Economist

Ally Financial
Charlotte - United States
S: Competitive

Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise with the opportunity, experience and people to redefine the industry. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking.

Business Unit/Global Function Description

Ally's Treasury organization is a key component of our funding strategy that continues to build a world class culture that engages a vibrant team of professionals that contribute to the growth and development of our thriving Ally Bank. The Treasury organization includes the Capital Management, Balance Sheet Management, Global Functions and Liquidity, Structured Funding and Bank Relations, Treasury/Capital Markets Operations, and the Treasury Program Management strategic areas of our organization. Our Treasury professionals are responsible for effectively managing the balance sheet, capital ensuring that our organization supports profitability and growth.

Position Description

The Senior Economist will lead the company's macroeconomic modelling efforts, as a member of the Ally Economics team. This includes leading the development, documentation, operation, and maintenance of economic models to forecast and stress various U.S. and global economic, industry and financial market time-series measures. Model output will be used in direct support of the company's finance and risk forecasting processes, as well as periodic stress tests, including CCAR / DFAST activities. In this role, the Senior Economist will also be responsible for the development of junior economists' modeling capabilities.

Job Responsibilities

Responsible for developing, documenting, operating and maintaining econometric models to forecast various U.S. and global economic and financial market measures
Develop and maintain economic forecasting models to support finance and risk forecasting processes
Develop and maintain economic stress models to support stress tests, including CCAR / DFAST
Lead and develop junior economists supporting forecasting processes.

Qualifications

PhD in Economics is required
Minimum 5 years of experience building economic forecasting models with a financial services firm or Federal government agency is required
Advanced familiarity with SAS is required
Advanced experience with time-series econometrics
Experience with economic modeling processes, such as Vector Autoregressions, ARIMAs, Seemingly Unrelated Regressions, Systems of Simultaneous Equations, Principal Components Analysis, is required.
Must have ability to effectively communicate both in written form and verbally with senior level executives
Must be able to interact effectively with leadership and external parties to explain models

Job summary