Insurance Business Line Risk Testing Analyst II

4001 Motors Insurance Corp.; New York (NY); Hybrid; USD 75,000 - 110,000; Full time

Benefits offered by this job

Time off

401K + match

Tuition reimbursement

Stock purchase plan

Life insurance

Disability coverage

Well-being program

Parental leave

Relocation assistance

Signing bonus

Job summary

Ally Financial is seeking a BL Risk Testing Analyst II to support development and execution of testing and monitoring activities for the Insurance business line. You will execute testing, identify process risks and controls, document results, and review findings with management.

The role requires strong analytical skills, experience in testing/auditing or risk management, and the ability to work in a collaborative, fast-paced environment.

Qualifications

• 1+ years of experience in testing, auditing or risk management.
• Bachelor's degree in business required; higher degrees or experience may substitute.
• CPA or CIA preferred.
• Familiarity with Ally Insurance products or F&I and/or P&C preferred.
• Strong project management skills.
• Detail-oriented, deadline-driven, self-directed and organized.
• 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.
• Proficiency with Microsoft Office applications (Word, Excel, PowerPoint).

Responsibilities

• 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 analytical skills to provide consultation regarding emerging control practices.
• Analyze business process and internal control documentation and develop written summary of findings for review with Management.
• Identify root causes and provide meaningful recommendations.
• Perform ad hoc projects to analyze Ally's risk and control environment.
• Maintain open line of communication with management of assigned areas.
• Work within defined plans and schedules.

Education

Bachelor's degree in business

Experience in testing, auditing or risk management

Familiarity with insurance products (F&I / P&C)

Strong project management

Written and verbal communications

Risk and control concepts

Data analytics and analysis

Team collaboration in interactive environments

Microsoft Office (Word, Excel, PowerPoint)

Tools

Microsoft Office (Word, Excel, PowerPoint)

Job description

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 love 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 BL 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.

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.

Qualifications

• 1+ years of work experience in relevant field required, experience in testing, auditing or risk management preferred.
• Bachelors (or higher) degree in business required or relevant experience can be used in lieu of degree (including military service).
• CPA or CIA preferred.
• 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).

Minimum Qualifications

• 1+ years of experience
• High school Diploma or GED equivalent

Benefits and Perks

• 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.

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.

Equal Opportunity Statement

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. In accordance with the Americans with Disabilities Act, if after review of the position expectations, you believe that you may need a medical accommodation to fulfill the duties of this role, please email [e-mail] with details of your accommodation request.

Compensation

Base Pay Range 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.

We all work better as allies. Join a team that thrives on doing it right - whether we're helping people live their best financial lives or helping each other grow in our careers. We’re a leading financial services company serving over 11M customers through banking, auto financing, insurance and investment services. Our team's approach of celebrating differences and lifting each other up is consistently recognized on Fortune's 100 Best Companies to Work For list. Here, you'll find people who care about doing work that matters and making an impact in the communities we serve. Good enough is never enough for us - we're always looking for ways to be better, together.