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This role is on a hybrid schedule, in office weekly with some remote work . The location for this position will be Detroit, Michigan or Charlotte, North Carolina. Some travel required (1-4 times per year depending on location).
The Senior Counsel will report to the Assistant General Counsel supporting Ally’s Auto Finance underwriting operations, who reports to the Deputy General Counsel - Auto Commercial Services & Customer Delivery. This Senior Counsel position will be primarily focused on providing legal advice to identify and mitigate underwriting legal risk, including providing guidance on business practices that assess creditworthiness, reviewing proposed changes to underwriting policies, supporting the business in responding to regulatory inquiries or examinations, and staying informed of changes and developments in underwriting laws and regulations. The Senior Counsel will also work collaboratively on a team of legal professionals supporting Ally’s Auto Finance business, including special Auto Finance projects.
The legal support will include review of various business initiatives from an underwriting perspective, marketing, contract review, complaints, and regulatory changes.
The role will work closely with the Assistant General Counsel to provide legal guidance on Ally’s Auto Finance underwriting operations, business initiatives, and regulatory examinations, including:
- Provide practical and timely legal guidance on legal risks and issues
- Review escalated complaint responses
- Review marketing strategies and marketing campaigns
- Review internal policies and training materials
- Help negotiate vendor contracts
- Serve as a trusted partner and creative problem-solver
- Collaborate with other members of the Legal Staff and Government Relations team, as needed.
- Juris Doctor from an accredited law school required
- Bar membership in good standing
Additional qualifications:
- Ability to independently handle multiple assignments in a high-volume environment.
- Alignment with Ally's culture, including a contagious enthusiasm for serving others, being inclusive, and excelling together
- Unquestioned reputation for ethical conduct and integrity
- Exemplary written and oral communication skills
- Intellectual curiosity
- Strong work ethic and an ownership and goal-oriented mentality
- 2+ years’ experience in legal practice preferred
- Experience in regulatory law and contract negotiation preferred
- Knowledge of relevant federal statutes and regulations, including ECOA and FCRA, as well as relevant state credit underwriting and fair lending statutes and regulations preferred
- Experience in financial services preferred
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.
- $110,000 - $180,000
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