What are the responsibilities and job description for the Risk Analyst II - IRM Insurance Risk position at Ally?
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
Ally Financial Inc.'s Independent Risk Management function is responsible for objective and critical assessment of risks and-through oversight, effective challenge, and other means-evaluation of whether Ally remains aligned with its risk appetite and risk limits.
In this role, the Risk Analyst II - IRM Insurance Risk will be responsible for the monthly, quarterly and annual reporting and analytics in support of the monitoring and review and challenge of the Insurance Business Property and Casualty (P&C) suite of products. The successful candidate will strive for continuous improvement in their work and ownership of reporting and analytics for P&C products, understanding its support in risk reporting as well as review and challenge activities related to pricing, profitability performance, and risk development of the Ally Insurance Business.
At this time, Ally will not sponsor a new applicant for employment authorization for this position.
The Work Itself
The Skills You Bring
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:
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: $55000 - $95000 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.
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
Ally Financial Inc.'s Independent Risk Management function is responsible for objective and critical assessment of risks and-through oversight, effective challenge, and other means-evaluation of whether Ally remains aligned with its risk appetite and risk limits.
In this role, the Risk Analyst II - IRM Insurance Risk will be responsible for the monthly, quarterly and annual reporting and analytics in support of the monitoring and review and challenge of the Insurance Business Property and Casualty (P&C) suite of products. The successful candidate will strive for continuous improvement in their work and ownership of reporting and analytics for P&C products, understanding its support in risk reporting as well as review and challenge activities related to pricing, profitability performance, and risk development of the Ally Insurance Business.
At this time, Ally will not sponsor a new applicant for employment authorization for this position.
The Work Itself
- Own, maintain, develop and complete monthly/quarterly/annual results of the Insurance P&C business and the corresponding key risk metrics associated with their products
- Assist in development and completion of Risk reporting in support of Risk Appetite and Enterprise Risk Management initiatives
- Maintain strong working relationships with Business Line proces owners and subject matter experts
- Track and monitor both the development of use and renewal processes related to reinsurance activity associated with Ally's Dealer Open Lot Insurance
- Support the development and communication of routines to escalate IRM data initiatives within the Risk organization
- Develop new reporting and analytics deliverables and perform ad-hoc analysis as requested by management
The Skills You Bring
- Bachelor's required in relevant subject area; risk, finance, actuarial, economics topics background a plus
- 1 years of experience
- Reporting role responsible for producing and managing strict deliverables from multiple and complex datasets.
- Ability to build from scratch comprehensive and flexible reporting templates using Microsoft Excel.
- Experience managing large datasets segmented multiple different ways and ability to reconcile datasets to control sources and among alternative reports and schedules.
- Proven analytical skills and ability to effectively synthesize and communicate ideas and insights across the organization, strong presentation skills a plus
- Data analytics skills; experience with analytical tools and software such as Snowflake and Microsoft Office Suite and Bex/SAP required, PowerBI experience a plus.
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
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: $55000 - $95000 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.
Salary : $55,000 - $95,000
