Risk Operations Support Manager

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
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:

* Lead the Annual Model and Key EUC Risk Assessment, Attestation, and Annual Review processes. Conduct ad hoc reviews during the year as new candidates are identified.
* Lead Archer governance, enhancements, and Model Owner/ User training for the department.
* Lead EUC identification and provide oversight of the EUC Program.
* Create and automate reporting for the department, including both model and market risk.
* Work with business units to develop ongoing monitoring plans, ensuring the implementation of appropriate model testing, and oversee OMP reporting.
* Offer effective challenge of models, including model assumptions, methodologies, data and calculations at all phases of the model life cycle.
* Prepare reports and present assigned information to the Model Risk Management Committee.
* Test various models and Key EUC Tools throughout the Bank.
* Conduct validations on models, simple models, and Key EUC tools as applicable.
* Assist with audit and regulatory reviews.
* Perform other duties as assigned.

COMPETENCIES
* Strong analytical skills and ability to understand and interpret complex model information.
* Strong Computer skills including Excel, PowerPoint, SQL
* Strong oral and written communication skills and the ability to interact with people at all levels of the organization
* Ability to explain and teach complex models and quantitative information completely and accurately
* Commitment to meeting deadlines and achieving assigned goals

QUALIFICATIONS, EDUCATION, AND CERTIFICATION REQUIREMENTS

EDUCATION
Education: Advanced degree in a 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, IRR, stress testing, and other regulatory requirements.
* Strong analytical skills, both quantitative and qualitative.
* Effective interpersonal skills, strong communication, and written communication.
* Work Experience: 5 to 7 years of specialized experience in banking or modeling.
* Advanced knowledge of a statistical programming package is required.
* Ability to challenge model frameworks through benchmark/challenger model development using advanced modeling techniques.

TRAINING REQUIREMENTS/CLASSES
Required annual compliance training, New Employee Orientation, MRM specific training

PHYSICAL DEMANDS
Must be able to effectively access and interpret information on computer screens, documents, reports, and cash denominations, and identify customers. This position requires a large amount of time in front of a computer. This can be done sitting or standing with use of the right desk.

WORK ENVIRONMENT
Telecommuting roles no matter if hybrid or 100% full time telecommuting must have a secure home office environment that is free from background noise and distractions. They must also have a reliable private internet connection that is not supplied by use of cellular data (hot spot). Cable or fiber connections are preferred. Requirements are subject to change, as new systems and technology is delivered.

TRAVEL
Travel may be required to come to meetings as needed.

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