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Murex Business Analyst - Reconciliation

India

Project description

One of our client (a leading bank of Singapore) is undertaking a strategic upgrade of its Murex MX.3 platform to enhance system resilience, support new product capabilities, and align with evolving regulatory and operational requirements.
This initiative includes upgrading from version 3.1.42.48b to 3.1.6x.x, onboarding the EQA and OSP Excess modules, and implementing comprehensive reconciliation, testing automation, and governance frameworks.

Responsibilities

Hands-on business analysis role to analyze and propose solutions for business issues, process changes, and functional requirements.

Translate business needs into detailed functional specifications for system configuration and development.

Work with different teams and stakeholders to deliver system solutions for the business.

Gather requirements from Business stakeholders towards scoping of reconciliation of Data between base and target system (across the Front office, Risk, Back office).

Analyze Reconciliation outputs across base (Mx 2.11) & target system (Mx 3.1) to compare the PL, MV, Cash Flows, Sensitivities for various different asset classes.

Identify the root causes/explanations and mitigation actions for the differences found on the reconciliation outputs.

Work with end users to explain the root causes and performing the mitigation actions.

Define the tolerances on the reconciliation differences.

Maintain & Update repository of root causes of difference and support in automating the reconciliation execution & explanation.

Perform execution of Reconciliation as per the project requirement & iterations.

Build a strong relationship and manage expectations with users and stakeholders.

Collaborate with stakeholders on their priorities, needs as well as system improvements.

Skills

Must have

3 to 5 years of experience working with Murex as a Business Analyst

Experience in working on a Murex Binary Upgrade project as FO/BO BA

Exposure to working on analysis of Recon differences for FO, MO & BO area (at least 1-2 areas required)

Excellent communication and very good business understanding of front office/back office

especially FXD, FXO, Bond, IRD, IR Futures & IR Repo

Working knowledge in Murex

front office simulation, trade capture, and event management

Exposure to Murex e-trade pad, instruments, generators, P&L, Market Value, Sensitivities & simulation knowledge

Experience in Reconciliation & validation of PL, MV, Cash & Sensitivity numbers for Murex upgrade projects

Strong team player with excellent communication & inter-personal skills

Strong problem solver who can question and understand proposed solutions and business drivers

Good understanding of treasury products and experience in front office projects

Excellent communication and documentation skills

Ability to work independently and in cross-functional global teams

Nice to have

Murex MxTest experience, Executing Feeders/Extractions, Murex configuration experience

Pre-trade, e-tradepad & Simulation views

Other

Languages

English: C1 Advanced

Seniority

Regular


Bengaluru, India

Req. VR-117313

Murex Others

BCM Industry

10/09/2025

Req. VR-117313

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