We are seeking a seasoned Murex Risk Subject Matter Expert (SME) to support one of KSA Banks Murex MX.3 implementation. The ideal candidate will bring strong techno-functional expertise, with deep experience in the Murex Risk module, combined with solid capital markets product knowledge and hands-on configuration experience.
The role involves close collaboration with business stakeholders, risk teams, and technical teams to deliver, enhance, and support risk analytics, regulatory requirements, and reporting within Murex.
Key Responsibilities
- Act as Murex Risk SME for market, credit, and regulatory risk within MX.3.
- Lead and support Market Risk implementation and enhancements including:
- Value at Risk (VaR)
- Sensitivities-based risk (Delta, Gamma, Vega, etc.)
- PnL Explain / PnL Attribution (Hypothetical vs Actual PnL)
- Support Credit Risk use cases, including:
- XVA calculations
- Potential Future Exposure (PFE)
- Contribute to Regulatory Risk and Capital initiatives:
- FRTB implementation and analysis
- Basel III / Basel IV market risk understanding and alignment
- Design and implement Stress Testing & Scenario Analysis:
- Historical and hypothetical stress scenarios
- Limit monitoring and aggregated risk views
- Configure and validate market data:
- Yield curves, discount curves
- Volatility surfaces and market parameters
- Work with Murex technical components:
- Simulation views
- Datamart and reporting layers
- SQL-based analysis and troubleshooting
- Collaborate closely with Front Office, Risk, Finance, IT, and external stakeholders.
- Support testing (UAT), issue resolution, and production readiness.
- Engage business stakeholders proactively, translating risk requirements into effective Murex solutions.
Required Experience & Qualifications
- Strong hands-on experience with Murex MX.3 Risk module (mandatory).
- Proven experience in capital markets products, including:
- Fixed Income (including Sukuk)
- Derivatives
- Structured Products
- Commodities
- Equities
- Solid understanding of:
- Market risk methodologies (VaR, sensitivities)
- Pricing and valuation concepts
- Practical experience with:
- Risk simulation frameworks
- PnL Explain mechanisms
- Exposure to at least one additional Murex module:
- Front Office, Back Office, or Finance
- Strong techno-functional profile with a risk focus.
- Ability to interpret regulatory frameworks and translate them into system solutions.
- Excellent communication skills with the ability to engage confidently with business and technical stakeholders.
- Prior experience on large banking or regulatory transformation projects in the GCC is a strong advantage.
