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General information

Career area
Compliance
Country
United States
Work Location(s)
12808 Gran Bay Parkway West, Jacksonville, FL, 17500 Chenal Parkway, Little Rock, AR, 500 Woodward Avenue, Detroit, MI, 601 S. Tryon Street, Charlotte, NC, 801 Pennsylvania Avenue, Washington, DC
State
North Carolina
City
Charlotte
Remote?
No
Ref #
11241
Posted Date
Wednesday, February 23, 2022
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?

The Opportunity

The Compliance Analyst III will support in the development, implementation and maintenance of the Compliance Testing Plan that includes testing and reporting in accordance with regulatory expectations.  This position will focus on testing for the Auto business line but may also include Remarketing, Insurance and Corporate Finance. This position will require analysis of moderate to complex regulations, business processes, procedures, and controls for execution of testing techniques as assigned.

The Work Itself

  • Responsible for the well-constructed draft of test scripts and test methodology in support of test procedures and regulatory requirements applicable to the business line requiring minimal material revisions.
  • Executes predefined testing techniques to a sample of data, controls, events or transactions and captures results for communication to interested parties (compliance, line of business, auditors, examiners).
  • Partner with compliance staff to identify business line compliance controls, develop a corresponding test plan and lead with support the execution of testing compliance controls with a test of design and test of effectiveness.
  • Lead discussions with support partners and business unit management to communicate the compliance testing scope, objective, exceptions/issues and associated regulatory risk identified.
  • Prepare test workpapers, prepare report and if applicable, the Issue Rating Matrix and Compliance Corrective Action Form with minimal material revisions.
  • Upload test workpaper, supporting documentation and final report as required and update all appropriate reporting systems.
  • Participate in timely responses to regulatory exams and internal audits.  Leads with support process/testing routines with Audit.
  • Propose Compliance related data execution needs for testing, as applicable with minimal support.
  • Draft Compliance related management reports from testing, as applicable with minimal support.
  • Demonstrates strong foundation of Consumer Laws Rules and Regulations, and keeps abreast of relevant changes in laws, rules or regulations that impact the financial services industry.
  • Train / mentor compliance staff in areas of subject matter expertise. 

The Skills You Bring

  • Successful candidates must demonstrate solid written and verbal communication skills, strong analytical and critical thinking skills, and a desire to perform in a dynamic and ever-changing environment.
  • 3-5  years of compliance or auditing / testing experience including documenting test results and workpapers and communicating test results. 
  • 3-5 years of Compliance experience, with emphasis on consumer regulations including a working knowledge of applicable law and regulatory requirements.
  • Ability to interpret and understand laws and regulations, research and identify requirements and related controls and assist in developing transaction test scripts.
  • Ability to learn new processes, systems, and controls quickly with minimal training, adding value quickly.
  • Strong Microsoft Office skills including Excel, Word, PowerPoint, and Outlook.
  • Ability to work both independently and cooperatively in a team environment.
  • Bachelors’ degree in business or a related major preferred.
  • Must be willing to travel on a limited basis.

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. 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 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.