What are the responsibilities and job description for the Regulatory Reporting Manager position at Ally Financial?
General information
Ally and Your Career
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 position is located within the Portfolio Reporting team of the Dealer Financial Services group and is based in Detroit, MI. This team primarily focuses on external credit risk reporting for the Consumer and Commercial Auto portfolios. In this role you will directly support numerous areas of the CFO Group by overseeing the development of credit risk metrics required for SEC disclosure reporting (10K/10Q), Fed/FDIC reporting, management reporting, and Ally’s quarterly earnings materials. The person in this position will be responsible for overseeing the completion of numerous reporting processes in order to provide accurate, timely, and relevant credit risk information for financial reporting purposes. The successful candidate will be able to comfortably work with and analyze large datasets, thrive in a deadline-oriented environment, and demonstrate accuracy and accountability while preparing, validating, and reconciling standardized and ad hoc reports.
The Work Itself
- Oversee the production and validation of numerous monthly/quarterly/yearly reports and datasets that will ultimately be used for external disclosure and earnings reporting.
- Own the production of major Consumer and Commercial Auto credit risk deliverables and all supporting processes including documentation, preparation, validation, integrity checks and process controls, management review and sign-off, audit support, maintenance, process improvements, and data enhancements.
- Propose and drive improvements in all processes to improve the efficiency of producing results while not sacrificing the integrity of the process or losing the detail in underlying support.
- Coordinate review and approval of all quarter end materials including 10Q/10K, earnings presentation, financial supplement, earnings release, management cribs, Fed reporting, Call Report, etc.
- Manage relationships with business partners (Regulatory Reporting, SEC Reporting, Risk Finance, Auto Accounting, Investor Relations, etc) to strengthen cooperation when requesting data/information from them and when providing results/deliverables to them.
- Manage relationships with oversight partners (Deloitte, Financial Controls, Internal Audit, MRM, Data Governance, etc) by representing the team in meetings and providing required support and documentation to ensure the integrity of results being reported in external deliverables.
- Perform a continuous review and challenge of all existing processes to ensure they continue to meet the needs of business partners and tie to control sources.
- Be prepared to respond to changing business needs and new deliverable requests by developing skills to manage the impact analysis, requirements gathering, design, and implementation of new processes.
The Skills You Bring
- Bachelor’s degree in Finance, Accounting, Economics, Math, or related business field.
- MBA or other advanced degree preferred.
- 7 years of relevant work experience in a fast-paced analytical and reporting role.
- Previous experience supervising analysts preferred.
- Strong Microsoft Excel skills required.
- Experience working with very large datasets required and the ability to use that data to identify trends, draw conclusions, and provide explanations for results.
- Ability to collaborate across the organization and build strong relationships with business partners.
- Proven ability to deliver results within tight deadlines while maintaining integrity of complex processes.
- Must demonstrate a strong attention to detail and be highly organized.
- Possess strong analytical and problem-solving/reconciling skills.
- Can initiate proactively and effectively manage multiple priorities.
At this time, Ally will not sponsor a new applicant for employment authorization for this position.
#DFS
How We'll Have Your Back
- 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.
Salary : $110,000 - $180,000
