CCOR Fair Lending Quant Modeling Associate Senior
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
Compliance’s Office of Fair Lending
JPMorgan Chase and Co. (JPMorgan Chase) is committed to provide fair, equitable, and nondiscriminatory access to credit for both individuals and communities. This commitment is part of our fundamental mission of providing quality financial services to existing and prospective customers in accordance with all applicable laws and serving unique customers. To accomplish this, the Office of Fair Lending (OFL) has a very robust Fair Lending function that oversees firm’s compliance with fair lending laws.
Job Summary
Office of Fair Lending is seeking a qualified Fair Lending Quant Modeling Associate Senior to perform statistical analyses to detect & mitigate bias in line-of-business models. This individual will also participate in bias testing-related research projects to support & enhance the bank’s fair lending compliance program.
Job Responsibilities:
As a Fair Lending Quant Modeling Associate Senior in this high-visibility role, you will:
Conduct statistical analyses and bias testing to review business models, including both traditional and machine learning / artificial intelligence models (ML/AI),for fair lending compliance
Build data-driven algorithms to mitigate potential disparate impact of models by working alongside model developers, business strategy owners & Legal to develop less discriminatory alternative models
Prepare presentations & reports to explain statistical results in both non-technical and technical formats to various stakeholders such as senior management, Legal, Model developers, Model Governance etc.
Perform research & development to keep the fair lending compliance program aligned with industry and regulatory standards
Create model documentation; work with Control, Audit and Model Governance teams to ensure adequacy of processes, statistical models and model reviews
Support the team in maintaining relevant policies & procedures and representing fair lending in regulatory exams, audits and other areas related to internal governance
Take ownership of portfolios or projects as needed
Perform other related duties as assigned
Required Qualifications, Capabilities, and Skills:
Bachelor degree required in a quantitative field (e.g., Statistics, Economics, Computer Science, Engineering) with 8+ years of relevant work experience, or Masters degree in a quantitative field with 6+ years of relevant work experience
Entrepreneurial spirit, strong attention to detail, ability to take the lead on projects, in depth interest in solving complex business problems with data and passion for spreading a culture of change towards data-driven decision making
Proficiency in Python, cloud computing platforms and tools (e.g., AWS, Databricks, Spark) and database systems (e.g., Hadoop, Teradata, Hive)
Experience in developing, implementing or evaluating linear / logistic regression and machine learning / artificial intelligence models
Experience working or consulting for a bank, a consumer financial product company such as a non-depository mortgage lender or fintech, a banking regulator (e.g., OCC, CFPB) or other similar government regulatory or enforcement agencies with knowledge of how consumer financial products such as mortgage and auto loans are underwritten and priced
Strong project management , critical thinking and analytical skills; ability to work in a fast-paced environment and manage multiple projects towards completion with focus on quality
Excellent communication skills both verbal and written; ability to communicate technical matters in a non-technical way & clearly present complex and sensitive issues
Preferred Qualifications, Capabilities, and Skills:
- Experience in SAS
- Experience with bias detection tools or research of fairness
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
Skills Required
- Bachelor's degree in a quantitative field with 8+ years experience, or Master's with 6+ years
- Proficiency in Python
- Experience with cloud computing platforms and tools (e.g., AWS, Databricks, Spark)
- Experience with database systems (e.g., Hadoop, Teradata, Hive)
- Experience developing, implementing, or evaluating linear/logistic regression and ML/AI models
- Experience with fair lending, consumer credit products, or regulatory consulting for banks or regulators
- Strong project management, critical thinking and analytical skills
- Excellent verbal and written communication; ability to explain technical matters to non-technical audiences
- Experience with SAS
- Experience with bias detection tools or fairness research
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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