General information
Ref # 22419
Remote? No
Ally and Your Career
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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?
The Opportunity
This role is on a hybrid schedule in office some each week with some remote work. This role will be in our Detroit, Michigan or Charlotte, North Carolina office. Some travel required currently a few times per year.
Senior Counsel will report to the Assistant General Counsel supporting Ally's Deposits business, who reports to the Deputy General Counsel - Business Line Lead. This Senior Counsel position will focus primarily on providing legal advice to identify and mitigate legal risk associated with the provision of consumer deposits products, including digital payments processes, fraud and financial crime, marketing, and customer care and advocacy. The Senior Counsel will also work collaboratively on a team of legal professionals supporting Ally's Consumer Banking business including special Consumer Bank projects, as well as stay informed of changes and developments in consumer banking laws and regulations.
The legal support will include review of various business initiatives, marketing, contract review, complaints, and regulatory changes.
The Work Itself
Senior Counsel will collaborate closely with the Assistant General Counsel to provide legal guidance on Ally's deposits operations and business initiatives, including:
Provide practical and prompt legal guidance on legal risks and issues.
Review escalated complaint responses.
Review marketing strategies and marketing campaigns.
Review internal policies and training materials.
Help negotiate vendor contracts.
Serve as a trusted business partner and creative problem-solver.
Collaborate with other members of the Legal and Compliance Staff and Government Relations team, as needed.
The Skills You Bring
Minimum Qualifications:
Law Degree from a reputable law school.
Bar membership in good standing required to practice law in designated/required jurisdiction.
7 years of relevant experience or equivalent combination of education and experience.
Preferred Qualifications:
Juris Doctor from a top tier law school
Bar membership in good standing
Ideal candidate will have 3+ years' experience in law firm, corporate legal office, or government regulator.
Knowledge of relevant federal statutes and regulations, including CFPA, UCC, TISA, ESIGN, TCPA, and FCRA as well as relevant state consumer protection laws preferred.
Experience in financial services preferred.
Ability to independently manage multiple assignments in a high-volume environment.
Alignment with Ally's culture, including a contagious enthusiasm for serving others, being inclusive, and excelling together.
Unquestioned reputation for ethical conduct and integrity
Exemplary written and oral communication skills
Intellectual curiosity and entrepreneurial zeal
Strong work ethic and ownership, goal-oriented mentality
Intellectual curiosity and entrepreneurial zeal
Strong work ethic and ownership, goal-oriented mentality
LI- Hybrid
How We'll Have Your Back
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Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. But Ally's total compensation - or total rewards - extends beyond your paycheck and is designed to support and enrich your personal and professional life, including:
Time Away: competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
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 and 529 educational assistance programs, tuition reimbursement, and other financial well-being programs.
Supporting your Health & Well-being: flexible health and insurance options including dental and vision, pre-tax Health Savings Account with employer contributions 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 support as well as parental and caregiver leave, back-up child and adult/elder day care program and childcare discounts.
Work-Life Integration: other benefits including LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.
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.
Where permitted by applicable law, must have received or be willing to receive the COVID-19 vaccine by date of hire to be considered, if not currently employed by Ally.
We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at work@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:
An individual's position in the range is determined by 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.
Emerging: 110000
Experienced: 145000
Expert: 180000
Incentive Compensation: This position is eligible to participate in our annual incentive plan
