Murex FO Consultant - Non-Linear Products

Project description

The Murex FO Business Analyst will be required to be part of GM IT FO Squad responsible for providing IT services to Global Markets team. The squad is responsible for support, change requests and projects pertaining to Global Markets.

Responsibilities

• Configure curves (rate, rate hedge, credit) and static data including securities, generators, indices, currencies, vol surface, portfolios, user groups, access rights etc., in Murex.
• Write new pre trade rules, create / amend lookup tables / simulation views / e-tradepad strategies / Live Book views.
• Work on Patch upgrades / version upgrades testing to reconcile any PL / Greeks issue & avoid any regressions.
• Gather, analyze, and document business requirements for Structured Products and Exotic Derivatives across Interest Rate, Equity, FX, Credit, and Hybrid asset classes.
• Lead Murex payoff activation and implementation activities for complex structured products including Range Accruals, Callable Interest Rate Swaps, Bermudan Swaps, Equity Autocallables, Reverse Convertibles, Snowballs, Barrier Products, Target Redemption Notes (TARNs) and other non-linear derivatives.
• Coordinate with Front Office traders, Structuring teams, Quantitative Analysts, Market Risk, Product Control, Operations, and Finance teams to ensure accurate product configuration and lifecycle management.
• Act as the primary liaison between the bank and external vendors including Murex and Numerix for implementation, pricing model validation, payoff activation, bug fixes, and enhancement requests.
• Analyze product pricing requirements and collaborate with Quant teams to validate pricing models, market data dependencies, risk sensitivities (Greeks), calibration methodologies, and valuation adjustments.
• Coordinate implementation of new pricing models, payoff templates, model parameterization, and market data requirements within Murex.
• Manage end-to-end testing for structured products including trade booking, pricing validation, lifecycle events, risk calculations, P&L explain, limit monitoring, settlement generation, accounting impact, and regulatory reporting considerations.
• Support model and payoff validation exercises by reconciling Murex valuations against vendor systems, market benchmarks, independent quant libraries, or Numerix calculations.
• Work closely with Murex and internal development teams to troubleshoot valuation discrepancies, performance issues, simulation inconsistencies, and risk calculation anomalies.
• Prepare functional specifications, business requirement documents, test cases, and implementation documentation for new structured product initiatives.
• Participate in product approval processes and support onboarding of new products by ensuring operational readiness and front-to-back process alignment

SKILLS

Must have

• 8-15 years of total of working experience, including 5 -10 years of experience in Murex FO.
• Minimum 5 years of experience as Murex Front office Business Analyst
• Expertise in terms of pricing, valuation, risk management and sensitivities including exotic products.
• Strong exposure to FO Modules of Murex - E-Tradepad, Simulation, Livebook, RTPM, Pre-Trade Workflow, Market Data, Dynamic Tables, P&L Notepad, FDI Templates, Blotters, Risk Matrices etc.
• Extensive experience in the implementation of both linear and non-linear products in Murex
• Strong understanding of pricing, valuation, lifecycle events, and risk management of: Interest Rate Range Accruals / Callable and Bermudan Swaps / CMS-based Structures / Equity Autocallables / Reverse Convertibles / Hybrid and Cross-Asset Structured Products
• Experience activating and configuring exotic payoffs within Murex and working with associated pricing models and market data requirements.
• Strong understanding of quantitative concepts including: Monte Carlo Simulation Stochastic Interest Rate Models Sensitivity Analysis and Risk Attribution
• Experience validating exotic derivative pricing, Greeks, calibration parameters, volatility surfaces, correlation surfaces, and yield curve frameworks.
• Demonstrated ability to manage complex implementations involving multiple stakeholders across Front Office, Risk Management, Quant teams, Operations, Finance, and external vendors.
• Understanding of Global Markets products and practices, front-to-end: pricing, booking, risk management, accounting generation, settlements, and confirmation generation
• Exposure to Murex Model Factory and Pricing Framework.
• Experience with Numerix model libraries and structured product valuation methodologies.
• Strong capability to perform valuation reconciliations between Murex, Numerix, Bloomberg, Reuters, or internal pricing engines.

Nice to have

• Knowledge of Python, SQL, or scripting languages used for pricing validation and reconciliation