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Urgent! 3A Client Internship - Trading Non-Linear Rates - IR Gamma validation Job Opening In Paris – Now Hiring Murex
Murex is a global fintech leader in trading, risk management and processing solutions for capital markets.
Operating from our 19 offices, 3 000 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is used by banks, asset managers, corporations and utilities, across the world.
Join Murex and work on the challenges of an industry at the forefront of innovation and thrive in a people-centric environment.
You’ll be part of one global team where you can learn fast and stay true to yourself.
The Team:
As part of Murex’s Trading domain, our teamis firstly responsible for the smooth, timely and cost-effective implementation of our platform in the client’s environment.
Following the client go-live, the client services team develops and implements an appropriate upgrade and support strategy.
Client services EMEA Trading team is responsible of providing expertise to the client and support him on MX.3 platform in the maintenance phase, new implementation and extension phases.
The team is also coordinating with Trading product experts to raise the client concerns, align the recommendations and share the new areas of enhancement.
The Mission:
Context:
The IR Par Gamma is a critical risk metric for non-linear interest rate derivatives (IRD) trading.
It provides a localized measure of rates convexity and helps traders anticipate the need to re-hedge their delta positions when interest rates shift by a few basis points.
Historically, the IR Par Gamma implementation in the Murex platform had several limitations.
Given its importance and widespread demand from non-linear rate clients, Murex has undertaken a complete redesign of the way this metric is computed.
A new solution has recently been developed and integrated into the platform.
This internship will focus on validating and deploying this enhanced risk metric.
Objective and missions:
Functional Validation:
Test the new IR Par Gamma approach across a range of financial instruments including Swaptions, Caps/Floors, and Interest Rate Swaps (IRS).
Ensure the solution works end-to-end and performs reliably in various market and configuration contexts.
Quality Assurance & Feedback:
Identify and report any anomalies, incidents, or improvement opportunities to the product and development teams.
Collaborate with internal stakeholders to refine the solution based on testing outcomes.
Client Deployment:
Deploy and validate the solution in a specific Murex client environment, ensuring it meets client-specific requirements and standards.
Provide support during the deployment phase and assist in troubleshooting any issues.
Documentation & Knowledge Sharing:
Produce a comprehensive deployment guide detailing:
The solution architecture
Configuration steps
Validation procedures
Scope of coverage
Murex recommendations and known limitations
Effort Estimation:
Assess and document the effort required to deploy and validate the solution across other client environments.
Your profile/Who you are?
Final-yearMaster’s student (Bac+5) from an engineering school, ideally with a focus on financial markets
Familiarity with financial products and a genuine interest in capital markets is appreciated
Curious and analytical, with Strong analysis skills
Organized, precise, and capable of synthesizing technical and functional information
Able to work independently and take initiative
Attentive to client needs, with strong listening and adaptability skills
Good communication skills and interactions with others
Enjoys working collaboratively in a team environment
English is a must
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Great news! Murex is currently hiring and seeking a 3A Client Internship Trading Non Linear Rates IR Gamma validation to join their team. Feel free to download the job details.
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