Stephanie Richard

Stephanie Richard

Chief Risk Officer

Ally

View LinkedIn Profile
Experience32+ Years
LevelCXO

Executive Overview

When I started my journey in banking more than 25 years ago, I never imagined what was ahead. As the Chief Audit Executive for what is now the nation's largest digital-only bank and a leading auto lender, it's been a privilege to play a role in nearly every critical milestone in Ally Financial’s recent history. Over the past two decades, we built a new company from the ground up, rebranded ourselves as Ally Financial with a promise to #DoItRight, implemented major regulatory requirements, went public, and tackled numerous product expansions and M&A. As a regulated bank seeking to disrupt the industry, we had to do audit differently. We reinvented our function to be dynamic, agile and forward-looking. We became a key advisor and partner to senior leadership and the Board. We embraced emerging technology - including launching a robust data analytics platform and a proprietary generative AI assurance tool. Along the way, we earned a reputation as a function that both protects AND advances Ally's digital evolution. We changed our perception of ourselves, and how others perceived us. As our chief technology leader Sathish Muthukrishnan says, “our audit team doesn’t slow us down, they help us accelerate.” Beyond advising the business, I have a passion for developing female leaders. From getting girls involved in STEM through Project Scientist, to empowering women through Dress for Success Charlotte, to mentoring students through WINGS, to leading Ally's Women's Employee Resource Group… I am passionate about helping women make long-term investments in themselves and building their courage and confidence to lead. I am also a proud graduate and supporter of Michigan State University and Wayne State University.

Career Timeline

Professional employment history
  • AllyCurrent
    Sep 1997–Present· 29 yrs
    • Chief Risk OfficerCurrent
      Nov 2024–Present
    • Chief Audit Executive
      Nov 2017–Nov 2024
    • Deputy Chief Risk Officer
      Dec 2016–Nov 2017
    • Enterprise Risk Executive
      Feb 2012–Dec 2016
    • Executive Director, Finance
      Apr 2008–Feb 2012
    • Chief Accounting Officer/Finance Director
      Oct 2005–Apr 2008
    • Senior Manager, Accounting and Treasury
      Sep 1997–Oct 2005
  • Apr 1994–Sep 1997· 3 yrs 5 mos
    • Senior Auditor
      Apr 1994–Sep 1997

Education

Master of Business Administration - MBA

Accounting and Finance

Wayne State University

Bachelor of Arts - BA

Accounting and Finance

Michigan State University

Executive Relationship Map

Reports To
Stephanie Richard
Vice Chair & President
Chief Financial Officer
Chief Technology Officer
Chief Operating Officer

Executive Network Preview

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Skills & Expertise

20 of 20 skills
Business Continuity PlanningFunds Transfer PricingFinancial AccountingFinancial AnalysisTreasury ManagementBoard of Directors PresentationsAsset-backed SecuritizationCost reduction strategiesUS GAAPStrategic PlanningSEC filingsFinancial ServicesRegulatory RequirementsStrategic Financial PlanningStress TestingProcess ImprovementEnterprise Risk ManagementBankingStructured FinanceCapital adequacy