Senior Director – Fraud & Payments Risk

Ally; Detroit (MI); Hybrid; USD 165,000 - 240,000; Full time

Benefits offered by this job

Time away – paid time off

401K plan with match

Health, dental & vision insurance

Parental leave programs

Employee stock purchase plan

Flexible work options

Job summary

Ally Financial seeks a Senior Director – Fraud & Payments Risk to build and mature enterprise oversight across fraud and payments risk. This role reports to the Executive Director of Operational Risk and collaborates with Legal, Compliance, and senior leadership to advance governance, risk appetite, and reporting.

You will balance innovation with risk controls, guide modernization of the fraud/payments ecosystem, and provide real-time visibility into risk outcomes across consumer banking and

Qualifications

• 12+ years of fraud risk, payments risk, or related risk management experience.
• Experience providing independent challenge within a Three Lines of Defense model.
• Familiarity with fraud typologies, payments rails, AML/BSA interfaces, and risk reporting.
• Experience presenting to senior management and Board-level risk committees.

Responsibilities

• Establish and maintain the enterprise fraud and payments risk framework and governance.
• Provide independent oversight, challenge first-line strategies, and govern risk appetite.
• Develop risk reporting to CRO, ERMC, and risk committees, with trend analysis.
• Lead cross-functional efforts across fraud, payments, cyber, identity, and AML.
• Balance innovation, customer experience, and profitability while maturing risk posture.
• Engage with Compliance, Legal, Technology, and business leadership to close visibility gaps.

Skills

Independent judgment

Analytical skills

Executive presence

Communication skills

Influence senior stakeholders

Transformational leadership

Collaboration

Education

Bachelor's degree or equivalent

Master's degree in related field

Professional certification (CFE/CAMS/FRM)

Job description

Hybrid

Charlotte, NC

Detroit, MI

Full time

R2601041

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 Senior Director – Fraud & Payments Risk is a newly created, independent second-line leadership role accountable for building and maturing Ally’s enterprise oversight framework across fraud and payments risk. This leader will advance the governance structure, policy framework, risk appetite, reporting, and effective challenge model across all business lines and first-line fraud and payments execution functions, providing direct, real-time visibility into fraud and payments outcomes.

Reporting to the Executive Director of Operational Risk, with direct interaction with the Chief Risk Officer and in collaboration with Legal and Compliance partners, this leader will develop and enhance appropriate governance forums, manage the fraud and payments risk appetite framework, and prepare reporting for the ERMC and Board Risk Committee. The role will advise, enable, and challenge modernization of Ally’s fraud and payments ecosystem as the company deepens and expands primary banking relationships across Consumer Banking, particularly deposits and investing. It will help balance innovation, customer experience, and profitable growth as consumer expectations, fraud typologies, payment capabilities, and the broader threat landscape continue to evolve. The role also serves as a central connector across fraud, payments, cyber, AML, and identity risk domains, supporting Ally’s transition toward a converged, threat-aligned enterprise protection model.

The Work Itself

• Fraud & Payments Risk Policy & Governance
• Evolve, own, and maintain the enterprise fraud and payments risk oversight framework, including applicable policies, risk taxonomies, risk appetite statements, governance, and second-line roles and responsibilities, in alignment with the Enterprise Risk Management Policy and Enterprise Risk Management Roles and Responsibilities Standard.
• Establish, support, and enhance appropriate governance forums, setting agenda priorities around risk appetite performance, material fraud and payments events, thematic first-line performance, emerging risks, and audit or regulatory issue closure.
• Independent Oversight & Effective Challenge
• Independently identify, assess, measure, monitor, test, and report on fraud and payments risk across the enterprise, including aggregated risk across business lines and first-line fraud and payments functions.
• Provide effective challenge to first-line fraud and payments strategies, products, detection rules, thresholds, controls, customer-experience decisions, and the enterprise fraud technology roadmap, without assuming ownership of first-line execution.
• Review and challenge business-line and enterprise RCSA results, control design, new and modified products or payment capabilities, and issue remediation plans related to fraud and payments risk, partnering with the RCSA Program and Internal Audit.
• Risk Reporting & Escalation
• Deliver regular fraud and payments risk appetite, KRI, and KPI reporting to the CRO, ERMC, and applicable Risk Committees, including trend analysis on fraud losses, payment risks, attack patterns, customer impacts, and control effectiveness.
• Escalate material fraud and payments events, emerging risks, and risk appetite breaches to the CRO and relevant governance committees in a timely manner.
• Support annual and periodic enterprise fraud and payments risk program health reporting to the Audit Committee and Board, in partnership with Compliance and first-line fraud and payments functions.
• Enterprise Threat Convergence, Modernization & Cross-Functional Leadership
• Serve as the Risk representative on cross-domain “attack journey” and modernization teams spanning fraud, payments, cyber, identity, and AML.
• Partner with Compliance, Cyber, Technology, Consumer Banking, and business-line leadership to close visibility gaps between fraud, payments, cyber, and financial-crime risk data and reporting.
• Provide risk input into enterprise payments modernization, identity and authentication (CIAM) strategy, AI-enabled fraud detection initiatives, and other emerging-risk technology investments, helping leaders balance innovation, customer experience, risk management, and profitable growth.

The Qualifications We’re Looking For

• 12+ years of relevant experience in fraud risk management, payments risk, operational risk management, financial crimes, or a related independent risk management discipline within a large, regulated financial institution.
• Bachelor's degree or equivalent combination of education and experience.
• Demonstrated experience operating within a Three Lines of Defense model, including direct experience providing independent challenge to first-line business and operational functions.
• Working knowledge of fraud typologies; consumer and commercial payment products and rails; cyber-enabled fraud; account takeover; synthetic identity; scams; money-mule activity; and their intersection with AML/BSA, technology, and operational risk obligations.
• Experience preparing risk reporting and presenting to senior management committees and/or Board-level risk committees.
• Master's degree in business, finance, risk management, criminal justice, or a related field.
• Professional certification such as Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), or Financial Risk Manager (FRM).
• Prior experience in a second-line fraud risk, payments risk, operational risk, or financial crimes oversight role at a large U.S. bank or bank holding company, with direct exposure to OCC, Federal Reserve, or FDIC supervisory expectations.
• Experience building, standing up, or significantly redesigning a fraud, payments, financial crimes, or operational risk operating model, including governance, policy, risk appetite, reporting, effective challenge, and clearly defined first-line and second-line accountability.
• Familiarity with payment products and rails, fraud analytics, AI/ML-enabled detection capabilities, identity and authentication (CIAM) strategy, and enterprise case-management platforms.
• Strong executive presence and the ability to influence senior stakeholders across Risk, Compliance, Legal, Technology, Cyber, and business-line leadership without direct authority.

Special Skills, Abilities & Competencies

• Independent judgment and the ability to provide credible challenge to senior first-line leaders.
• Strong analytical skills, with the ability to synthesize complex, cross-domain risk data into clear executive and Board-level narratives.
• Transformational and collaborative leadership style, with a demonstrated ability to build new capabilities, shape future-state operating models, and create consensus across historically siloed functions, including Fraud, Payments, Risk, Compliance, Cyber, and AML.
• Sound understanding of enterprise risk management frameworks, RCSA methodology, and issue management processes.
• Excellent verbal and written communication skills, including experience drafting policy, committee materials, and Board-ready reporting.

Minimum Qualifications

• 12+ years of relevant experience or equivalent combination of education and experience
• High school Diploma or GED equivalent

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.

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.

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.

Base Pay Range

$165,000.00 - $240,000.00

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.

CCPA Notice (https://www.ally.com/content/dam/pdf/corporate/ally_careers_ccpa_disclosures_ca_residents.pdf)