Murex back office Business Analyst

1 month ago

London, UK, United Kingdom Bounteous Full time

Job Title: Murex Back Office Business Analyst/Configurator

Introduction

We are seeking a highly skilled and technically proficient Murex Back Office Business Analyst/Configurator to join our team. The successful candidate will support changes and enhancements within the Back Office domain, ensuring efficient trade processing, settlement, and reporting. This role requires deep expertise in Murex, back office operations, and a strong technical background with software engineering skills.

Key Responsibilities:

Murex Configuration and Support:

  • Configure and maintain Murex for back office functionalities.
  • Implement and support changes related to trade processing, settlement, and reporting requirements.
  • Ensure the system is optimized for performance and stability.
  • Participate in production support rotation for second and third line support providing functional and technical expertise to the support team, picking up incidents during or outside of business hours.

Technical Development:

  • Develop custom scripts and extensions to enhance Murex functionality.
  • Work on integration projects to connect Murex with other systems and data sources.
  • Troubleshoot and resolve technical issues related to Murex configurations and integrations.

Regulatory Compliance:

  • Support the implementation of regulatory changes affecting back office operations.
  • Ensure all configurations and processes comply with financial regulatory standards.
  • Collaborate with compliance teams to address regulatory requirements.

Business Analysis:

  • Gather and document business requirements from back office stakeholders.
  • Translate business requirements into functional and technical specifications for Murex.
  • Conduct gap analysis and feasibility studies for new initiatives.

Testing and Validation:

  • Develop and execute test plans to ensure changes meet business and technical requirements.
  • Perform system testing, integration testing, and user acceptance testing (UAT).
  • Identify and resolve defects during the testing phase.

Stakeholder Management:

  • Work closely with back office, IT teams, and external vendors.
  • Provide training and support to end-users.
  • Manage communication and expectations with stakeholders.

Continuous Improvement:

  • Identify opportunities for process improvement and optimization.
  • Stay updated with the latest developments in Murex and back office operations.
  • Propose and implement innovative solutions to enhance system capabilities.


Required Skills and Experience:

Technical Expertise:

  • Murex System Knowledge:Deep understanding of the Murex platform, with a focus on its architecture and back office modules.
  • Extensive experience in configuring and customizing Murex for back office functionalities.
  • Proficiency in Murex MxML workflows, data mapping, and scripting to automate processes and integrations.
  • Experience with enhancing the Murex platform with the following capabilities: Pre-Trade Workflow, Cash Settlements, SSI Management, Confirmation Instruction Setup, User-Definable Fields,
  • Experience with CLS (Continuous Linked Settlement) Out-of-the-Box interface.


  • Software Engineering Skills: Strong programming skills in languages including Java, Python.
  • Experience with database management and SQL for data extraction and manipulation.
  • Proficiency in developing and maintaining custom scripts and tools to extend Murex capabilities.
  • Familiarity with API development and integration to connect Murex with other systems.


Product Knowledge:

Understanding of diverse asset classes, including Fixed Income, FX, Money Market (MM), Interest Rates (Rates), Securities, and Commodities.

Trade lifecycle: Navigate booking and market operations for FXMM, IRD vanilla products, Futures (including margin calls), and call accounts.


  • Back Office Operations:Hands-on experience with Murex back office modules, including trade processing, settlement, and reconciliation.
  • Ability to configure settlement instructions, payment processing, and confirmation matching.
  • Experience in managing end-of-day processes and ensuring accurate transaction reporting.

  • Regulatory Compliance:Detailed knowledge of financial regulatory requirements affecting back office operations.
  • Ability to implement regulatory changes within Murex, ensuring compliance with global and regional financial regulations.
  • Experience in preparing regulatory reports and ensuring timely and accurate submissions.

  • Performance Optimization:Proficiency in optimizing Murex performance for large-scale data processing and real-time financial reporting.
  • Experience in troubleshooting performance issues and implementing best practices for efficient system operation.

  • Integration and Automation:Skills in integrating Murex with other financial systems and data sources, ensuring seamless data flow and process automation.
  • Proficiency in using MxML Exchange, Datamart, and other Murex tools to create reports and dashboards for financial analysis and reporting.

Example Projects/Tasks:

Back Office Projects:

  • Successfully lead projects to implement new back office features in Murex.
  • Configure complex settlement and reconciliation processes for various financial products, ensuring accurate and timely transaction processing.

Technical Development:

  • Developed custom scripts and tools to automate back office processes and enhance Murex functionality.
  • Integrated Murex with other systems, ensuring seamless data flow and process automation.


Regulatory Implementation:

  • Play a key role in implementing changes for new regulatory requirements within Murex, ensuring compliance with financial regulations.
  • Develop and maintain regulatory reports, ensuring timely and accurate submissions.

System Enhancements:

  • Lead initiatives to enhance system performance and reliability, including database optimizations, code enhancements, and process streamlining.
  • Work with cross-functional teams to upgrade Murex versions and apply patches, ensuring minimal disruption to operations.

Communication and Interpersonal Skills:

  • Excellent verbal and written communication skills.
  • Ability to work collaboratively with cross functional teams.
  • Strong stakeholder management and negotiation skills.

Educational Background:

  • Bachelor’s degree in Computer Science, Finance, Business Administration, or a related field.
  • Relevant certifications in Murex, software engineering, or project management are a plus.

Preferred Qualifications:

  • Experience with other back office and settlement systems and tools.
  • Prior experience working in a financial services or banking environment.
  • Knowledge of additional regulatory requirements impacting back office operations.

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