BIO

Dan Soto was appointed chief compliance officer of Ally Financial in October 2010. In this role, he is responsible for leading the company’s compliance efforts in line with applicable laws, rules, and company regulatory policies. Soto joined the company as an executive compliance director in September 2009.

Before joining Ally, Soto held several compliance leadership roles within the financial services industry, including positions at Wachovia Bank, Royal Bank of Canada, and Bank of America. Soto also served for over 15 years as a bank examiner with the Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System.

Soto has a bachelor’s degree in accounting from the University of Nebraska and attended the American Bankers Association’s (ABA) Stonier Graduate School of Banking at the University of Delaware. Soto serves on the board of the North Carolina Council on Economic Education, an organization that aims to enhance and advance economic and financial education for K-12 educators and students of North Carolina. Soto also serves on the advisory boards of the ABA’s Annual Risk and Compliance Conference, the Association for Certified Anti-Money Laundering Specialists (ACAMS) and the BSA (Bank Secrecy Act) Coalition, and he serves on the faculty for the ABA’s National Compliance School.