Financial Econometric Modeler

Simmons Bank Little Rock , AR 72215

Posted 4 months ago

It's fun to work in a company where people truly BELIEVE in what they're doing!

We're committed to bringing passion and customer focus to the business.

Job Description

At Simmons Bank, the Financial Econometric 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 Financial Econometric 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.

Line of Reporting

The Financial Econometric Modeler position will report directly to the Director of Quantitative Analytics.

Primary Responsibilities

Specific job duties will range across several initiatives that include but may not be limited to:

  • 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;

  • Quantify the probability of default and loss given default to be used in the credit review process and in the calculation of the allowance for credit losses; and

  • Optimize product and services pricing.

  • 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.

Educational Requirements

The subject job requires the following educational experience at a minimum:

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

Preferred Related Work or Research Experience

The subject job does not require, but it is preferred, that a candidate will have the following job experience:

  • Experience working with/in a financial institution in excess of $15 billion in total consolidated assets and exposure to the financial and econometric model development processes, program development, and related governance;

  • Experience with SAS, R, Python, or other statistical software

Required Skills and Competencies

The subject job requires the following skills at a minimum:

  • 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.

Schedule

Full-time

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.


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Global Data Modeler

Pwc

Posted Yesterday

VIEW JOBS 11/19/2019 12:00:00 AM 2020-02-17T00:00 A career in National Special Functions, within Internal Firm Services, will provide you with the opportunity to support service, sector, and market leaders deliver the unique PwC client experience to our clients. You'll play an important part in continuously innovating and improving Firm operations so that we can continue to provide the highest quality of services to our current and prospective clients. Our team focuses on representing data as a strategic business asset to help serve our clients. You'll focus on using data and information across PwC to drive change and improvements in data related operations to help enable the business as well as provide insights related to attendant risks. To really stand out and make us ?t for the future in a constantly changing world, each and every one of us at PwC needs to be an authentic and inclusive leader, at all grades/levels and in all lines of service. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future. As a Senior Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to: - Use feedback and reflection to develop self awareness, personal strengths and address development areas. - Delegate to others to provide stretch opportunities and coach to help deliver results. - Develop new ideas and propose innovative solutions to problems. - Use a broad range of tools and techniques to extract insights from current trends in business area. - Review your work and that of others for quality, accuracy and relevance. - Share relevant thought leadership. - Use straightforward communication, in a structured way, when influencing others. - Able to read situations and modify behavior to build quality, diverse relationships. - Uphold the firm's code of ethics and business conduct. Job Requirements and Preferences: Basic Qualifications: Minimum Degree Required: High School Diploma Minimum Years of Experience: 2 year(s) Preferred Qualifications: Degree Preferred: Bachelor Degree Preferred Fields of Study: Computer and Information Science, Data Processing/Analytics/Science Additional Educational Preferences: Other related fields of study may be considered. Preferred Knowledge/Skills: Demonstrates thorough knowledge and/or a proven record of success in the following areas: * Demonstrating critical thinking, using logic and reasoning to identify alternative modeling methods; * Understanding the various normal forms of data models, including dimensional modeling; * Designing conceptual data models that reflect the business needs of a complex global organization; * Demonstrating the ability to learn, recognise new techniques, and increase knowledge of data architecture; * Demonstrating a level of global acumen and have worked across multiple cultures; * Assisting in developing database architectural strategies at the modeling, design and implementation stages to address business or industry requirements; * Performing data analysis required to align and conform data structures to business processes; * Working with data modeling tools such as Sparq Enterprise Architecture; * Exhibiting prior work with integration technologies such as SQL, SQL Server Reporting Services, and Excel Data Analysis; * Understanding how information flows from marketing and sales, Risk and Quality and Finance as well as how information is used for reporting, both territory and globally specific across the PwC Network; * Demonstrating an experience in effective self time management skills with the ability to handle multiple projects simultaneously; * Creating professional networks, building relationships, organising and collaborating with individuals at levels of seniority above that of a Senior Associate and lines of the organization; * Working with cross territory teams, collaborating effectively within a team structure; * Identifying data enhancement opportunities, establishing timely completion of standard tasks and maintaining responsiveness to the needs of the team leaders; * Using judgment to foresee technical issues based on approaches and having an understanding of the impact of issues/ideas as they relate to the firm's strategic initiatives and objectives; * Demonstrating an ability to be coached, take on feedback and to act on it, as well as provide upward feedback when required; * Solving problems and conflict resolution using written and verbal communication skills; * Being aware of budget and work effort constraints, and identifying work efficiency opportunities; * Demonstrating ability to work remotely in a geographically dispersed team; and, * Navigating and working effectively in a heavily matrixed organization. All qualified applicants will receive consideration for employment at PwC without regard to race; creed; color; religion; national origin; sex; age; disability; sexual orientation; gender identity or expression; genetic predisposition or carrier status; veteran, marital, or citizenship status; or any other status protected by law. PwC is proud to be an affirmative action and equal opportunity employer. Pwc Little Rock AR

Financial Econometric Modeler

Simmons Bank