Regulatory/Murex Front Office Business Analyst

Why Luxoft

We offer a comprehensive benefits package designed to support your well-being, worklife balance, and long-term stability:

Health Insurance Full medical coverage for employees with UAE visas, including private room hospitalization within policy limits. Expatriate dependents (spouse/children) are also covered.

Annual Vacation Leave 24 business days per year, with pro-rated accrual in the first year and the option to carry over 5 days.

Maternity & Paternity Leave 60 days fully covered maternity leave and 5 business days paternity leave.

Compassion & Sick Leave

5 days of compassionate leave for immediate family events.

Up to 90 days sick leave (15 days full pay, 30 days half pay, 45 days unpaid).

End-of-Service Gratuity Competitive gratuity payments based on tenure, starting from 1 year of service.

Marriage Leave 3 business days of paid wedding leave.

Employee Assistance Program (EAP) Confidential support for you and your dependents on personal, emotional, and work-related matters, fully covered by the employer.

Cash Advance Policy Interest-free cash advance (up to one month of gross salary) available in emergency situations for employees with 6+ months of service.

Project Description:

The Regulatory/Murex Business Analyst will be responsible for ensuring implementation of key financial regulations including MiFID, EMIR, SFTR, Dodd Frank etc.. The role involves analyzing regulatory requirements, assess vendors on their reporting solutions, reviewing technical and functional design ,validate the solution and liaise with different teams for successful implementation of regulatory reporting. In addition to regulatory solution related responsibilities, BA will also be acting as Murex business analyst

Responsibilities:

Analyze and document user requirements related to MiFID, EMIR, and SFTR regulations and translate them into functional specifications.

Act as key liaison with Global Markets teams (business and their supporting functions), IT teams as well as with the vendors.

Lead vendor RFP from a technology perspective and assess vendor solutions.

Participate actively in discussions with business stakeholders to understand their needs and transform them into regulatory compliance initiatives.

In addition to regulatory requirements, candidate is expected to work on non regulatory aspects as Murex front office.

Define the systems and data requirements and validate the systems design and processes from functional and technical aspects.

Develop and refine the various business/functional/testing requirements in support of the project and systems involved, working alongside the vendor if needed.

Configuration of the solution as per requirements wherever applicable.

Creation of test plan, test cases, execution of system testing.

Contribute to the User Training activities, through one-to-one discussion, preparation of user training guides & presentations.

Follow up with vendor support as and when necessary to resolve bugs/issues.

Ensure technical and functional hand over of the project and changes to the relevant teams.

Assist in developing business and operational processes and to participate in developing system training artefacts when required.

Mandatory Skills:

Minimum 5 years of experience as Regulatory Business Analyst with Strong understanding of the regulations (Mifid, SFTR, EMIR, Dodd Frank etc,)

In addition to regulatory, candidate is expected to have Murex knowledge as well to support Murex related front office developments,

Expertise in multiple asset classes (atleast 2 of the following) such as FXMM, Security financing, IR vanilla and exotic derivatives, Equity Derivatives, Commodity Derivatives , FX Derivatives, etc.

Strong exposure to FO Modules of Murex - E-Tradepad, Simulation, Livebook, RTPM, , Pre-Trade Workflow, Market Data, Dynamic Tables, P&L Notepad, FDI Templates, Blotters, Risk Matrices etc.

Experience in leading and delivering projects

Experience in implementation and supporting Murex v3.1 with regards to front office capabilities

Excellent knowledge of Capital Markets products and processes, front to back.

Strong analytical and problem-solving skills accompanied with excellent communication

The candidate should carry a minimum relevant work experience in a Bank or I.T. Company for a minimum of 7-10 years.

Strong record of stakeholder management and leadership skills

Strong knowledge of the Global Markets products and practices, front-to-end: pricing, limit checks, booking, risk management, accounting generation, settlements and confirmation generation

Candidate must be technically astute and have had relevant exposure and experience with bank systems and processes

Strong proven track record of liaising with stakeholders for business requirements, specification documents, testing processes and other relevant information.

Strong numerical skills coupled with the ability to deliver well under pressure and tight deadlines.

Nice-to-Have Skills :

The candidate should possess either a postgraduate degree or qualification in Information Systems/Engineering/Business Administration.

Languages:

• English: C2 Proficient