Full-Time

GCO Risk Advisor III

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Charlotte, NC, USA

Category
Risk Management
Finance & Banking
Requirements
  • Bachelor’s degree in Accounting, Business, Finance, Economics or an equivalent combination of education and work experience
  • 8+ years progressive work related experience including audit, consulting, operations, process engineering, or risk management in the financial services industry
  • 5+ years supervisory or management level experience
  • Strong communication, interpersonal and negotiation skills
  • Strong knowledge of operational and other non-financial risks
  • Proven leadership and management skills
  • Excellent time management and organizational skills with the ability to operate without close supervision
  • Capability of handling multiple projects concurrently
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Responsibilities
  • Provide independent risk oversight for all eight (8) risk types in multiple assigned business units within the Corporate Treasury & Capital Adequacy and Resolution Planning teams.
  • Oversee risk appetite and business risk strategy ensuring adherence to defined limits.
  • Effort includes risk identification and prioritization of current and emerging risks.
  • Responsible for identifying, assessing, and reporting on risk in assigned business units in order to assist the Business Units (BU) in achieving its strategic objectives.
  • Ensure business units operate in compliance with applicable laws, regulations, policies, procedures and within Risk Appetite.
  • Provide SME support to front line for control implementation, risk mitigation and effective design of controls.
  • Responsible for providing expert risk management direction and oversight to applicable business unit senior leadership on all key risk initiatives and functions.
  • Guide risk-taking behaviors for assigned business units; provide counsel, advice, and concurrence to senior business unit leaders to drive needed risk enhancements or remediation.
  • Advocate Truist’s risk culture, compliance with enterprise risk initiatives and promote sound risk management practices by assigned business units.
  • Oversee strategic efforts to identify report, prioritize, and manage risks and/or control deficiencies, including emerging risks and risks/controls that span multiple business units.
  • Accountabilities include serving as a subject matter expert for assigned business units, including strong awareness of internal and external risks, industry best practices, current and emerging technologies, business unit(s) regulation and requirements, and corrective action processes.
  • Aggregate, integrate, correlate, and report risks for assigned business unit(s) to GCO and/or applicable risk committees.
  • Provide holistic view on issues and remediation across business unit(s).
  • Provide connectivity between assigned business unit(s) and other lines of defense functions as appropriate developing and maintaining effective communication with leaders and horizontal support functions within the GCO organization.
  • Provide forward-looking guidance and thought leadership around data-driven and/or technology-based solutions that can improve efficiency, effectiveness and decrease risk.
  • Partner with applicable second line of defense groups to ensure technology risks are appropriately managed.
  • Oversee effective operationalization of a Risk Control Self-Assessment Program, Key Indicator and other Business Environment and Internal Control Factors by assigned business units; provide consultative guidance and effective challenge as necessary.
  • Ensure new or revised business unit product offerings are consistent with Truist’s risk appetite, including adherence to Enterprise Change Risk Assessment requirements.
  • Oversee the results of monitoring, control test and quality assurance functions for potential breaches and/or systemic themes; ensure escalation and timely remediation.
  • Provide direction and guidance in the development of controls and governance mechanisms by assigned business units.
  • May manage and develop a team of Risk Advisors.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces overhead costs. The goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

24%

1 year growth

40%

2 year growth

73%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

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