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Ally · 12 hours ago

Senior Analyst - Business Line Regulatory Controls

Detroit, MI

Full-time

Hybrid

Mid, Senior Level

$70K/yr - $120K/yr

3+ years exp

Ally Financial is a customer-centric, leading digital financial services company. They are seeking a detail-oriented and proactive Senior Regulatory Analyst to join their compliance team, focusing on supporting regulatory compliance for garage insurance products and providing expertise in F&I filings and research.

AutomotiveFinanceFinancial Services

Responsibilities

Prepare, review, and submit regulatory filings for garage insurance and F&I products, ensuring accuracy and timeliness

Monitor and analyze regulatory changes to assess the need for revisions to proprietary products, ensuring compliance and competitiveness

Deliver prompt, articulate responses to state insurance department objections, maintaining strong regulatory relationships

Conduct research on regulatory changes, industry trends, and best practices to support compliance initiatives

Collaborate with internal stakeholders (legal, underwriting, product, and sales teams) to ensure compliance with applicable laws and regulations

Develop and maintain compliance documentation, policies, and procedures related to garage insurance and F&I filings

Respond to regulatory inquiries and coordinate responses to regulatory examinations or audits

Provide training and guidance to team members on regulatory requirements and compliance processes

Track and report on the status of filings, regulatory developments, and compliance projects

Act as the department's expert on compliance topics and address queries from independent risk management, internal audit, and regulators

Lead efforts to advance the Governance Strategy by establishing robust frameworks that enhance business governance and operational efficiency

Work closely with Insurance leadership to support strategic initiatives that drive business growth and operational excellence

Qualification

Insurance complianceRegulatory analysisSERFF experienceAnalytical SkillsCompliance management systemsProject ManagementProcess ImprovementCommunication SkillsProblem-solving skills

Required

3+ years of experience required

High School Diploma or GED equivalent required

Solid understanding of industry regulations and compliance requirements for commercial property and casualty insurance products

Experience preparing and submitting insurance filings (e.g., rates, forms, licenses)

Excellent research, analytical, and problem-solving skills

Strong written and verbal communication skills

Ability to manage multiple projects and deadlines in a fast-paced environment

Proficiency with compliance management systems (SERFF experience required) and Microsoft Office Suite

Project Management: Capable of managing multiple projects at once, ensuring they are completed on time and meet strategic goals

Analytical Skills: Skilled in conducting competitive analysis and interpreting complex data to support informed decision-making

Communication Skills: Excellent ability to communicate effectively with stakeholders, clients, and team members

Process Improvement: Outside the box thinking to refine/enhance existing processes and practices

Preferred

Bachelor's degree in Business, Finance, Law, or related field; advanced degree or professional certification (e.g., CPCU, AICP) preferred

3-5+ years of experience in insurance compliance, regulatory analysis, or a related field, with a focus on garage insurance and/or F&I products preferred

Benefits

Time Away: Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).

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 pay downs and 529 educational save up assistance programs, tuition reimbursement, employee stock purchase plan, and financial learning center and financial coach access.

Supporting your Health & Well-being: flexible health and insurance options including medical, dental and vision, employee, spouse and child life insurance, short- and long-term disability, pre-tax Health Savings Account with employer contributions, Healthcare FSA, critical illness, accident & hospital indemnity insurance, 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 assistance as well as paid parental and caregiver leave, Dependent Day Care FSA back-up child and adult/elder care days and childcare discounts.

Work-Life Integration: other benefits including Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.

Other compensations: depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus and/or equity.