General information Career area Risk Work Location(s) 601 S. Tryon Street, NC Remote? No Ref # 18000 Posted Date Friday, August 2, 2024 Working time Full time Ally and Your Career 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?
Work Schedule: Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. Hybrid roles are generally expected to be in the office a certain number of days per week as indicated by your manager. Your hiring manager will discuss this role's specific work requirements with you during the hiring process. All work requirements are subject to change at any time based on leader discretion and/or business need. 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 assumptionsServe 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 teamsSupport the stress test execution cycle including the coordination of calendars and deliverable requirements with business partnersWork with Ally Economics and other key stakeholders to design, review, and distribute stress scenariosWork with business line loss forecasting and allowance-setting teams to understand and review processes, assumptions, models and projectionsDevelop Board of Director and senior management reporting materials and key documentationDevelop and coordinate the development of documentation for regulatory submissions and reviewsMonitor the regulatory environment for changes that may impact assigned areas of responsibilityEstablish and maintain relationships with key business partners across Ally to ensure appropriate coordination on various STSA-related activitiesManage key stress scenario financial consolidation and FR Y-14A (regulatory data submission template) reporting processesAd hoc projects as needed.Contribute positively to Ally’s LEAD values and leading cultureMaintenance 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

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Our Total Rewards program includes industry-leading compensation and benefits plus additional incentives that are designed to meet your needs and those of your family so you can get the most out of your career and your life, including:

Time Away: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date) 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 pay downs and 529 educational save up assistance programs, tuition reimbursement, employee stock purchase plan, and financial learning center and financial coach access.Supporting your Health & Well-being: flexible health and insurance options including medical, dental and vision, employee, spouse and child life insurance, short- and long-term disability, pre-tax Health Savings Account with employer contributions, Healthcare FSA, critical illness, accident & hospital indemnity insurance, 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 assistance as well as paid parental and caregiver leave, Dependent Day Care FSA back-up child and adult/elder care days and childcare discounts.Work-Life Integration: other benefits including Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.Other compensations: depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus and/or equity.To view more detailed information about Ally’s Total Rewards, please visit this link: https://www.ally.com/content/dam/pdf/corporate/ally-total-rewards-snapshot.pdf 

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.

Base Pay Range: $85000 - $150000 USDAn individual's position in the range is determined by the specific role, the scope and responsibilities of the role, work experience, education, certification(s), training, and additional qualifications. We review internal pay, the competitive market, and business environment prior to extending an offer.  Incentive Compensation: This position is eligible to participate in our annual incentive plan.