Senior Quantitative Model Developer

2 weeks ago

Atlanta, United States Ally Full time

General information

Ref # 17601

Remote? No

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 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 Opportunity

The Senior Quantitative Model Developer will collaborate in the development of complex quantitative models and analytical tools used for credit and interest rate risk management, cash flow generation, and scenario analysis. The individual will be involved in data extraction and preparation, model specification and performance testing, documentation, ongoing model performance monitoring, both leading and supporting the development team throughout the model validation process, and partnering with the line of business and independent risk management teams.

The Work Itself

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

The Skills You Bring

  • MS in a quantitative field (e.g., economics, statistics, operations research, quantitative finance) plus relevant experience required, or a PhD in a quantitative discipline. Experience in authoring quantitative research articles is a plus.
  • 7+ years of model development experience in the financial services industry, preferably with experience in cash flow analysis, optimization techniques, familiarity with financial modeling, time series, stress testing (DFAST/CCAR), attribution, and scenario analysis.
  • Strong mathematical, statistical, computational skills. Prior model development experience in the financial services industry is preferred, especially experience in the auto industry or other consumer and small-business lending products. Experience with loss forecasting, mathematical finance, and/or behavioral modeling relating to bank assets and liabilities is a strong plus.
  • Knowledge of financial service products and risk characteristics, with preference for familiarity with the model validation process.
  • Excellent team player with the ability to influence and negotiate.
  • Effective in delivering solutions in a dynamic fast-paced environment.
  • Excellent attention to detail a must.
  • Excellent verbal, written, and interpersonal communication skills.

Computational/Software Skills

  • Expertise in one or more programing languages that support statistical computing, such as R or Python.
  • Experience in SQL required. Experience with big data is a strong plus.
  • Experience in Unix, Scala, Spark, Hadoop, dashboard technologies, LaTeX, Markdown, continuous integration technology is preferred.
  • Ability to learn and contribute to group DevOps processes involving software development, code refactoring, unit testing, and code reviews.

How We'll Have Your Back

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 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 work@ally.com. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.

Base Pay Range:

Emerging: 135000

Experienced: 185000

Expert: 235000

Incentive Compensation: This position is eligible to participate in our annual incentive plan

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