Mortgage Credit Risk Director
Ally Financial - Charlotte, NC

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Charlotte

, NC or Fort Washington, PA

We are Ally Financial

A company with a new approach and a rich history; one 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 for 2011
  • 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

www.ally.com

to learn more.

Mortgage Credit Risk Director



Charlotte

, NC or Fort Washington, PA

Position Description:
Ally Financial's Risk function manages and analyzes Ally’s exposure to internal and external risk factors. The function strives to achieve an appropriate balance between risk and return, to limit unnecessary risk, and to protect the company’s financial returns.

The Risk Director will lead the team responsible for managing various credit risk-related functions associated with the Ally Bank HFI portfolio. In addition, this individual will participate in certain valuation and analytic functions for the Ally Bank MSR portfolio.

Principal Accountabilities:
·

Responsible for HFI Portfolio allowance for loan loss calculation and governance materials using proprietary models and supporting tool sets

·

Basel

II-related leadership for the HFI portfolio loss modeling

·

CCAR Stress Testing

·

Regulatory requests (recurring and ad-hoc)

·

Benchmarking (internal versus external) of the Ally Bank MSR asset

·

WestPat model production (development efforts are owned by a peer team)

·

MSR asset valuation and prepayment analysis

·

Support existing database tools to gather, manage and maintain risk data and metrics

·

Collaborate with internal customers and business partners to identify, prioritize, and implement improvements to the existing data collection, analysis and related tool sets

·

Participate in creation of product and channel analysis with the line of business, finance, capital markets and other areas of the company

Qualifications

Minimum Requirements:
Education

·

Bachelors degree or higher

Work Experience

·

Experience with building / maintaining relationships with multiple business partners

·

Background in diversified financial services company is desirable

·

Risk Management, Finance, Economic, or Capital Markets experience a plus

·

Mortgage line of business and/or Risk Management (within the mortgage space) experience a requirement

·

8+ years of mortgage related work including high-level analysis and project management experience

·

MBA, PhD or CPA is a plus

·

Ability to analyze large quantities of data

·

Ability to manage large and diverse projects and provide documentation for internal governance / audit groups

Technical Competencies

·

Intermediate to advanced level of SAS programming a plus but not required

·

SQL or relational database experience a plus but not required

·

Strong Excel and PowerPoint presentation skills

·

Quantitative analysis experience a plus

·

Strong verbal communication skills, including regular presentations to senior management, regulators, auditors, etc.

Personal Competencies

·

Strong work ethic, persistence and determination in problem solving

·

Openness / desire to learn and implement new tools

·

Must be self-motivated

·

Ability to work in a team and fast paced changing environment

·

Effective written and verbal communication skills

·

Effective presentation skills and the ability to explain complex concepts to non-technical clients

Physical Requirements

·

Must be able to perform accountabilities with or without reasonable accommodation

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)
  • Tuition Reimbursement
  • Comprehensive Health Insurance Coverage
  • Vendor Partnership Discount Program
  • Charitable Gift Contribution Matching
  • Adoption Assistance
Ally is an equal opportunity employer in that our policy, in accordance with federal & state laws, prohibits employment discrimination solely on the basis of a person's race, color, creed, sexual orientation, sex, marital status, or disability except where a reasonable, bona fide occupational qualification exists.

Job

Risk / Credit Risk

Primary Location

United States-North Carolina-CHARLOTTE

Other Locations

United States-Pennsylvania-FORT WASHINGTON

Organization

Risk - 5001011726

Schedule

Full-time

Job Posting

Oct 10, 2012, 9:30:55 AM

Ally Financial - 19 months ago - save job - block
About this company
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“Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive...