Full-Time

Compliance Officer

Posted on 2/3/2025

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid, Senior

Richmond, VA, USA + 2 more

More locations: Charlotte, NC, USA | Atlanta, GA, USA

Category
Risk & Compliance
Legal & Compliance

You match the following Truist's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor's degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience.
  • Two years of compliance-related experience
  • Five years of financial institution experience
  • Demonstrated working knowledge of standard compliance concepts, practices, policies and related state and federal laws.
  • Detail orientated and strong analytical skills.
  • Strong communication, presentation and facilitation skills; proven ability to interact with all levels of management.
  • Leadership skills to guide and mentor the work of less experienced compliance consultants and analysts.
Responsibilities
  • Maintain an understanding of all applicable laws, rules and regulations applicable to coverage areas and provide regulatory guidance to assigned business unit and/or function associates.
  • Review regulatory changes and assess the impact those changes may have on assigned business units and/or functions.
  • Manage compliance risk management communications, training, documentation, procedures, and processes.
  • Monitor and communicate compliance risk management industry developments.
  • Implement strategies and methods related to the compliance risk management framework within the organization, including quality assessments, key risk, and performance measurement data, along with oversight monitoring and mitigation strategies.
  • Assess process, procedure and control documentation and other related compliance issues and documentation to help ensure they are accurate and easily understood by audit and/or external regulatory agencies.
  • Consult with business and/or functional units with respect to the design and implementation of remediation efforts as needed.
Desired Qualifications
  • Master's degree.
  • 5 years of experience in the financial services industry within audit or compliance.
  • Prior supervisory or management experience.
  • Completion of the American Bankers Association (ABA) Compliance School or CRCM certification.

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 and serve more clients at lower costs. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces overhead costs for RIAs. The company's goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Size

501-1,000

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth and innovation potential.
  • Partnerships with Orion and Kwanti enhance Altruist's platform integration and service offerings.
  • Increased demand for digital transformation in financial services aligns with Altruist's tech solutions.

What critics are saying

  • Competition from firms like Betterment and Wealthfront pressures Altruist to innovate continuously.
  • Integration with Orion and Kwanti may pose operational risks if not seamless.
  • New digital fixed-income trading could attract regulatory scrutiny if compliance is lacking.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free trading and an automated rebalancer for cost-effective solutions.
  • Altruist's model marketplace provides personalized investment strategies, catering to diverse client needs.

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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

0%

2 year growth

0%
Finsmes
May 2nd, 2024
Altruist Raises $169M in Series E Funding

Altruist, a Los Angeles, CA-based custodian for independent RIAs, raised $169M in Series E funding

Arena Investor
Aug 29th, 2024
Announcement: Arena Investor Partners with Altruist

Announcement: Arena Investor partners with Altruist.

International Fintech
Oct 9th, 2023
Kwanti Announces New Integration with Altruist

Kwanti announces new integration with Altruist.

Gillette News
Dec 12th, 2023
Altruist Collaborates with Leading Providers to Optimize Wealth Management Solutions

Orion Advisor Solutions, a leading provider of performance reporting software, has joined forces with Altruist to integrate their respective platforms.

Business Wire
Oct 2nd, 2024
LaSalle Vaughn Joins Altruist as Chief Compliance, Ethics, & Risk Officer

Vaughn joins Altruist from Bestow, where he served as Chief Compliance, Ethics, and Risk Officer, leading teams that mitigated regulatory risk for online insurance products.

Fortune
Apr 13th, 2023
How venture capital is shaping up in 2023, in 4 charts | Fortune

- Lee Equity Partners and Twin Point Capital agreed to acquire Tessco Technologies, a Hunt Valley, Md.-based wireless communication products distributor, for about $161.4 million.

Wilson Sonsini Goodrich & Rosati
Apr 17th, 2023
Firm Advises Altruist on $112 Million Series D Financing | Wilson Sonsini

The new round of funding puts Altruist’s total venture funding raised at more than $290 million.

Wealth Management
Sep 24th, 2024
Altruist Adds Digital Fixed Income Trading to Platform

RIA custodian Altruist has launched fully digital fixed-income trading for advisors.

Wealth Management
May 2nd, 2024
Altruist Raises $169M in Latest Funding Round

Yoonkee Sull, general partner at ICONIQ Growth, will join Altruist's board of directors as a result.

INACTIVE