Model Validation Manager

Employment Type

: Full-Time

Industry

: Miscellaneous



Job Description


The Senior Model Validation Analyst is responsible for executing best-practice model validation activities to ensure models across Ally are conceptually sound relative to their intended use and performing appropriately.

Job Responsibilities

  • Validate the performance and controls of models across Ally. 
  • Document and present findings to model validation manager. 
  • Provide input to model risk management framework for Ally, including annual validation plans, model inventory, and model risk ranking. 
  • Develop and maintain effective partnerships with participants / stakeholders within Ally's model risk management community.
  • Qualifications

    Education

  • Master's degree in finance, economics, statistics or related field required, Ph.D. preferred
  • Experience

  • 2 - 5 years in financial services industry; model validation-specific experience highly desired
  • Technical Competencies 
  • Familiarity with market, credit and/or operational risk measurement methodologies and quantitative analytics 
  • Ability to assess model conceptual design, back-testing of model results, theoretical underpinnings and assumptions, model owner controls over data flows, model execution, and compliance of model results with intended application by model users 
  • Demonstrated analytical approach to complex processes 
  • Personal Competencies

  • Adept at working in a multi-faceted organization 
  • Strong written and verbal communication skills
  • Physical Requirements

  • Must be able to perform essential responsibilities with or without reasonable accommodation.
  • Business Unit/Enterprise Function Description

    Ally Financial's Risk function manages and analyzes Ally's exposure to internal and external risk factors. The function strives to achieve an appropriate balance between risk and return, to limit unnecessary risk, and to protect the company's financial returns.

    Total Rewards

    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: benefits to help you plan for the near and long term including 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 family stay on track physically, socially, emotionally and financially.
  • Building a Family: adoption, surrogacy and fertility support as well as benefits that help you take care of your family -- parental and caregiver leave, back-up child and adult/elder day care program and child care discounts.
  • Work-Life Integration: other benefits including LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.
  • Ally is an Equal Opportunity Employer

    We extend equal employment opportunities to qualified applicants and employees on an equal basis regardless of an individual's 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.



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