CRA Investment Analyst

Ally Financial only succeeds when its people do—and that’s more than a cliché. We see our people as individuals with interests, families, friends, dreams, and causes that matter. Our focus is on the health and safety of our teammates, 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.

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.

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.

The Analyst – CRA Investments will support the ongoing management of Ally’s CRA investment portfolio, which includes investments in small business investment companies (SBICs), community development venture capital (CDVC) funds, and affordable housing and preservation funds. This role provides hands-on exposure to CRA-eligible investments, underwriting fundamentals, and portfolio monitoring within a collaborative team environment.

Responsibilities

• 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.
• 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.
• 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.
• 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.

Qualifications

• Minimum Qualifications:
  • 1+ years of experience.
  • High school Diploma or GED equivalent.
• 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.

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: Industry-leading 401K retirement savings plan with matching and company contributions, student loan pay downs, 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 compensations: Depending on the role, you may be eligible for travel allowances, relocation assistance, a signing bonus, and/or equity.

Pay

Base Pay Range: $55,000 - $95,000 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. This position is eligible to participate in our annual incentive plan.