Quantitative Modeling Manager

Avature; Charlotte (NC); On-site; USD 110,000 - 180,000; Full time

Job summary

A leading financial services company in Charlotte is seeking a Quantitative Modeling professional to develop loss forecasting and credit scoring models. The ideal candidate will have strong analytical skills, programming knowledge, and experience in model development. This role offers competitive compensation and a supportive work environment focused on employee well-being.

Benefits

20 paid time off days

401K retirement savings plan

Tuition reimbursement

Flexible health and insurance options

Adoption and fertility assistance

Paid parental leave

Qualifications

• 5+ years of modeling & analytics experience required.
• Experience with logistic and linear regression, scorecard methods, time series modeling, and loss forecasting.

Responsibilities

• Development of loss forecasting and credit scoring models.
• Extract and manage data for model development from internal and external databases.
• Support the Model Risk Management validation process.

Skills

Analytical

Communication

Interpersonal

Programming

Education

Bachelor's degree in Mathematics

Bachelor's degree in Statistics

Bachelor's degree in Economics

Bachelor's degree in Engineering

Advanced degree

Tools

Python

SAS

R

Job description

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

Reporting to the Director of Quantitative Modeling, this position's primary responsibilities will include the development of loss forecasting and credit scoring models that support the originations strategy for Ally’s Auto business line. The ideal candidate will have prior model development experience, strong data management, quantitative, and programming skills. This position is based in Charlotte, NC.

The Work Itself

• Hands-on development of loss models and credit scorecards used to assess consumer and commercial credit risk using a variety of statistical and machine learning methods.
• Extract and manage data for model development from internal and external databases and providers.
• Monitor performance and support existing models in production, updating periodically as needed.
• Help evaluate third-party data and credit scoring models for internal utilization, as appropriate.
• Support the Model Risk Management validation process for models owned by your team.

The Skills You Bring

· Bachelor's degree in Mathematics, Statistics, Economics, or Engineering. Advanced degree required.

· 5+ years of modeling & analytics experience required

· Advanced knowledge of statistics and quantitative models.

· Strong analytical, communication (written and oral), and interpersonal skills.

· Familiarity with credit bureau data, credit scoring methods and rank-ordering metrics.

· Experience with logistic and linear regression, scorecard methods, time series modeling, and loss forecasting. Knowledge of machine learning is a plus.

· Python, SAS, R or other modeling software or languages.

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: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

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.

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 [e-mail]. 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: $110000 - $180000 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.