Economist - Quantitative Modeler

Simmons Bank Little Rock, AR
Overview

Position Summary At Simmons Bank, the Economist - Quantitative Modeler builds and documents the risk models used to quantify and manage the company's credit, interest rate, liquidity, operational, market, regulatory, and reputational risks on an actual and pro-forma basis. The risk modeling and the resulting risk quantification will be used to influence strategic decisions by Executive Management and the Board of Directors, and drive compliance with regulatory guidance related to stress testing and capital management for financial institutions. The Economist - Quantitative Modeler will develop the tools used to quantify credit risk, provide early identification of trends in compliance activities, and support other areas of the Company in which predictive or analytical models can be employed to improve business performance.

Essential Duties and Responsibilities

* Providing technical knowledge and advice to the Director of Quantitative Analytics and Senior Bank Management related to quantitative econometric analysis, economic capital, and stress testing.

* Developing and documenting the models needed to perform stress analyses in accordance with regulatory requirements for midsized and regional banks that may apply now and in the future.

* Periodically evaluating and enhancing the models to maintain their relevance and ensure compliance with current regulatory requirements.

* Developing, documenting, and maintaining quantitative tools and models used to, among other things,

* Measure risks to earnings and capital inherent in the Company's current position and business plans/forecast;

* Assess economic capital and ensure that risks taken are adequately compensated;

* Measure and analyze the liquidity effects of government suggested and idiosyncratic scenarios;

* Analyze loan prepayment speeds of assets and deposit decay rates;

* Quantify the probability of default, loss given default, and exposure at default to be used in the credit review process and in the calculation of the allowance for loan and lease losses;

* Optimize product and services pricing; and

* Analyze and predict compliance with high risk laws and regulations (including those under the purview of the Consumer Financial Protection Bureau), and performance under the Community Reinvestment Act.

* Guiding and critically evaluating the efforts of consultants and vendors engaged to develop and document models to be used or in use in the production environment.

* Serving as an expert resource in the fields of risk quantification and modeling in support of and working closely with both internal and external stakeholders, including business and risk professionals and regulatory authorities.

* Collaborating with business units to identify the relevant asset-liability management data used in analyses and modeling and to ensure that it is collected and retained.

* Developing, enhancing, implementing, documenting and providing ongoing expert support for the practical applications of analytics, financial economics, and quantitative methods in support of management business decision making, risk management, capital allocation and optimal resource allocation.

* Participating in and providing information for discussions with regulators, independent public accountants, and consultants on current quantitative processes, related outputs and analyses, and management determined model inputs.

* Converting data from different sources into meaningful business intelligence to enhance decisions and financial performance.

* Performing ad hoc analyses as requested by the Director of Quantitative Analytics.

* Making recommendations for enhancing resource allocation and financial performances.

* Communicating results of work and recommendations for improvements or enhancements effectively to all levels of management.

* Performing other duties as may be required.

Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Skills

* Excellent oral and written communications skills including the ability to articulate complex theories, concepts, methodology and findings in a non-technical fashion and to non-technical audiences.

* Strong understanding of general business principles.

* Ability to design and apply complex financial and economic models and quantitative tools to solve business problems.

* Understanding of bank operations, including finance and treasury, credit, deposits and funding, sales, support operations, trust and asset management, and regulatory compliance.

* Excellent quantitative, analytical, and technical skills, including hands-on, practical experience with several of the following techniques:

* Linear and non-linear regression;

* Maximum likelihood estimation;

* Time series estimation and forecasting;

* Panel data analysis;

* Limited dependent and qualitative variable models;

* Optimization;

* Simulation;

* Interest rate modeling/derivative pricing;Data mining;

* Survival analysis.

* Strong interpersonal skills with the ability to work effectively in a team environment and to build cross-functional relationships.

* Superior problem-solving skills.

* Ability to interact with a variety of management levels and to easily shift between a detailed and a big picture focus.

Education and/or Experience

* Ph.D. or Masters degree in economics, finance, statistics, or a related quantitative field.

* Experience working with/in a financial institution in excess of $15 billion in total consolidated assets and direct exposure to DFAST model development processes, program development, and related governance.

* Exposure to CCAR-related models, programs, and governance is highly desirable.

About Simmons Bank

For over 110 years, we've been dedicated to helping people and businesses achieve their financial goals. Today, Simmons Bank has approximately $14 billion in assets along with over 2,500 associates located in communities throughout Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas. We're growing! In fact, Fortune magazine recently listed Simmons as the 62nd fastest growing company in the U.S. Our growth has led to some amazing career opportunities. There's never been a better time to join our team – a team dedicated to working together, high integrity, passion for all we do, and a commitment to high performance and personal and professional growth. If these cornerstones of company culture appeal to you, let's talk!

Equal Employment Opportunity Information

Simmons First National Corporation and its subsidiaries are committed to a policy of equal employment with respect to a person's race, color, religion, sex, ancestry, sexual orientation, gender identity, national origin, covered veterans, military status, physical or mental disability or any other legally protected classifications. Simmons First National Corporation and its subsidiaries are committed to Affirmative Action Programs consisting of results-oriented procedures to ensure equal employment opportunities. These programs require positive action in lieu of neutral non-discrimination and merit hiring/performance policies.

If you are an individual with disabilities who needs accommodation or you are having difficulty using our website to apply for employment, please contact Corporate Human Resources at 870.541.1137 or jobs@simmonsbank.com.