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
This role is based out of our Sandy, Utah office on a hybrid or remote schedule.
Ally’s Community Reinvestment Act (CRA) team is a highly specialized group dedicated to positively impacting communities across our assessment area through CRA-qualifying loans, investments, and services. While compliance with the CRA is a regulatory requirement for all FDIC‑insured banks, Ally the CRA program is mission-driven and central to how we support affordable housing, community services, economic development, and neighborhood revitalization.
The Analyst – CRA Investments will support the ongoing management of Ally’s CRA investment portfolio, which includes investments in small business investment companies (SBICs), community development venture capital (CDVC) funds, and affordable housing and preservation funds. This role provides hands-on exposure to CRA‑eligible investments, underwriting fundamentals, and portfolio monitoring within a collaborative team environment.
The Work Itself
The Analyst– CRA Investments will report to the Senior Director/Director – CRA Investments and provide analytical and administrative support across the CRA investment lifecycle, including the following responsibilities:
Investment Due Diligence and Underwriting Support
- Assist with due diligence on new Community Development (CD) equity investments by conducting background research, industry reviews, and financial analysis
- Support the preparation of internal investment memos, exhibits, and supporting materials for internal approval processes
- Help coordinate the collection and organization of diligence materials from external partners and internal stakeholders
- Support transaction closings through administrative and documentation assistance
Portfolio Management and Monitoring
- Assist in the review, organization, and tracking of fund reporting documents and CRA monitoring data
- Help maintain portfolio trackers, calendars, and documentation related to reporting, capital calls, and distributions
- Support analysis of ongoing CRA qualification requirements for existing investments
- Assist with processing capital calls and distributions and coordinating with internal partners on cash flow tracking
Process, Reporting, and Team Support
- Support the preparation of materials for internal meetings, CRA reporting, and governance activities
- Identify opportunities to improve documentation, tracking, and internal processes under the guidance of senior team members
- Maintain organized records and files to support audit, exam, and internal review readiness
- Participate in Ally Bank’s community outreach programs, including volunteer activities, to support community development service hour requirements
Professional Development
- Build knowledge of CRA regulations, community development investment structures, and industry best practices
- Stay informed on general market and industry trends related to community development finance
- Perform other duties as assigned by the Senior Director/Director – CRA Investments or CRA Officer
The Skills You Bring
- 1+ years of experience
- High school Diploma or GED equivalent
- Bachelor's degree in business or related major
- 1-3+ years of banking, investment, risk, compliance, or CRA experience
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Strong sense of community and desire to be part of a giving-back culture
- Strong organizational skills and ability to follow through, and keen attention to detail
- Thorough investigative and problem-solving skills and meticulous record keeping skills
- Ability to work both independently and cooperatively on project teams
- Intermediate proficiency in Excel and other MS Office software
- SharePoint / MS Teams experience preferred
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:
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Time Away: competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
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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.
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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.
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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.
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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 [email protected]. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
