Global Compliance & Regulatory Management
Global Compliance & Regulatory Management plays a critical role in the successful execution of the firm™s compliance mission. The Compliance function ensures the development and maintenance of a strong compliance culture by developing and maintaining program infrastructure that identifies, measures, and monitors compliance with applicable laws, regulations and rules that govern our business globally. Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm™s compliance control environment.
Consumer & Community Banking Compliance is responsible for leading and implementing the compliance program across the consumer businesses, including Home Lending, Consumer and Business Banking, Consumer Wealth Management, Card Services, and Auto Finance. The department works with the consumer businesses to ensure practices and policies are appropriately designed and to achieve compliance with both the spirit and intent of applicable laws and regulations, as well as ensuring execution of an effective compliance program.
Compliance™s Office of Fair Lending:
JPMorgan Chase and Co. (JPMorgan Chase) is committed to meeting the regulatory standard to provide fair, equitable, and nondiscriminatory access to credit for both individuals and communities. This commitment is part of our fundamental mission of providing quality financial services to existing and prospective customers in accordance with all applicable laws and 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.
Key Responsibilities:
The successful candidate will be a key member of the Office of Fair Lending and report to the Head of the Office of Fair Lending. The individual will be responsible for:
Responsible for driving the Office of Fair Lending™s strategies, guidelines and statistical methodologies for fair lending analysis and ensure all work is done in accordance with firm™s model governance policies
Responsible for developing and documenting the rationale for metrics and key risk indicators
Responsible for leading and driving discussions with internal and external partners explaining how the Office of Fair Lending uses quantitative analysis to perform fair lending analysis and the related role of model governance in the process
Responsible for driving innovation, proposing enhancements to quantitative techniques, using new tools and techniques such as, machine learning, robotics, and artificial intelligence, etc.¦.
Responsible for developing an understanding and adopting best practices of the data analytics processes occurring in other similar units (e.g. Compliance Analytics, Line of Business Data Analytics, and Risk Modeling, etc¦)
Responsible for the oversight of the FL Analytics team, which manages a staff of analysts that perform fair lending analyses across multiple lines of business
Responsible for oversight of the FL Model Governance team that ensures that the fair lending analytics models are documented and validated in accordance with firm policies and performs fair lending reviews of the line of business models
Primary interface translating quantitative analysis with regulators during examinations and responding to regulatory requests
Establishing a framework for the LOBs to have controls in place to monitor for data quality
Monitoring developments in fair lending analytics in the academic and regulatory communities
Ensuring the teams are establishing relationships with the appropriate business partners in order to understand business processes and their potential impact on fair lending outcomes
Working collaboratively with Legal and Compliance partners
Qualifications Internal Qualifications:
Excellent communications skills (written and oral), with the ability to effectively communicate with senior executives and regulators
Knowledge of statistical modeling techniques, including decision trees, regressions, machine learning
Able to interface with internal clients and translate technical data into user-friendly reports
5-15 plus years of experience in managing quantitative analysis, preferably fair lending analysis
Ability to lead and drive changes
Ability to attract, develop and retain talent in the field of advanced analytics
Preferred:
Advanced degree, MS, JD, MBA or PHD
Regulatory experience
Experience in fair lending
Experience in underwriting, pricing, risk policy/analytics related to mortgage and non-mortgage lending and financial reporting
Experience across broad range of modern data science and analytics tools (e.g., SQL, Hive, Hadoop, Spark, Python, R)
Keyword: home%20lending
Global Compliance & Regulatory Management
Global Compliance & Regulatory Management plays a critical role in the successful execution of the firm™s compliance mission. The Compliance function ensures the development and maintenance of a strong compliance culture by developing and maintaining program infrastructure that identifies, measures, and monitors compliance with applicable laws, regulations and rules that govern our business globally. Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm™s compliance control environment.
Consumer & Community Banking Compliance is responsible for leading and implementing the compliance program across the consumer businesses, including Home Lending, Consumer and Business Banking, Consumer Wealth Management, Card Services, and Auto Finance. The department works with the consumer businesses to ensure practices and policies are appropriately designed and to achieve compliance with both the spirit and intent of applicable laws and regulations, as well as ensuring execution of an effective compliance program.
Compliance™s Office of Fair Lending:
JPMorgan Chase and Co. (JPMorgan Chase) is committed to meeting the regulatory standard to provide fair, equitable, and nondiscriminatory access to credit for both individuals and communities. This commitment is part of our fundamental mission of providing quality financial services to existing and prospective customers in accordance with all applicable laws and 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.
Key Responsibilities:
The successful candidate will be a key member of the Office of Fair Lending and report to the Head of the Office of Fair Lending. The individual will be responsible for:
Responsible for driving the Office of Fair Lending™s strategies, guidelines and statistical methodologies for fair lending analysis and ensure all work is done in accordance with firm™s model governance policies
Responsible for developing and documenting the rationale for metrics and key risk indicators
Responsible for leading and driving discussions with internal and external partners explaining how the Office of Fair Lending uses quantitative analysis to perform fair lending analysis and the related role of model governance in the process
Responsible for driving innovation, proposing enhancements to quantitative techniques, using new tools and techniques such as, machine learning, robotics, and artificial intelligence, etc.¦.
Responsible for developing an understanding and adopting best practices of the data analytics processes occurring in other similar units (e.g. Compliance Analytics, Line of Business Data Analytics, and Risk Modeling, etc¦)
Responsible for the oversight of the FL Analytics team, which manages a staff of analysts that perform fair lending analyses across multiple lines of business
Responsible for oversight of the FL Model Governance team that ensures that the fair lending analytics models are documented and validated in accordance with firm policies and performs fair lending reviews of the line of business models
Primary interface translating quantitative analysis with regulators during examinations and responding to regulatory requests
Establishing a framework for the LOBs to have controls in place to monitor for data quality
Monitoring developments in fair lending analytics in the academic and regulatory communities
Ensuring the teams are establishing relationships with the appropriate business partners in order to understand business processes and their potential impact on fair lending outcomes
Working collaboratively with Legal and Compliance partners
Qualifications Internal Qualifications:
Excellent communications skills (written and oral), with the ability to effectively communicate with senior executives and regulators
Knowledge of statistical modeling techniques, including decision trees, regressions, machine learning
Able to interface with internal clients and translate technical data into user-friendly reports
5-15 plus years of experience in managing quantitative analysis, preferably fair lending analysis
Ability to lead and drive changes
Ability to attract, develop and retain talent in the field of advanced analytics
Preferred:
Advanced degree, MS, JD, MBA or PHD
Regulatory experience
Experience in fair lending
Experience in underwriting, pricing, risk policy/analytics related to mortgage and non-mortgage lending and financial reporting
Experience across broad range of modern data science and analytics tools (e.g., SQL, Hive, Hadoop, Spark, Python, R)
Keyword: home%20lending
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 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.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the œWELL Health-Safety Rating for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm™s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm™s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
Equal Opportunity Employer/Disability/Veterans
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.
