CRA Investment Analyst

About the role

This role is based out of our Sandy, Utah office on a hybrid or remote schedule. Ally’s Community Reinvestment Act (CRA) team is a highly specialized group dedicated to positively impacting communities across our assessment area through CRA-qualifying loans, investments, and services. While compliance with the CRA is a regulatory requirement for all FDIC‑insured banks, Ally’s CRA program is mission-driven and central to how we support affordable housing, community services, economic development, and neighborhood revitalization.

Responsibilities

• Investment Due Diligence and Underwriting Support
  • Assist with due diligence on new Community Development (CD) equity investments by conducting background research, industry reviews, and financial analysis
  • Support the preparation of internal investment memos, exhibits, and supporting materials for internal approval processes
  • Help coordinate the collection and organization of diligence materials from external partners and internal stakeholders
  • Support transaction closings through administrative and documentation assistance
• Portfolio Management and Monitoring
  • Assist in the review, organization, and tracking of fund reporting documents and CRA monitoring data
  • Help maintain portfolio trackers, calendars, and documentation related to reporting, capital calls, and distributions
  • Support analysis of ongoing CRA qualification requirements for existing investments
  • Assist with processing capital calls and distributions and coordinating with internal partners on cash flow tracking
• Process, Reporting, and Team Support
  • Support the preparation of materials for internal meetings, CRA reporting, and governance activities
  • Identify opportunities to improve documentation, tracking, and internal processes under the guidance of senior team members
  • Maintain organized records and files to support audit, exam, and internal review readiness
  • Participate in Ally Bank’s community outreach programs, including volunteer activities, to support community development service hour requirements
• Professional Development
  • Build knowledge of CRA regulations, community development investment structures, and industry best practices
  • Stay informed on general market and industry trends related to community development finance
  • Perform other duties as assigned by the Senior Director/Director – CRA Investments or CRA Officer

Preferred Qualifications

• Bachelor’s degree in business or related major
• 1–3+ years of banking, investment, risk, compliance, or CRA experience
• Strong sense of community and desire to be part of a giving-back culture
• Strong organizational skills and ability to follow through, with 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
• Intermediate proficiency in Excel and other MS Office software
• SharePoint / MS Teams experience preferred

Minimum Qualifications

• 1+ years of experience
• High school diploma or GED equivalent

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: 401(k) retirement savings plan with matching and company contributions, student loan paydowns and 529 educational savings 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
• 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: Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs
• Other Compensation: depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus and/or equity

Pay

Base pay range: $55,000.00 – $95,000.00. 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.