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General information

Career area
Risk
Work Location(s)
601 S. Tryon Street, Charlotte, NC
Remote?
No
Ref #
12650
Posted Date
Wednesday, May 18, 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? #LI-JP1

The Opportunity

The Manager – Model Governance QC and Validation Support is responsible for driving accuracy and consistency of Ally’s model validation activities. This includes managing and executing Quality Control (QC) reviews of validation reports and ensuring that validation activities are appropriately documented according to Model Risk Management (MRM) Standards

The Work Itself

  • Manage and execute the QC process to support the Model Validation team through workpaper reviews, documentation archiving and scheduled tollgates
  • Review model validation and annual review reports, and draft validation issues to ensure consistency, clarity, and adherence to MRM Standards and report templates
  • Manage the annual validation plan and provide periodic reporting on progress towards plan completion; modify plan throughout the year based on inventory changes
  • Conduct pre-validation model development documentation reviews, identify critical gaps relative to MRM documentation guidelines, and provide feedback to model developers
  • Partner with the Model Risk Project Management team to monitor model development activities
  • Represent MRM interests in special project teams as needed
  • Support the Model Governance team's efforts to communicate MRM standards to the modeling community
  • Develop and maintain effective partnerships with MRM framework participants and stakeholders
  • Drive individual development of team members
  • Represent MRM interests in special project teams as needed

The Skills You Bring

  • Bachelor's degree in finance, economics, statistics or related field required, advanced degree preferred
  • 3 - 5 years in financial services industry; risk management experience highly desired
  • Thorough understanding of FRB SR 11-7: Supervisory Guidance on Model Risk Management
  • Foundational knowledge of statistics and modeling techniques (nice to have)
  • Strong technical writing skills and the ability to collaborate and communicate effectively with model validation staff
  • An understanding of database concepts (e.g., architecture and modeling) and experience handling large data sets and relational databases
  • Demonstrated analytical approach to providing complex process solutions
  • Advanced knowledge of Microsoft Office Excel, Word, and Access. Knowledge of VBA, SQL, or Python preferred
  • Ability to communicate and collaborate with internal and external MRM partners
  • People management experience is highly preferred

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.