Testing and Governance Analyst - Insurance Risk

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.

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

• 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.

• 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

• 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

• 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

• 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

• 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…