Ally's Vision Statement

Some risks cannot be controlled or predicted, which is why it is important to have a risk management policy in policy and one that is active in order to predict and control the ones that can be predicted and controlled. Risk management is essential to ensure that organizations operations continue; all risks are not bad and all risks do not require treatment, but in order to determine which ones does require attention and the ones that do not the company needs to have a policy and committee in place (Brown, 2013). When choosing how to manage risks organization need to keep in mind of using a method that works best for the industry they are in in addition to their workplace culture (Fraser & Simkins, 2010). If a method is used that does not work best with their organizational culture if may be difficult getting the process to work or move forward. …show more content…
This assist in making sure employees are in compliance everyday not just when an audit is expected. These measures along with ensuring that they products, service, and customers service is the best allows them to continue to strive towards their mission are connecting their customers anytime and anywhere. Ally Financial was affected just like their parent company of General Motors by the economy and market decline in the last recession. The company also climbed their way back from bankruptcy and the government bailout. Ally’s vision statement is to be relentless for their customers financial needs along with being a leader in digital financial services; because as technology has evolved consumers are conducting almost everyday things online such as shopping for clothes, groceries, and banking (Ally, 2017). The company has created a risk management committee that focuses on creating and monitoring the company’s risk profile along with overseeing, reviewing, and monitoring compliance