Testing and Governance Analyst - Insurance Risk

Ally; Detroit (MI); Hybrid; USD 55,000 - 95,000; Full time

Benefits offered by this job

Bonuses

401K matching

Tuition reimbursement

Employee stock purchase plan

Job summary

Ally Financial is seeking a hybrid-roles analyst in Detroit, MI to support the Corporate Insurance Department within Enterprise Risk. You will coordinate data requests, analyze risk trends, and develop leadership-ready reporting while helping negotiate and maintain corporate insurance programs.

The role requires 1+ year of experience in financial services or insurance, a related degree, and strong analytical skills. Competitive pay and a comprehensive benefits package are offered.

Qualifications

• 1+ years of experience in financial services or insurance preferred.
• Experience performing testing/monitoring activities.
• Ability to interact with internal/external stakeholders professionally.
• Knowledge of risk management processes and controls.
• Familiarity with risk and control concepts.
• Proficiency in MS Office applications (Outlook, Word, Excel, PowerPoint).
• GRC tool familiarity.

Responsibilities

• Engage with Business Line to understand offerings and procedures.
• Identify risks and develop mitigants and controls.
• Analyze data trends to detect underwriting/claims irregularities.
• Maintain understanding of monitoring/testing approach and tools.
• Test internal controls and suggest enhancements.
• Identify opportunities to streamline monitoring through automation/Power BI.
• Support governance and policy implementation for Enterprise Insurance Risk.

Skills

Analytical ability

Multi-tasking

Stakeholder management

Risk management processes

Risk concepts

MS Office

GRC tools

Testing/monitoring

Process improvement

Industry certification

Education

Bachelor's degree in Accounting, Finance, Business Administration, Economics, or related field

High school diploma or GED

Tools

Power BI

Job description

Hybrid

Detroit, MI

Full time

R2600364

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

This role is located in our Detroit, MI office on a hybrid schedule, in office a few days weekly with some remote work.

The qualified candidate will support the Corporate Insurance Department part of Enterprise Risk. Candidate will be coordinate data requests for insurance submissions, analyze risk data and industry trends, develop reporting for senior leadership and assist in the negotiation, construction and maintenance of corporate insurance programs.

The Work Itself

Risk Assessment and Analysis

• Engage directly with Business Line to understand business offerings, processes and procedures; work effectively with Business Line associates while maintaining independence necessary to fulfill IRM’s review and effective challenge responsibilities
• Assist with identification of risks and develop strategy for sufficient mitigants and controls
• Analyze data trends to detect irregularities in underwriting, claims, premium calcs., etc.

Process and Control Improvements

• Maintain an understanding of Ally’s monitoring and testing approach, methodology and tools/technology
• Test the design and effectiveness of internal controls and recommend enhancements
• Identify opportunities to streamline monitoring processes through automation/PBI
• Support initiatives to strengthen risk management frameworks

Issue Reporting and Resolution

• Collaborate with stakeholders to resolve issues and implement corrective actions
• Validate issues to ensure the action plan effectively addresses the problem and provides a stable, long-term solution for remediation
• Track reported tasks until resolution

Reporting and Documentation

• Documenting findings from tests and monitor activities in clear and concise manner
• Develop detailed reports for internal stakeholders
• Provide recommendations for process improvements and/or procedural enhancements based on tests and findings

Governance

• Monitor and drive Business Line adherence to enterprise policies and provide independent review and challenge of Business Line policies, standards and procedures
• Support creation and implementation of Enterprise Insurance Risk Policy, and related standards, procedures, or committee charters

Preferred Qualifications

• Bachelors (or higher) degree in Accounting, Finance, Business Administration, Economics, or other related field of study
• 1+ years of relevant experience within the financial services and/or insurance industries preferred. Industry certification preferred (CPCU, ARM, etc.)
• Experience performing testing and/or monitoring activities
• Ability to interact with a variety of internal and external people in a professional manner that creates confidence in his/her knowledge and abilities and helps foster mutually satisfactory resolution to risk gaps and issues
• Ability to make recommendations to maximize efficiency and effectiveness
• Knowledge of and experience with developing and implementing risk management related processes
• Familiarity with risk and control concepts
• Excellent analytical and organizational ability
• Ability to multi-task and adapt to a changing and developing environment
• Proficiency in MS Office applications, including Outlook, Word, Excel and PowerPoint
• GRC – Tool Familiarity

Minimum Qualifications

• 1+ years of 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.

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.

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

$55,000.00 - $95,000.00

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)