We present the spectral/timing properties of the bare Seyfert galaxy Ark 120 through a deep ∼420 ks XMM-Newton campaign plus recent NuSTAR observations and a ∼6-month Swift monitoring campaign. We investigate the spectral decomposition through fractional rms, covariance and difference spectra, finding the mid-to long-timescale (∼day-year) variability to be dominated by a relatively smooth, steep component, peaking in the soft X-ray band. Additionally, we find evidence for variable Fe K emission red-ward of the Fe Kα core on long timescales, consistent with previous findings. We detect a clearly-defined power spectrum which we model with a power law with a slope of α ∼ 1.9. By extending the power spectrum to lower frequencies through the inclusion of Swift and RXTE data, we find tentative evidence of a high-frequency break, consistent with existing scaling relations. We also explore frequency-dependent Fourier time lags, detecting a negative ('soft') lag for the first time in this source with the 0.3-1 keV band lagging behind the 1-4 keV band with a time delay, τ , of ∼ 900 s. Finally, we analyze the variability in the optical and UV bands using the Optical/UV Monitor on-board XMM-Newton and the UVOT on-board Swift and search for time-dependent correlations between the optical/UV/X-ray bands. We find tentative evidence for the U-band emission lagging behind the X-rays with a time delay of τ = 2.4 ± 1.8 days, which we discuss in the context of disc reprocessing.