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Insurance Business Line Risk Testing Analyst II
Ally
Detroit (MI)
On-site
USD 55,000 - 80,000
Full time
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Job summary
Ally Financial is seeking an Insurance Business Line Risk Testing Analyst II to support business process testing and monitoring for the insurance sector. The ideal candidate will possess strong analytical, project management, and communication skills along with relevant experience in risk management or auditing, all while working with a dynamic team striving for excellence.
Benefits
Qualifications
- 2+ years in testing, auditing, or risk management.
- Ability to work in a team.
- Experience in data analytics.
Responsibilities
- Independently execute assigned testing activities.
- Develop, execute, and document testing.
- Analyze business processes and document findings.
Skills
Education
Tools
Job description
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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?
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
The Business Line Risk Testing Analyst II plays a key role in supporting the development and execution of business process testing and monitoring activities for the Insurance business line. The position is responsible for executing testing and monitoring of assigned areas. Execution of testing includes identifying and assessing process risks and controls, flowcharting business processes including identifying and evaluating the design and operational effectiveness of controls, executing tests, documenting results, assessing review findings and making initial determination of reportable issues. During the process, completes work in accordance with Ally Financial testing and monitoring methodology.
The Work Itself
- Independently execute assigned testing activities, including test of controls and validation/transactional testing
- Support program planning and execution
- Develop, execute and document testing in accordance with policies and procedures
- Utilize sound analytical and technical skills to provide consultation regarding emerging control practices.
- Analyze business process and internal control documentation and develop written summary of findings to review with Management.
- Identify root causes and provide meaningful recommendations.
- Perform ad hoc projects as assigned to assist in analyzing Ally's risk and control environment.
- Work within defined plans and schedules.
- Maintain open line of communication with management of assigned areas
The Skills You Bring
- 2+ years of work experience in relevant field required, experience in testing, auditing or risk management preferred
- Bachelors (or higher) degree in business required or 5 years of relevant experience can be used in lieu of degree (including military service)
- Familiarity with Ally Insurance products or experience with F&I and/or P&C business preferred
- Strong project management skills
- Detail-oriented, deadline driven, self-directed and organized individual
- Strong written and verbal communications skills
- Strong understanding of risk and control concepts
- Ability to understand a range of processes within the Insurance business line
- Well-developed analytical and critical thinking skills
- Experience in data analytics and analysis
- Proven ability to excel in highly interactive team environment
- Working knowledge of Microsoft Office applications (Word, Excel, and PowerPoint)
- Ability to travel (~5%)
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: Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).
- 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 hrpolicy@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 - $80000 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.
- Seniority levelEntry level
- Employment typeFull-time
- Job functionFinance and Sales
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