Principal - Fraud Data Analytics

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

As a key member of the Fraud Analytics, Strategies and Trends (FAST) team, the Principal Data Scientist plays an integral role in managing and optimizing vendor-owned fraud detection models, as well as driving data-driven fraud analysis. Using advanced analytical techniques, the Principal Data Scientist will develop insights to support cross-functional collaboration to implement policy and procedural changes that strengthen fraud prevention efforts.

The Work Itself

• Manage, monitor, and optimize external fraud detection models provided by third-party vendors
• Collaborate with vendors to understand model performance, adjust thresholds, and ensure accuracy in detecting fraudulent activities
• Create and maintain regular reports and dashboards to track model performance, detect trends, and identify key performance indicators
• Assess and validate vendor model updates or changes, ensuring alignment with business needs and fraud detection objectives
• Perform regular audits and reviews of model output, providing insights into effectiveness and recommending improvements
• Lead or contribute to the development of new vendor model initiatives or data-driven tools to enhance fraud detection abilities
• Leverage advanced statistical and machine learning techniques to analyze large, complex datasets and generate actionable insights
• Develop analysis to support potential policy and/or procedural changes to reduce fraud and improve the customer's experience, and provide recommendations based on findings
• Develop new techniques for fraud analysis, as well as recommendations for internal FAST policies and/or procedures to help drive efficiencies and repeatable quality results.
• Support the continuous enhancement of fraud detection systems and policies to proactively mitigate risks
• Develop strong relationships with other FAST team members to drive collaboration, shared insights across the team, as well as coaching and mentoring peers toward improvement.
• Develop strong relationships with key business partners both inside and outside Fraud Prevention, pursuing solution delivery and shared successes.
• Deploy findings of analysis through effective presentation skills and use of influence.
• Deploy thorough controls that include not only well-developed countermeasures, but also detailed change control and backup documentation to ensure controls are understood and sustained.
  
  

Skills

The Skills You Bring

• 5 years of experience using advanced data manipulation techniques to solve business problems required
• Demonstrated experience managing the lifecycle of predictive models, including risk assessment, performance validation, and ensuring compliance with governance and regulatory standards required
• Bachelor's Degree in Data Science, Analytics, Computer Science, Economics, Statistics, Mathematics, Engineering or similar field of study required (Master's or PhD preferred)
• Solid understanding statistical and machine learning programming tools such as SQL, SAS, Python and R as well as hands on experience with model development. Experience with DataRobot and DataWalk is a plus
• Ability to analyze complex data, deriving clear action-oriented recommendations for the business, and communicating insights clearly and concisely to individuals from diverse backgrounds
• Experience with vendor model management highly preferred
• Experience working in financial services industry, specifically in fraud prevention
  
  

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: $110000 - $180000 USD

An individual's position in the range is determined by the specific role, 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.

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