Director- Credit Risk (Credit Card)

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

This role is hybrid, in office weekly in our CLT office with some remote work. This position is in IRM’s Credit Risk Team in Charlotte, North Carolina.

The Credit Risk team within the IRM function is responsible for analytics and reporting that enable effective review and challenge of credit risk being taken in Ally Credit Card, including risks associated with the existing portfolio, loan originations, new product offerings, and changes in underwriting guidelines and credit risk policy.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.

The Director of Credit Risk is responsible for providing an objective, critical assessment of risks and evaluation of whether Ally Credit Card Business Line remains aligned with its risk appetite and risk limits.The Director is also responsible for relationship management with the business line and will conduct complex analyses and in-depth credit risk related research of Ally's Credit Card portfolio.The analyses and research include reviewing and evaluating adherence to credit risk policies and procedures, credit decisioning methods used, developing and publishing credit risk related reporting on portfolio trends and measures, and drafting presentations to communicate conclusions to all levels of management.

The Work Itself

• Independently identify, assess, measure, mitigate, control, monitor, test, report, and escalate risks, including aggregated risks across the Ally Credit Card.
• Responsible for ensuring data validity, accuracy of deliverables while adhering to enterprise policies and procedures.
• Support credible challenge of and advise of the Ally Credit Card Business Line with respect to the management of risks.
• Set the criteria and independently test Business Line credit policy adherence and control effectiveness.
• Conduct ad-hoc analytics and manage various other independent projects.
• Support and execute a risk-based annual testing and monitoring plan; report on results and escalate issues as necessary.
• Create monthly Monitoring and Testing reports for management.
• Assess credit policy and procedural change requests from Underwriting and Servicing organizations.
• Review and challenge BL credit policies, standards, and procedures.
• Lead and follow up on issue management, ensuring timely completion and tracking of all issues.
  
  

Skills

The Skills You Bring

• Bachelor's degree preferred in business related field
• 7+ years relevant experience (e.g., underwriting, credit risk, testing, reporting, data analytics).
• 1 + years experience with relational database concepts like SQL Server required, including 1+ years direct experience writing code.
• 1+ years leadership experience managing people
• Experience with business intelligence reporting tools such as SAS, Power BI.
• Proven track record performing in-depth analysis and clearly reporting findings.
• Proven track record of contributing to and leading projects.
• Proficient in Microsoft Office Suite like Excel, PowerPoint, and Word and standard Enterprise systems.
• Ability to provide advice/direction in primary areas of expertise.
• Ability to support multiple assignments and stakeholders, self-prioritize workload and coordinate with direct reports and teammates to ensure that deadlines are met.
• Strong presentation, interpersonal and communication skills, including ability to articulate complex problems in a simple manner.
• Demonstrate technical expertise and relationships to contribute to strategy and drive business results.
• General understanding of consumer Credit Card industry.
• QA/QC, Audit, Modeling, Underwriting and/or Servicing 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: 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: An individual's position in the range is determined by 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.

Emerging

125000

Experienced

145000

Expert

165000

Incentive Compensation: This position is eligible to participate in our annual incentive plan.