Murex Upgrade_Market Risk Lead Consultant

LUXOFT INFORMATION TECHNOLOGY (SINGAPORE) PTE. LTD.; Singapore; On-site; SGD 100,000 - 130,000; Full time

Job summary

A leading technology firm in Singapore is seeking a Risk Consultant Lead to oversee the upgrade of their Murex MX.3 platform for market risk capabilities. The ideal candidate will have over 10 years of experience in Murex Market Risk and be proficient in VaR and stress testing. Responsibilities include leading implementation projects, tracking milestones, and collaborating with IT teams. Strong communication and technical skills are essential for this role.

Qualifications

• 10+ years of experience in Murex Market Risk.
• Strong knowledge of market risk measures.
• Experience with relevant technical skills such as SQL and Python.

Responsibilities

• Act as Risk Consultant Lead for upgrade project.
• Lead requirement understanding and implementation.
• Track and report on milestones and risks.

Skills

Murex Market Risk experience

Knowledge of VaR

Understanding of stress testing

Experience with SQL

Experience with Python

Strong communication skills

Tools

Murex

SQL

Shell Scripting

Ant Scripts

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

• Prime role is to act as a Risk Consultant Lead for upgrade project across IT and the business
• Lead the requirement understanding to design and implementation of the market risk module in Murex (VaR, sensitivities, stress testing, etc.)
• Lead the delivery of market risk workstreams in implementation or upgrade projects
• Track and report on milestones, risks, and dependencies
• Work with different IT teams across infrastructure, and other divisions to deliver system solutions for the business
• Strong knowledge of market risk measures (VaR, sensitivities, stress tests)
• Understanding of risk regulation and internal risk frameworks
• Hands-on experience with Murex Market Risk modules (VAR cube, dynamic simulation, MxRisk)
• Familiarity with financial products: IRD, FXD, EQD, CRD, Commodities
• Build a strong relationship and manage expectations with users and stakeholders
• Candidate is expected to be fully hands-on when managing assigned tasks and while acquiring the necessary skills as expected of the role and responsibilities. An independent worker who can multi-task is a must-have quality
• Involve Build, Test & Reconciliation of Market Risk views, Stress Test Reports
• Ensure timely delivery of all market risk configurations and documentation

Mandatory Skills

• 10+ 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
• Candidate must have strong verbal and written communication skills
• Murex upgrade experience

Nice-to-Have Skills

• Understanding of Trade Life Cycle