Quant Modeling Analyst

JPMorgan Chase

3.3

(114)

Hyderabad, India

Why you should apply for a job to JPMorgan Chase:

  • 62% say women are treated fairly and equally to men
  • 78% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.

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    Position summary

    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 Analyst 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 Analyst 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 3+ years of relevant work experience, or Masters degree in a quantitative field with 1+ 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 organization, prioritization, 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 FAQs 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.

    Why you should apply for a job to JPMorgan Chase:

  • 62% say women are treated fairly and equally to men
  • 78% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.