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Murex Business Analyst - Reconciliation
Successfully
Req. VR-117313
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.
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.
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
Languages
English: C1 Advanced
Seniority
Regular
Bengaluru, India
Req. VR-117313
Murex Others
BCM Industry
10/09/2025
Req. VR-117313
Apply for Murex Business Analyst - Reconciliation in Bengaluru
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