What are the responsibilities and job description for the Senior Analyst - Balance Sheet Management position at Ally Financial?
The Senior Analyst will be a part of Balance Sheet Management (BSM), specifically on the dynamic Data & Analysis team. In general, this team’s key responsibilities are to build an accurate and timely Current Position (CP), which is the foundation of Ally’s BSM / ALM activities, and to support the group’s ad hoc requests that arise through reporting, testing, or modeling needs. This role is suited for those interested in developing data analysis skills, learning about net interest income forecasting and interest rate risk, and maintaining a well-balanced base of knowledge about Ally’s balance sheet.
The Work Itself
Manage roll forward routines as part of the CP Build process
Validate and articulate variances that arise for NII / risk forecasts vs prior CP build
Partner with internal teams, including BSM forecast, risk, and modeling teams to tackle troubleshooting that arises from CP Build process.
Run cash flow analysis to support various hedging programs
Collaborate with business partners throughout the organization including, but not limited to, Capital Markets, Liquidity Risk, Reg Reporting, Accounting, Technology, Capital Management and Corp / BU FP&A teams.
Develop / deepen knowledge of SQL / Python to assist with variance analysis and to enhance existing processes
Develop expertise in QRM Framework
Develop expertise in NII forecasting / Interest Rate Risk
Perform data analysis on various BSM needs, including ad hoc analysis
Manage various monthly and quarter end reporting requirements
The Skills You Bring
3+ years’ experience in Finance, Treasury, Data Analysis, or related field in the financial industry required
Bachelor's degree in finance, accounting, data analysis or related field required
Strong Excel skills required
SQL / Python skills preferred but not required
Ability to build consensus and communicate effectively required
Ability to work with limited supervision
Exhibits a strong work ethic
Preferred Qualifications
QRM, SAP, Eagle, Power BI, SAS, or Python Experience
Knowledge and experience in auto finance of asset management
Understanding of interest rate indexes and forward curves
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.
Salary : $70,000 - $120,000