Murex Market Risk Consultant

Luxoft; Singapore; On-site; SGD 180,000 - 240,000; Full time

Job summary

Luxoft is engaged on a strategic Murex MX.3 upgrade for a leading bank in Singapore. The Senior Market Risk Consultant will drive requirements, design and delivery of market risk modules, including VaR, stress testing and dynamic simulations, while coordinating cross-functional IT and business teams.

You will own risk workstreams, monitor milestones, and ensure compliance with regulatory and internal frameworks, with hands-on configuration of Murex modules and risk data sources.

Qualifications

• 8+ years of Murex Market Risk experience.
• Strong understanding of VaR and stress testing.
• Hands-on experience with MRE, MRA, ERM and market data configuration.
• Proficiency in SQL, shell scripting, Python and Ant Scripts.
• Experience in business analysis and defining functional requirements.
• Excellent written and verbal communication; team oriented.

Responsibilities

• Act as Senior Market Risk Consultant for Murex upgrade programs.
• Lead requirements gathering, design, and delivery of Market Risk modules.
• Own and manage market risk workstreams, milestones, risks and dependencies.
• Collaborate with IT and business teams to deliver risk solutions.
• Configure and support Murex Market Risk modules (VAR Cube, Dynamic Simulation).
• Participate in rebuild, testing, reconciliation and validation of risk views.
• Ensure alignment with regulatory and internal risk frameworks.

Skills

Murex Market Risk

VaR, Stress testing

MRE, MRA, ERM & Market data config

Debugging and development

SQL

Shell scripting

Python

Ant Scripts

Business analysis

Communication & teamwork

Tools

SQL

Shell

Python

Ant Scripts

Job description

Project description

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

• Act as Senior Market Risk Consultant for Murex implementation and upgrade programs
• Lead requirements gathering, design, and delivery of Market Risk modules (VaR, sensitivities, stress testing)
• Own and manage market risk workstreams, milestones, risks, and dependencies
• Collaborate with cross-functional IT and business teams to deliver risk solutions
• Apply market risk methodologies and ensure alignment with regulatory and internal frameworks
• Configure and support Murex Market Risk modules (VAR Cube, Dynamic Simulation, MxRisk)
• Support market risk across IRD, FXD, EQD, CRD, and Commodities products
• Perform build, testing, reconciliation, and validation of risk views and stress reports
• Manage stakeholder expectations and ensure timely delivery of configurations and documentation
• Demonstrate strong ownership with a hands-on, independent, and multitasking approach

SKILLS

Must have

• 8+ years of experience in Murex Market Risk is required
• Good knowledge on VaR, Stress testing, back testing
• Good knowledge and hands-on experience on MRE ,MRA, ERM & Market data configuration, Debugging and development, scenario generation
• Good hands on experience on relevant technical skills (SQL, Shell Scripting, Python and Ant Scripts)
• Hands-on business analysis role to analyse, process changes and functional requirements
• Good technical background
• Team player with good communication & inter-personal skills
• You should have strong verbal and written communication skills
• Murex upgrade experience

Nice to have

Understanding of Trade Life Cycle