At Ally, we take the safety and health of our employees seriously. Related to COVID-19, Ally moved quickly and decisively to protect the health and well-being of our teammates, including instituting a work-from-home protocol in mid-March. We are continuing to hire during this time and are finding new and innovative ways to onboard new teammates remotely. Flexibility remains key as we approach the evolving situation. Our teams will continue to work-from-home until leadership, in coordination with governmental guidance and requirements, determine that it is safe to re-enter our facilities.
You can read more about how Ally is supporting our employees, customers, auto dealers and communities during this unprecedented time here.
Position Description
Credit Risk analysts ensure that Ally makes sound risk decisions. As a Credit Risk Analyst, your work, whether it's identifying key risks or tracking performance metrics, is used by Ally's senior leaders to make strategic business decisions. You make creative yet calculated decisions that are backed by both experience and knowledge while finding innovative ways to take on big picture challenges and solve important problems.
The Credit Risk team within the Independent Risk Management function is responsible for analytics and reporting that enable effective review and challenge of credit risk being taken in Ally Lending; our unsecured consumer lending business line, including risks associated with the existing portfolio, loan originations, new product offerings, and changes in underwriting guidelines and credit risk policy.
Ally Lending's business is growing, with many initiatives that provide opportunities to combine strategic insights with an understanding of consumer trends and risk drivers.
Job Responsibilities
* Develop analysis/tools to track business growth to better understand the drivers and risks associated with that growth.
* Drive the development of new ways to identify and quantify risks to increase the effectiveness of Ally's risk appetite framework and key risk metrics.
* Provide senior management with clear insights into drivers of business risks and opportunities.
* Collaborate with the Ally Lending team to ensure timely and accurate credit risk reporting.
* Review risk data processes to ensure completeness, accuracy, and reliability.
* Ensure management and reporting needs and requests are met.
Qualifications
* BS/BA degree and 1+ years of experience in risk, quantitative analysis, or data analytics.
* Experience in SQL or SAS coding across relational environments (e.g., Oracle, MS SQL Server, etc.).
* Comfort level with ambiguity and ability to manage multiple assignments.
* Degree in a related field (e.g. Economics or Finance).
* Risk Management experience.
* Intermediate SAS or SQL programming.
* Intermediate to advanced Excel.
* Experience with Business Intelligence reporting tools such as PowerBI.
* Willingness to learn new coding languages.
Ally Overview
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.
Business Unit/Enterprise Function
Ally Risk function manages and analyzes our exposure to internal and external risk factors. The group strives to achieve an appropriate balance between risk and return, to limit unnecessary risk, and to protect the company's financial returns.
Total Rewards Information
Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. But Ally's total compensation -- or total rewards -- extends beyond your paycheck and is designed to support and enrich your personal and professional life, including:
* Time Away: competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
* Planning for the Future: benefits to help you plan for the near and long term including an industry-leading 401K retirement savings plan with matching and company contributions, student loan and 529 educational assistance programs, tuition reimbursement and other financial well-being programs.
* Supporting your Health & Well-being: flexible health and insurance options including dental and vision, pre-tax Health Savings Account with employer contributions and a total well-being program that helps you and family stay on track physically, socially, emotionally and financially.
* Building a Family: adoption, surrogacy and fertility support as well as benefits that help you take care of your family -- parental and caregiver leave, back-up child and adult/elder day care program and child-care discounts.
* Work-Life Integration: other benefits including LifeMatters Employee Assistance Program, subsidized and discounted Weight Watchers program and other employee discount programs.
Detroit, MI
Ally Financial Inc. provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans, other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also offers financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment provides consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers.
The Mortgage Finance Operations segment manages held-for-investment consumer mortgage finance loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings.
The Corporate Finance Operations segment offers senior secured leveraged cash flow and asset-based loans to middle market companies. It primarily focuses on businesses owned by private equity sponsors with loans used for leveraged buyouts, mergers and acquisitions, debt refinancing, restructurings, and working capital.
The company, through its subsidiary, Ally Bank, also provides commercial banking products and services. In addition, it offers digital securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is headquartered in Detroit, Michigan.