Job Description

Position Description

Ally Financial Inc.'s Independent Risk Management (IRM) function is responsible for objective and critical assessment of risks and--through oversite, effective challenge, and other means--evaluation of whether Ally remains aligned with its risk appetite and risk limits. In this role, the Insurance Risk Analyst will be responsible for supporting implementation and execution of IRM processes and procedures for Ally Insurance Line of Business (Business Line). Additional key responsibilities will focus on monitoring, testing, reporting, and escalating insurance risk. The IRM Enterprise Insurance Risk Analyst candidate is responsible for assisting the development and execution of IRM Insurance Risk testing and monitoring processes. The individual will interact predominantly with the Ally Insurance Business Line and various enterprise functions.

Job Responsibilities

* Engage directly with Business Line to understand business offerings, processes and procedures; work effectively with Business Line associates while maintaining independence necessary to fulfill IRM's review and effective challenge responsibilities
* Build out control identification, monitoring, and testing routines
* Assist with identification of risks and develop strategy for sufficient mitigants and controls
* Maintain an understanding of Ally's testing and monitoring approach, methodology and tools/technology
* Support creation and implementation of Enterprise Insurance Risk Policy, and any related standards, procedures, or committee charters
* Monitor and drive Business Line adherence to enterprise policies and provide independent review and challenge of Business Line policies, standards, and procedures
* Escalate and report insurance risk concerns as necessary
* Coordinate the preparation and distribution of insurance risk limits, metrics, and reports to support IRM's monthly Risk Appetite Framework responsibilities
* Support development and refinement of insurance risk reporting and analytics routines to ensure Ally's insurance risk profile and performance are regularly monitored and emerging trends are appropriately escalated to management

Qualifications

* Bachelors (or higher) degree in Accounting, Finance, Business Administration, Economics, or other related field of study
* Industry certification preferred (CPCU, ARM, etc.)
* Ability to interact with a variety of internal and external people in a professional manner that creates confidence in his/her knowledge and abilities and helps foster mutually satisfactory resolution to risk gaps and issues
* Ability to make recommendations to maximize efficiency and effectiveness
* Knowledge of and experience with developing and implementing risk management related processes
* Familiarity with risk and control concepts
* Excellent analytical and organizational ability
* Ability to multi-task and adapt to a changing and developing environment
* Proficiency in MS Office applications, including Outlook, Word, Excel and PowerPoint
* Strong data analytics experience and background; preference for experience with analytical tools including SQL, SAS, and Power BI (DAX)

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.