JOB DESCRIPTION
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 banks 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
• 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 4+ years of relevant work experience, or Masters degree in a quantitative field with 2+ 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
• Shift timings - 2:30-11:30pm IST

Preferred Qualifications, Capabilities, and Skills

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

ABOUT US

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the worlds 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.


ABOUT THE TEAM

Commercial Banking is focused on helping our clients succeed and making a positive difference in our communities. We provide credit and financing, treasury and payment services, international banking and real estate services to clients including corporations, municipalities, institutions, real estate investors and owners, and nonprofit organizations.