Job Description

General information

Ref # 20599

Remote? Yes

Ally and Your Career

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Ally Financial only succeeds when its people do - and thats more than some clich 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. Youre constantly evolving, so shouldnt your opportunities be, too?

The Opportunity

This is a remote opportunity in the US and new hire must be able to work EST business hours regardless of geographic location.

The Senior Analyst , Model Validation is responsible for executing best-practice model testing and validation activities to ensure models across Ally are conceptually sound relative to their intended use, executing the appropriate controls, and performing appropriately. Furthermore, the Model Validation Senior Analyst will be relied upon for coaching and developing of analysts, process improvement, and contributing to the advancement of QATs and Models within Ally.

The Work Itself

Validate the performance and controls of quantitative models across All Identify risks and provide recommendations to mitigate those risks Document and present findings to the Model validation leader and Senior management Develop and maintain effective partnerships with participants / stakeholders within Ally's model risk management community Promote knowledge sharing with other analysts in MRM Provide thoughts for leadership to advance model risk management through presentations, workshops, demonstrations, and automation

The Skills You Bring

• Master's degree in economics, mathematics, finance, statistics, risk management, computer science, or any related field is required
• Ph.D. in finance, economics, statistics or related field is preferred
• 3+ years experience required. 3+ years banking / financial services industry highly preferred
• Quantitative model development or model validation required.
• Intermediate knowledge of Python or R and SQL is required
• Familiarity with market risk, credit risk (underwriting, CECL loss reserving, portfolio management), operational risk measurement, and stress testing methodologies / quantitative analytics
• Familiarity with regulatory guidance in the model space (i.e. SR 11-7)
• Knowledge of applied statistics such as Regression Analysis, Machine Learning Methodology , Importance Sampling, Variable Selection Techniques, etc.
• Ability to assess model conceptual soundness, inherent weaknesses, performance, and controls
• Ability to challenge model frameworks through benchmark/challenger model development using advanced modeling techniques
• Demonstrated analytical approach to complex processes
• Advanced knowledge of a statistical programming package is required
• Strong technical writing and verbal communication skills are required
• Superior time management skills are required

#LI-Hybrid

How We'll Have Your Back

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Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. But Allys 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

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.

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: 85000

Experienced: 117500

Expert: 150000

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

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