Murex Quantitative Analyst

Amidel; Johannesburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Amidel is a leading Information Technology and Business Consulting company delivering specialized solutions to enterprises in both private and public sectors. We are seeking a skilled Murex Quantitative Analyst to join our team to drive pricing, risk analysis, and financial modelling within the Murex environment.

The role focuses on developing and validating pricing models, conducting risk assessments, and collaborating with technical and business teams to deliver quantitative solutions.

Qualifications

• 3+ years of experience as a Quantitative Analyst or in a similar role within a financial institution
• Experience with Murex pricing and risk modules is highly desirable
• Master's or PhD in related quantitative discipline
• Strong knowledge of Monte Carlo simulations, finite difference methods, and regression analysis
• Proficiency in Python, R, or MATLAB

Responsibilities

• Develop, implement, and validate pricing models for derivatives and structured products.
• Calibrate models using market data to ensure pricing accuracy.
• Perform sensitivity analysis and stress testing across market scenarios.
• Analyse risk metrics produced by Murex and align with risk frameworks.
• Collaborate with Murex developers to integrate models into the platform.
• Document model design, calibration, validation, and assumptions; prepare detailed reports.

Skills

Murex pricing & risk

Quantitative modelling

Risk analysis

Python

Communication

Cross-functional collaboration

Education

Master's or PhD in a quantitative field

Tools

MATLAB

SQL

Excel

Job description

Amidel is a leading Information Technology and Business Consulting company that delivers highly specialized solutions to large and small enterprises in both the private and public sectors. Our team of experts collaborates with clients to provide innovative and tailored solutions that address their unique challenges and drive business success.

We are seeking a skilled and experienced Murex Quantitative Analyst to join our dynamic team. The ideal candidate should have a strong quantitative background combined with hands-on experience in financial modelling, risk analysis, and pricing using the Murex platform. As a Murex Quantitative Analyst, you will be responsible for developing and validating pricing models, performing risk assessments, and collaborating with both technical and business teams to integrate quantitative methodologies within our Murex environment.

Job family:

Financial Engineering/Quantitative Analysis

Minimum Experience:

• 3+ years of experience as a Quantitative Analyst or in a similar role within a financial institution
• Experience with Murex pricing and risk modules is highly desirable

Education Requirements:

Master's or Ph.D. in Financial Engineering, Mathematics, Statistics, Physics, or a related quantitative discipline

Contract Type:

Fixed-Term: 12 months

RESPONSIBILITIES

Responsibilities differ across client engagements but may include:

• Quantitative Modelling & Pricing:
  • Develop, implement, and validate pricing models for a range of financial instruments including derivatives and structured products.
  • Calibrate models using market data to ensure pricing accuracy and consistency.
  • Perform sensitivity analysis and stress testing to assess model performance under various market scenarios.
• Risk Management & Analysis:
  • Analyse and interpret risk metrics produced by the Murex system, ensuring alignment with internal risk frameworks and regulatory standards.
  • Assist in enhancing risk measurement tools and methodologies within the Murex platform.
  • Collaborate with risk management teams to adjust model parameters and assumptions.
• Integration & Platform Enhancement:
  • Work closely with Murex Developers to integrate quantitative models into the Murex platform efficiently.
  • Contribute to the customization of the Murex environment to accommodate advanced analytical requirements.
  • Support troubleshooting and optimization of quantitative modules within the platform.
• Research and Continuous Improvement:
  • Stay updated on market trends, regulatory developments, and advancements in quantitative techniques.
  • Identify opportunities to leverage new quantitative methods to improve pricing accuracy and risk assessments.
  • Contribute to the continuous improvement of the analytical frameworks at Amidel.
• Documentation & Reporting:
  • Document model design, calibration, validation processes, and assumptions thoroughly.
  • Prepare detailed reports and presentations for internal stakeholders and regulatory reviews.
  • Ensure adherence to industry best practices in model risk management and documentation.

QUALIFICATIONS AND COMPETENCIES

• Quantitative Expertise:
  • Demonstrate advanced proficiency in quantitative modelling techniques such as Monte Carlo simulations, finite difference methods, and regression analysis.
  • Strong understanding of financial instruments including derivatives, fixed income, and structured products.
• Murex Platform Familiarity:
  • Experience working with the Murex platform, specifically in relation to pricing and risk modules, is highly desirable.
  • Ability to collaborate effectively with Murex technical teams to implement quantitative solutions.
• Technical Acumen:
  • Proficient in statistical programming and data analysis tools such as Python, R, or MATLAB.
  • Familiarity with SQL and other database querying languages is a plus.
• Analytical & Problem-Solving Skills:
  • Exhibit strong analytical skills with the ability to interpret complex market data and identify underlying trends.
  • Proactive approach to problem solving with a keen attention to detail.
• Communication & Collaboration:
  • Excellent verbal and written communication skills, capable of explaining complex quantitative concepts to both technical and non-technical stakeholders.
  • Demonstrated ability to work effectively in cross-functional teams and manage multiple priorities.
• Adaptability & Continuous Learning:
  • Flexibility to adapt to evolving market conditions, regulatory changes, and technological advancements.
  • Commitment to continuous professional development and staying current with industry trends.
• Client Focus:
  • Maintain a client-centric approach, ensuring that quantitative solutions align with client requirements and contribute to overall business success.
  • Ability to engage with clients to understand their needs and deliver actionable insights.