Model Risk Quantitative Analyst (Remote)

The SouthState story is one of steady growth, deep community roots, and an unwavering commitment to helping our customers move forward. Since our beginnings in the 1930s to becoming a trusted financial partner across the South and beyond - we are known for combining personal relationships with forward-thinking solutions.

We are committed to helping our team members find their success while maintaining the integrity of our values: building trust, fostering lasting relationships and pursuing excellence. At SouthState, individual contributions are recognized, potential is cultivated and team members are inspired to achieve their greater purpose. Your future begins here!

This is a key position within the Model Risk Management team that is responsible for performing independent model risk oversight activities, including model identification, determination, classification, inventory management, validation, review, issue remediation testing, reporting, and related activities. Position must ensure compliance with SR 11-7 (Supervisory Guidance on Model Risk Management), the OCC Handbook on Model Risk Management, and the Model Risk Management Policy and Program.

ESSENTIAL FUNCTIONS

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For assigned models:

• Conduct independent model risk assessments, with a focus on AI/ GenAI/ ML models and tools.

• Review and create documentation and testing provided by model owners/ developers, assessing compliance with SR 11-7 and internal MRM policies and procedures.

• Partner with stakeholders to enhance model documentation quality, transparency, and completeness, especially for AI/ ML models and tools.

• Support and lead project work related to MRM, AI / Gen-AI, data lineage, intake processes, and model inventory management.

• Review and assess ongoing monitoring and testing performed by first line model owners.

• Contribute to model validations and testing as needed.

• Help design and refine governance processes for AI models and non-model tools, including write-ups for key areas such as explainability, bias/ fairness, and ethical use.

• Lead Archer governance, enhancements, and Model Owner/ User training for the department.

• Prepare reports and present assigned information to the Model Risk Management Committee.

• Test various models and Key EUC Tools throughout the Bank.

• Assist with audit and regulatory reviews.

• Perform other duties as assigned.

COMPETENCIES

• Strong analytical skills and ability to understand and interpret complex model information.

• Ability to explain and teach complex models and quantitative information completely and accurately

• Commitment to meeting deadlines and achieving assigned goals.

• Ability to read and critically assess model documentation, testing, and monitoring reports.

• Excellent written communication skills, with the ability to summarize technical issues clearly for risk committees and regulators.

• Strong organizational and project management skills, ability to manage multiple priorities.

• Strong analytical skills, both quantitative and qualitative, and ability to work well with others at all levels of the organization.

• Ability to challenge model frameworks through benchmark/challenger model development using advanced modeling techniques.

Qualifications, Education, and Certification Requirements

EDUCATION

Education: Advanced degree in quantitative discipline such as Economics, Quantitative Finance, Statistics, or related quantitative discipline.

• Experience: 3 to 5 years of Banking Finance or Model Risk Management experience, Knowledge of statistical modeling theories preferred.

EXPERIENCE

• Strong knowledge of SR11-7, models and tools, and other regulatory requirements.

• Familiarity with AI/ ML concepts and the challenges of oversight.

• Advanced knowledge of a statistical programming package such as Python or R.

TRAINING REQUIREMENTS/CLASSES

Required annual compliance training, New Employee Orientation, MRM specific training

Benefits | SouthState Careers

Equal Opportunity Employer, including disabled/veterans.