Join JPMorgan Chase: Fair Lending Quant Modeling Analyst Opportunity
Bring your expertise to JPMorgan Chase. As part of our Risk Management and Compliance team, you will play a critical role in ensuring JPMorgan Chase remains strong and resilient. Your efforts will support the firm's responsible growth by anticipating emerging risks and applying expert judgment to solve real-world challenges that impact our company, customers, and communities. Our culture thrives on thinking outside the box, challenging the status quo, and aiming to be best-in-class.
Fair Lending Quant Modeling Analyst - Role Overview
As a Fair Lending Quant Modeling Analyst, you will conduct statistical modeling and analyses to detect and mitigate bias in line-of-business models. In this high-visibility role, you will participate in bias testing-related research projects to support and enhance the bank’s fair lending compliance program.
Key Responsibilities
- Conduct statistical analyses and bias testing to review business models, including traditional and machine learning/artificial intelligence models (ML/AI) for fair lending compliance.
- Develop data-driven algorithms to mitigate potential disparate impact of models by collaborating with model developers, business strategy owners, and Legal to create less discriminatory alternative models.
- Prepare and present statistical results in both technical and non-technical formats to stakeholders such as senior management, Legal, Model developers, and Model Governance.
- Perform research and development to ensure the fair lending compliance program aligns with industry and regulatory standards.
- Create model documentation and work with Control, Audit, and Model Governance teams to ensure the adequacy of processes and model reviews.
- Support the team in maintaining policies and procedures and representing fair lending in regulatory exams and audits.
- Perform other related duties as assigned.
Required Qualifications, Capabilities, and Skills
- Bachelor's degree in a quantitative field (e.g., Statistics, Economics, Computer Science, Engineering) with 2+ years of relevant experience, or a Master’s degree with 1+ years of relevant experience.
- Strong entrepreneurial spirit, attention to detail, and ability to lead projects. Deep interest in solving complex business problems with data and fostering a culture of data-driven decision-making.
- Proficiency in Python, shell scripting, cloud computing platforms/tools (e.g., AWS, Spark), and database systems (e.g., Hadoop, Teradata, Hive).
- Experience in developing and evaluating linear/logistic regression and machine learning/artificial intelligence models.
- Experience in banking, consumer financial product companies (e.g., non-depository mortgage lenders, Fintech), or government regulatory agencies with knowledge of consumer financial products.
- Strong organizational, prioritization, critical thinking, and analytical skills, with the ability to manage multiple projects in a fast-paced environment.
- Excellent verbal and written communication skills, with the ability to present complex and sensitive issues in a non-technical manner.
Preferred Qualifications, Capabilities, and Skills
- Experience in SAS.
- Experience with bias detection tools or fairness research.
About JPMorgan Chase & Co.
JPMorgan Chase & Co., one of the world’s oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses, and many prominent corporate, institutional, and government clients under the J.P. Morgan and Chase brands. With over 200 years of history, we are leaders in investment banking, consumer and small business banking, commercial banking, financial transaction processing, and asset management.
Our Benefits and Compensation Package
We offer a competitive total rewards package, including base salary based on role, experience, skill set, and location. For eligible roles, discretionary incentive compensation is awarded based on firm performance and individual contributions. Our benefits programs and plans include comprehensive health care coverage, on-site health and wellness centers, retirement savings plans, backup childcare, tuition reimbursement, mental health support, financial coaching, and more. Detailed information about total compensation and benefits will be provided during the hiring process.
Commitment to Diversity and Inclusion
We believe our strength lies in our people, and the diverse talents they bring to our global workforce directly contribute to our success. JPMorgan Chase is an equal opportunity employer, valuing diversity and inclusion. We do not discriminate based on any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age