In this role, you may provide compliance risk coverage support for several areas, in addition to executing the following Core Practices: Governance and Oversight, Regulatory Management, Policies and Procedures, Training and Awareness, Monitoring and Testing, Issue Management including customer complaints and corrections, and Fair Lending Risk Assessment Reporting.
The Office of Fair Lending (OFL) plays a critical role in the successful execution of the firm's fair lending compliance mission as a second line of defense. To accomplish this, the OFL Compliance group has a very robust fair lending governance, monitoring and reporting function. You will report to an OFL Executive Director who is responsible for development, implementation, and oversight of JPMC’s Fair Lending program across several lines of business (LOB). We are seeking a Compliance, Conduct and Operational Risk (CCOR) Vice President who can effectively partner with Chase Lines of Business CCOR Compliance and other control functions in those lines of business. The position requires knowledge and experience with underwriting, pricing, and servicing, as well as familiarity with fair lending regulatory and/or audit best practices.
Job Responsibilities:
- Assist LOBs with completion, and review for creditable challenges to the annual Fair Lending Risk Assessment
- Review of written credit policies, credit operating procedures, product guides, pricing matrices, marketing materials, and/or other credit product related materials for compliance with current fair lending regulations such as the Equal Credit Opportunity Act (ECOA) or the Fair Housing Act (FHAct)
- Provide fair lending direction to LOB daily through management meetings, escalated questions, new or changing product development
- Prepare and execute annual monitoring plans or assisting the fair lending data analysis team with LOB specifics
- Develop management, stakeholder, or regulator presentations in order to communicate issues, recommendations, and status of initiatives
- Identify potential concerns and control issues, determine the root cause of issues, and ensure stakeholders develop and implement appropriate corrective actions
- Challenge the status quo by providing critical and analytical thinking and strong decision-making capabilities to identify problems, propose creative solutions, and escalate as necessary
Required qualifications, capabilities, skills
- Experience in Fair Lending or other Regulatory Compliance, audit and/or Risk Management
- 5+ years exposure to credit underwriting and fair lending management processes
- Demonstrate the ability to develop relationships and partner with key stakeholders on projects
- Possess strong written and oral executive-level communications skills
- Detail-oriented; possess a high-level of attention to detail and quality for their work product
- CORE experience a plus with an understanding of process risk and controls
- Ability to work both independently and as a core team member