Compliance - Quant Modeling Senior Associate (Fair Lending) - Associate

Fairygodboss; Wilmington (DE); On-site; USD 85,000 - 115,000; Full time

Job summary

Fairygodboss is seeking a Fair Lending Quant Modeling Associate Sr. in Wilmington, DE. This role involves performing statistical modeling and conducting analyses to detect bias in business models, contributing to the fair lending compliance program.

The ideal candidate will have a background in quantitative fields and experience in statistical analysis, Python, and regulatory environments that govern consumer financial products. Strong communication skills and project management abilities are essential.

Qualifications

• 4+ years relevant experience for Bachelor's or 3+ years for Graduate degree.
• Proficiency in machine learning and AI models.
• Experience in financial regulatory environments.

Responsibilities

• Conduct statistical analyses to review business models for compliance.
• Prepare presentations to explain statistical results to stakeholders.
• Develop algorithms to mitigate model bias.

Skills

Statistical analysis

Python

Critical thinking

Project management

Communication skills

Education

Bachelor's degree in a quantitative field

Graduate degree in a quantitative field

Tools

AWS

Snowflake

Hadoop

Git/Bitbucket

Job description

Job Overview

As a Fair Lending Quant Modeling Associate Sr. within the Risk Management and Compliance organization, you will perform statistical modeling and analyses to detect and mitigate bias in line‑of‑business models. Your role will involve participating in bias testing–related research projects to support and enhance the bank’s fair lending compliance program.

Job Responsibilities

• Conduct statistical analyses and bias testing to review business models, including traditional models, machine learning / artificial intelligence models (ML/AI) as well as Gen AI based models for fair lending compliance. This role offers a unique opportunity to gain exposure to a wide variety of models across different lines of business, enhancing your expertise and broadening your understanding of diverse modeling approaches.
• Engage with extensive model documentation to thoroughly understand the models you review from a fair lending perspective, allowing you to develop a comprehensive understanding of complex models and their applications.
• 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

• 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, Git/Bitbucket, DataBricks) and database systems (e.g., Snowflake, Hadoop, Teradata, Hive).
• Experience in developing, implementing and 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

• Experience with bias detection tools or research of fairness.
• Experience in LLM prompt engineering and LLM‑based model development (e.g., transformers, embeddings, large language models).

Eligibility

To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment‑based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co., will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit including optional practical training (OPT) or curricular practical training (CPT).

EEO Statement

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