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The Quantitative Analyst I position will serve as a critical member of the Enterprise Model Risk Management unit. The Enterprise Model Risk Management unit is responsible for conducting and/or providing oversight for three primary enterprise level functions:  model development, model validation, and ongoing model monitoring. The Quantitative Analyst will assist in the Second Line of Defense primarily involving model validation, model monitoring activities, and oversight of cascading risk metrics and controls which require various degrees of mathematical, financial, and statistical complexity.

Essential Duties and Responsibilities

Producing written reports containing quantitative and qualitative critique of assumptions, limitations, conceptual soundness, accuracy, and performance of statistical, economic, financial, and other mathematical modelsDeveloping and executing a comprehensive methodology to determine the appropriateness of models and their functionalityRecommending appropriate remediation for issues or concerns identified during the model review and validation processesEnsure all departmental documents and activities comply with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance trainingProvides effective challenge to model developers, users, and owners during the model development, acquisition, validation and review processes.Assists in the creation and maintenance of the policies, standards, and procedures required to implement the Enterprise Model Risk Management frameworkCommunicating technical information to both technical and non-technical audiencesPerforms other duties and ad hoc analysis as assigned by supervisors and management

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.

Bachelor’s degree in a quantitative field such as Statistics, Mathematics, Operations Research, Finance, or Economics/Econometrics with 2 years or more of directly related work experience developing or validating models preferably at financial institutionsExperience working within regulatory guidance FRB SR 11-7 or OCC 2011-12Ability to read and interpret documents such as procedure manuals, general business correspondence, technical journals, or government regulationsAbility to read and interpret financial report and/or legal documentsAbility to write routine reports and business correspondenceAbility to effectively present information in one-on-one and small group situations with customers, clients, and other members of the bankStrong verbal and written communication skillsProficiency in MS Office suiteAdvanced ability in a programming languageAbility to work under pressure and deliver according to milestonesAbility to integrate into a high-performing teamEffective communication skills

Skills

Ability to read and interpret documents such as procedure manuals, general business correspondence and/or journals or government regulationsAbility to read, analyze and interpret financial report and/or legal documentsAbility to write simple correspondence, routine reports and business correspondenceAbility to effectively present information in one-on-one and small group situations, to customers, clients and other employees in the organization

Preferred Qualifications

MA, MS, or PhD in a quantitative field such as Statistics, Mathematics, Operations Research, Finance, or Economics/Econometrics with 1 year or more of directly related work experience developing or validating models preferably at financial institutionsExperience conducting independent, documented research such as thesis, dissertation, or other peer-reviewed publicationExperience developing or validating Machine Learning (AI/ML), survival analysis, anomaly detection, ensemble, or other advanced statistical models4+ years of experience using R, SAS, Python, or other statistical programming softwareChartered Financial Analyst (CFA) or Financial Risk Manager (FRM) or other relevant certificationsKnowledge and proficient use of data management toolsAdvanced knowledge of regression-based modeling practicesAbility to work on a diverse set of high priority projects simultaneouslyDemonstrated critical thinking ability and innovation

Computer Skills 

MS Office programs

Certificates, Licenses, Registrations 

Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) certifications preferred

Other Qualifications (including physical requirements)

Knowledge and proficient use of data management toolsKnowledge and proficient use of statistical softwareAdvanced knowledge of econometric/regression-based modeling practicesAbility to work on a diverse set of high priority projects simultaneouslyStrong written communication skillsStrong oral communication skills, including conversing with non-quantitative analyst managers, financial institution regulators, internal and external auditors.

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.