JP Morgan's new policy chief says 10% of 2018 hires at the bank had criminal records.
"We saw last year that 10% of new hires in the U.S. were people with criminal backgrounds," said Heather Higginbottom, president of the J.P. Morgan PolicyCenter, which launched Monday.
Many of the new hires with criminal backgrounds work in entry-levels jobs such as transaction processing, and lending and account services, according to the press release announcing the center and the "second chance" hiring initiative. Those workers were arrested or convicted of low-level crimes, including disorderly conduct, personal drug possession and driving under the influence, the release also said.
"We have 'banned the box' as a firm, which means we've removed the check box asking about criminal backgrounds on an application," Higginbottom said on"We have federal regulations that we abide by, of course, and we always want to find the best person for the job. We're not lowering our standards," she said. "We're just going out in a broader way.
Before joining the bank, Higginbottom was chief operating officer of the Care USA nongovernmental humanitarian organization. She also served in the Obama administration as a deputy budget director and a deputy secretary of State.
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