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Position Summary
This position is responsible for developing statistically driven models and assumptions for capital and liquidity stress modeling and loan behavior modeling such as prepayments, defaults, etc. This position will also manage, monitor, and develop Credit Risk models, primarily third party models.
Essential Duties and Responsibilities
Maintaining, implementing, calibrating, testing, and monitoring the Bank’s third party Credit Risk models (Moody’s RiskCalc, CMM, Portfolio Analyzer models, etc.).
Implement and manage an Economic Capital model that will be used within the Treasury and Profitability organization.
Develop models to estimate loan behavior assumptions that are leveraged by Credit Risk and Treasury (e.g., prepayments, renewals, defaults, utilization, construction funding, etc.)
Own and refine the Capital Stress Testing program
Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
Performs other duties and responsibilities as assigned.
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
Ability to read and interpret documents such as procedure manuals, general business correspondence and/or journals or government regulations
Ability to read, analyze and interpret financial report and/or legal documents
Ability to write routine reports, procedures and business correspondence; ability to write procedures
Ability to respond in writing to customer complaints, regulatory agencies or member of the business community
Ability to effectively present information in one-on-one and small group situations,
to customers, clients and other employees in the organization
Ability to speak effectively before groups of customers or employees
Ability to effectively present information in one-on-one and small group situations, to customers, top management, public groups and/or boards of directors
Education and/or Experience
MS/MA degree; post graduate education in economic modeling, financial modeling, applied mathematics, statistics, or related field is preferred.
8+ years experience in loan portfolio/credit risk modeling, preferably at a financial institution
Experience using Moody’s suite of credit risk models
Experience in liquidity and capital stress testing models
Computer Skills
MS Office programs
Code and model in Python or R
SQL coding
Other
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Activities, duties and responsibilities may change at any time with or without notice.
Skills Training:
Communication, Critical Thinking, Judgment and Decision Making, Leadership, Management
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.