The OpportunityThe Analyst II will work in Ally's Model Risk Management function, under the direction of the Model Validation Director responsible for Analytical Tool and Qualitative Methodology Validation. The analyst is responsible for delivering accurate, timely and relevant validation reports and analysis for tools that support regulatory reporting, stress testing, forecasting, pricing and valuation efforts in the Ally Business Lines.
The Work Itself- Review spreadsheets, code, dashboards, and data for computational efficacy, conceptual soundness, and control environment effectiveness.
- Produce high-quality validation reports that are clear, concise, factually accurate, and interpretable, providing actionable insights that support informed business decisions and broader organizational objectives.
- Build repeatable and auditable processes that support the generation of reports and analysis.
- Answer ad hoc validation analysis requests from Model Governance and other internal 2nd LOD partners.
- Work collaboratively with Line of Business, Risk and other matrix teams to identify opportunities for improving Model Risk Management analysis, processes, reporting and monitoring.
- Support the Model Validation Director in strategic initiatives and ad hoc efforts.
- Consistently push for reporting efficiency gains through use of technology driven automation and well-designed and documented processes.
The Qualifications We're Looking For- 2+ years' experience in banking or financial services preferred.
- Bachelor's degree required; Master's degree preferred.
- Experience in a risk or line of business function preferred.
- Advanced knowledge of Microsoft Office Excel, Word and SQL required.
- Knowledge of Python or R preferred.
- Excellent analytical and reasoning skills with the ability to develop and execute tests based in mathematical concepts.
- Excellent written and verbal communication skills required.
- Excellent technical writing skills required.
- Ability to think thoroughly within end to end processes to see downstream and upstream impacts.
- Excellent interpersonal skills to work effectively with diverse teams located in various areas.
Minimum Qualifications- 1+ years of experience
- High school Diploma or GED equivalent
How We'll Have Your BackAlly'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: Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).
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
Base Pay Range$65,000.00 - $115,000.00
An 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.
