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General information

**Ref #** 19617

**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

This role is on a hybrid schedule and must be willing to work out of our Detroit, MI office a few days a week with some remote days.

At this time, Ally will not sponsor a new applicant for employment authorization for this position.

Ally Financial Inc.'s Independent Risk Management function is responsible for objective and critical assessment of risks and through oversite, effective challenge, and other means evaluation of whether Ally remained aligned with its risk appetite and risk limits. In this role, the Insurance Risk Analyst II will be responsible for supporting documentation and execution of Independent Risk Management processes and procedures for Ally Insurance Line of Business (Business Line). Additional key responsibilities will focus on governance, monitoring, testing, reporting, and advancing insurance risk. The Insurance Risk Analyst II is responsible for assisting the development and execution of IRM Insurance Risk testing and monitoring processes. The individual will interact predominantly with the Ally Insurance Business Line and various enterprise functions.

The Work Itself

Risk Assessment and Analysis

* Engage directly with Business Line to understand business offerings, processes and procedures; work effectively with Business Line associates while maintaining independence necessary to fulfill IRM's review and effective challenge responsibilities

* Assist with identification of risks and develop strategy for sufficient mitigants and controls

* Analyze data trends to detect irregularities in underwriting, claims, premium calcs, etc.

Process and Control Improvements

* Maintain an understanding of Ally’s monitoring and testing approach, methodology and tools/technology

* Test the design and effectiveness of internal controls and recommend enhancements

* Identify opportunities to streamline monitoring processes through automation/PBI

* Support initiatives to strengthen risk management frameworks

Issue Reporting and Resolution

* Collaborate with stakeholders to resolve issues and implement corrective actions

* Validate issues to ensure the action plan effectively addresses the problem and provides a stable, long-term solution for remediation

* Track reported tasks until resolution

Reporting and Documentation

* Documenting findings from tests and monitor activities in a clear and concise manner

* Develop detailed reports for internal stakeholders

* Provide recommendations for process improvements and/or procedural enhancements based on tests and findings

Governance

* Monitor and drive Business Line adherence to enterprise policies and provide independent review and challenge of Business Line policies, standards and procedures

* Support creation and implementation of Enterprise Insurance Risk Policy, and related standards, procedures, or committee charters

The Skills You Bring

* 1+ years of experience required. 1 year within the financial services and/or insurance industries preferred.

* Bachelors (or higher) degree in Accounting, Finance, Business Administration, Economics, or other related field of study

* Ability to interact with a variety of internal and external people in a professional manner that creates confidence in his/her knowledge and abilities and helps foster mutually satisfactory resolution to risk gaps and issues

* Industry certification preferred (CPCU, ARM, etc.)

* Experience performing testing and/or monitoring activities preferred

* GRC - Tool Familiarity preferred

* Knowledge of and experience with developing and implementing risk management related processes preferred

* Ability to make recommendations to maximize efficiency and effectiveness

* Familiarity with risk and control concepts

* Excellent analytical and organizational ability

* Ability to multi-task and adapt to a changing and developing environment

* Proficiency in MS Office applications, including Outlook, Word, Excel and PowerPoint

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.

Where permitted by applicable law, must have received or be willing to receive the COVID-19 vaccine by date of hire to be considered, if not currently employed by Ally.

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:** 55000

**Experienced:** 75000

**Expert:** 95000

Incentive Compensation: This position is eligible to participate in our annual incentive plan