Language: English
Location: Singapore
Employment Type: Permanent
Relocation & Sponsorship: Available
Description:
We are seeking a Murex Front Office Consultant – Interest Rate Options to own and deliver FO capability for Interest Rate Derivatives, with primary focus on Interest Rate Options. This role sits close to the desk and will act as the functional lead for IR Options within Murex MX.3, covering trade capture, pricing, market data/curves, volatility surfaces, and FO controls to ensure stable valuation and risk outputs.
You will lead delivery across the full lifecycle—requirements through configuration/build oversight, testing/UAT, release readiness, and production stabilisation—working closely with Trading, Structuring, Market Risk, Product Control, Operations, and Technology.
Requirements:
- 7+ years of experience in Murex MX.3 Front Office, with deep ownership across Interest Rate Derivatives (IRD).
- Strong Interest Rate Options product knowledge: swaptions, caps/floors (plus structured optionality where applicable), volatility concepts, calibration drivers, and lifecycle events.
- Proven experience owning FO scope across trade booking, validations, lifecycle processing, and desk workflows for IRD products.
- Strong hands-on experience with market data & curve setup/validation: discounting/forecast curves, indices, fixings, conventions, curve governance and controls.
- Solid understanding of pricing and risk drivers (PV/Greeks/sensitivities) with ability to troubleshoot and explain valuation differences.
- Strong delivery capability: requirements → functional specs → build oversight → SIT/UAT → go-live/hypercare.
- Technical comfort: SQL, Unix/Linux for investigation (logs/data checks/reconciliations); scripting (Python/Shell) is a plus.
- Strong stakeholder management: confident engaging directly with FO users and partnering with Technology teams under tight timelines.
Key Responsibilities:
- Own functional delivery for Interest Rate Options on Murex FO: scope, priorities, and delivery outcomes for the IR options stack.
- Lead FO change delivery for IR options: gather requirements, define functional design, drive configuration/build, and manage sign-offs.
- Own and validate curve and market data inputs (indices, fixings, conventions, discounting/forecasting curves) ensuring stable pricing outputs.
- Support and validate IR options volatility setup (surfaces/smile inputs where applicable), calibration assumptions, and downstream impacts to PV/Greeks.
- Drive testing and validation: create scenarios, execute regression/SIT/UAT, manage defect triage, and ensure evidence-based readiness for release.
- Troubleshoot FO production issues: booking/pricing breaks, PV/risk discrepancies, lifecycle events, and market data incidents—drive RCA and coordinate fixes.
- Partner with Product Control and Market Risk to support valuation explain, controls, and front-to-back alignment (trade → risk → P&L).
- Maintain strong delivery hygiene: documentation (functional specs, test packs, runbooks), release readiness, and structured stakeholder communications.
