Quant Modeling Associate

CCOR Fair Lending Quant Modeling AssociateAs 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 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 Associate 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 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 6 years of relevant work experience or Masters degree in a quantitative field with 4 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 e g AWS Spark and database systems e g 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 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 About Us J P Morgan is a global leader in financial services providing strategic advice and products to the world s most prominent corporations governments wealthy individuals and institutional investors Our first-class business in a first-class way approach to serving clients drives everything we do We strive to build trusted long-term partnerships to help our clients achieve their business objectives 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 for more information about requesting an accommodation About the Team Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing Our corporate teams are an essential part of our company ensuring that we re setting our businesses clients customers and employees up for success