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Ally Financial Careers

General information

Career area
Compliance
City
Sandy, UT
Work Location(s)
UT, UT
Remote?
Yes
Ref #
21854
Posted Date
03-10-26
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

Ally’s Community Reinvestment Act (CRA) team is a highly specialized group within the Bank dedicated to positively impacting communities across our assessment area through CRA-qualifying loans, investments, and services. All FDIC-insured banks are required to comply with the CRA. However, at Ally CRA is not just a regulatory requirement; rather, it is a passion shared by the CRA team in managing a $5+ billion portfolio of loans and investments that finance affordable housing, community services, economic development, and neighborhood revitalization.

The Manager - CRA Investments will report to the Senior Director/Director – CRA Investments and assist in managing and monitoring the CRA Investment portfolio, including the underwriting of new investments into small business investment companies (SBICs), community development venture capital (CDVC) funds, and affordable housing and preservation funds

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

The Work Itself

  • Participate in the due diligence, underwriting and closing of various types of Community Development (CD) equity investments by:
    • performing research, economic and financial analysis
    • drafting internal investment memos and participating in the internal investment approval process
    • negotiating legal agreements
    • administrative closing of transactions
  • Perform ongoing portfolio management and monitoring tasks, including the following:
    • managing and reviewing fund reporting documents and monitoring data
    • working with internal stakeholders and external fund managers on regular basis
    • reviewing CRA qualification criteria relevant to each transaction
    • staying up to date on relevant industry and market trends
    • sending and receiving capital to/from investment counterparties (capital calls/distributions)
  • Curiously seek areas of improvement and develop efficient ways to reconfigure current processes
  • Participate in Ally Bank’s community outreach programs, including volunteer and leadership opportunities with non-profit organizations, to contribute to the Bank’s CD service hour requirements
  • Support and prepare materials related to internal meetings, CRA activities, etc.
  • Engage with and represent Ally Bank at industry and trade association groups, requiring occasional travel
  • Assist with any other task as requested by the Senior Director/Director – CRA Investments or CRA Office

The Skills You Bring

Minimum Qualifications:
  • 7+ years of relevant experience or equivalent combination of education and experience​
  • High School Diploma or GED equivalent
Preferred Qualifications: 
  • 5+ years of banking, investment, risk, compliance, general underwriting or CRA experience
  • Strong sense of community and desire to be part of a giving-back culture
  • Strong organizational skills and ability to follow through, and keen attention to detail
  • Thorough investigative and problem-solving skills and meticulous record keeping skills
  • Ability to work both independently and cooperatively on project teams
  • Intermediate proficiency in Excel and other MS Office software
  • SharePoint / MS Teams experience 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. 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: Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).
  • 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 hrpolicy@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: $90000 - $150000 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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