The Credit Risk Director is responsible for the design and implementation of independent Risk Management's (IRM) monitoring of and reporting on performance of the Consumer unsecured loan portfolio. In addition, the role will develop and execute a risk-based annual testing plan; including, documenting and communication results, and escalating issues as necessary. Position will be the primary contact point for review and challenge of Business Line (BL) credit related activities.. Job Responsibilities. Build-out a comprehensive credit risk testing plan for the unsecured portfolio. Set criteria for testing the effectiveness of credit related controls and independently test the effectiveness of those controls. Execute a risk-based annual testing plan; report on results and escalate issues as necessary. Recommend ad hoc testing based on changes in the credit / business environment or observed portfolio weakness. Build-out and execute a comprehensive portfolio monitoring and reporting process; identifying and measuring credit risk, focusing on emerging trends and key credit metrics, publishing findings in a concise and focused manner. Review and challenge material estimates and/or the processes that provide estimates used in managing the BL, including loss forecast, ALLL, stress tests, loss assumptions, and credit decision strategies. Provide an independent view and 'effective challenge' to BL credit risk management activities through active engagement with BL peers and BL operating routines. Review and challenge BL credit policies, standards, and procedures. Review and challenge BL internal credit risk rating systems and ratings; consistency of those ratings and underwriting criteria. Approve/disapprove credit policy exceptions. Review and challenge BL loss mitigation strategies, credit risk related controls, and monitoring and testing routines. Monitor conformity with enterprise credit policies. Escalate credit concerns to the Chief Credit Risk Officer. Manage performance and development of assigned team. Provide strategic direction and strong leadership for assigned area. Qualifications. 8+ years pertinent experience in credit risk management or applicable BL with emphasis on unsecured lending products. Strong knowledge of common risk management methodologies. Well-developed analytical and problem-solving skills and experience. Advanced analytical, writing and presentation skills. Advanced knowledge and capabilities with the Microsoft suite of products; expertise using VBA, Power BI, SQL and SAS. Proven track record of achieving business objectives, particularly during times of organizational change and challenge. High level of personal integrity, with the ability to handle matters professionally, and with the appropriate level of judgement and maturity. Advanced consultative skills with the ability to build collaborative relationships with all levels of an organization. Proven ability to manage issues through to resolution; skilled at making sound judgment calls. Strong presence to interact with senior management, regulators, affiliates, and other third parties. BS/BA required, advanced degree strongly preferred. Ally Overview. Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally's legacy dates back to 1919, and the company was redesigned in 2009 with a distinctive brand, innovative approach and relentless focus on its customers. Ally has an award-winning online bank (member FDIC), one of the largest full service auto finance operations in the country, a complementary auto-focused insurance business, a growing digital wealth management and online brokerage platform, and a trusted corporate finance business offering capital for equity sponsors and middle-market companies.. Business Unit/Enterprise Function. Ally Risk function manages and analyzes our exposure to internal and external risk factors. The group strives to achieve an appropriate balance between risk and return, to limit unnecessary risk, and to protect the company's financial returns.. Total Rewards Information. Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Plus, we have a flexible paid-time-off program including time off for volunteer opportunities. Ally's Total Rewards Program is designed to enrich your life at work - and outside of it and includes:. Industry-leading 401K retirement savings plan with matching and company contributions. Wellness program encouraging healthy living with financial rewards. Flexible health insurance options including dental and vision. Pre-tax Health Savings Account with generous employer contributions. Pre-tax commuter benefits. Other work-life integration benefits including parental and caregiver leave, adoption assistance, backup child and adult/elder day care program, child care discounts, tuition reimbursement, LifeMatters(r) Employee Assistance Program, subsidized and discounted Weight Watchers(r) 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.. Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering fin... Associated topics: broker, brokerage, buy, dow jones, financial, ira, purchase, security, s p, trader
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