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Ally Financial Careers

General information

Career area
Treasury
Work Location(s)
601 S. Tryon Street, NC
Remote?
No
Ref #
19229
Posted Date
02-03-25
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

Senior Quant Analyst will be responsible for developing and maintaining Balance Sheet Management (BSM) team's analytical tool, Quantitative Risk Management (QRM), to accomplish all the required tasks list below. Using statistical analysis and/or data mining techniques to perform analysis, develop financial models, and create reports that help Treasury Balance Sheet Management team manage Net Interest Income (NII) forecast, Interest Rate Risk (IRR) and Funds Transfer Pricing (FTP) processes. 

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

The Work Itself

  • Develop and maintaining Ally Treasury Balance Sheet Management (BSM) team's analytical tool, Quantitative Risk Management (QRM), to accomplish all the required tasks list below.
  • Using statistical analysis and/or data mining techniques to perform data analysis, develop financial models and create report that help Treasury Balance Sheet Management team managing Net Interest Income (NII) forecast, Interest Rate Risk (IRR) and Funds Transfer Pricing (FTP) processes.
  • Primary responsibility includes working with BSM forecast and risk teams to improve forecast and modeling accuracy within QRM.  In addition, supporting FTP team to drive enhancements to current FTP forecast process within QRM.
  • Ability to perform benchmark tests on model performances that are used in Ally Financial balance sheet management system such as asset prepayment, default/loss, deposit pricing and runoff model, as well as other financial models within QRM framework.
  • Ability to pull large data set from enterprise data bases and analyze data for model development, ad-hoc analysis, and monthly reporting.
  • Creatively using various types of tools to develop solution sets for balance sheet related tasks and scenarios.
  • Improve modeling process within QRM framework.  This includes, but not limit to, implementing models into QRM and establishing best practice modeling setup within QRM framework.
  • Perform QRM EVE benchmark and NII forecast backtesting exercise to improve modeling efficiency and accuracy.
  • Create strong partnerships with important constituencies such as business segment leadership, treasury personnel, accounting personnel and enterprise risk management personnel.

The Skills You Bring

  • Finance, Accounting, Economics, or Business four-year undergraduate degree required
  • 3+ years’ work experience within a bank’s Treasury or Finance department.
  • Strong coding and programming experience is required.
  • programming experience and proficiency with one of the follow: Python/R/SAS
  • Experience with QRM framework is desired.
  • Strong SQL background (SQL Server/Snowflake)
  • Knowledge of financial products and balance sheet management is a plus.
  • Excellent presentation and verbal communication skills.
  • Ability to work independently and manage multiple priorities in a fast-paced environment to meet pre-established deadlines.
  • Ability to work across teams to achieve a common goal.

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: $85000 - $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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