Lender Finance Portfolio Management Intern
General information
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
- Your internship with Ally will move you from Educated to Experienced; connecting you with diverse teams and functions across the company. You will have the opportunity to interact with Ally's leadership and learn from their personal successes. The Ally internship program seeks to guide and mentor students with development opportunities designed to provide a bridge between the academic world and the world of business. You will gain exposure to real time processes that determine commercial credit extension and asset valuation decisions.
The Work Itself
- Work with the Portfolio Management team in the Lender Finance business within Ally Corporate Finance to help manage a portfolio of commercial loans provided to non-bank financial institutions.
- Learn the processes and procedures for evaluating loan performance and compliance.
- Gain exposure to the the fundamentals of credit analysis for both asset-based and cash flow lending products by helping prepare credit approval memoranda and attending meetings of the Corporate Finance Risk Committee.
- Travel to New York to meet with the Lender Finance underwriting team and the Corporate Finance executive leadership team.
The Skills You Bring
- Demonstrates a background and/or strong interest in the Financial Services industry.
- A rising Junior or Senior in a full-time undergraduate program. (Graduating after May 2022)
- Maintain a GPA of at least 3.0. Strong candidates will possess strong leadership, interpersonal and communication skills.
- A passion for the financial services industry is strongly preferred.
- Candidates should reside in a commutable distance from the Ally location to which they are assigned.
- Eligible to work in the US for any employer without sponsorship from the company.
- Internship Dates: May 16 - August 5, 2022
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 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.
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 work@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.