Ally IRM Risk Manager in Detroit, Michigan

Position Description

The Credit Risk Manager is responsible for driving the consistent application of the Credit Risk Management Framework and Policy. This includes ensuring risks are identified, measured, monitored, and controlled and root cause and thematic analysis is performed in a holistic and consistent manner. Other responsibilities include providing an objective, critical assessment of risks and evaluation of whether Ally remains aligned with its risk appetite and risk limits. Perform analysis and research including reviewing and evaluating credit risk policies, standards, and procedures, along with developing risk related monitoring and challenge routines with respect to portfolio trends and BL strategies.

IRM maintains and implements Ally's risk management framework and independently oversees risk-taking activities, sets parameters representative of a strong risk culture that encourages an informed, measured, disciplined, and balanced approach to risk-taking and fair and honest treatment of customers, counterparties, and employees.

This position is within the Consumer Credit Risk Team and can be located in Lewisville, Detroit, Jacksonville or Charlotte.

Job Responsibilities

  • Credibly challenge and advise the Auto business line with respect to the management of risks

  • Assess credit policy and procedural change requests from Underwriting and Servicing organizations.

  • Review and challenge BL credit policies, standards, and procedures.

  • Provide SME guidance to the line of business in support of compliance with Credit Risk Management framework components.

  • Provide oversight of business line Credit Risk performance, loss identification and reporting; escalate material losses as appropriate.

  • Oversee established risk metrics/guardrails and appropriate analysis/action plans are in place for metrics out of threshold.

  • Actively participate in business line risk routines to ensure thorough and up-to-date knowledge of the business.

  • Leverage independent view of risks to identify and influence business decisions; serve as a trusted advisor to the business and be an ambassador for Credit Risk.

  • Provide consolidated enterprise-wide risk reporting, including in connection with any identified deficiencies in risk management and their remediation;

  • Ability to draft executive level presentations to communicate conclusions and recommendations to all levels of management.

  • Advise management on the suitability of risk exposures relative to the Risk Appetite Statement and risk limits

  • Independently identify, assess, measure, mitigate, control, monitor, test, report, and escalate risks, including aggregated risks across the enterprise

  • Conduct ad-hoc analytics and manage various other independent project

  • Work with the testing team to develop data, analysis, tools in support of testing efforts.

Qualifications

  • 7+ years' experience in Risk Management or applicable line of business (e.g., credit operations, testing and monitoring, or audit), preferably in financial services or similar industry.

  • 5+ years' experience in Auto or Insurance, with experience as a team or process lead, preferred.

  • Underwriting and or Servicing experience a plus.

  • 3+ years data analytics experience (SAS/SQL).

  • Must demonstrate strong familiarity with risk and control concepts.

  • Must be self-motivated, willing to take on initiative, and capable of working independently.

  • Strong influencing skills and ability to provide advice/direction to all levels of employees and management.

  • Must demonstrate ability to assimilate unique business practices / functions with Enterprise level policies.

  • Working knowledge of risk management components (e.g., policy/procedures, governance, reporting, risk control self-assessments, loss event capture) in a regulated environment.

  • Demonstrated ability to build effective working relationships with multiple levels of management.

  • Ability to independently problem solve in scenarios where a precedent does not exist.

  • Must demonstrate high level of professional skepticism.

  • Ability to multi-task, handle competing priorities, and follow through on commitments.

  • Ability to effectively manage and mitigate situations that have potential for conflict.

  • Willingness to adapt to meet the needs of the risk organization in a dynamic regulatory environment.

  • Willingness to challenge conventional wisdom and ability to effectively articulate viewpoint.

  • High level of personal integrity, with the ability to handle confidential and otherwise sensitive matters professionally and with the appropriate level of judgement and maturity.

  • Proven ability to manage issues through to resolution; skilled at making sound judgment calls.

  • Bachelor's degree required.

  • Demonstrated ability to work collaboratively and effectively at all levels of the organization.

  • Ability to develop and execute on policy testing and monitoring strategies of consumer auto portfolio.

  • Good organizational skills with the ability to work independently and initiate proactively.

  • Ability to support multiple assignments and stakeholders, self-prioritize workload and coordinate with teammates to ensure that deadlines are met.

  • QC/QA experience a plus.

Ally Overview

Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.

Business Unit/Enterprise Function

Ally Risk function manages and analyzes our exposure to internal and external risk factors. The group strives to achieve an appropriate balance between risk and return, to limit unnecessary risk, and to protect the company's financial returns.

Total Rewards Information

Ally's compensation program offers market-competitive base pay and bonus pay potential based on achieving personal and company goals. Plus, we have a flexible paid time-off program with an emphasis on work-life balance.

Ally offers a variety of benefits to protect your health and well-being, provide financial security and balance your work-life needs including:

  • Industry-leading 401K Retirement Savings Plan including Matching and Company Contributions

  • Comprehensive wellness program with financial incentives designed to help you achieve your best health

  • Flexible health insurance options including dental and vision

  • Pre-tax Health Savings Account with generous employer contributions

  • Pre-tax dependent care and commuter benefits

  • Other work-life integration benefits including Paid Parental & Caregiver Leave, Adoption Assistance, Back-up Child & Adult/Elder Care, Child Care Discounts, Tuition Reimbursement, LifeMatters Employee Assistance Program, Weight Watchers and other employee discount programs

Ally is an Equal Opportunity Employer

We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's 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.

Job Title: IRM Risk Manager

Company: Ally Financial Inc.

Category: Risk

BU Function: Risk

Requisition ID: 19-5409

DirectEmployers