Murex Market Risk Senior Consultant

LUXOFT INFORMATION TECHNOLOGY (SINGAPORE) PTE. LTD.; Singapore; On-site; SGD 140,000 - 210,000; Full time

Job summary

Luxoft Information Technology (Singapore) Pte. Ltd. in Singapore seeks a Senior Market Risk Consultant for a strategic Murex MX.3 upgrade.

You will lead requirements gathering, design and delivery of Market Risk modules (VaR, sensitivities, stress testing) across cross-functional teams to ensure regulatory and internal alignment. Role requires hands-on configuration of Murex modules (VAR Cube, Dynamic Simulation, MxRisk), ownership of risk workstreams, and timely delivery of documentation.

Qualifications

• 8+ years of experience in Murex Market Risk.
• Strong knowledge of VaR, stress testing, and back testing.
• Hands-on with Murex modules: MRE, MRA, ERM.
• Experience with SQL, Shell scripting, Python, and Ant scripts.
• Business analysis with requirement gathering and change management.
• Excellent communication and teamwork.

Responsibilities

• Lead requirements gathering and design for 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, MxRisk).
• Perform build, testing, reconciliation, and validation of risk views.
• Demonstrate ownership with hands-on multitasking and strong delivery.

Skills

VaR

Stress testing

Back testing

MRE

MRA

ERM

Market data config

Debugging

Python

Shell scripting

Ant scripts

SQL

Business analysis

Team communication

Job 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

Mandatory Skills: Murex > Integration > ImplementationMurex > Integration > SupportMurex MX Upgrade

Mandatory Skills Description: https://luxhire.luxoft.com/hr/browse/VR-125583#- 8+ years of experience in Murex Market Risk is required

Mandatory Skills:

• 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