Mizuho Optimizes XVA Desk through MX.3 Extension. Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. Mizuho Optimizes XVA Desk through MX.3 Extension. Murex helps capital markets firms achieve new growth paths and connects them to all participants. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. The solution can be implemented all at once or incrementally at a staggered pace where and when it makes organizational sense. Murex Specialist at iNovoTek Solutions United Kingdom. The XVA solution provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. Risk officers enjoy strong analysis capabilities and have full autonomy in calculation process correction. Refocus and expand business. Murex is a software company offering a wide range of products and tools necessary for the success of financial institutions in today's digital world. The platform empowers leading teams to streamline standard and bespoke processes across all product types in a 24/7 trading world. Remote. It interacts with third-party deal capture systems. It offers real-time dashboards to monitor repricing gaps, rates and currency exposures (e.g., DV01 and OAS) for trading and banking book products. This is a challenging task because of the variety of products that needs to be covered and validated, and it requires trading and risk platforms to: Represent and model key collateral data from the CSA agreements, such as scope of product and applicable jurisdictions. Seamlessly connect in batch and real time. The prepackaged solutions give flexibility, enabling clients to adapt based on their own interpretation of a regulation. In a changing financial world, our technology is designed to help our 57,000 daily users respond to the challenges they face today and build foundations for the future. Build Accurate Rate Curves in an Inflationary Context. Responsibilities. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. More than ever, a bank must secure diversified funding sources, review pricing rules and implement tighter risk, liquidity and collateral controls. Murex Information We are the long-term technology partner for the capital markets, working with financial institutions in over 60 countries to adapt and evolve their IT systems. Nos vemos en CDMX entre el 7-9 Marzo!. MX.3 offers a fund transfer pricing (FTP) framework integrating the bank's activities to our capital markets solution. Rahba: The new version of the SIMM, 2.0 introduces risk factors for three product types volatility indices, quanto CDS and municipal swaps and includes a full recalibration of parameters (correlations and risk weights). Holiday calendars: with connectivity to market utilities such as Swaps Monitor. Banco Galicia Collateral Management jul. Used by more than 200 customers across all tiers, MX.3 offers end-to-end enterprise-wide and cross-asset solutions covering over 300 payoffs. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. With automated and integrated business processes, including trade management, document management, risk calculation, reporting and sub-ledger functionality, this solution helps reduce operational risk by providing: Smart designation of hedges by traders and product control with pre-defined strategies, Specific events (e.g., de-designation, rebalancing, refresh) with a full audit trail, Retrospective and prospective effectiveness measurements using various qualitative and quantitative methods, Dashboard to monitor effectiveness and P&L impacts of designated hedges, Automatic generation of documentation with hedge characteristics, A process for bucketing macro-hedge relationship flows and optimization of asset and liability usage, Prepackaged and customizable hedge accounting schemas, dedicated reporting tools and live screen reporting. With 300 clients and 57,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants. The IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. Larger firms that were part of earlier phases, might be using our platform from a front-office perspective, where we are focusing on making sure they can generate sensitivities across asset classes. MX.3's dashboards offer treasurers a bird's-eye view of liquidity ladders, liquid asset buffers and cash and securities inventory to aid secured and unsecured funding decisions. de 2016. Mizuho Optimizes XVA Desk through MX.3 Extension. It is very flexible. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. MX.3s fully integrating platform model enables streamlined collaboration across all departments. Seize market opportunities. This. Powerful KPI reporting for operational risk control and regulatory indicators is provided, as well as statistics on time-to-match, time-to-clear. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. This enterprise risk management software is used by a large and diverse range of market participants to meet regulatory requirements including Basel III, Dodd-Frank, European market infrastructure regulation (EMIR) and Volcker. We have detailed how complex such a project is. The full job description is as follows: Location: Jersey City, NJ. It eliminates unnecessary reconciliation between the front and back offices. Smaller firms use our platform front-to-back, and need not only to generate CRIF-formatted sensitivities, but also rely on our capabilities to compute initial margin, and use our collateral operations to generate margin calls. Optimize profitability and risk management of your lending activity, manage your liabilities funding cost and trading cost of funds. Because all cash transactions are transferred into a single account at Eurex Clearing, segregation is achieved on the clearing house level using the record-keeping of Eurex . Firms will need to be able to comply with these basic SIMM calculation models, and methodology reviews, and maintain these calculation calibrations on a yearly basis. Based on a modern technology stack, the solution supports several deployment models, such as cloudAmazon Web Service and Microsoft Azureon-premises or with managed service in SaaS. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Luis Alejandro Medina Portillo, Market Specialist & Regional Manager at Murex LatAm, will be joining an expert panel at the event to discuss the evolving roles of traditional banking and fintech. We can see that multiple departments are thus impacted including front office, collateral management operations, risk and legal departments. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. Extend the usage of securities as collateral. It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. Accenture has been helping Murex clients transform their front, middle and back office operations and risk management functions, including collateral management and treasury operations, for near 30 years. We provide end-to end project services and have delivered over 200 successful Murex projects across all major asset-classes and sectors including investment banking, asset management, corporate treasury and insurance. Monitor exposure in real time and pre-deal. Because of its global client community, Murex can support new clients in all regions with experienced consultants and guide them through the challenging process of regulatory rules interpretation and validation on any jurisdictions. The custodian is then automatically notified through SWIFT. So it should not be underestimated. MX.3 maximizes STP, decreases operational risk, and enhances operational control. Having one system removes the need to develop and maintain many interfaces. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Participated in the Implementation of Murex Collateral Management System. Across all our clients, we are seeing collateral data reinforced as being key across various departments: not only from a VM and IM calculation and processing perspective, but also for pricing, trading and risk management. Short-term funding desks have tools to book and manage deposits, commercial papers, certificate of deposits, repos, reverse repos and more. It delivers seamless pricing, cost allocation and risks transfer. Murex Recent Developments. It facilitates proper risk management, transparency and governance. Integrate front-to-back-to-risk offices. Posted 9:29:01 PM. ComDer Clearing House - Chile, Calypso project . MX.3 enables FRTB compliance and offers an end-to-end enterprise-wide solution for both the standardized approach, FRTB-SA, and the internal model approach, FRTB-IMA. The XVA solution is a front-to-finance-to-risk charge solution that supports both standardized approach CVA (SA-CVA) and basic approach CVA (BA-CVA). MXCMS provides end to end solution for Collateral management which is being given by Murex and the leader in Capital market Trading Platform.IT provide a single collateral Platform across. Dedicated alliance managers define relevant strategies with system integrators, connectivity partners, technology partners and industry associations across all regions. This is a permanent full-time role, where employees are required onsite 3 days per week. In addition to entries posting at transaction level, it supports concurrent inventory cost methods (e.g., FIFO, AVP, cherry picking) with robust capabilities to drill down to the contributors of the position providing accessible, reliable, transparent data. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. All exposures can be checked against limits pre-trade and in real time to optimize decisions and reduce operational risk. #fintech #technology #DigitalBanking. XVA P&L can be fully broken down by various effects such as time decay, market (e.g., forex, interest rates or spreads movements), trade and market operation effects. A centralized, robust and automated framework, MX.3 for Collateral Managementis compliance-ready for uncleared margining rulesand provides a consolidated view of asset inventory in real-time. Development of Collateral Management related work (including some MxML/Exchange Workflows). It provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. 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Out-of-the-box connectivity to reconciliation tools facilitates cash, security position and collateral exposure reconciliation. Alex Rojas Full Stack Developer - Javascript (ES6), MongoDB . The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. New York, NY. It brings risk figure consistency across regulatory solutions, such as CVA capital charge, counterparty credit risk risk-weighted assets (RWA), central counterparty (CCP) charge, large exposure reporting or leverage ratio. Q: How can firms ensure that their collateral management operations and technology are able to support SIMM? In a nutshell, a SIMM project involves various parties (front-office, risk, operations, legal) and different technology capabilities along those functions, so one of the challenges is to set up the right project governance model. de 2019 - feb. de 2020. 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