Ally Bank Risk Finance
We are Ally Financial
A company with a new approach and a rich history; o
ne that values openness, accountability and honesty.
Our company dates back to 1919 and is built on the strong foundation of GMAC Financial Services. Our associates and customers are at the heart of everything we do.
We serve more than 15 million customers worldwide and have financed more than 150 million cars/ trucks
Ally Financial is ranked the No.1 automotive finance company
Money Magazine rated Ally Bank as the Best Online Bank Package
Ally Financial consistently ranked within Fortune 500 Companies
Ally Financial strives to build a World Class culture that engages a diverse and vibrant team of professionals. We seek employees who are motivated for success with processes aligned to promote inner-mobility, career growth and leadership development.
Ally Financial remains committed to offering a compelling employment proposition that enables us to expand our dynamic team.
Put your career on a path with a company that’s taking the financial services industry in a new direction and apply today! Visit
to learn more.
This role works with senior Risk and Finance leaders to assess the Allowance for Loans, Leases, and Losses (ALLL) for Ally’s Mortgage and Commercial Finance (CFG) businesses. Analysis of the ALLL includes current and projected loss trends, asset quality, macroeconomic factors, and other key business drivers.
Major duties and responsibilities
Review the quarterly ALLL adequacy for each business segment and its individual lines of business
Evaluate key drivers of changes in the reserve level
Ensure consistent view of ALLL/Provision
Determine whether policies and procedures and the documentation surrounding the reserves are in compliance with GAAP and applicable regulatory guidance
Maintain robust documentation (auditable, supportable), including results of judgmental actions (including quarterly memos with trended information and changes in direction of risk)
Support the Ally Bank and Ally Financial ACL Committee meeting with Mortgage and CFG related documentation and analysis – including specific portfolio detail
Responsible for financial disclosures (10-Q/K) related to ALLL, Provision and R&W
Manage relationships with Internal Audit, Loan Review, SOX Compliance, External Audit and Regulators
Utilize global SAP environment to provide common, consistent data
Experience and Skill Requirements:
5-8 years of experience
Previous finance work experience in Banking or Financial Services preferred
Strong analytical and problem solving skills
Strong core finance skills, including understanding of accounting
College degree (Finance or Accounting) required
Advanced MS Excel and MS Power point skills required
Ability to organize data, perform independent analysis and prepare management presentations
Ability to influence others and work effectively in a cross-functional matrix environment
Experience and comfort with direct communication to senior/executive level leadership
Working at Ally is Rewarding!
Ally's compensation program offers market-competitive base pay and above-market bonus pay potential based on achieving personal and company goals. Plus, we have a flexible paid-time-off program and emphasis on work-life balance.
Ally Offers Competitive Benefits:
401K Matching and Company Contributions
Paid Time Off (Roll-over up to 50%)
Variable Pay (bonuses)
Comprehensive Health Insurance Coverage
Vendor Partnership Discount Program
Charitable Gift Contribution Matching
Accounting / Finance
United States-North Carolina-CHARLOTTE
GF Deposits - 2001940059
Feb 24, 2012, 9:20:17 AM
Ally Financial - 2 years ago
“Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive...