General information
Ref # 22587
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
Reporting to the BSM Data Analytics Manager, the Treasury Analyst II is responsible for supporting the Current Position which is the foundation of all Balance Sheet Management (BSM) modeling across NII forecasting and interest rate risk positions as well as ad hoc projects which back the accuracy of BSM projections.
The Data Analytics team is responsible for:
Populating monthly ending positions for all line items on Ally's balance sheet
Ensuring the attributes, contractual features and other metadata assigned to all positions will ensure accurate forecast and risk modeling
Performing root-cause analysis to understand drivers of the NII forecast and Interest Rate Risk variances
Researching ad hoc analysis for new products, new modeling, strategic initiatives, and overall trends for all balance sheet products, including capital markets, funding desk transactions as well as the Auto, Corporate Finance and Consumer Bank business units
The Work Itself
Core Responsibilities including applying sound technical knowledge (specific responsibilities will vary depending on the aligned functions/area):
Variance analysis of Net Interest Income (NII) of actual data vs forecasted assumptions
Interest Rate Risk position analysis vs prior current position
Work closely with all lines of business across Ally, various finance, data, BSM, Capital Markets and Treasury teams for assumptions and analytics
Accurately source and transform data using SQL, VS Code (Python), and Excel
Support initiatives to automate data sourcing and delivery with other Treasury teams
Responsible for reporting on Current Position roll forward and corresponding impacts as well as various other team initiatives and projects
Strategic and ad-hoc analysis as needed
The Skills You Bring
Minimum Qualifications
1+ years of experience
High School Diploma or GED equivalent
Preferred Qualifications
Bachelor's degree, preferred degree in quantitative discipline such as engineering, mathematics, computer/data science, economics, or finance
Exhibit a strong work ethic and high degree of self-motivation with strong attention to detail
Analytical capabilities to review large data sets and understand drivers of variances, solving for key factors in output changes
Ability to research and understand financial instruments and products as well as their behavioral setup within QRM databases and excel models
Desire to pursue advanced finance programs (CFA, master's in finance, etc.) or advanced certifications and degrees
Ability to communicate effectively Increasing ability to work with limited supervision while applying previous experience to execute moderately complex tasks
Advanced MS Excel (Index Match, pivot tables, etc.) and PowerPoint skills
Developing technical expertise, business and industry knowledge, and process and leadership capabilities
Developing project management, analytical and judgment skills and the ability to influence others and build consensus
SQL and Python knowledge, a plus
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: 55000
Experienced: 75000
Expert: 95000
Incentive Compensation: This position is eligible to participate in our annual incentive plan
