VP - Quant Modeling, Compliance

4 weeks ago


hyderabad, India JPMorgan Chase & Co. Full time

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 VP to perform statistical modeling and 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 VP in this high-visibility role, you will:

Conduct statistical analyses and bias testing to review business models for fair lending compliance, including traditional and machine learning / artificial intelligence models (ML/AI)  Build data-driven algorithms to mitigate 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 abreast with industry and regulatory standards  Create model documentation; work with Control, Audit and Model Governance to ensure adequacy of processes, statistical models and model reviews Support the team in maintaining relevant policies & procedures and represent fair lending in regulatory exams, audits and other areas related to internal governance Manage a team of quants & be responsible for overseeing their work and the quality of team’s deliverables Perform other related duties as assigned, including training other team members, as needed 

Required Qualifications, Capabilities, and Skills:

Bachelor degree required in a quantitative field (., Statistics, Economics, Computer Science, Engineering) and 12+ years of relevant work experience or Masters degree in a quantitative field, and 10+ 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 , shell scripting, cloud computing platforms and tools (., AWS, Spark) and database systems (., Hadoop, Teradata, Hive)  Experience in developing, implementing 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 (., 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 Experience managing a team of 3-5 quants Shift timings - 2:30-11:30pm IST

Preferred Qualifications, Capabilities, and Skills:

Experience in SAS Experience with bias detection tools or research of fairness

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