Murex Market Risk Consultant

Luxoft; Gurugram District; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

Luxoft is seeking an experienced Murex Market Risk specialist in India to lead enhancements and optimizations of the Murex platform. You will engage with end users to document requirements and own MR configurations, driving accurate VaR, PV01, CR01, and PnL validation across MM, FI, FX, and IR derivatives.

You will collaborate with Risk, Front Office, and IT, troubleshoot complex computations, and mentor junior team members while contributing to automation and faster release cycles.

Qualifications

• 8+ years in Murex Market Risk module
• Deep expertise in Murex Market Risk Environment (MRE) module
• Develop, configure, and optimize Market Risk calculations independently
• Configure and run risk computations including reval runs, normalized runs
• Strong business stakeholder management with risk measure validations
• Deep understanding of asset classes including MM, Fixed Income, FX, and IR Derivatives
• Hands-on experience in Market Risk validations (VaR, Stress Testing)
• Configure and validate Market Risk measures such as VaR, PV01, CR01, and PnL vectors
• Explain differences in VaR results between Murex and other risk systems
• Strong SQL skills for data analysis and validation using Oracle/SQL Server

Responsibilities

• Lead Market Risk enhancements and optimizations in the Murex platform
• Engage with end users to gather, clarify, and document business requirements
• Own and drive Murex Market Risk configurations and optimizations
• Optimize risk methodologies and calculation formulas for performance and accuracy
• Conduct impact analysis and validation of Market Risk measures (VaR, PV01, CR01, PnL vectors)
• Drive functional validations for Market Risk metrics and coordinate testing with end users
• Troubleshoot and resolve complex issues related to Market Risk computations
• Collaborate with Risk, Front Office, and IT for seamless integration of risk measures
• Provide guidance and mentorship to junior team members
• Contribute to process automation and release cycle improvements

Skills

Murex Market Risk

Murex Environment (MRE)

Risk calculations

VaR, PV01, CR01, PnL vectors

SQL / Oracle

Stakeholder management

Asset classes knowledge

MR validation

Tools

Unix/Linux

Shell

Python

Git

Job description

Project description

We have been engaged by a large European Bank to provide experienced professionals for their Murex Market Risk program.The program focuses on delivering a robust risk management platform for Treasury Front Office, TMO, and Risk teams to effectively manage the bank's funding and market risk exposures. Team members are expected to bring deep expertise, drive change initiatives, and work closely with business stakeholders to ensure seamless delivery of enhancements and new functionalities.

Responsibilities

• - Lead Market Risk enhancements and optimizations in the Murex platform
• - Independently engage with end users to gather, clarify, and document business requirements
• - Own and drive the implementation of Murex Market Risk configurations and optimizations
• - Optimize existing risk methodologies and calculation formulas to improve performance and accuracy
• - Conduct impact analysis and validation of Market Risk measures (e.g., VaR, PV01, CR01, PnL vectors)
• - Drive functional validations for Market Risk metrics and coordinate testing with end users
• - Troubleshoot, debug and resolve complex issues related to Market Risk computations
• - Work closely with cross-functional teams including Risk, Front Office, and IT to ensure seamless integration of risk measures
• - Provide guidance and mentorship to junior team members
• - Contribute to process automation and continuous improvement of release cycles

SKILLS

Must have

• - 8+ years of experience in Murex Market Risk module
• - Deep expertise in Murex Market Risk Environment (MRE) module
• - Proven ability to develop, configure, and optimize Market Risk calculations independently
• - Experience in configuring and running risk computations including reval runs, normalized runs
• - Strong business stakeholder management skills, with experience in running risk measure validations
• - Deep understanding of asset classes including MM, Fixed Income, FX, and IR Derivatives
• - Extensive hands-on experience in Market Risk functional validations (e.g., Interest Rate VaR, Stress Testing)
• - Expertise in configuring and validating various Market Risk measures such as VaR, PV01, CR01, and PnL vectors
• - Strong analytical skills to explain differences in VaR results between Murex and other risk systems
• - Solid understanding of Oracle and/or SQL Server RDBMS, with strong SQL skills for data analysis and validation

Nice to have

• - Experience with Unix/Linux environments and scripting (Shell, Python, etc.)
• - Exposure to GIT for version control
• - Good knowledge of CI/CD methodologies and tools
• - Development skills in MxML, DataMart, or other Murex modules
• - Understanding of regulatory risk requirements (FRTB, Basel framework, etc.)