Ally Financial

Principal - Data Scientist

Job description

General information

Career area
Financial Analysis
Work Location(s)
500 Woodward Avenue, Detroit, MI, 601 S. Tryon Street, Charlotte, NC, Work From Home, Remote, NC
Ref #
Posted Date
Tuesday, November 23, 2021
Working 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?

The Opportunity

  • The Data Scientist will be responsible for assisting in the development of machine learning and artificial intelligence solutions within the Advanced Analytics team. This includes the statistical analysis of data; building and applying quantitative models; helping develop tools deployed within the bank. Applications include detection of low-probability events in fraud, and loan pricing and acceptance rates.

The Work Itself

  • Conduct statistical modeling and analysis of customer data in applications such as real-time fraud detection and loan pricing
  • Work closely with lines of business to determine their modeling needs
  • Focus on applying machine learning techniques, data mining, performing statistical analysis, and building high quality prediction systems integrated with our products
  • Responsibilities include building models, analyzing large transactional and behavioral level data sets, clustering and segmentation analyses as well as broad business analyses
  • Investigate new approaches, modeling techniques and uses of both batch and streaming data on Ally's big data platform

The Skills You Bring

  • 5+ years of experience and Master’s degree in quantitative field, such as Statistics, Math, Engineering or similar field of study or equivalent experience
  • PhD preferred
  • Strong knowledge of statistical programming packages; Python preferred
  • Experience in the financial industry is not required
  • Experience with linear and logistic regression, time series analysis, decision trees, survival analysis, designs of experiment, mathematical programming and other quantitative techniques; experience modeling rare events a plus; experience with fraud analysis a plus
  • Experience working with real time data and deploying models in a real time scoring environment
  • Ability to analyze and synthesize complex data into clear action-oriented recommendations for the business
  • Comfort level with ambiguity and ability to manage multiple projects at the same time
  • Ability to communicate analytical insights clearly and concisely to individuals from across the organization

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

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

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