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Ally Financial Careers

General information

Career area
Compliance
Work Location(s)
601 S. Tryon Street, NC
City
Charlotte, NC
Remote?
No
Ref #
18605
Posted Date
Thursday, October 10, 2024
Working time
Full time

Ally and Your Career

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?

Work Schedule: Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. Hybrid roles are generally expected to be in the office a certain number of days per week as indicated by your manager. Your hiring manager will discuss this role's specific work requirements with you during the hiring process. All work requirements are subject to change at any time based on leader discretion and/or business need.

The Opportunity

The position is a supporting role in Ally’s Financial Crimes Compliance organization, providing tactical execution and compliance leadership for critical AML functions including customer risk scoring, and various AML monitoring, modeling, and machine learning capabilities across the Ally Enterprise and Business Lines.

The Data Science Manager of AML Monitoring will be working with senior leaders, AML Investigations, and Enhanced Due Diligence, to manage efficient and effective models and routines to identify AML risk. This is a management role that requires financial crimes knowledge and technical acumen as well as the ability to simplify concepts for cross functional teams.

Partner with the Enterprise Sanctions, AML Investigations, Enhanced Due Diligence, the AML Program Management team, Enterprise Technology and lines of business in ensuring that the day-to-day operations are conducted in compliance with regulatory and legal requirements, in addition to company policies and procedures.

 #LI-Hybrid

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

The Work Itself

  • Manage a team comprised of Data Scientist professionals to support multiple transactional and/or behavioral models to detect potential AML suspicious activity and identify customers that may pose AML risk.
  • Supervise and maintain AML Customer Risk Scoring model including tuning initiatives and data analysis
  • Represents the customer monitoring function as primary contact with Model Risk Management partners
  • Foster innovation by bringing to bear groundbreaking technologies and concepts when applicable (such as Machine Learning)
  • Manage a team to assess the quality of the data for model development as well as inputs to models and performs statistical analysis of transactional data
  • Provide analytical detail and narrative of findings to leadership
  • Analyze the effectiveness of automated monitoring methods and provide recommendations for improvement based on identified risk and control gaps
  • Facilitate preparation of model documentation to support the model development/validation process.
  • Stay updated on money laundering and terrorist financing issues, including policies, procedures, regulations, standard methodology, criminal typologies, and emerging trends.
  • Ensures day-to-day operations are conducted in compliance with regulatory and legal requirements and the organization's policy
  • Perform risk management to minimize risks
  • Promote teamwork and collaboration to consistently deliver to the standards required.
  • Understanding of AML regulatory requirements, BSA, USA Patriot Act
  • Uses judgment, creativity and sound technical and analytical knowledge to develop and recommend solutions relating to company policies and standard practices
  • Builds vital documentation for regulatory agencies, internal audit, and testing teams
  • Collaborates with senior management to exchange information and reach consensus on regulatory and policy application and interpretation.

The Skills You Bring

  • Bachelors in Data Analytics, Data Science, Mathematics or a related major, or equivalent experience
  • 5+ years in banking/finance industry or data analytics
  • Proficient in Data Analytics and Data Modeling required. 
  • Proficient in tools such as SAS, SQL, Python, R required. 
  • 2+ years managing a team preferred
  • Knowledge of AML/OFAC compliance, surveillance methodologies and/or proprietary AML/OFAC monitoring systems preferred. 
  • Strong research skills, advanced skill in the use of Microsoft Outlook, Excel, PowerPoint, Word, Access, and experience with on-line research systems
  • Excellent oral and written communication skills
  • Ability to work well with others
  • Ability to prioritize workload and balance multiple duties
  • Possess independent analytical skills
  • Proficiency in excelling within a fast-paced work environment with time-sensitive deliverables.
  • Ability to lead others in achieving measurable objectives

How We'll Have Your Back

Ally'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: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date) 
  • 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
 

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.

 

We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at work@ally.com. 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: $110000 - $180000 USD
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.
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