MX.3 can be managed by the customer or delivered in SaaS by Murex. Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. The aim is long-term value creation. Transactions are processed directly after booking. Users are prompted for manual review and action only if an exception check fails. Similarly, they need to provide benchmarking results, comparing SIMM to another model (e.g. 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. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. Connect with key tri-party agents to get collateral allocated. It proposes solutions for both the standardized approach, FRTB-SA, and the internal model approach, FRTB-IMA. Risk management. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. 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, Build Accurate Rate Curves in an Inflationary Context, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, ICBC Standard Bank COO Reveals Deciding Factors in Selecting Murex as Partner, ICBC Standard Bank Details Main Benefits of Using MX.3 for Commodities Trading, Rabobank Chief Digital Officer Details the Transformation Journey with MX.3, IBSI FinTech Journal August 2021 - The Big Interview. Responsibilities. ComDer Clearing House - Chile, Calypso project . Some of the built-in ledger functions include FX management, which balances calculations with the ability to book balance adjustments, as well as accounting periods management and automated feed to the general ledger. Regulatory solutions like FRTB-SA, FRTB-IMA, SA-CCR and initial margin (IM) come with prepackaged regulatory content that facilitates reporting on multiple jurisdiction requirements. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. The solution covers credit valuation adjustment (CVA), debt valuation adjustment (DVA), funding valuation adjustment (FVA), initial margin valuation adjustment (MVA) and capital valuation adjustment (KVA). MX.3 functional coverage meets them. Murex provides integrated trading, risk management and processing solutions for banks, asset managers, hedge funds, corporations and energy utilities. Classify these sensitivities, according to the SIMM rules, possibly relying on an external utility providing such classification services. MX.3 offers an end-to-end enterprise-wide solution used by more than 120 customers across all tiers to meet regulatory requirements. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 04 Aug 2022. MX.3 offers a genuine end-to-end trade life cycle management with a high-performing straight-trough processing (STP) framework. Business dashboards summarize excess causes and resolution time and keep senior management informed. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Risk management team head for Murex Korea Ltd (Seoul Office) : - First worldwide end to end implementation of Murex new Enterprise Collateral Management solution at a Tier 1 Korean bank. In a changing financial world, our technology is designed to help our 57,000 daily users respond to the challenges they face today and build foundations for the future. Funding desks can perform further analysis by drilling down to the currency, security or trade-level information. MX.3 interfaces with market and reference data providers, multi- and single-dealer platforms, affirmation and clearing, repo management, collateral, settlement and transaction regulatory reporting. It is a three-step process: Sensitivities generation, across various asset classes and products. Murex has over 2,500 team members across 19 locations who provide cutting-edge technology, superior customer service and unique product innovation. The latest iteration of Murex's platform - MX.3 - provides advanced financial services that provide optimal strategies and power an institution's acceleration. Its powerful Monte Carlo engine simulates counterparty credit risk measures. Murex is a company that provides financial software for trading, treasury, risk, and post-trade operations for financial markets. Data quality enrichment done for SIMM benefits FRTB-SA. Remote. Andy Haigh: Yes, specifically Murex's MX.3 Collateral Management module. Optimize profitability and risk management of your lending activity, manage your liabilities funding cost and trading cost of funds. Leading Investment Management Software | Murex Home Business solutions Investment management MX.3 for Investment Management Our clients have diverse requirements. On-screen drilldown analysis and reporting allow for a performance hierarchy consolidation down to transaction and position levels, with the ability to check transaction and market data details. MX.3 is at the heart of the banks IT infrastructure, connecting seamlessly with existing systems (e.g., core banking, data warehouse, general ledger, etc.) greater new york city area. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. The solution supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations. This agile foundation brings together a specialized set of business process to deliver regulatory. The solution can be implemented all at once or incrementally at a staggered pace where and when it makes organizational sense. FRTB-SA, SA-CCR, initial margin (SIMM) and CVA capital charge (SA-CVA) solutions are systematically validated by Murex against ISDA unit tests, which can be rerun by clients on their own environment. In 2019, the collateral management and OTC derivatives processing vendor solutions space is dominated by two questions from a Tier I and Tier II investment bank selection process perspective: Murex Credit Risk and Collateral Management consultant Currently Collateral stream lead on a new front to back Murex Implementation in New York, managing a small team on the collateral. To unlock trapped collateral and manage it more effectively for UMR, firms need data to be co-ordinated in real-time, Farhat believes. Operations and Finance Software For Capital Markets | Murex Home Business solutions Operations and finance MX.3 for Operations and Finance Our clients have diverse requirements. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. Treasurers have a complete view of the funding requirements and liquidity profile of the banking and trading business units in a single dashboard. MX.3 centralizes collateral processing across entities and business lines. The complexity of these risks leads to ever-more-intensive computational needs, which require enterprise risk management software. Learn more in an introductory video. Experienced Murex Professional with a demonstrated history of working in the investment banking. 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. Q: How can firms ensure that their collateral management operations and technology are able to support SIMM? Learn more about how to achieve internal and external business process digitalization. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. Maintained up to date through a local regulatory watch, it enables clients to adapt more quickly to regulatory changes and ensures that solutions support Basel standards exceptions. Mizuho Optimizes XVA Desk through MX.3 Extension. Eliminate manual processes and increase straight-through processing rates. This agile foundation brings together a specialized set of business process to deliver regulatory. and business. de 2016 - jun. 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. Development of Collateral Management related work (including some MxML/Exchange Workflows). It is very flexible. Download our MX.3 for Enterprise Risk Management brochure. These include potential future exposure (PFE) and expected exposure (EE). Consistency is enforced by a shared reference data repository and a common calculation framework. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real-time. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. MX.3 for Enterprise Risk Management is a cloud-ready solution that enables risk managers to stay one step ahead on risk control and to achieve regulatory compliance. Larger firms that were part of earlier phases, might be using our platform from a front-office perspective, where we are focusing on making sure they can generate sensitivities across asset classes. As IM regulations are being phased-in until 2020, we see a lot of institutions focusing on initial margin as a post-trade down-stream process. Clients can opt for a fully managed SaaS approach on a private or public cloud. Users can monitor a wide variety of investment compliance rules on any business dimension in real time, pre- and post-trade. It covers standard agreements such as CSA, CSD, SCSA, GMRA and GMSLA. The MX.3 multi-GAAP, multi-entity and multi-currency solution provides accurate financial information for all asset classes, leveraging front office and risk calculation engines for valuations, accruals, amortizations and hedge reclassifications. Posted: February 28, 2023. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. Our clients have diverse requirements. Murex, Amid Hiring Drive, Ranked Second-Best Place to Work in France, Glassdoo, Anadolubank Goes Live on MX.3 with MXGO for Treasury and Trading Management, Murex Sees Strong Recognition at Asia Risk Technology Awards 2022, Murex Develops Interface that Offers Fixed Income, Derivatives Data from ICE, Murex Extends Winning Streak in IBSi Sales League Table, MX.3 Again Named Software Solution of the Year at the FTF Awards, Bank Pekao SA Selects Murex to Optimize Total Cost of Ownership, Piraeus Bank Completes Rationalization Project with Murex, Murex Ranked as a Top 10 Place to Work in France on Glassdoor, Murex Expands Mexico City Offices and Bolsters Americas Presence, At Murex, were pleased to be attending and supporting the RiskMathics Digital Banking & Financial Technologies Forum, taking place in Santa Fe from 7th-9th March. MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. Beyond the automation capabilities enabled, which include margining, allocation, settlement and accounting, MX.3 is designed and uniquely positioned to provide integrated functions: optimize allocations according to cheapest to deliver, maintain enterprise inventory of securities, integrate with securities finance, refine XVA pricing and risk management and comply with regulations such as SFTR and SA-CCR. Market conditions demand prioritized bank focus on treasury departments. To analyze figures, credit risk officers take advantage of in-memory aggregation technology. MX.3's dashboards offer treasurers a bird's-eye view of liquidity ladders, liquid asset buffers and cash and securities inventory to aid secured and unsecured funding decisions. Central management enables consistent and efficient monitoring of intraday limit usage. $136,000 to $150,000 Yearly. It supports cash and security pools, pool and trade-level margining and triparty profiles. 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