Ally Senior Analyst- Model Validation (US REMOTE) in Salt Lake City, Utah

February 28, 2024

Job Description


General information

Ref # 17030

Remote? Yes

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 Senior Model Validation Analyst is responsible for executing best-practice model validation activities to ensure models across Ally are conceptually sound relative to their intended use and performing appropriately.

The Work Itself

  • Validate the performance and controls of quantitative models across Ally.
  • 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

Education

  • 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.

Experience

  • 3+ years in banking / financial services industry; Quantitative model development and/or validation experience is highly desired.

Technical Competencies

  • Familiarity with market risk, credit risk (underwriting, loss forecasting, portfolio management), operational risk measurement, marketing models, and stress testing methodologies / quantitative analytics.
  • Strong familiarity with regulatory guidance in the model space (i.e. SR 11-7).
  • Proficient of statistical, mathematical, machine learning and quantitative methods used in model validation.
  • 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.
  • Advanced knowledge of Python/PySpark, experience with AWS, intermediate knowledge of R, SAS, SQL is highly desired as well as experience using a cloud computing environment.
  • Strong data analytical skills

Personal Competencies

  • Adept at working in a multi-faceted organization
  • Strong technical writing and verbal communication skills are required
  • Internally motivated to drive process improvement
  • Superior time management skills are required

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 [email protected]. 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:

Emerging: 85000

Experienced: 117500

Expert: 150000

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









Location

Related Jobs