Murex Lead Business Analyst - Reconciliation

Luxoft; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading bank of Singapore is seeking a senior Business Analyst for a strategic upgrade of the Murex platform. The candidate will lead business analysis, gather requirements, and validate reconciliation processes. The role requires over ten years of relevant experience in Murex systems and strong analytical skills, with a focus on enhancing system resilience and compliance.

Qualifications

• 10+ years of experience as a senior Business Analyst.
• Proven ability to design and configure reconciliation rules.
• Strong understanding of treasury products and experience in front office projects.

Responsibilities

• Lead end-to-end business analysis for reconciliation initiatives.
• Gather requirements and convert them into functional specifications.
• Own design, configuration, and validation of reconciliation rules.

Skills

Murex 3.1 and above experience

Murex Accounting expertise

Reconciliation module knowledge

Strong communication skills

SQL proficiency

Job description

Overview

One of our client (a leading bank of Singapore) is undertaking a strategic upgrade of its Murex MX.3 platform to enhance system resilience, support new product capabilities, and align with evolving regulatory and operational requirements.This initiative includes upgrading from version 3.1.42.48b to 3.1.6x.x, onboarding the EQA and OSP Excess modules, and implementing comprehensive reconciliation, testing automation, and governance frameworks.

Responsibilities

• Lead end-to-end business analysis for reconciliation initiatives within the Murex platform.
• Conduct detailed requirement gathering sessions with Finance, Operations, Risk, and Technology teams, and convert them into functional specifications (BRD/FSD).
• Own the design, configuration, and validation of reconciliation rules, workflows, exception management, and reporting in Murex.
• Hands-on business analysis role to analyze and propose solutions for business issues, process changes and functional requirements.
• Work with different teams and stakeholders to deliver system solutions for the business
• Gather requirements from Business stakeholders towards scoping of reconciliation of Data between base and target system (across the Front office, Risk, Back office)
• Analyze Reconciliation outputs across base (Mx 2.11) & target system (Mx 3.1) to compare the PL, MV, Cash Flows, Sensitivities for various different asset classes
• Identify the root causes/explanations and mitigation actions for the differences found on the reconciliation outputs.
• Work with end users to explain the root causes and performing the mitigation actions
• Define the tolerances on the reconciliation differences
• Maintain & Update repository of root causes of difference and support in automating the reconciliation execution & explanation
• Perform execution of Reconciliation as per the project requirement & iterations
• Build a strong relationship and manage expectations with users and stakeholders.
• Collaborate with stakeholders on their priorities, needs as well as system improvements.

Skills

Must have

• 10+ years of experience working with Murex 3.1 & above version, as senior Business Analyst/lead
• Strong expertise in Murex Accounting (ACC), Datamart, MxML Exchange, and Reconciliation module
• Proven ability to design, configure, and optimize reconciliation rules, mapping logic, exception workflows, and automated reporting
• Experience in working on a Murex Binary Upgrade project as FO/BO BA
• Deep knowledge of Murex Accounting, Datamart, MxML Exchange, and reconciliation modules
• Experience configuring reconciliation rules, data mapping, exception handling, and reporting in Murex
• Exposure to working on analysis of Recon differences for FO, MO & BO area (at least 1-2 areas required)
• Excellent communication and very good business understanding of front office/back office - especially FXD, FXO, Bond, IRD, IR Futures & IR Repo
• Working knowledge in Murex - front office simulation, trade capture, and event management
• Exposure to Murex e-trade pad, instruments, generators, P&L, Market Value, Sensitivities & simulation knowledge
• Experience in Reconciliation & validation of PL, MV, Cash & Sensitivity numbers for Murex upgrade projects
• Strong team player with excellent communication & inter-personal skills.
• Strong problem solver who can question and understand proposed solutions and business drivers
• Strong organizational and leadership skills
• Strong understanding of treasury products and experience in front office projects
• Ability to work independently and in cross-functional global teams.Demonstrated track record in requirement gathering, BRD/FSD preparation, functional specifications, and solution design
• Ability to lead workshops, manage cross-functional stakeholders (Finance, Operations, Risk, IT, and vendors)
• Experience leading UAT strategy, execution, defect triage, and production rollout
• Capable of mentoring junior analysts, leading reconciliation workstreams, and owning delivery accountability
• Strong command of SQL for reconciliation data analysis and validation.
• Familiarity with ETL/data feeds, reconciliation dashboards, and reporting tools (Datamart, BI tools, etc.)

Nice to have

Murex MxTest experience, Executing Feeders/Extractions, Murex configuration experience - Pre-trade, e-tradepad & Simulation views