Senior Analyst - Business Line Risk

Ally - Lansing, MI

Full-time - Mid Level

Onsite - Lansing, MI

Printing and Related Support Activities

About the position

The Senior Analyst - Business Line Risk position at Ally Financial focuses on enhancing the governance and risk management framework within the Insurance Business Line Risk team. The role involves supporting new products, underwriting, and credit risk management, with a strong emphasis on collaboration, strategic decision-making, and effective communication of risk-related matters to management committees. This position offers high visibility and the opportunity to propose innovative strategies to improve risk management practices.

Responsibilities

• Drive the governance and oversight of the Underwriting Risk Management process.
• Actively review new business proposals and navigate the internal review process.
• Orchestrate dynamic and engaging Underwriting Risk Management Committee meetings.
• Lead enhancements to the credit risk management framework.
• Perform analysis of credit risk by reviewing credit portfolio trends and key risk indicators.
• Engage with the Auto Finance Credit risk team to gain deeper insights into credit risk assessments.
• Collaborate with the Underwriting Team to address underperforming accounts and monitor strategies to improve credit quality.
• Oversee indirect counterparty exposure to financial institutions by reviewing credit risk reports.
• Refine and expand Credit Risk Key Risk Indicators to enable leadership to understand emerging risks.
• Support the review and management of risks associated with the launch of New Products and Strategic Initiatives.
• Engage with leaders and team members to develop and implement strategic plans for challenges.
• Identify areas for improvement in existing processes and seek innovative solutions.
• Support and facilitate Ally Insurance's governance structure, including updating policies and reporting to management committees.
• Engage the leadership team in discussions on top emerging risks and report outcomes to the Risk Management Committee.
• Drive improvements in how Risk Limits and Key Risk Indicators are used to monitor and report risk exposures.
• Support the completion of regulatory filings to ensure compliance with industry regulations.
• Promote an effective risk culture by embodying strong governance and risk management practices.

Requirements

• Bachelor's degree required with a concentration in business, finance, or related field preferred.
• 3 years of applicable experience preferred.
• Strong command of MS Office (PowerPoint, Excel, and Word).
• Effective oral and written communication skills.
• Experience with Insurance and/or Enterprise Risk Management.
• High level of problem-solving capability and research-oriented skills.
• Efficient organizational and time management skills.
• Strong project management skills.
• Keen attention to detail.
• Experience in building strong relationships/partnerships.
• Strong interpersonal skills.

Nice-to-haves

• Experience in the financial services industry.
• Familiarity with regulatory compliance and risk management frameworks.

Benefits

• Competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
• Industry-leading 401K retirement savings plan with matching and company contributions.
• Student loan and 529 educational assistance programs.
• Tuition reimbursement and other financial well-being programs.
• Flexible health and insurance options including dental and vision.
• Pre-tax Health Savings Account with employer contributions.
• Total well-being program for physical, social, emotional, and financial health.
• Adoption, surrogacy, and fertility support.
• Parental and caregiver leave, back-up child and adult/elder day care program.
• Childcare discounts.
• LifeMatters® Employee Assistance Program.
• Subsidized and discounted Weight Watchers® program.