Senior Quantitative Model Developer

2 weeks ago


Raleigh, North Carolina, United States Ally Full time
Company Overview

Ally Financial is a top digital financial services company that prioritizes exceptional customer service and groundbreaking financial solutions. The company is dedicated to 'Doing it Right' and upholding its reputation as a reliable financial-services provider for consumer, commercial, and corporate clients.

Job Title: Senior Quantitative Model Developer

The Opportunity

We are looking for a Senior Quantitative Model Developer to join our team. In this role, you will work on developing complex quantitative models and analytical tools used for credit and interest rate risk management, cash flow generation, and scenario analysis. Your responsibilities will include data extraction, model specification, ongoing performance monitoring, and collaboration with various teams throughout the model validation process.

Key Responsibilities

  • Design, estimate, prototype/implement, test, document, and maintain highly complex quantitative models and analytical tools.
  • Develop model performance metrics and conduct ongoing monitoring.
  • Collaborate with different business units and risk partners for the successful development, validation, implementation, and execution of models.

Requirements

The ideal candidate should have a master's or Ph.D. in a quantitative field with experience in model development within the financial services industry. Strong mathematical, statistical, and computational skills are essential. Additionally, expertise in programing languages like R or Python is required, along with experience in SQL and big data.

What We Offer

  • Competitive base pay and performance incentives
  • Comprehensive benefits including holiday, flexible paid-time-off, and health insurance options
  • Support programs for financial well-being, family planning, and work-life integration
About Ally Financial

Ally Financial values diversity and inclusion in the workplace. We are an equal opportunity employer that welcomes applicants from various backgrounds. Ally is dedicated to fostering a supportive work environment and providing reasonable accommodations when needed.


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