• Job Description

  Req#: 16108

  General information

  Career area

  Portfolio Management

  City

  Sandy, UT

  Work Location(s)

  CA, CA, FL, IL, NC, UT

  Remote?

  Yes

  Ref #

  21874

  Posted Date

  03-20-26

  Working time

  Full time

  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?

  
  

  Work Schedule: Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. Hybrid roles are generally expected to be in the office a certain number of days per week as indicated by your manager. Your hiring manager will discuss this role's specific work requirements with you during the hiring process. All work requirements are subject to change at any time based on leader discretion and/or business need.

  The Opportunity

  Ally’s Community Reinvestment Act (CRA) team is a highly specialized group within the B ank dedicated to positively impacting communities across our assessment area through CRA-qualifying loans, investments , and service s . All FDIC-insured banks are required to comply with the CRA . However, at Ally , CRA is not just a regulatory requirement; rather, it is a passion shared by the CRA team in manag ing a $ 5 + billion portfolio of loans and investments that finance affordable housing, community services, economic development, and neighborhood revitalization.

  The Manager – CRA Loan Portfolio Management will assist in the ongoing management of the CRA loan portfolio through proactive monitoring and oversight . The Manager will be responsible for the periodic preparation of credit scorecards to ensure consistent and accurate measurement of credit exposure. This role includes client interaction, managing portfolio risk, and adhering to policy and regulatory guidelines . The ideal candidate will combine strong financial analysis skills with in-depth knowledge of commercial credit portfolio manag e ment .

  
  

  At this time, Ally will not sponsor a new applicant for employment authorization for this position.

  The Work Itself

  • Manage the ongoing administration of a diverse portfolio of loans to borrowers , including financial intermediaries, focused on affordable housing , economic development, community services, and neighborhood revitalization , ensuring compliance with reporting, funding, and risk rating requirements in accordance with the bank’s CRA Procedures .
  • Establish and maintain a clean and reliable portfolio management program , working directly with clients to obtain required reporting timely . P rovide ongoing review s and reporting of credit quality, changes in risk, and compliance with loan covenants in accordance with the bank’s CRA Procedures. Conduct loan monitoring and asset quality assessments; prepare reports on portfolio performance for senior management.
  • Proactively manage credit risk and exposure for assigned portfolio, monitor collateral, initiate changes in risk ratings and ensure any modifications of loan terms or covenants are captured accurate ly on the bank’s loan servicing platform .
  • Monitor upcoming loan maturities and provide support, as needed, in underwriting and due diligence process for loan renewal s , including but not limited to , requesting necessary financial information and generating approval memorandums for temporary extensions.
  • Escalate and provide solutions for problem loans in partnership with other teams and specialists .
  • Oversee and process loan advance s , including construction loan draw requests, review and ensure accurate and timely application of loan payments, including payoffs along with satisfactory completion of corresponding legal documentation including lien releases.
  • Keep track of project timelines, delays, and proactively monitor construction portfolio to ensure satisfactory project progression.
  • Build and maintain strong relationships and effective communication with external customers and counterparties .
  • P articipate in Ally Bank’s community outreach programs, including volunteer and leadership opportunities with non-profit organizations, to contribute to the Bank’s CD service hour requirements
  • Support and prepare materials related to internal meetings, CRA activities , etc.
  • R epresent Ally Bank at industry and trade association groups , requiring occasional travel
  • Other duties, as assigned, in support of the bank’s CRA program and portfolio management activities

  The Skills You Bring

  Minimum Qualifications

  • 7+ years of relevant experience or equivalent combination of education and experience
  • High school Diploma or GED equivalent

  Preferred Qualifications

  • Bachelor's degree in business or related major
  • 5 + years of banking, investment, ris k, compliance, or CRA experience
  • Deep understanding of credit/financial analysis, portfolio management and risk assessment
  • Experience with managing or monitoring a loan portfolio, including risk ratings and covenant compliance
  • Intermediate proficiency in Excel and other MS Office software
  • SharePoint / MS Teams experience preferred
  • 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
  • Strong sense of community and desire to be part of a giving-back culture

  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. Our Total Rewards program includes industry-leading compensation and benefits plus additional incentives that are designed to meet your needs and those of your family so you can get the most out of your career and your life, including:

  • 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.
  • To view more detailed information about Ally’s Total Rewards, please visit this link: https://www.ally.com/content/dam/pdf/corporate/ally-total-rewards-snapshot.pdf

  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.

  We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at hrpolicy@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 : $90000 - $150000 USD

  An individual's position in the range is determined by the specific role, the scope and responsibilities of the role, work experience, education, certification(s), training, and additional qualifications. We review internal pay, the competitive market, and business environment prior to extending an offer.

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

• About the company

  Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan.

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