No, the deck layout (and the rather thin funnel) is all wrong for the Titanic.
The funnel colour looks a bit too dark for what was known as "White Star buff". It looks more like a Cunard Line or Atlantic Transport Line vessel to me.
With regards the bloke in the picture. I highly doubt that is Murdoch of the Titanic.
The officer has three rings on his cuff - a Chief Officer. That photo would have to pre-date 1911 when Murdoch shaved off his moustache. In the years leading up to his death aboard the Titanic (and when he also had a moustache) Murdoch was progressively third (one ring), second (one ring) and first officer (two rings) on White Star vessels but not a chief.
The moustache also looks too bushy, Murdoch's pre-1911 moustache was rather well trimmed.