Full-Time

GCO Risk Program Execution Consultant III

Wholesale Banking

Posted on 4/27/2025

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

No salary listed

Mid, Senior

Richmond, VA, USA + 3 more

More locations: Winston-Salem, NC, USA | Charlotte, NC, USA | Atlanta, GA, USA

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Data Analysis
Requirements
  • Bachelor’s degree in Business, Finance or science/academic field, or equivalent education and related training or experience.
  • Four years of risk management experience in business continuity or related field, and/or equivalent education, training and experience.
  • Broad risk and regulatory knowledge with an emphasis on: Credit, Market, Liquidity, Compliance, Operational, Reputation and Strategic Risks.
  • Strong leadership and communication skills.
  • Ability to think critically and strategically, multi-task, and drive change.
  • Strong quantitative, governance, and analytic abilities.
  • Ability to provide effective challenge to senior levels of leadership.
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
  • Ability to travel, occasionally overnight.
Responsibilities
  • Influence and participate in the development and maturation of the firm’s risk programs to meet with regulatory expectations.
  • Serve as a subject matter expert for ORM and ERM programs, providing effective challenge as necessary to program updates and changes.
  • Communicate, train and monitor adherence of business partners and GCO teammates for requirements and changes in risk programs; provide coaching on effective execution, sharing best practices where applicable.
  • Act as a conduit between the GCO, first line teammates and second line risk program owners/risk partners.
  • Deliver and influence recommendations for updates to relevant policies, procedures and relevant RACIs, playbooks and job aids for risk programs to drive consistency and efficiency in execution.
  • Establish working relationships with line of business leaders, second line, and third line of defense risk partners.
  • Communicate and present materials in various leadership forums and committee meetings as appropriate.
  • Mentor teammates within the risk execution team.
Desired Qualifications
  • Master’s degree in Finance or equivalent science/academic field.
  • Financial Risk Manager (FRM)/Certified Financial Analyst (CFA) or equivalent advanced risk certification.
  • Familiarity and experience with Archer preferred
  • Experience supporting Wholesale Banking helpful
  • Experience with Risk and Controls Self-Assessment (RCSA)

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

Company Size

501-1,000

Company Stage

Series F

Total Funding

$601.5M

Headquarters

Culver City, California

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $152 million in Series F funding, boosting growth potential.
  • The company serves over 4,700 advisors, tripling assets under management consecutively.
  • Altruist's digital fixed-income trading aligns with expanding market trends.

What critics are saying

  • Competition from Robinhood and established players like Schwab and Fidelity is intense.
  • Rapid growth may strain Altruist's operational capabilities, risking service disruptions.
  • New regulatory compliance challenges arise with digital fixed-income trading addition.

What makes Truist unique

  • Altruist offers a simplified tech stack for efficient RIA management.
  • The platform includes commission-free fractional share trading and automated rebalancer.
  • Altruist provides original content for insightful, actionable information for financial advisors.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

1%

2 year growth

0%
Fintech News Singapore
Apr 23rd, 2025
GIC Leads US$152 Million Series F in U.S. Custodian Altruist

Altruist, a US-based custodian platform for registered investment advisors (RIAs), has raised US$152 million in a Series F funding round led by Singapore's sovereign wealth fund GIC.

Business Wire
Apr 22nd, 2025
Altruist Secures $152M Series F Funding

Altruist, a modern custodian for RIAs, raised $152 million in Series F funding led by GIC, valuing the company at approximately $1.9 billion. Other participants included Salesforce Ventures and Baillie Gifford. The funding follows a year of significant growth, with Altruist launching new products and expanding its executive team. The company now serves over 4,700 advisors and has tripled assets under management for two consecutive years.

Axios
Apr 22nd, 2025
Altruist Raises $152M, Nears $2B Valuation

Altruist, a custodian and software company for investment advisers, raised $152 million in Series F funding led by GIC, valuing it at $1.9 billion. This follows Robinhood's acquisition of custodian TradePMR for $300 million last year. Altruist was previously valued at $1.5 billion in May 2024. The RIA custody space, dominated by Charles Schwab and Fidelity, is seeing new entrants aiming to capture market share with innovative tech and lower fees.

Wealth Management
Mar 14th, 2025
WealthStack Roundup: Altruist Fills CTO Vacancy

RIA custodian upstart Altruist this week announced the hiring of Silicon Valley insider Sumanth Sukumar as its chief technology officer.

Business Wire
Mar 12th, 2025
Former Coinbase and Uber Executive Joins Altruist as CTO to Cement Tech Advantage

To establish a hub for engineering innovation and strengthen its technology leadership, Altruist is expanding its presence with an office in San Francisco.