22 days old

JPMorgan Chase & Co.
Wilmington, DE 19801
  • Job Code

Consumer & Community Banking Fair Lending Sr Compliance Officer - Data Scientist Associate

Job Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, 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 worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Global Compliance plays a critical role in the successful execution of the firm’s compliance mission. The Compliance function ensures the development and maintenance of a strong compliance culture by developing and maintaining program infrastructure that identifies, measures, and monitors compliance with applicable laws, regulations and rules that govern our business globally. Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risk, and monitor and test the adequacy of the firm’s compliance control environment.

Consumer & Community Banking Compliance is responsible for leading and implementing the compliance program across the consumer businesses, including Home Lending, Consumer and Business Banking, Consumer Wealth Management, Card Services, and Auto Finance. The department works with the consumer businesses to ensure practices and policies are appropriately designed and to achieve compliance with both the spirit and intent of applicable laws and regulations, as well as ensuring execution of an effective compliance program.

Compliance’s Office of Fair Lending

JPMorgan Chase and Co. (JPMorgan Chase) is committed to meeting the regulatory standard 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.

Position Description

Office of Fair Lending is seeking one or more qualified quantitative analyst to perform model review, statistical modeling, analysis, surveillance for fair lending compliance and related research and development projects to support the bank’s fair lending compliance program.

The Compliance Associate will perform the following tasks:

  • Review business models for fair lending compliance, including both traditional and machine learning / artificial intelligence models (ML/AI). Perform disparate impact analysis (DIA) and substitution analysis (SA) to support FL approval.

  • Create quantitative / statistical models based on reviewing business policies and procedures; perform independent analysis to assess fair lending risks

  • Perform research & development relating to fair lending risk monitoring and fair lending model review

  • Prepare report of analysis; present statistical results in non-technical terms to senior management

  • Create model documentation; work with Control, Audit and Model Review to ensure adequacy of statistical models.

  • Assist business on fair lending examinations and responding to fair lending-related inquiries

  • Perform other related duties as assigned

  • Graduate degree in a quantitative field (e.g. Statistics, Economics, Computer Science, Engineering).
  • 2+ years applied statistical and analytical work or related graduate school experience

  • Proficiency in at least one analytical languages (e.g., R, Python, SAS); experience with Java or Scala is a plus

  • Experience in developing, implementing and evaluating linear/logistic regression models

  • Experience with machine learning / artificial intelligence models is preferred

  • Experience with shell script, cloud computing platforms (e.g., AWS or Spark) and database systems (e.g., Hadoop, Teradata, or Hive) is a plus

  • Experience with fair lending analysis is a plus
  • Experience with Tableau is a plus
  • Experience of MS Word, Excel and PowerPoint
  • Good communication skills, verbal and written; ability to communicate technical matters in a non-technical way
  • Experience working for a bank, a consumer financial product company such as a non-depository mortgage lender, a banking regulator (e.g., OCC, CFPB) or other related government regulatory or enforcement agencies is a plus

  • Knowledge of how consumer financial products such as mortgage and credit card are underwritten and priced is a plus

Req #: 200003356_2
Location: Wilmington, DE US
Job Category: Compliance
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

Keyword: consumer%20banking


Posted: 2020-01-27 Expires: 2020-03-18

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JPMorgan Chase & Co.
Wilmington, DE 19801

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