Full-Time

Technology Strategic Remediation Senior Consultant

Regulatory Relations Engagement

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 + 1 more

More locations: Atlanta, GA, USA

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • Understanding of enterprise financial services technology organizations, structure, technology and associated risk landscapes.
  • Experience managing programs or projects.
  • Regulatory and risk management experience in a large financial services technology organization.
  • Bachelor’s degree in a technology discipline or equivalent experience with expertise.
  • 7+ years of experience in an enterprise technology environment.
  • Demonstrated experience supporting large programs or projects.
Responsibilities
  • Establish and lead one or more of the following Truist Technology Strategic Remediation Governance and Operations functions:
  • Program management including driving adoption of the Strategic Remediation program, development of a capability framework, program charter, governing documents, maturity and execution roadmap
  • Project management structure including portfolio management, status reporting, communication, education, and engagement routines.
  • Management of regulatory exams, responses, and routines on behalf of program; serve as point of contact for Truist Regulatory Relations internal team.
  • Ownership and accountability for remediation of ET-wide macro concerns not owned by a technology vertical – i.e., Finance and Resource Management.
  • Determine and meet delivery goals and timelines within context of larger Strategic Program plan.
  • Work in tight alignment with the Strategic Remediation Leadership and Advisors, ET leadership and Business Management Offices.
  • Build and/or influence organizational support structures to ensure prioritization and ongoing sustainability of solutions put in place as an outcome of this work, i.e. influence processes to prioritize strategic remediation initiatives across areas adjacent to function, socialize and educate key partners, create/enhance tracking, reporting, metrics, escalation paths, interrogation of existing or needed policies and procedures, leading project-level reviews.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a custodian service that helps RIAs reduce overhead. 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

38%

2 year growth

74%
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.

Help us improve and share your feedback! Did you find this helpful?