Skip to content

General information

Career area
Compliance
Country
United States
Work Location(s)
12808 Gran Bay Parkway West, Jacksonville, FL, 500 Woodward Avenue, Detroit, MI, 601 S. Tryon Street, Charlotte, NC, 900 N. Arlington Heights, Itasca, IL
Remote?
No
Ref #
12864
Posted Date
Tuesday, June 7, 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 Manager reports to the Sr. Compliance Director and is responsible for developing and enhancing the compliance program by working with the business line to ensure the day-to-day operations are conducted in adherence with federal and state law requirements, in addition to company policies and procedures. The Compliance Manager will have a critical role in establishing effective relationships with other independent risk management teams and business partners at Ally. This role requires knowledge of and familiarity with federal and state requirements for insurance products (including auto, homeowners, life, property & casualty etc.) and a solid business understanding associated with insurance operations.

The Work Itself

 

  • Provide oversight and challenge to the Insurance BL by determining regulatory risk based on federal and state requirements and effectively communicate these risks vertically and laterally to ensure all levels of management understand the risks posed
  • Support the continued effort to build, expand and implement compliance governance processes, policies, procedures, and controls within the team’s area of focus based on risk assessment results, internal audit findings, regulatory exam findings, Enterprise Compliance Program materials and applicable laws and regulations
  • Collaborate with leadership to ensure appropriate preventative and detective controls are established
  • Interact daily with the Insurance BL middle management to provide and obtain information and to build consensus regarding compliance application and interpretation
  • Collaborate with other leaders to develop strategy for quarterly Continuous Monitoring
  • Assist with performing due diligence for new products and initiatives (including marketing materials) proposed by the business
  • Support the team in providing oversight and challenge related to BL insurance regulatory changes, issues management and compliance training, as applicable
  • Work with the Insurance BL to review and map their policies and procedures to applicable state laws and regulations as part of the risk control self-assessment
  • Assist Insurance Compliance Director in leveraging compliance opportunities across the Insurance BL
  • Assist in creating governance and reporting documentation for areas of focus to include presentations for relevant committees and/or regulators as requested
  • Serve as contact within compliance in a collaborative way to foster positive working relationships, provide   sound advice and issue trends and stay abreast of major insurance business activities and process changes
  • Mentor & develop compliance staff and act as a knowledge resource by keeping abreast of relevant changes in state laws, rules, regulations that impact the insurance business line
  • Participate in timely responses to regulatory exams and internal audit requests
  • Perform special projects and duties as assigned
  • #LI-hybrid

   

The Skills You Bring

  • Education level: Minimum -- bachelor's degree in business or related major, or equivalent work experience to include regulatory compliance or legal experience with expertise in insurance including auto/homeowners/life /property & casualty etc.
  • Total years and type of prior related experience: 7 + years
  • Attention to detail and superior written and oral communication skills with a proven ability to communicate, listen and influence effectively at  various levels of the organization
  • Ability to work in a fast paced, and deadline-oriented environment
  • Ability to identify, quantify and communicate risk and related root cause to various levels of leadership
  • Must possess strong critical thinking and analytical skills
  • Ability to multi-task and work well in a changing environment
  • Independent, self-motivated and works well with others
  • Strong leadership skills (organized, self-directed etc.) with proven track record of increasing responsibilities within the organization
  • Proficient in Microsoft Office products including Excel, Word, PowerPoint etc.
  • Some travel required
  • #LI-Hybrid

 

 

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.