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Risk Manager - Reporting and Analytics
Ally
Detroit, MI, United States
Job Details - this job has expired, please see similar jobs below
Ally Requisition #
18-6206
Job Description
Position Description
As part of the Commercial Auto Risk team, the Risk Director is primarily responsible for driving and supporting loss forecast-related initiatives and activities for the Commercial Auto business line. The Risk Director is the lead resource for analyzing historical loss trends and for forecasting losses and related balance sheet items as part of the corporate business plan / forecast process, the quarterly allowance process, and corporate stress test exercises (e.g., CCAR and DFAST). The Risk Director partners with several teams across the organization to ensure deliverables are appropriately documented, reviewed, challenged, and communicated within agreed timelines. In addition, the Risk Director is responsible for keeping the Commercial Auto Expected Loss Framework under review and for providing support for model development, testing and implementation. This position requires a strong understanding of Ally's core systems, functionalities and data flows as well as a sound background in financial analysis.
Job Responsibilities
• Understand and analyze changes in the balance sheet composition and key credit performance trends
• Partner with business leaders to develop / review key loss forecasting assumptions
• Forecast credit losses and related balance sheet items for the corporate allowance, financial planning, and stress testing processes
• Ensure that loss forecasts for the various purposes are appropriately reviewed and communicated and that processes and submission templates are aligned with FP&A, Risk Finance and IRM requirements.
• Prepare portfolio documentation and review and challenge materials for stress testing exercises
• Ensure reserves are reasonable and adequate by component and in total
• Track and analyze actual loss experience and variances to forecast
• Develop, maintain and implement a CECL-compliant expected loss framework
• Provide support for model development, testing and implementation
• Develop and maintain internal control frameworks for assigned areas of responsibilities
• Work with Audit teams (internal/external) to ensure sound system and business practices exist
• Provide analytic support and reports for regular and ad-hoc projects as needed by management
• Keep management informed of findings from analysis and of status of project plans
• Build effective working relationships across the organization
• Identify and act on opportunities to improve efficiency, consistency and quality of data and processes
• Ensure timely completion of projects and initiatives as assigned
Qualifications
• Bachelor's degree in business, finance, economics, math, statistics, or related field; master or CPA preferred
• 7+ years of relevant prior experience (financial analysis, management reporting, or forecasting)
• Experience working with large datasets, executing models, and analyzing results
• Strong proficiency with Microsoft Excel, Microsoft Access, Microsoft Visual Basic for Applications (VBA), Oracle, and SQL; experience with SAS is a plus
• Detail-oriented with strong analytical / problem solving skills
• Ability to manage multiple deliverables accurately and on time with minimal supervision
• Willingness and ability to continually improve processes and document procedures for producing deliverables
• High level of interpersonal skills to effectively collaborate with others
• Excellent written and verbal communication skills, including the ability to effectively present material
Ally Overview
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.
Business Unit/Enterprise Function Description
Ally Auto works directly with dealers nationwide to provide one of the most comprehensive suites of auto financing products and services in the industry. Ally offers new and used vehicle inventory financing, consumer financing, leasing, commercial loans and vehicle remarketing services. As a full-service provider, Ally understands dealer needs and is committed to helping them maximize sales and profitability. With nearly 100 years of industry experience, our employees' expertise allows us to provide our customers with the highest level of service, providing value that helps dealers build brands, better serve customers and stay ahead of the competition. Ally is also a full spectrum auto servicing organization that includes value streams from customer care to remarketing, and many support areas. It is a fast-paced, challenging and collaborative working environment. Our employees are focused on consistently delivering a superior customer experience.
Total Rewards
Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Plus, we have a flexible paid-time-off program including time off for volunteer opportunities. Ally's Total Rewards Program is designed to enrich your life at work -- and outside of it and includes:
• Industry-leading 401K retirement savings plan with matching and company contributions
• Wellness program encouraging healthy living with financial rewards
• Flexible health insurance options including dental and vision
• Pre-tax Health Savings Account with generous employer contributions
• Pre-tax commuter benefits
• Other work-life integration benefits including parental and caregiver leave, adoption assistance, backup child and adult/elder day care program, child care discounts, tuition reimbursement, LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs
Ally is an Equal Opportunity Employer
We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's 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.
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