Senior Murex Credit Risk Business Analyst
Project 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
- Lead end-to-end business analysis for Credit Risk systems, including requirement gathering, solution design, and implementation support.
- Act as a Business Analyst to define business requirements, functional specifications, workflows, and reporting logic.
- Drive large-scale transformation initiatives such as system upgrades (e.g., Murex), regulatory programs, and process re-engineering.
- Collaborate with cross-functional teams including Technology, Front Office, Risk, Finance, Operations, Legal, and Compliance to ensure alignment and successful delivery.
- Perform data analysis on large datasets to support risk calculations, exposure measurement, and reporting accuracy.
- Analyze and interpret risk data, sensitivities, and valuation outputs, identifying root causes for discrepancies and driving resolution.
- Support UAT planning, execution, and business sign-off, including test case preparation and validation of system enhancements.
- Contribute to credit risk exposure methodology improvements, ensuring accurate data flow and reporting logic.
- Participate in regulatory and change-the-bank initiatives such as CCP integration, collateral optimization, settlement risk, and wrong-way risk frameworks.
- Develop and enhance automated reporting and workflows using tools like Excel VBA, SQL, and Power BI.
- Engage in process optimization and re-engineering, improving operational efficiency and data quality.
- Provide post-implementation support, including issue resolution, stakeholder communication, and continuous improvement.
SKILLS
Must have
- 6+ years of experience in banking/financial services as Credit Risk Business Analyst in Murex
- Understanding of financial products lifecycle, including Bonds, FX, Equities Derivatives, Structured products
- Experience with risk data, valuation processes, and exposure calculations
- Proven experience as a Business Analyst / Functional Analyst / Product Owner
- Expertise in requirements gathering, functional specification writing, and workflow design
- Hands-on experience in UAT, system implementation, and change management
- Familiarity with Agile and Waterfall methodologies
- Strong proficiency in SQL , Excel (VBA, Power Query, Power Pivot) , Power BI / data visualization tools, MS Access
- Experience working with large datasets and data analysis
- Familiarity with JIRA, Confluence, Visio
- Strong stakeholder management and communication skills
- Ability to translate business requirements into technical solutions
- Excellent analytical and problem-solving skills
- Ability to work in cross-functional and global teams
Nice to have
• Exposure to market data providers such as Bloomberg / Reuters • Experience in process re-engineering and digital transformation initiatives • Basic knowledge of Python
