Control Alt G creates a clipping mask. It essentially fits the layer you have selected when you hit control alt delete into the layer below. SO, for that to work you need to have a shape in a layer below the photo. Right now you must be clipping it into some other layer that may be either not aligned with your photo or is the wrong size to fit in the "opening" too.
To use the clipping mask option, you'll need to create a shape on a layer below the photo that fits inside the opening you want to fill. THEN click control alt delete while you have the photo layer selected.
Even using clipping masks, you sometimes need to resize the photo to make it "fit" in the shape.
