Risk Manager - Enterprise Resilience Scenario Analysis

General information

Career area

Risk

Work Location(s)

500 Woodward Avenue, MI, 601 S. Tryon Street, NC

Remote?

No

Ref #

17540

Posted Date

Friday, May 10, 2024

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?

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 in on a hybrid schedule- in office weekly and some remote days

This role will be a member of Ally's Enterprise Resilience team, reporting to the Sr. Director of Enterprise Resilience and will be responsible for the Enterprise wide scenario program. This position will leverage the existing Operational Risk scenario analysis framework and expand the design to facilitate a holistic scenario program that leverages outputs from other areas within risk that conduct testing, scenarios or exercises to build upon resilience activities. This program will stress financial and non-financial parameters of either scenarios within an inventory or newly created, depending on the need, to arrive at conservative results in support of Enterprise Resilience and Capital Planning.

The Work Itself

• Lead the design of Enterprise Resilience and Capital Planning stress testing processes and supporting the establishment/progression/utilization of output of existing processes in support of enterprise wide evaluation of financial and non-financial risk.

• Manage the end-to-end Scenario Analysis exercise execution for risk/resilience assessment and quantification of losses.

• Manage the Resilience/Operational Risk Enterprise Capital Plan Stress Test scenario submission.

• Implement policy, framework, standards, and procedures for the Enterprise Resilience Scenario Analysis Program.

• Provide expertise in Scenario Analysis improvement initiatives including program expansion, data modeling, collaboration with BL and IRM partners.

• Lead external research and benchmarking to enhance, update and maintain sound Scenario Analysis practices aligned with regulatory requirements and industry best practices.

• Provide guidance and subject matter expertise/training to all Program stakeholders, as required, in support of compliance with Scenario Analysis Program, including integration with other risk framework components.

• Ensure all processes, standards, and procedures are kept current, consistent with documentation, reviewed periodically for compliance, and assessed against the business need and risk appetite framework.

The Skills You Bring

• Bachelor's degree

• 5 + years of risk management, accounting, FP&A, or auditing experience

• Some financial services experience required

• 2+ years leadership experience managing programs and/or people

• FP&A background and demonstrated understanding of the various financial statement components preferred.

• A background in Risk, Controls, Operational Losses, Loss Forecasting/Modeling, or Scenario Analysis preferred.

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

• Accomplished communicator - possesses the ability to influence outcomes while also educating on requirements and rationale.

• Proficient listener - individual can understand requirements and outputs of corresponding programs and support/lead dynamic processes that yields results that could be leveraged for multiple purposes.

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

90000

Experienced

120000

Expert

150000

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