitions, and exposure calculation methodologies.
• Design MLC reports, LRB tasks, and Datamart risk reports with performance optimization.
• Support FRTB implementation, Basel III compliance, and regulatory risk reporting.
• Act as the primary interface between Market Risk stakeholders and technology teams, translating risk methodology and reporting requirements into Murex configurations and solutions.
• Design and optimize Market Risk EOD batch workflows to meet strict SLA requirements.
• Monitor and manage critical batch jobs, including Market Risk risk calculations, PnL generation, and regulatory reporting.
• Implement automated batch monitoring with real-time alerting for job failures and SLA breaches.
• Perform batch optimization to improve processing times.
• Establish parallel processing strategies for compute-intensive risk calculations.

Level 3 Production Support

• Develop and maintain scripts (Python, Shell) for automated health monitoring and log analysis.
• Support the existing Murex technical architecture across production and non-production environments.
• Conduct incident investigation, troubleshooting, and root cause analysis with timely escalation.

Technical Skills Required:

Core Murex Market Risk Expertise (8+ years mandatory experience)

• Extensive experience with Murex Market Risk Modules (MRE, MLC, Risk Reporting, Datamart, S4C) including hands-on configuration.
• Proficiency in VaR modeling, stress testing, and scenario generation across asset classes.
• Experience in developing and implementing risk formulas in the Murex environment.
• Expertise in Market Risk for FX, Fixed Income, Equities, Commodities, and Derivatives.

Technical Skills:

Mandatory

• Hands-on experience with Murex Datamart configuration, MxML Reports, and batch optimization.
• Strong knowledge of Linux/Unix systems, system scripting, and performance analysis.
• Proficiency in scripting (Shell, Python) with a focus on automation and monitoring.

Preferred

• Database performance tuning for large-scale risk calculations and reporting.
• Advanced batch job monitoring using enterprise scheduling tools (Control-M, Autosys, Tidal).
• Experience with DevOps toolchains and cloud environments (Azure, AWS).

Functional and Risk Domain Awareness:

• Proficiency in VaR methodologies: Historical Simulation, Monte Carlo, Parametric with backtesting.
• Experience with stress testing frameworks and FRTB compliance implementation.
• Knowledge of interest rate, FX, equity, and commodity risk management and reporting.
• Expertise in options risk management, including Greeks calculations and sensitivity analysis.

Operations & Compliance

• Experience in regulatory reporting for Basel III, FRTB, SA-CCR compliance requirements.
• Collaboration with Risk Managers, Traders, and Compliance teams.
• Understanding of the trading lifecycle with a focus on risk controls and monitoring.
• Business continuity and disaster recovery planning for risk-critical systems.

Soft Skills and Attributes:

• Strong analytical mindset with a focus on risk measurement accuracy and SLA compliance.
• Crisis management capabilities for handling critical incidents during trading hours.
• Stakeholder management across Risk, Trading, IT, and Regulatory teams.
• Proactive approach to system optimization and preventive maintenance.
• Excellent communication skills for explaining risk concepts and technical solutions.
• Results-oriented with a commitment to meeting SLA targets and performance goals.

Preferred Qualifications:

• Master's degree in Finance, Mathematics, Engineering, or Quantitative fields.
• Risk management certifications (FRM, PRM) or CFA designation preferred.
• Deep Murex domain knowledge: S4C (risk calculations), MLC (limits management), PAC (pricing/risk).
• Murex technical certifications in Risk modules are highly valuable.

Company Overview:

Mizuho Pune is an integral part of Mizuho Financial Group, one of the world’s leading financial institutions with a strong global presence across the Americas, EMEA, and Asia. Based in India, Mizuho Pune supports Mizuho’s international businesses by delivering high-quality, scalable, and resilient services across multiple functions.

Mizuho Pune plays a critical role in driving operational excellence, standardization, and innovation for Mizuho Americas. By combining deep domain expertise with strong process, technology, and analytical capabilities, it partners closely with regional and global teams to support corporate and investment banking, capital markets, and corporate services functions, while adhering to the highest standards of risk management, regulatory compliance, and control.

Mizuho Pune offers competitive compensation and benefits package aligned with industry standards and local market practices.

Mizuho Pune is an equal opportunity employer and is committed to fostering an inclusive and diverse workplace.

Employment is subject to applicable background verification checks in accordance with Indian laws and company policies.