Location: Singapore
Industry: Banking / Capital Markets
About the Role
We are seeking an experienced Murex Risk Lead to join a large-scale banking transformation programme. This is a senior leadership role responsible for driving the design, configuration, implementation, and optimization of Market Risk and Credit Risk capabilities within the Murex MX.3 platform.
You will work closely with Risk Management, Quantitative Analytics, Front Office, Finance, and Technology teams to deliver regulatory-compliant risk solutions while leading a team of consultants and analysts across a complex banking environment.
Key Responsibilities
Risk Solution Design & Delivery
- Lead the end-to-end design and implementation of Market Risk and Credit Risk solutions within Murex MX.3.
- Partner with Risk Managers, Quantitative Analysts, and business stakeholders to gather requirements and define target-state solutions.
- Conduct gap analysis and translate business requirements into functional and technical specifications.
- Design and validate risk calculation frameworks, reporting outputs, and risk governance processes.
- Configure and deliver solutions across core Murex risk modules including:
- VaR (Value at Risk)
- MRA (Market Risk Aggregation)
- MRB (Market Risk Backtesting)
- MRE (Market Risk Engine)
- ERM (Enterprise Risk Management)
- Configure stress testing frameworks, scenario analysis, and risk factor assignments.
- Support risk reporting, market data configuration, pricing models, sensitivities, and risk calculations.
- Drive Murex Datamart setup and integration for regulatory and management reporting.
- Lead implementation of FRTB Standardised Approach (SA) and Internal Models Approach (IMA).
- Support Expected Shortfall (ES), Non-Modellable Risk Factors (NMRF), P&L Attribution Testing (PLAT), and backtesting requirements.
- Configure and support Counterparty Credit Risk (CCR), SA-CCR, Potential Future Exposure (PFE), and CVA frameworks.
- Ensure regulatory reporting outputs are accurate, reconciled, and aligned with Basel and FRTB requirements.
- Lead SIT, UAT, regression testing, and production deployment activities.
- Investigate and resolve risk calculation, market data, and booking discrepancies.
- Support risk reconciliations and platform upgrades.
- Drive issue management, root cause analysis, and continuous improvement initiatives.
- Lead and mentor a team of Murex Risk Consultants and Analysts.
- Engage senior stakeholders across Risk, Front Office, Finance, and Technology functions.
- Manage project timelines, risks, dependencies, and delivery quality.
- Provide workstream updates and recommendations to programme leadership and governance committees.
Essential Experience
- Minimum 10 years of experience working with Murex MX.3 within corporate or investment banking environments.
- Strong hands-on configuration experience across at least three of the following modules:
- VAR
- MRA
- MRB
- MRE
- ERM
- Proven experience delivering Market Risk and Credit Risk solutions within large-scale banking transformation programmes.
- Strong understanding of VaR methodologies, stress testing, scenario analysis, sensitivities, and risk attribution.
- Experience implementing FRTB SA and/or FRTB IMA frameworks.
- Knowledge of Credit Risk concepts including SA-CCR, PFE, CVA, and Counterparty Credit Risk.
- Strong SQL skills for risk data analysis and reconciliation.
- Experience with Python, Shell Scripting, and automation tools.
- Familiarity with Control-M, Autosys, or similar scheduling platforms.
- Understanding of Murex Datamart, simulation modules, and Murex data architecture.
- Experience supporting Murex platform upgrades and risk reconciliations.
- Strong understanding of:
- Basel III / Basel IV
- FRTB (SA & IMA)
- Market Risk Management
- Counterparty Credit Risk
- Regulatory Capital Frameworks
- Experience across capital markets products and trading environments.
- Bachelor's Degree in Finance, Financial Engineering, Mathematics, Computer Science, Business Analytics, or a related discipline.
- FRM, PRM, or other professional risk qualifications will be advantageous.
- Master's Degree in a quantitative discipline is a plus.
- Lead a high-profile banking transformation programme.
- Drive strategic Market Risk and Credit Risk initiatives within a Tier-1 banking environment.
- Work alongside senior Risk, Quantitative Analytics, and Technology stakeholders.
- Opportunity to shape enterprise-wide risk architecture and regulatory compliance frameworks.
How to Apply: Interested applicants, please click on the “Apply Now” to submit your updated resume.
Please note: Due to the anticipated high volume of applications, only shortlisted candidates will be contacted. All information provided will be treated with strict confidentiality and used solely for recruitment purposes.
Cheah Wei Ee
Team Lead - Contracting
EA Personnel No: R23114782
Peoplebank Singapore Pte Ltd | EA Licence No: 08C5248