Full-Time

Financial Risk Management Origination Director/MD

Updated on 11/14/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Charlotte, NC, USA + 1 more

More locations: Atlanta, GA, USA

Category
Investment Banking
Risk Management
Finance & Banking
Requirements
  • BA/BS degree
  • Licenses: Series 7, 63, and 24 (if supervisory principle)
  • 15-18 years of related work experience
  • Experience in leading the execution of an extensive variety of client transactions covering the full advisory and capital raising spectrum
  • Advanced knowledge of industry, market, and financial products
  • Proven ability to develop, nurture and monetize "trusted advisor" client relationships with senior executives
  • Advanced analytical and technical skills combined with a problem solving attitude
  • Excellent interpersonal style, good listening skills and the ability to communicate complex ideas clearly and concisely
  • Strong partnering and leadership skills in a complex, matrixed environment
Responsibilities
  • Applies extensive industry/market/product knowledge to drive revenue production and business growth.
  • Plays a key role in developing strategy and objectives for designated business area.
  • Responsible for managing a small to mid-size team of originators and support staff.
  • Handles all aspects of client interactions, including generating ideas and structuring derivative solutions for clients, development and pitching of marketing materials, directing and coordinating execution of transactions, and working closely with partners in relationship management and capital markets.
  • Some responsibility for representation with fiscal, legal, regulatory & trade entities.
  • Works closely with credit risk management to ensure proper risk/reward balance of derivative transactions.
  • Attracts and retains top talent. Mentors and coaches junior staff.
  • Individual revenue contribution of $5-10mm/non-manager $7-12mm

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.

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