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Compliance - Fair Lending - Analyst - Jobs in Hyderabad, Pakistan

1.00 to 10.00 Years   Hyderabad, Pakistan   10 Jan, 2024
JP Morgan Chase
1 Jobs Openings
Job LocationHyderabad, Pakistan
EducationNot Mentioned
SalaryNot Mentioned
IndustryOther Business Support Services
Functional AreaNot Mentioned

Job Description

This position will sit within JPMC?s Global Compliance, Conduct, & Operational Risk (CCOR) department in the Office of Fair Lending (OFL). OFL monitoring includes the ongoing evaluation and identification of fair lending risk, as well as control effectiveness in business processes. The monitoring performed is designed to maximize coverage across LOBs by using data and transaction files to assess the level of risk, evaluate controls or processes implemented to mitigate risks and/or oversee compliance with regulatory obligations and internal policies, standards and procedures. The team will primarily cover Consumer Community Banking lending products within Home Lending, Credit Card, Business Banking and Auto.Responsibilities:

  • Responsible for participating in forensic file reviews to confirm fair lending compliance throughout multiple business lines.˙ This work includes an independent assessment of business practices, including the review of underwriting of approved, declined and other non-originated loan applications or validation of appropriate consumer or business pricing identified as part of a Fair Lending comparative file review of credit loan applications and loan life cycle servicing.˙
  • Review scope will focus on underwriting and pricing compliance with written credit policies, credit operating procedures, and fair lending regulations such as the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHAct). ˙
  • Additional responsibilities may include the review of credit policies, credit operations and loss mitigation procedures, product guides, pricing matrices, marketing material and/or other credit product related materials.˙
  • Individuals are expected to use independent judgement as well as technical, operational, and regulatory experience to identify exceptions and solutions while ensuring quality and timeliness of monitoring execution.
Required Qualifications, Capabilities, Skills:
  • Understanding of credit underwriting practices for consumer lending products˙
  • Qualified Graduate with minimum of 4 years˙of related financial services experience in lending related activities, compliance or legal functions or equivalent regulatory background
  • Excellent communication skills, both written and oral are essential since this position frequently engages with line of business stakeholders
  • The ability to work in a constantly changing environment driven by regulatory focus
  • Proficiency with Microsoft Word, Excel, and PowerPoint required˙
  • Prior ˙experience in Regulatory, Compliance, quality control monitoring, or audit initiatives˙
  • Effective time management skills and the ability to work both independently and collaboratively
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. 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.

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