Classify these sensitivities, according to the SIMM rules, possibly relying on an external utility providing such classification services. These include limit suspension, trade hedging or blocking contracts breaching limits. Comply with evolving global and local regulations and standards. This is complemented by a real-time limit and exposure monitoring solution. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. Centralize collateral management enterprise-wide. It enables fast decision-making and reduces operational risk. In a nutshell, a SIMM project involves various parties (front-office, risk, operations, legal) and different technology capabilities along those functions, so one of the challenges is to set up the right project governance model. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. MX.3 provides enterprise solutions that allow banks to control market, credit, and liquidity risk for internal and regulatory compliance. VaR). It provides the optionality to apply advanced treatments for exotics instead of conservative approximations (e.g., breaking down a cap/floor transaction into individual caplets for each flow). Learn more about how to achieve internal and external business process digitalization. The solution-based ISDA SIMM methodology supports the full model governance toolkit, including exercise A back testing and exercise B benchmarking. More than ever, a bank must secure diversified funding sources, review pricing rules and implement tighter risk, liquidity and collateral controls. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. It is a great tool for collateral management or for triparty repos where you can import the actual position at the end of the day. It is a three-step process: Sensitivities generation, across various asset classes and products. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. Leading Investment Management Software | Murex Home Business solutions Investment management MX.3 for Investment Management Our clients have diverse requirements. The solution offers a centralized inventory of all securities that come from fixed income and equity cash business lines, securities lending and borrowing, repo collateral and securities held or pledged as collateral assets. Empower the buy side to manage positions, cash and securities inventories, and risk across asset classes in real-time with MX.3. Development/Support in Murex Collateral Management. NAB Significantly Improves Performance by Migrating MX.3 to AWS, Pavilion Energy, Upskills, Murex Deploy MX.3 to Azure, Leading Mexican Bank Banorte Strengthens Credit Risk Management Practices, Rabobank Achieves Strategic Transformation with Murex MX.3, BIBD Embraces Murex Solution for Bank Treasury with Islamic Finance, Momentum Metropolitan Migrates, Upgrades MX.3 to AWS, Murex Enables NCB to Meet Complex SA-CCR Requirements, ABN AMRO Relies on Murex and smartTrade to Automate the Full FX value Chain, Krungsri (Bank of Ayudhya) Manages Higher Volumes, Rapidly Scales with Murex, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, Nationwide Outlines Critical Factors in Selecting Murex as Treasury Vendor, Murexs Philippe Helou Discusses IBSi Sales League Table 2022 Win, ICBC Standard Bank Details Main Benefits of Using MX.3 for Commodities Trading, ICBC Standard Bank COO Reveals Deciding Factors in Selecting Murex as Partner, Rabobank Chief Digital Officer Details the Transformation Journey with MX.3, IBSI FinTech Journal August 2021 - The Big Interview. MX.3 increases transparency and visibility, giving end users, managers and auditors a complete view of the full hedge accounting chain, from trade booking to documentation to financial statements. It automates and controls the banks value chain. All business objects come with standard data management functionalities (e.g., lineage, extension capabilities, audit, four-eyes validation) and can be synchronized with external repositories. MX.3 offers strong analysis capabilities to risk officers. MX.3 enables institutions to achieve these objectives from trade booking to affirmation / confirmation, down to settlement and position management. The MX.3 platform offers banking book integration, a centralized inventory of all securities including from trading activity, securities lending and borrowing, repo collateral and securities held or pledged as collateral assets. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. Answer (1 of 3): Three options: 1- get hired by Murex: they have offices throughout the world (Paris, New York, Beirut, Singapore, Sao Paolo, Shangai, ). It facilitates the optimization of HQLA buffers and enables compliance check. MUREX MX.3 software handles all aspects of derivatives and cash management trading and processing for Banks, Buy Side, Clearing CCP's, Energies, and Corporates. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. Full-Time. WHAT WE DELIVERED: With the successful introduction of collateral management on Murex, the client achieved their goal of setting up a future-proof and cost-effective collateral management architecture and platform. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. To meet the growing demand for our First Derivative services, we are looking to hire a Murex Business Analyst in South Africa to work with our production support and development team. Experience in the Collateral Management, Derivatives Instruments and Management and Relationship with the supplier. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. Murex Information We are the long-term technology partner for the capital markets, working with financial institutions in over 60 countries to adapt and evolve their IT systems. With SA-CCR, when collateral management is managed within the same MX.3 platform, the exposure-at-default (EAD) measure can be reduced in real-time while improving accuracy and reliability. Paris, London, Swindon Cowrie Financial Murex Practice Consultant . Firms will need to be able to comply with these basic SIMM calculation models, and methodology reviews, and maintain these calculation calibrations on a yearly basis. High-throughput integration capabilities for trade execution and positions are supported. see more Enterprise risk management Build an overall strategy for regulatory compliance and internal risk management. MX.3 is a scalable, multi-entity platform. Download our MX.3 for Enterprise Risk Management brochure. Murex supports diverse financial services clients, from banking and asset management to commodities and energy. It covers internal market risk; fundamental review of the trading book (FRTB); X-valuation adjustment (XVA); standardized approach for measuring counterparty credit risk (SA-CCR); credit risk and initial margin (IM). MX.3 helps anticipate the market by applying market data scenarios, shifting horizon, running stress tests and executing what-if simulations. MX.3 addresses the requirements of modern treasuries. Accenture has been helping Murex clients transform their front, middle and back office operations and risk management functions, including collateral management and treasury operations, for more than 20 years. Funding desks can perform further analysis by drilling down to the currency, security or trade-level information. The solution can be implemented all at once or incrementally at a staggered pace where and when it makes organizational sense. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan Murex Consultant at Dutch Pension Group - MX3 Collateral Management Module Implementation Initial Workshops | Scoping | Analysis | Design | Build | Testing | Murex Agile Methodology Murex. $1bn in innovation over 10 years Murex partners with over 300 clients, including global banks, market makers, leading multi-regional banks, regional and national banks. Alternatively, it can be provided via the triparty collateral management systems CmaX (CBL). Murex provides enterprise-wide, cross-asset financial technology solutions. First, it saves costs by maximizing automated STP processes and reducing manual intervention to where it adds value. The prepackaged solutions give flexibility, enabling clients to adapt based on their own interpretation of a regulation. Head of Operations Head of finance Head Product Control Head of collateral Back-office analyst Data specialist Pamela Hacker Mizuho Optimizes XVA Desk through MX.3 Extension. To serve large and complex computations, MX.3 provides a proprietary grid or can be integrated with the IBM Symphony grid, and supports both CPU and GPU engines. Murex has developed a global network of trusted partners in the capital markets ecosystem to support growth as it remains focused on core expertise areas. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. Achieve operational excellence with a single cross-asset platform that streamlines standard and bespoke processes. Collateral Management Implementation Stream Lead at Nationwide Murex Jun 2014 - Aug 2015 1 year 3 months. The solutions powerful workflow framework for trade, settlement and confirmation processes produces extremely high level of automation along the entire value chain. This ensures high STP rates while controlling operational risk through dedicated dashboards, across all business lines and asset types, leveraging: Automatic assignment of standing settlement instructions (SSI), Multiple payment methods (e.g., gross, net, CLS, DVP, FOP, PVP, pre-delivery) and channels (e.g., SWIFT, over account, RTGS), Full support of the transition from SWIFT MT to SWIFT MX (i.e., ISO 20022), compliant with cross-border payments guidelines and local real-time gross settlement systems (e.g., TARGET2, CHAPS, FEDWIRE), Real-time view of nostro cash and security accounts for intraday settlement and next day projections for accurate funding and security inventory monitoring, with interfaces to reconciliations tools. Bank treasuries face enormous challenges as they cope with evolving standards and regulations. Dedicated alliance managers define relevant strategies with system integrators, connectivity partners, technology partners and industry associations across all regions. Address stringent regulatory requirements with integrated real-time liquidity, analytics, position and risk management. The solution features a flexible global operating model that mirrors a financial institutions entity structure with desks, books, portfolios or other hierarchical dimensions. It is very flexible. Murex Explores How Digital Assets, DLT Might Reshape Digital Landscape, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, LIBOR Transition Preparing for the Final Year, Nationwide Outlines Critical Factors in Selecting Murex as Treasury Vendor. With 300 clients and 57,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants. MUREX SAS ("Murex"), the leading provider of cross-asset trading, risk, and back-office solutions, announces the release of its fully overhauled MX.3 for Collateral Management solution, designed to better support sell-side and buy-side financial institutions in creating an effective pre- and post-trade collateral optimization framework. Consistency is enforced by a shared reference data repository and a common calculation framework. Used by more than 250 institutions across the globe, the MX.3 settlement solution manages the complete life cycle of settlements, from automated release to settlement status reconciliation. Overview. It provides accurate credit risk measures (e.g., issuer lending, notional, pre-settlement, settlement)across all asset classes. And internal risk management alliance managers define relevant strategies with system integrators, connectivity partners, technology partners industry. 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