Job Description

Ally and Your Career

Ally Financial only succeeds when its people do - and thats more than some cliche people put on job postings. We live this stuff! We see our people as, well, people - with interests, families, friends, dreams and causes that are all important to them. Our focus is on the health and safety of our teammates as well as work-life balance and diversity and inclusion. From generous benefits to a variety of employee resource groups, we strive to build paths that encourage employees to stretch themselves professionally. We want to help you grow, develop, and learn new things. Youre constantly evolving, so shouldnt your opportunities be, too?

The Opportunity

The Compliance Manager for Mortgage will primarily be responsible for maintaining Ally's enterprise compliance program within the Direct-to-Consumer (DTC) origination channel by working with the Mortgage Line of Business to mitigate compliance risks associated with taking applications through the fulfillment aspects of the mortgage origination processes. The Compliance Manager will assist the line of business in understanding applicable regulations, work with the DTC leadership team, review exceptions presented for compliance approval and educate the business on regulatory requirements. The Compliance Manager is responsible for ensuring the DTC channel produces residential mortgage loans that have been originated in compliance with regulatory and legal requirements and do not unnecessarily expose the company to regulatory risk. Further, the Compliance Manager will partner with other Mortgage workstreams (Bulk and Servicing) to support the overall Mortgage Compliance Program, including work on other initiatives or projects directed by the Mortgage Compliance Program Senior Director.

The Work Itself

* Analyze line of business impact of new and changing mortgage lending compliance regulations including, but not limited to: Equal Credit Opportunity Act, Fair Credit Reporting Act, Fair Housing Act, Truth in Lending Act, RESPA, Flood Disaster Protection Act, Dodd-Frank, CRA, HMDA, Fair Lending, HOEPA, Predatory Lending, FACT Act, and UDAAP
* Provide guidance to the Mortgage DTC channel in all aspects of compliance, taking a consultative approach to the compliance process.
* Serve as a resource for regulatory matters and compliance related initiatives relating to mortgage origination, bulk and/or servicing.
* Maintain an effective compliance monitoring program, including periodic review and revision to existing procedures, scripts, and reporting.
* Represent the Compliance Department and the Bank demonstrating core values, support of Bank policies and practices, and encouraging a culture of compliance throughout the Bank.
* Provide regulatory training to Mortgage Business Line personnel.
* Maintain a sophisticated awareness of regulatory and legislative developments and industry trends.
* Support implementation of mortgage compliance program and vendor oversight program.
* Review and approve revisions to existing Business Line policies and procedures pertaining to compliance topics.
* Execute special or enhanced monitoring, as needed, for new, complex, or high-risk requirements or in response to certain weaknesses discovered through routine self-assessments, monitoring, testing, or auditing.
* Review data at both aggregate and transaction levels; work with the line of business to develop corrective action plans to mitigate compliance risk and reduce the potential for recurrence.
* Conduct training, as appropriate, to address identified weaknesses in knowledge of regulations, policies, or procedures.

The Skills You Bring

* 5-7 years Compliance and/or Mortgage Lending experience; financial services experience strongly preferred.
* Bachelors' degree in business or related major.
* Strong understanding of related laws and regulations.
* Extensive analytical and problem-solving skills and experience.
* Excellent oral and written communication skills.
* Strong organizational skills; ability to multi-task, prioritize and work in a fast-paced environment.
* Ability to work both independently and cooperatively on project teams (both inter- and intra-Compliance); prior experience in team leadership will be a plus.
* Strong proficiency in MS applications (Word, Excel, PowerPoint, Outlook).

How Well Have Your Back

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. But Allys 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: plan for the near and long term with 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 your family stay on track physically, socially, emotionally and financially.
* Building a Family: adoption, surrogacy, and fertility support as well as 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.

Who We Are

Ally Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit www.ally.com.

Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.

We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at work@ally.com. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.