General information

　　Ref # 16913

　　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

　　This role is Hybrid - In Office & Partially Work from Home.

　　The Principal role will work in Ally’s enterprise Model Risk Management function under the direction of the Model Risk Director responsible for End-User Computing analytical tool Validation (e.g., Python, SQL, R, SAS, Excel, Power BI). These tools support critical functions such as external regulatory reporting, business forecasting, risk appetite, pricing, valuation, capital, liquidity, stress testing, strategic decision making. Also, this role will significantly contribute to performing the Model Ongoing Performance Monitoring analyses in conjunction with the Model Validation Group and Model Governance. The Principal is responsible for delivering accurate, timely, and relevant validation/testing reports, issue identification/remediation efforts, providing feedback to the Business Lines to ensure best practices and subject matter expertise to the internal Model Risk Management team.

　　The Work Itself

　　Perform Validation/testing on analytical tools in the CFO, Auto Finance, and Commercial & Consumer Banking Products areas of the Bank. Validations will consist of control, functional, & conceptual soundness testing, report writing, verbal & written communications, and potential issue identification & remediation.Internal coaching and providing feedback on other validation analysts’ testing to ensure integrity and effectiveness of team member’s reports.Contribute to the internal Issue Management QA processPartner with other IRM departments on validation activities and sourcing of issuesPerform issue validation and closure activities for issues sourced by the QAT Validation team, execute follow ups with the Business Line as issues approach their closure date.Presenting and/or creating presentation materials for Model Risk Committee and forumsPerform Model Ongoing Performance Monitoring (OPM) analysis as directed by Model Risk leadership while partnering with Model Validation Group.The Skills You Bring

　　5+ years in Model Risk Management, Model Risk consulting, Model audit or a similar quantitative function / independent review and challenge function (e.g., SOX Financial Controls, Credit Risk, Market Risk, Insurance Risk, Liquidity Risk, CCAR/DFAST, Scenario Analysis)Masters in a quantitative-based subject with a focus on relevant areas such as: Finance, Economics, Statistics, Analytics or similar work experienceStrong experience with reading, writing and reviewing technical documents. Preferred: analytical and/or model whitepapersPreferred experience in developing, testing, creating challenger tools/models, and effectively challenging unique toolsPreferred experience in performing Model Ongoing Performance Monitoring reviewExperience with reviewing others’ written work and performing QA analysisPrior team lead, project lead, or team coaching experienceExcellent and demonstratable ability to collaborate, communicate (verbal & written), and collaborate with the Business Line partners to meet enterprise expectations and ensure that the Business Line understands requirements set forth in the StandardHow 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 [email protected]. 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: 110000

　　Experienced: 145000

　　Expert: 180000

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