Murex Business Analyst – Commodities (h/f) Full Time

emagine

Murex Business Analyst – Commodities

£600pd Inside IR35

3 days on site

London based

emagine is a high-end professional services consultancy and solutions firm specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.

We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.

We are looking for an experienced Murex Business Analyst – Commodities to join our front-to-back trading technology team, with a strong focus on valuation configuration, product setup, and P&L validation.
This is not a pure quantitative modelling role – the emphasis is on system configuration, functional validation, and analytical replication rather than developing pricing models from scratch.

The ideal consultant will combine hands-on Murex expertise, strong financial product knowledge (especially commodities), and the ability to replicate and validate calculations using Excel.

Key Responsibilities

• Configure Murex valuation settings in line with market conventions and business requirements

• Define and maintain product characteristics based on term sheets and traded market instruments

• Configure and validate sensitivity viewers and risk outputs

• Replicate P&L, sensitivities, and PLVA calculations in Excel to validate Murex results

• Support and enhance the valuation and risk setup for Commodity products within Murex

• Work closely with Front Office, Risk, and Finance stakeholders to interpret term sheets and market requirements

• Participate in testing, validation, and issue resolution related to valuation and P&L discrepancies

Required Skills & Experience

• 3+ years of hands-on Murex experience, including:

  • Valuation settings configuration

  • Product setup and characteristics definition

  • Sensitivities configuration and analysis

  • P&L and PLVA replication

• Proven experience replicating Murex calculations in Excel

• Strong understanding of financial products, with prior experience in Commodities valuation/configuration

• Solid analytical skills with attention to detail

• Postgraduate degree in Quantitative Finance, Financial Products, or a related field

• Exposure to cross-asset Murex environments

• Experience working in Front Office or Risk-facing roles

• Strong problem-solving mindset

• Proactive and able to work independently

• Effective team player with strong stakeholder communication skills

Interested?

At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.

If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.

emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin