General information
Ref # 16310
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
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As part of the Commercial Auto Risk Analytics team, this role is responsible for the development, maintenance, and ongoing performance monitoring of models that support underwriting, portfolio management and credit loss forecasting for Ally's Auto Commercial Lending Operations. These models enable the business to manage and quantify credit risk in the portfolio. Candidates are expected to have advanced data analysis, programming, and quantitative skills. Ideal candidates can translate high level business needs into quantitative solutions with minimal guidance and are able to collaborate, influence and partner with stakeholders in a way that supports Ally's LEAD culture.
The Work Itself
- Hands-on development and ownership of statistical models used to underwrite, manage and quantify credit risk associated with automotive dealerships in Ally's Auto Commercial Lending portfolio
- Partner with cross functional stakeholders to understand needs and opportunities
- Partner with data and business SMEs to ensure data availability and quality
- Extract and manage data (both unstructured and structured) for model development and ongoing performance monitoring from internal and external sources
- Author and maintain model documentation in compliance with Model Risk Management standards
- Maintain, redevelop and support existing models in production, as needed
- Conduct ongoing model performance routines; develop and implement plans with key stakeholders to address performance as needed
- Serve as point of contact in addressing audit, regulator, model risk, and other governance requests and deliverables
- Provide regular updates to leadership and stakeholders regarding existing model efficacy or model development efforts
The Skills You Bring
- Master's degree in mathematics, statistics, quantitative economics, actuarial sciences, data science or similar analytical field
- 5+ years of quantitative analysis experience in financial services or another regulated environment; experience with credit risk management or commercial lending a plus
- Advanced skill in Exploratory Data Analysis
- Advanced knowledge of and skill with statistics
- Advanced skill in programming in Python, R, or SAS
- Experience with developing, owning, and managing performance of models throughout their lifecycle
- Exceptional analytical and problem-solving skills
- Ability to translate business concepts into statistical frameworks
- Outstanding attention to detail, time management and organizational skills
- Strong written and verbal communication skills; able to communicate effectively with technical and non-technical teams
- Ability to prioritize workload and balance multiple initiatives and efforts
- Able to collaborate, influence and partner with business stakeholders in a way that supports Ally's LEAD culture
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.
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:
An individual's position in the range is determined by 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.
Emerging: 110,000
Experienced: 145,000
Expert: 180,000
Incentive Compensation: This position is eligible to participate in our annual incentive plan
