Murex Lead Business Analyst - Reconciliation

Overview

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

Lead end-to-end business analysis for reconciliation initiatives within the Murex platform.

Conduct detailed requirement gathering sessions with Finance, Operations, Risk, and Technology teams, and convert them into functional specifications (BRD / FSD).

Own the design, configuration, and validation of reconciliation rules, workflows, exception management, and reporting in Murex.

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

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

10+ years of experience working with Murex 3.1 & above version, as senior Business Analyst / lead

Strong expertise in Murex Accounting (ACC), Datamart, MxML Exchange, and Reconciliation module

Proven ability to design, configure, and optimize reconciliation rules, mapping logic, exception workflows, and automated reporting

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

Deep knowledge of Murex Accounting, Datamart, MxML Exchange, and reconciliation modules

Experience configuring reconciliation rules, data mapping, exception handling, and reporting in Murex

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

Strong organizational and leadership skills

Strong understanding of treasury products and experience in front office projects

Ability to work independently and in cross-functional global teams.Demonstrated track record in requirement gathering, BRD / FSD preparation, functional specifications, and solution design

Ability to lead workshops, manage cross-functional stakeholders (Finance, Operations, Risk, IT, and vendors)

Experience leading UAT strategy, execution, defect triage, and production rollout

Capable of mentoring junior analysts, leading reconciliation workstreams, and owning delivery accountability

Strong command of SQL for reconciliation data analysis and validation.

Familiarity with ETL / data feeds, reconciliation dashboards, and reporting tools (Datamart, BI tools, etc.)

Nice to have

Murex MxTest experience, Executing Feeders / Extractions, Murex configuration experience - Pre-trade, e-tradepad & Simulation views

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