Summer 2025 Internship - Audit

General information

Career area
Audit

Work Location(s)
1100 Virginia Drive, PA, 500 Woodward Avenue, MI, 601 S. Tryon Street, NC

Remote?
No

Ref #
17738

Posted Date
Thursday, June 6, 2024

Working time
Full time

Ally and Your Career

Ally Financial only succeeds when its people do - and that's more than some clichpeople 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?

Work Schedule: Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. 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.

The Opportunity

We're an online bank, so we need exceptional people to keep us up and running. That's where you come in to play. Test out the tools in your educational toolbox and learn some new skills along the way with a 10-week paid internship with us.

Your internship with Ally will move you from Educated to Experienced; connecting you with diverse teams and functions across the country. 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. #LI-DNP

The Audit Internship is designed to build technical internal audit skills, professional development skills, and financial services industry knowledge to explore a career with Ally's Audit Services. Audit Services contributes to Ally's success by providing stakeholders with timely, relevant, and objective enterprise-level perspectives and assurance regarding the effectiveness of governance, risk management, and internal control. Audit teams are organized to support Ally's major business units and corporate functions and operate in accordance with the International Professional Practices Framework of the Institute of Internal Auditors (IIA).

Group training and hands-on opportunities will focus on achieving a working knowledge of internal audit while developing skills pertaining to assessing risks, understanding internal controls, analyzing information / data, documenting workpapers, and effective communications (written and oral). The internship also focuses on preparing students to transition from "campus to corporate" by developing skills such as networking, presenting, coaching and feedback, leading 1 on 1 discussions with their manager.

Areas of Opportunity:

• Information Technology Audit: This team focuses on two primary areas, Information Protection and Risk Management (IPRM) and Enterprise Technology Operations (ETO). These areas support the enterprise and play critical roles in establishing the infrastructure behind Ally's digital enablement and cybersecurity program. Additionally, the Technology audit team is responsible for ensuring applications supporting all of Ally's business units are configured and operating effectively to ensure systems are available and data is kept safe.
• CFO Group Audit: This team focuses on audits of the CFO organization which includes key business lines and functional activities, such as, Forecasting, Planning and Analysis, Corporate Controller, Investor Relations, Modeling and Analytics, and Treasury. In addition, this audit team is responsible for projects over the Market and Liquidity Independent Risk functions.
• Compliance and Legal Audit: This team is responsible for auditing Enterprise Compliance and Regulatory Affairs (ECRA), Legal and Business Administration.In addition to performing audits and ongoing monitoring of these areas, the Compliance and Legal Audit Team is also responsible for the Compliance Center of Excellence (COE) within Audit which includes coordinating and collaborating across the audit department to provide subject matter expertise, assistance and guidance related to compliance specific topics.
• Risk Audit: This team is responsible for auditing the enterprise risk function (e.g. Risk Appetite, New Product, Risk Governance, etc.) and certain independent risk management departments of Ally (e.g. Model Risk, TPRM, etc.). The risk functions that the Risk Audit Team reviews, manages and analyzes Ally's exposure to various risks, by establishing enterprise-wide programs and providing oversight to support adherence to those programs. The Risk Audit Team evaluates the adequacy/effectiveness of these programs including the oversight/support activities.
• Auto Finance and Insurance Audit: This team focuses on audits in the auto finance and insurance departments at Ally. The Auto Finance side of this department focuses heavily on the automotive lending business Ally has, Ally's agreements with third parties in the automotive space, and Ally's automotive platforms. The insurance side of this department focuses primarily on the insurance products Ally offers and helps our clients finance with their lending agreements.
• Consumer and Commercial Banking Products Audit: This team is focused on audits covering the core operations of key CCB business lines including Deposits, Ally Invest, Mortgage, and Community Reinvestment Act (CRA).The CCB team is also responsible for auditing functions such as Customer Care & Experience (CCE) and Marketing & Public Relations, which support each of Ally's core businesses.

The Details

• Program Start Date: May 20, 2025
• Program End Date: August 1, 2025
• In-Person Internship with flexibility
• 40 hours a week
• Market competitive compensation
• Location: Detroit, MI, Charlotte, NC, or Fort Washington, PA

The Work Itself

• Attend formal company orientation and training
• Participate in executive speaking series
• Have hands on experience in area of study; as well as participate in project-based work
• Participate in an Employee Resource Group mentoring program
• Lead an end of assignment presentation
• Leadership and career development
• Networking opportunities

The Skills You Bring

• A rising Junior or Senior (during the time of internship) in a full-time undergraduate program
• Previous internship experience, extracurricular activities, and leadership experience is preferred
• A passion for the financial services and technology 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 now or in the future

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. 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: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date)
• 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 Watchersprogram 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: ;/li>

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 ;br>
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 Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.

Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.