Murex Functional Tester

Project description

We've been engaged by a large European Bank to provide resources to their Murex program. Joining this program you will have the benefit of working with an established client team, fully involved in the project initiation through to project implementation.

Responsibilities

• You will work with an established team of Murex Test Analysts across India and onshore locations, owning functional testing activities with a strong emphasis on Front Office (FO), Middle Office (MO), and Back Office (BO) workflows, with particular focus on end-to-end trade lifecycle validation and settlement/payment processes. Daily responsibilities include:
• Perform in-depth functional analysis and testing of Capital Markets products, trading workflows, and Murex modules, with strong understanding of both FO and BO processes.
• Define stream-level test strategy and approach covering FO-MO-BO end-to-end flows.
• Design, configure, execute, and report SIT and UAT test cycles.
• Validate the complete trade lifecycle, including trade booking/capture, lifecycle events, confirmations, settlement, payments, accounting, reconciliation, and reporting.
• Perform functional testing across relevant trading products and asset classes, including FX, Fixed Income/Bonds, Interest Rate Derivatives (IRD), Money Markets, Loans, and Deposits.
• Configure and execute trade insertion, event processing, settlement instructions, payment flows, SWIFT/MX message validation, and reconciliation activities.
• Perform detailed testing of Back Office settlement and payment workflows, including cash products, bonds, loans, deposits, and FX.
• Validate cash flows, settlement processing, payment instructions, and nostro reconciliation.
• Perform and validate Middle Office controls, including OSP checks, lifecycle events, and other relevant trade/control validations.
• Validate SWIFT and MX messages associated with trade confirmations, settlements, and payment processing.
• Create detailed and structured test scenarios and test cases based on business and functional requirements.
• Review and quality-assure test cases to ensure business accuracy, functional coverage, and completeness.
• Work closely with business analysts, developers, and other stakeholders to analyse, troubleshoot, and resolve functional defects.
• Independently manage testing assignments with minimal supervision, prioritising activities based on business criticality and delivery timelines.
• Maintain strong defect management practices, including defect analysis, validation, retesting, and closure.
• Support and guide junior analysts and review their testing outputs.
• Provide clear and structured explanations of functional behaviour, test coverage, defects, and testing outcomes to business and technical stakeholders.
• Contribute to continuous improvement of Murex testing practices and test coverage.

SKILLS

Must have

• 5+ years of hands-on Murex functional testing experience.
• Strong functional understanding of both Front Office and Back Office processes within Capital Markets/Investment Banking applications.
• Strong knowledge of Capital Markets trading products and asset classes, particularly: o FX o Fixed Income / Bonds o Interest Rate Derivatives (IRD) o Money Markets o Loans o Deposits o Cash products
• Strong Back Office domain knowledge, particularly settlement and payment workflows.
• Ability to clearly explain and validate the end-to-end trade lifecycle, including: o Trade booking/capture o Trade events and lifecycle processing o Confirmations o Settlement o Payments o Accounting o Reconciliation o Reporting
• Good understanding of settlement processes, payment flows, cash flows, and nostro reconciliations.
• Hands-on understanding of SWIFT and MX messages relevant to confirmations, settlements, and payments.
• Experience performing Middle Office validations, including OSP checks, lifecycle events, controls, and related functional validations.
• Prior QA experience with strong understanding of test case design, scripting, execution, and defect management.
• Ability to build detailed and structured test scenarios based on business and functional requirements.
• Experience defining test strategies and test approaches for small to medium-sized enhancements.
• Strong analytical and problem-solving skills, with the ability to validate business and functional requirements effectively.
• Ability to work independently on testing assignments with minimal supervision and support.
• Strong understanding of standard QA/testing practices, with exposure to Murex-specific testing best practices.
• Comfortable working with business/client stakeholders and prioritising testing activities based on business criticality.
• Ability to articulate functional analysis, test results, defects, and recommendations clearly and in a structured manner.
• Capability to mentor junior analysts and review their work outputs.

Nice to have

• Experience with MxTest / ONYX or other Murex test automation/testing platforms. • Understanding of various C2 interfaces used within Capital Markets/Investment Banking ecosystems. • Experience working across trading, settlement, and payment functions within Investment Banking/Markets applications. • Familiarity with end-to-end testing across integrated upstream and downstream systems. • Experience with other Murex modules such as: o Market Risk o Credit Risk o Accounting o Other relevant Murex functional modules • Experience working with integrated interfaces and downstream systems involved in settlement, payments, reconciliation, and reporting.