Associate, Model Development

Bank OZK•Dallas, TX

About The Position

Responsible for building and documenting 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 models and resulting quantification inform strategic decisions by executive management and the board of directors, support compliance with Basel III regulatory directives, and provide guidance for financial-institution stress testing and capital management under DFAST and CCAR protocols. The role also develops and documents quantitative tools for credit-risk measurement, early identification of compliance trends, and predictive or analytical modeling that can improve business performance across the Bank. The Associate develops, enhances, implements, documents, and supports analytics, financial economics, and quantitative methods for business decision-making, risk management, capital allocation, and optimal resource allocation. The role converts data from multiple sources into business intelligence, performs requested analyses, leads model implementation planning and execution in collaboration with stakeholders, and leads or assists with model remediation. It communicates results and recommendations for improvement to the supervisor.

Requirements

Master’s degree in finance, economics, or a related field, or commensurate work experience.
At least 2 years of experience planning and leading complex quantitative projects.
Experience with standard modeling and data-extraction tools, such as SAS or R, and VBA.
Knowledge of general business principles.
Knowledge of several applicable techniques, including linear and nonlinear regression, maximum likelihood estimation, time-series estimation and forecasting, panel data analysis, limited dependent and qualitative variable models, optimization, simulation, interest-rate modeling or derivative pricing, data mining, and survival analysis.
Effective verbal and written communication skills.
Ability to explain complex theories, concepts, methodologies, and findings to non-technical audiences.
Effective quantitative, analytical, technical, problem-solving, and interpersonal skills.
Ability to work in a team environment and build cross-functional relationships.
Ability to produce high-quality documents, presentations, and analyses.
Computer skills, including Microsoft Word, Excel, Access, PowerPoint, and Outlook.

Responsibilities

Develop, document, and maintain quantitative tools and models to measure risks to earnings and capital in the Company’s current position and business plans or forecasts.
Assess economic capital and ensure risks taken are adequately compensated.
Measure and analyze liquidity effects under government-mandated and idiosyncratic scenarios.
Quantify Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) for credit review and allowance for loan and lease losses calculations.
Optimize product and service pricing.
Develop expertise in risk quantification and modeling while working with internal and external stakeholders, including business and risk professionals and regulatory authorities.
Develop, enhance, implement, document, and provide ongoing expert support for analytics, financial economics, and quantitative methods that support management decisions, risk management, capital allocation, and resource allocation.
Convert data from different sources into business intelligence to improve decisions and financial performance.
Perform ad hoc analyses requested by management.
Lead model implementation planning and execution, collaborating with stakeholders.
Lead and/or assist with model remediation.
Communicate work results and recommendations for improvements or enhancements effectively to the supervisor.
Perform other duties as required.