Assistant Vice President Model Development

Why Bank OZK

Founded on a legacy of more than 120 years in banking, Bank OZK is much more than just a company. We’re nationally recognized as an industry leader in financial services. That means we combine exceptional service with innovative technologies to deliver smart solutions to our clients across the country. We’re investing in small businesses, fueling economies in local communities and changing skylines in the largest cities across America. Here, we're not simply filling roles. We're fostering even greater careers.

The foundation for a great career starts with an exceptional team and a comprehensive benefits package. We believe in providing our dedicated team members with the best resources to support their physical, mental and financial wellbeing, including generous PTO, 401(k) matching, health, dental, vision (and pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits.

Job Purpose & Scope

Responsible for building and documenting the 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 modeling and the resulting quantification is used to influence strategic decisions by executive management and the board of directors, and drive both compliance with the regulatory directives, and support other areas of the Bank in which predictive or analytical models can be employed to improve business performance.

Essential Job Functions

Develops and documents the models needed to perform stress analysis in accordance with regulatory requirements as it relates to Dodd Frank Act Stress Test (DFAST), Basel III, Comprehensive Capital Analysis and Review (CCAR) protocols, and other Federal regulations for large banks that may apply now, and in the future).

1. Develops, documents, and maintains 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 to ensure that risks taken are adequately compensated;
   • measure and analyze the liquidity effects of government-mandated and idiosyncratic scenarios;
   • analyze loan prepayment speeds of assets and deposit decay rates;
   • quantify the Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) to be used in the credit review process and in the calculation of the allowance for loan and lease losses;
   • optimize product and services pricing; and
   • analyze and predict compliance with high-risk laws and regulations (including those under the purview of the Consumer Financial Protection Bureau), and performance under the Community Reinvestment Act.
2. Develops expertise 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.
3. Collaborates 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.
4. Develops, enhances, implements, documents and provides ongoing expert support for the practical applications of analytics, financial economics, and quantitative methods in support management business decision making, risk management, capital allocation and optimal resource allocation.
5. Leads the implementation planning and execution of models and collaborates with stakeholders on the implementation of models.
6. Leads and/or assists with the remediation of models.
7. Converts data from different sources into meaningful business intelligence to enhance decisions and financial performance.
8. Performs ad hoc analyses as requested by the management.
9. Makes recommendations for enhancing resource allocation and financial performance.
10. Communicates results of work and recommendations for improvements or enhancements effectively to all levels of management.
11. May collaborate with management in identifying, recruiting, selecting, and managing a team of high caliber analysts and modelers skilled in the development of modern, practical analytical and predictive models.
12. Performs other duties as may be required.

Knowledge, Skills & Abilities

1. Knowledge of general business principles.
2. Knowledge of several of the following techniques:
   1. Linear and non-linear regression;
   2. Maximum likelihood estimation;
   3. Time series estimation and forecasting;
   4. Panel data analysis;
   5. Limited dependent and qualitative variable models;
   6. Optimization;
   7. Simulation;
   8. Interest rate modeling/derivative pricing;
   9. Data mining;
   10. Survival analysis.
3. Ability to communicate effectively both verbally and in writing.
4. Ability to articulate complex theories, concepts, methodology and findings in a non-technical fashion and to non-technical audiences.
5. Ability to demonstrate effective quantitative, analytical, and technical skills.
6. Ability to demonstrate effective interpersonal skills, including working in a team environment and building cross-functional relationships.
7. Ability to demonstrate effective problem-solving skills.
8. Ability to produce high quality documents, presentations, and analyses.
9. Ability to interact with a variety of organizational levels.
10. Skill in using computers and Microsoft Office, including Word, Excel, Access, PowerPoint and Outlook.

Basic Qualifications

1. Master’s degree in mathematics, finance, economics, or related field, or commensurate work experience, required; PhD or other advanced degree or training, preferred.
2. Minimum of three (3) years of increasingly responsible experience in financial and/or business analysis, required.
3. Prior experience with standard modeling/data extraction tools (e.g., SAS (preferred) or R) and VBA, required.
4. Experience directly related to financial services modeling or model validation at a DFAST/ CCAR institution, preferred.

Job Expectations

Operate customary equipment and technology used in a business environment, with or without accommodation.

Notes: This description is not an exhaustive list of all job functions, duties, skills, and job standards required.  Other job functions, duties, skills, and standards may be added.  Management reserves the right to add or change the job requirements at any time.

This position is not eligible for employer-sponsored work authorization or immigration assistance. Applicants must be able to maintain authorization to work in the United States without current or future sponsorship by Bank OZK.

EEO Statement

Bank OZK is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.