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For Companies At a Glance
- Tasks: Lead risk and regulatory projects, focusing on Market and Credit Risk implementation.
- Company: Join a leading European bank at the forefront of financial innovation.
- Benefits: Enjoy a full-time role with opportunities for professional growth and collaboration.
- Why this job: Be part of impactful projects that shape the future of banking and risk management.
- Qualifications: 6+ years in Murex Risk with strong technical and regulatory knowledge required.
- Other info: Ideal for those passionate about finance and technology in a dynamic environment.
The predicted salary is between 48000 - 84000 £ per year.
Project Description:
A leading European bank is embarking on the implementation of risk and regulatory projects on Murex. The Risk Lead will play a key role in managing both Market and Credit Risk aspects of these projects, ensuring regulatory compliance and effective risk system implementation. The candidate should have expertise in risk methodologies, financial products, and regulatory frameworks, with a strong technical background in risk platforms such as Murex, Calypso, and Finastra.
Responsibilities:
- Act as a Risk Consultant for the bank\’s risk and regulatory projects, covering both Market and Credit Risk.
- Implement and configure risk modules, including Scenario Definition, MRE, ERM, Datamart processes, and market data configurations for Market Risk.
- Work with risk modules related to MLC, Limits Management, MLC formulas, LRB, Limits Engine Configuration, and Excess Management for Credit Risk.
- Provide hands-on implementation and troubleshooting support for risk systems.
- Collaborate with IT teams, infrastructure, and external consultants to deliver robust risk solutions.
- Participate actively in all project lifecycle phases, from build, unit testing, UAT, regression testing to deployment.
- Ensure compliance with regulatory frameworks such as Basel 2, Basel 2.5, Basel 3, SA-CCR, SIMM, and FRTB.
- Develop SQL scripts, shell scripting, ANT scripting, and create task automation using schedulers like Control-M or Autosys.
- Engage with business users, project managers, and technical leads, ensuring smooth communication and expectation management.
Mandatory Skills Description:
- 6+ years experience in Murex Risk
Market Risk:
- In-depth understanding of VaR with hands-on implementation experience.
- Knowledge of expected shortfall, stressed VaR, stress tests, and scenario analysis.
- Expertise in financial products and valuation methodologies across various asset classes (IRS, CCS, FX Forward, etc.).
- Experience with market risk regulatory requirements (Basel 2/2.5/3, FRTB, etc.).
- Strong technical knowledge of market risk system implementation, preferably on Murex, Calypso, or Finastra.
- Excellent problem-solving skills to debug issues and identify root causes efficiently.
- Effective communication skills to explain technical concepts to non-technical users.
Credit Risk:
- Deep understanding of credit risk measures such as exposures, PFE, xVA, compliance rules, and collateral management.
- Experience in credit risk regulations (Basel 2/2.5/3, SA-CCR, SIMM, FRTB-xVA, etc.).
- Proficiency in risk system implementation, with expertise in platforms like Murex (MLC), Markit, Calypso, or Finastra.
- Strong grasp of financial products and valuation methodologies.
- Good technical skills, including SQL, shell scripting, and job scheduling with Control-M or Autosys.
- Expertise in MLC (Murex Limits Controller) and its configuration.
- Ability to work collaboratively with cross-functional teams and business stakeholders.
Nice-to-Have Skills Description:
- Prior experience working with regulatory risk projects in global banking environments.
- Exposure to cloud-based risk management solutions.
- Strong analytical mindset with a keen interest in learning new risk methodologies.
- Knowledge of Python or other programming languages for risk data analysis.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Information Technology
Industries
IT Services and IT Consulting
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Murex Risk Lead (Market & Credit Risk) employer: Luxoft
Contact Detail:
Luxoft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Murex Risk Lead (Market & Credit Risk)
✨Tip Number 1
Make sure to highlight your hands-on experience with Murex and other risk platforms in your conversations. Discuss specific projects where you implemented risk modules or configurations, as this will demonstrate your practical knowledge and expertise.
✨Tip Number 2
Familiarize yourself with the latest regulatory frameworks like Basel 3 and FRTB. Being able to discuss these regulations and how they impact risk management will show that you're not just technically skilled but also aware of the broader compliance landscape.
✨Tip Number 3
Prepare to discuss your problem-solving approach during interviews. Be ready to share examples of how you've debugged issues in risk systems or collaborated with IT teams to deliver solutions, as this will showcase your analytical skills and teamwork.
✨Tip Number 4
Engage with professionals in the banking and risk management sectors through networking events or online forums. Building connections can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.
We think you need these skills to ace Murex Risk Lead (Market & Credit Risk)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Murex Risk Lead position. Understand the key responsibilities and required skills, especially focusing on Market and Credit Risk aspects.
Highlight Relevant Experience: In your application, emphasize your 6+ years of experience with Murex Risk and any specific projects that align with the responsibilities listed. Be sure to mention your hands-on implementation experience with risk methodologies and financial products.
Showcase Technical Skills: Clearly outline your technical skills related to SQL, shell scripting, and risk system implementations. Mention any experience with regulatory frameworks like Basel 2/2.5/3 and how you've applied these in past roles.
Tailor Your Communication: Since effective communication is crucial for this role, ensure your application reflects your ability to explain complex technical concepts clearly. Use examples from your past experiences where you successfully communicated with non-technical stakeholders.
How to prepare for a job interview at Luxoft
✨Showcase Your Technical Expertise
Be prepared to discuss your hands-on experience with Murex and other risk platforms. Highlight specific projects where you implemented risk modules or configured market data, as this will demonstrate your technical proficiency.
✨Understand Regulatory Frameworks
Familiarize yourself with Basel regulations and other relevant compliance requirements. Be ready to explain how you've ensured compliance in past projects, as this is crucial for the role.
✨Communicate Effectively
Practice explaining complex technical concepts in simple terms. Since you'll be collaborating with non-technical stakeholders, showcasing your ability to bridge the gap between technical and non-technical teams will be a big plus.
✨Demonstrate Problem-Solving Skills
Prepare examples of challenges you've faced in previous roles, particularly related to risk system implementation. Discuss how you identified root causes and resolved issues, as strong problem-solving skills are essential for this position.
