Murex Credit and Market Risk implementation Consultant

London | Hybrid (2-3 days onsite, remote the rest of the week)

6months + contract

£660 per day inside IR35

A leading financial services company is seeking an experienced Risk Consultant with market and credit risk system implementation expertise, preferably across Murex.

Key Responsibilities

• Act as a Risk Consultant for risk and regulatory projects on Murex.
• Implement and configure market risk modules (Scenario Definition, MRE, ERM, Datamart processes, market data configurations).
• Implement and configure credit risk modules (Risk Configurations, Limits Management, MLC formulas, LRB, Limits Engine Configuration, Excess Management).
• Provide hands-on technical expertise in SQL, Shell Scripting, ANT Scripting, and scheduling tools (Control-M, Autosys).
• Work closely with IT teams, infrastructure teams, and external consultants to deliver solutions.
• Engage in all project phases: build, unit testing, UAT, regression testing, and deployment.
• Manage stakeholder relationships, clearly explaining technical topics to non-technical users.

Market Risk Requirements

• Strong understanding of VaR, stressed VaR, expected shortfall, stress testing, and scenario analysis.
• Knowledge of financial instruments across various asset classes (vanilla IRS, CCS, FX Forwards, etc.).
• Familiarity with Basel 2, Basel 2.5, Basel 3, FRTB regulatory frameworks.
• Experience with risk platforms such as Murex, Calypso, Finastra is a plus.

Credit Risk Requirements

• Strong knowledge of credit risk measures, PFE, xVA, compliance rules, and collateral management.
• Experience with Basel 2, Basel 2.5, Basel 3, SA-CCR, SIMM, FRTB-xVA.
• Hands-on experience with Murex (MLC), Markit, Calypso, Finastra is an advantage.

Ideal Candidate

? 5-8+ years of hands-on risk system implementation experience.
? Strong problem-solving skills with the ability to debug and resolve issues quickly.
? Effective communicator, able to manage multiple stakeholders across IT and business teams.
? Passion for learning and exploring new risk system functionalities.