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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 members 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.
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