Insurance Business Line Risk Testing Analyst II

General information

# 21481

Remote? No

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 BL Risk Testing Analyst II plays a key role in supporting the development and execution of business process testing and monitoring activities for the Insurance business line. The position is responsible for executing testing and monitoring of assigned areas. Execution of testing includes identifying and assessing process risks and controls, flowcharting business processes including identifying and evaluating the design and operational effectiveness of controls, executing tests, documenting results, assessing review findings and making initial determination of reportable issues.

During the process, completes work in accordance with Ally Financial testing and monitoring methodology.

• Independently execute assigned testing activities, including test of controls and validation/transactional testing
• Support program planning and execution
• Develop, execute and document testing in accordance with policies and procedures
• Utilize sound analytical and technical skills to provide consultation regarding emerging control practices.
• Analyze business process and internal control documentation and develop written summary of findings to review with Management.
• Identify root causes and provide meaningful recommendations.
• Perform ad hoc projects as assigned to assist in analyzing Ally's risk and control environment.
• Work within defined plans and schedules.
• Maintain open line of communication with management of assigned areas

• 1+ years of experience required
• High School Diploma or GED required
• 2+ years of work experience with a preference in testing, auditing or risk management preferred
• Bachelors (or higher) degree preferred
• Familiarity with Ally Insurance products or experience with F&I and/or P&C business preferred
• Strong project management skills
• Detail‑oriented, deadline driven, self‑directed and organized individual
• Strong written and verbal communications skills
• Strong understanding of risk and control concepts
• Ability to understand a range of processes within the Insurance business line
• Well‑developed analytical and critical thinking skills
• Experience in data analytics and analysis
• Proven ability to excel in highly interactive team environment
• Working knowledge of Microsoft Office applications (Word, Excel, and PowerPoint)
• Ability to travel (~5%)

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…