CRA Investment Analyst

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 the 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.

The Analyst– CRA Investments will report to the Senior Director/Director – CRA Investments and provide analytical and administrative support across the CRA investment lifecycle, including the following 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

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, and 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

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.