Murex Market Risk Consultant (MLC)

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.

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.