The Team: 

As part of Murex’s Trading domain, our team is 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-year Master’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