A leading bank in Saudi Arabia is seeking an experienced Murex Market Risk Consultant to support its Risk function during a greenfield implementation of Murex. This role will involve implementing, enhancing, and supporting Market Risk solutions within Murex MLC, with potential exposure to Credit Risk depending on project needs.
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Key Responsibilities:
- Support Market Risk assessment, monitoring, and analysis of trading and banking book transactions within Murex.
- Configure, enhance, and support Market Risk workflows in line with business requirements and regulatory standards.
- Implement and enhance Market Risk metrics and controls, including sensitivities, VaR, stress testing, and related measures.
- Enhance Market Risk reports and collaborate with downstream systems to ensure accurate report generation using Murex MLC data.
- Perform business analysis, system enhancements, and change implementation across Global Market Risk solutions.
- Work closely with Market Risk stakeholders to gather requirements and translate them into functional and technical specifications.
- Participate in project workshops, UAT, and implementation activities, working alongside vendors and internal IT teams.
- Build strong relationships with business users and stakeholders, ensuring alignment and effective expectation management.
Mandatory Skills & Experience:
- 8–10 years of hands-on Murex experience.
- Strong experience in Market Risk implementation using Murex MLC.
- Solid MLC development skills.
- Experience with MxML.
- Proficiency in Unix scripting.
- Hands-on experience with Market Risk components such as VaR, Stress Testing, Sensitivities, and FRTB CVA from a Market Risk perspective.
Nice-to-Have Skills:
- Exposure to Credit Risk modules in Murex MLC.
- Experience working on greenfield Murex implementations.
- Prior experience with Middle East banking environments.
- Knowledge of regulatory-driven Market Risk reporting.
