Murex Collateral QA functional SME

Bounteous; Bengaluru; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Bounteous in Bengaluru is seeking an experienced Murex MX.3 specialist to join our Collateral Management team. This role translates complex collateral and margining requirements into robust MX.3 solutions, collaborating with front office, risk, operations and IT to design, configure, and deliver functions that keep collateral processes efficient and compliant.

You will oversee the full delivery lifecycle from design to go-live, applying product knowledge across OTC derivatives, FX, fixed income,

Qualifications

• 8+ years as BA/functional consultant in Murex MX.3, focused on Collateral Management.
• Solid grasp of margin call processing, exposure calculation, and collateral optimization.
• Experience with OTC derivatives, FX, fixed income, repo, and SFTs.
• Experience across requirements, configuration, testing, and implementation support.
• Skilled in SQL, Unix/Linux and MxML workflows.
• Familiarity with AcadiaSoft or TriResolve and regulatory frameworks (UMR, BCBS-IOSCO, Basel III).

Responsibilities

• Act as functional lead for Murex MX.3, focused on Collateral Management.
• Translate business requirements from trading/risk/operations into specs and configurations.
• Support design, build, UAT, regression testing, and go-live.
• Advise on margin and exposure workflows (Initial/Variation Margin, CSA/ISDA, SIMM, haircuts).
• Apply product knowledge across derivatives to reflect real trading behavior.
• Coordinate with regulatory/compliance to align with UMR, BCBS-IOSCO, Basel III.
• Integrate Murex with AcadiaSoft/TriResolve, SWIFT, custodians, settlements.
• Write/troubleshoot SQL, shell scripts, and MxML flows.
• Participate in Agile ceremonies; contribute to CI/CD and cloud delivery.
• Provide production support and root-cause analysis for collateral/margin incidents.

Skills

Margin call

Exposure calc

Collateral optimization

SQL

Unix/Linux

MxML

Agile ceremonies

CI/CD

Cloud delivery

SWIFT messaging

Tools

Murex MX.3

AcadiaSoft

TriResolve

Shell scripting

SWIFT

MxML

Job description

5 to 15 years of experience
Skills: Murex Collateral module, test, test automation, BO, FO, Margin call, Haircut

About the Role

We are looking for an experienced Murex specialist to join our Collateral Management technology team. This role sits at the intersection of business and technology, translating complex collateral and margining requirements into robust Murex MX.3 solutions. You'll work closely with front office, risk, operations, and IT teams to design, configure, and deliver functionality that keeps our collateral processes efficient, compliant, and future-ready.

What You'll Do

• Act as the functional lead for Murex MX.3 initiatives, with a primary focus on the Collateral Management module
• Gather and translate business requirements from trading, risk, and operations stakeholders into functional specifications and system configurations
• Support the full delivery lifecycle — from design and build through UAT, regression testing, and go-live
• Advise on margin and exposure workflows spanning Initial Margin, Variation Margin, CSA/ISDA terms, SIMM calculations, haircuts, and eligibility schedules
• Apply product knowledge across OTC derivatives, FX, Fixed Income, Repo, and Securities Financing Transactions to ensure collateral logic reflects real trading behavior
• Partner with regulatory and compliance teams to keep collateral processes aligned with Uncleared Margin Rules (UMR), BCBS-IOSCO standards, and Basel III requirements
• Contribute to integrations linking Murex with third-party margining platforms (e.g., AcadiaSoft, TriResolve), SWIFT messaging, custodian banks, and downstream settlement systems
• Write and troubleshoot SQL queries, shell scripts, and MxML flows to support configuration, data investigation, and issue resolution
• Participate in Agile ceremonies and contribute to CI/CD and cloud-based delivery pipelines where applicable
• Provide production support and root-cause analysis for collateral and margin-related incidents

What You Bring

• 8+ years working as a Business Analyst or Functional Consultant on Murex MX.3, with substantial time spent in Collateral Management
• Solid grasp of margin call processing, exposure calculation, and collateral optimization concepts
• Practical understanding of derivatives and financing products (OTC, FX, Fixed Income, Repo, SFTs) and how they drive collateral requirements
• Comfort working across the delivery lifecycle: requirements definition, system configuration, test planning/execution, and implementation support
• Technical fluency in SQL, Unix/Linux environments, and MxML
• Familiarity with industry margining utilities such as AcadiaSoft or TriResolve
• Working knowledge of regulatory frameworks impacting collateral — UMR, BCBS-IOSCO, Basel III
• Exposure to Agile methodologies, DevOps practices, and cloud infrastructure
• Prior experience connecting Murex to SWIFT networks, custodians, or settlement platforms is a strong plus
• Scripting or development experience in Python or Java is a plus

Why do I get up every morning excited to start my day at Bounteous? I am able to have an impact - to my teams, clients, and Bounteous. To me, that means I am able to contribute to something bigger than myself. I can ask questions, challenge the status quo, and contribute to new ways of doing things. Working with teams of energetic, fun, and innovative people collaborating to solve some of the most challenging problems that our clients and Bounteous face is truly rewarding! My roles here have allowed me the opportunity to challenge myself, grow, and contribute to a better Bounteous.

Let's discuss how Bounteous can help your organization turn AI into business outcomes