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Full-Time

Financial Crimes Analyst I

Posted on 10/9/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry

Goldsboro, NC, USA

Category
Risk Management
Finance & Banking
Requirements
  • High school diploma or equivalent education and related training
  • One year of banking, financial industry or related experience; preferably in a branch, audit, compliance, legal, risk or lending related capacity
  • Ability to learn and perform complex processes in order to meet the spirit and letter of the procedures, policies and regulations that govern the department
  • Strong investigative, analytical, and critical thinking skills
  • Strong work prioritization and time management skills
  • Strong interpersonal, communication and client service skills
  • Demonstrated proficiency in basic computer applications such as Microsoft Office software products
  • Ability to work in a high-stress, fast-paced, rapidly changing environment.
  • Ability and willingness to work flexible hours as required by the function
Responsibilities
  • Analyze and decision Financial Crimes related cases or alerts.
  • Utilize banking systems to investigate and research all transactional information to ensure that Financial Crimes requirements are met.
  • Conduct client research.
  • Use critical thinking skills to make well supported decisions relative to the alert type.
  • Utilize internal and external applications to assist in the investigation and research of all applicable alerts.
  • Efficiently and effectively resolve cases or alerts with awareness of all timelines as directed by relative to Financial Crimes function.
  • Support effective communication with internal and external partners or clients.
  • Participate in BSA/AML/OFAC and/or Fraud related training that may include webinars, periodicals and self -study in order to stay abreast of any related changing laws and regulations.

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 a lower cost. Unlike competitors, Truist provides these services for free, monetizing through a custodian service that helps RIAs reduce 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

10%

1 year growth

19%

2 year growth

51%
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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