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

SouthState Bank's Treasury Analytics Department is responsible for assessing and reporting on the Bank's asset liability position, credit risk exposure, capital position, liquidity position, and other forward looking risk exposures to inform the Bank and manage risk in compliance with internal and external oversight.

The position of ALM Modeling Analyst is responsible for generating interest rate risk management reports, portfolio analytics, Executive ALCO reporting, strategic NII forecasts, and maintaining the end-to-end control environment of the Bank's ALM function. This position supports the analysis of interest rate, liquidity, capital, and credit risk management in alignment with applicable governance policies. This position will develop the ability to run the entire ALM process and sub-processes such as CECL reserve calculations, loan and deposit valuations, and strategic NII and capital forecasts.

Qualified candidates should have some experience with an industry standard ALM platform or cash flow forecasting tool and a strong understanding of accounting and financial risk management practices as they relate to commercial banking. A successful candidate can expect the opportunity to grow within this role and undertake more advanced responsibilities as time progresses.

ESSENTIAL FUNCTIONS

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

• Support the Director of Asset Liability Management in administering and maintaining the Asset Liability Management Software ("ALM Software")
• Understand and execute processes interfacing between the core bank data platform, other data sources, and the ALM platform (Empyrean ALM) to support the administration of financial risk modeling
• Reconcile data feeding into the ALM system to reports generated by the ALM system related to interest rate risk, liquidity risk, NII and capital forecasting, and CECL
• Analyze and report on the interest rate characteristics of investments, loans, deposits, and borrowings to provide the ALCO with tools to proactively manage interest rate and liquidity risk
• Perform analytical studies of interest rate and liquidity risk using the ALM Software pursuant to the Interest Rate Risk Management Policy, Liquidity Risk Management Policy, and applicable OCC Handbooks
• Perform analytical studies on loans, deposits, investments, and borrowings external to the ALM platform using data extracted from the core banking system and other data sources
• Identify and report unusual analytical findings to the Director of Asset Liability Management
• Maintain and enhance ongoing monitoring of relevant applications including, but not limited to, Empyrean ALM, Empyrean Liquidity Stress Testing, and Empyrean Deposit Analytics
• Further develop stress testing and back-testing of key model assumptions and supporting documentation for model assumptions and outputs
• Develop and maintain controls, including SOX controls, related to ALM, CECL, Capital Stress Testing, and Liquidity Stress Testing
• Prepare and calculate the quantitative portion of CECL reserves using the ALM platform
• Assist in presentations to the ALCO, Board, regulators, and others end users as requested
• Prepare and update relevant procedure manuals
• Continuously update skills by participating in professional training
• All other tasks, responsibilities, or duties, as directed by management

COMPETENCIES

• Proven strength interpreting, analyzing, synthesizing, and reporting financial data in an accessible form for various end users
• Experience running and supporting ALM software and subroutines
• Strong understanding of accounting, bank financial statements, and supporting systems
• Capable of using advanced features within Excel and comfortable learning database and data manipulation tools such as PowerBI, Tableau, and SQL
• Broad knowledge of banking operations including products, services, and regulatory compliance
• Experience preparing executive-level reports using Microsoft Office
• Must have strong communication skills characterized by excellent writing and speaking skills
• Must be well-organized, accurate, and attentive to detail
• Must be able to effectively maintain recurrent tasks and deliver consistent results
• Must demonstrate excellent interpersonal skills with end users and colleagues
• Must be willing to function as a team member
• Must be willing to demonstrate commitment to SouthState Bank's mission and goals

QUALIFICATIONS, EDUCATION, & CERTIFICATIONS REQUIREMENTS

• Education: Bachelor's degree in finance, economics, accounting, mathematics, or data analytics. Other education may be considered with an appropriate combination of work experience

• Experience: Two to five years of banking experience with preference given to experience in commercial bank ALM modeling. Heavy emphasis in finance and bank related financial modeling skills. Additional experience in interest rate and liquidity risk management, ALCO reporting, budgeting, forecasting PPNR, model risk management, and systems development preferred

• Certifications/Specific Knowledge: No specific designations required, but CFA, FRM, CPA, and database software designations will be viewed with preference. Additional preference given to candidates with prior Empyrean ALM platform experience

TRAINING REQUIREMENTS/CLASSES

Examples: Required annual compliance training; New Employee Orientation

PHYSICAL DEMANDS

Must be able to effectively access and interpret information on computer screens including documents, reports, and software applications. This position requires extended periods of time in front of a computer. Efforts will be made to provide the candidate with proper equipment to accomplish this function comfortably.

WORK ENVIRONMENT

The work environment may be in a private office at a bank property or telecommuting. Telecommuting environments (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 may be required to come to meetings as needed.