Manager, IRM Mortgage Credit Risk Manager (Hybrid- In Office/WFH).General informationCareer areaMortgageWork Location(s)601 S. Tryon Street, Charlotte, NCRemote?NoRef #12365Posted DateWednesday, June 1, 2022Working timeFull-timeAlly and Your CareerAlly 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 OpportunityThe Mortgage Credit Risk team within the Independent Risk Management (IRM) function is responsible for the review and challenge of all Mortgage Business Line credit risk activities to ensure credit risk is being managed in a safe and sound manner.The Mortgage Credit Risk Testing and Monitoring Manager will ensure the Mortgage Business Line is originating and purchasing high quality loans that meet Ally’s underwriting guidelines. This is done by evaluating of all aspects of the Business Line’s credit-related transaction testing program, credit-related procedures, and proposed underwriting guideline changes.The Work ItselfReview Business Line transaction testing plan for coverage and sufficiency
Reperform samples of Business Line transaction testing semi-annually to ensure adherence to underwriting guidelines.
Review and challenge Business Line test scripts
Review and challenge the completeness and accuracy of Business Line reporting, remediation, and escalation activities
Evaluate of the design and effectiveness of Business Line procedures, programs, and processes that impact credit risk
Report results of review and challenge activities to the Chief Credit Risk Officer, the Mortgage Business Line Executive, and other key stakeholders
Review proposed underwriting guideline changes and recommend changes or improvements
Involvement in the analysis of Business Line proposals for new products
The Skills You Bring5+ years of experience, with a preference for mortgage underwriting, testing and monitoring, or consumer credit risk experience
Knowledge of Fannie Mae, FHA or typical jumbo loan underwriting guidelines strongly preferred
Proven track record of achieving objectives and managing issues through to resolution
Self-motivated, willing to take initiative, and capable of working independently
Solid written and verbal communication skills, strong analytical and critical thinking skills, and a strong desire to perform
Bachelor’s Degree preferred
Proficient in MS Office Products
How We'll Have Your BackAlly'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 firstname.lastname@example.org. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.<