Sr. Model Risk Quantitative Analyst (Remote)

As a leading regional bank, SouthState has been providing financial solutions to individuals, families, and businesses in the Southeast for more than 100 years. SouthState team members strive to create remarkable experiences while building meaningful and lasting relationships. We are proud to be a reflection of the communities we serve, and our team members share core values that make SouthState a great place to bank, and a great place to work.

SUMMARY/OBJECTIVES

Position is a senior validator role with the model risk management team. responsible for conducting model validations and providing critical analysis of model assumptions, methodologies, data, and calculations to determine a model's suitability based on its intended business use. Very little supervision required. This is a lead validator position within the team and includes providing technical guidance and leadership to other model validators.

ESSENTIAL FUNCTIONS

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Independently conducts model validation and model risk governance across business units.
• Applies robust model validation methodology to assess the conceptual soundness of model theory, quality of model implementation, and model ongoing monitoring.
• Develops and applies model quality assessment and approval criteria to ensure the integrity of model implementation, inputs, outputs, monitoring and reporting.
• Assists in developing and maintain model documentation, work papers and professional reports of validation results.
• Communicates findings from validate work to management and stakeholders, including recommendations as appropriate.
• Summarizes and presents model validation results to model risk management committee as requested.
• Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.

Experience

• In-depth knowledge in Retail modelling, PD/LGD/EAD, loss reserve, CECL, capital and stress testing models
• Hands on experience in model validation and model development; and working with large and complex data sets.
• Able to conduct independent testing and build challenger models for credit forecasting.
• Strong knowledge of SR11-7, capital, stress testing, and other regulatory requirements.
• Strong analytical skills, both quantitative and qualitative.
• Effective interpersonal skills, strong communication, especially written.
• Work Experience: 5 to 7 years of specialized experience in banking or financial modeling.
• Advanced knowledge of a statistical programming package is required.
• Ability to challenge model frameworks through benchmark/challenger model development using advanced modeling techniques
• Advanced knowledge of applied statistics such as Regression Analysis, Bayesian Statistics, Importance Sampling, etc.

Personal Competencies

• Adept at working virtually and independently in a multi-faceted organization.
• Strong technical writing and verbal communication skills are required.
• Internally motivated to drive process improvement.
• Superior time management skills are required.

Qualifications and Education Requirements

Education:

• Required: MS (or equivalent experience).
• Preferred: PhD Degree in Quantitative Math, Finance or Physics a plus.

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