General information

Ref # 18000

Remote? No

Ally and Your Career

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Ally Financial only succeeds when its people do - and that’s more than some cliché 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. You’re constantly evolving, so shouldn’t your opportunities be, too?

The Opportunity

Must be in Charlotte location (2 openings available). On a hybrid schedule, in office weekly with some remote days.

Ally’s Market and Liquidity Risk Management (MLRM) function helps to create, preserve, and realize long-term value for the Company that is commensurate with accepted risks and consistent with principles of safety and soundness and honest and fair dealing. The MLRM function provides independent, enterprise-wide oversight and effective challenge for Interest Rate, Investment, Liquidity, Counterparty Credit, and Vehicle Residual Value Risks. Team primarily oversees and challenges aspects of the Corporate Treasury, CFO Group, Auto Finance, and Insurance BLs and collaborates with other IRM teams to create effective and efficient ris management. Additionally, MRLM provides enterprise stress testing activities in support of Ally's Capital Plan as well as other periodic stress tests that inform strategic decision-making.

The Stress Testing and Scenario Analysis (STSA) team, a part of the MLRM function, implements and maintains the enterprise stress testing programs that provide a periodic, forward-looking, robust, and repeatable process to evaluate the impact of stress scenarios on Ally’s risk, financial, capital, and liquidity positions. These programs include stress assessments in support of Ally’s annual Capital Plan which is submitted to the Federal Reserve Board. In addition, the STSA team leads the annual horizontal capital exam with the regulators. The STSA team also provides ad hoc support for various projects throughout the Company, which have previously included supporting corporate forecasting efforts, cross-functional projects, and strategic transactions.

The Work Itself

• Perform and coordinate reviews of business line stress scenario financial projections to ensure alignment with stress scenario assumptions
• Serve as liaison for STSA to other business partners including enterprise and business line financial planning and analysis (FP&A) teams and enterprise treasury teams, in particular balance sheet management and capital management teams
• Support the stress test execution cycle including the coordination of calendars and deliverable requirements with business partners
• Work with Ally Economics and other key stakeholders to design, review, and distribute stress scenarios
• Work with business line loss forecasting and allowance-setting teams to understand and review processes, assumptions, models and projections
• Develop Board of Director and senior management reporting materials and key documentation
• Develop and coordinate the development of documentation for regulatory submissions and reviews
• Monitor the regulatory environment for changes that may impact assigned areas of responsibility
• Establish and maintain relationships with key business partners across Ally to ensure appropriate coordination on various STSA-related activities
• Manage key stress scenario financial consolidation and FR Y-14A (regulatory data submission template) reporting processes
• Ad hoc projects as needed.
• Contribute positively to Ally’s LEAD values and leading culture
• Maintenance of OneStream financial forecasting system

The Skills You Bring

• 3+ Years experience required

• Bachelor's degree required, MBA recommended.

• Financial modeling or forecasting experience within banking or financial institution required

• Advanced knowledge MS Excel, PowerPoint and the suite of MS Office programs.
• Familiarity with OneStream financial forecasting software preferred
• Strong analytical skills, statistical modeling preferred.
• High level of interpersonal skills to work effectively with others.
• Strong oral and written communication skills.
• Strong project management skills.
• Highly motivated and self-directed.
• Ability to handle multiple projects and demands simultaneously.

How We'll Have Your Back

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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: 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 childcare 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.

Where permitted by applicable law, must have received or be willing to receive the COVID-19 vaccine by date of hire to be considered, if not currently employed by Ally.

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.

Base Pay Range:

Emerging: 85000

Experienced: 117500

Expert: 150000

Incentive Compensation: This position is eligible to participate in our annual incentive plan