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Compliance - Quant Modeling Associate Senior - Associate
Compliance - Quant Modeling Associate Senior - Associate-May 2024
Wilmington
May 24, 2025
About Compliance - Quant Modeling Associate Senior - Associate

  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.

  Job Summary:

  Office of Fair Lending is seeking a qualified Fair Lending Quant Modeling Associate Senior 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 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 Graduate degree in a quantitative field with 3+ 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

  JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's 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 and perspectives that 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. (If you are a US or Canadian applicant with a disability and wish to request an accommodation to complete the application process, please contact us by calling the Accessibility Line (US and Canada Only) 1-866-777-4690 and indicate the specifics of the assistance needed.)

  We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

  JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

  Base Pay/Salary

  Jersey City,NJ $114,000.00 - $170,000.00 / year

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