Full-Time

Group Manager

Letters of Credit and Trade Services

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Greensboro, NC, USA + 1 more

More locations: Atlanta, GA, USA

Category
Commercial Banking
Risk Management
Finance & Banking
Required Skills
Communications
Management
Requirements
  • Bachelor’s degree in Business, Finance, or related field or equivalent education and related training
  • Ten years work experience in large US financial services firm with seven years of management experience (individual contributors and managers) and demonstrated experience in leading diverse teams based in various regional locations
  • Demonstrated leadership, innovation, and strategic planning skills across a broad scope of operational areas, as well as a creative approach to process management
  • Excellent interpersonal, communication, negotiation, organizational and problem-solving skills
  • Ability to translate strategic priorities into operational reality; ability to identify and drive organizational and cultural changes needed to adapt strategically to changing market demands, technology, and internal initiatives; catalyzing new approaches to improve results by transforming organizational culture, systems, or products/services
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Responsibilities
  • Oversee the optimization of the letter of credit processes and servicing of client relationships. Develop and implement programs to support origination, documentation, funding, and servicing of all forms of letters of credit and documentary trade services.
  • Collaborate in the strategic planning, management and execution of new technology solutions and existing technology enhancements to support assigned the LC and Trade Services processes.
  • Participate in the selection, design and implementation of processes, systems, and technologies for large, enterprise efforts to improve our letter of credit activities.
  • Serve as Truist operation’s primary point of contact for domestic and foreign financial institutions requesting introductions to other Truist LOBs and act as escalation point, if needed.
  • Develop and maintain effective risk governance and operational risk management systems and processes to manage risk and safeguard assets.
  • Implement operation policies and procedures to ensure compliance with State and Federal regulations and internal compliance requirements.
  • Serves as a subject matter expert and respond to questions or inquiries concerning policies, procedures, structuring, etc. from auditors, risk partners, compliance, and examiners to assist in internal reviews and external examinations. Follow up and correct any items addressed and ensure necessary changes or recommendations have been implemented as directed.
  • Participate in relevant line of business and other meetings to stay informed, collaborate and build strong partnerships in order to achieve the most effective and efficient business results.
  • Responsible for assigned associates, including recruitment, retention, career development, performance management, salary administration, promotions, transfers, succession planning, training, coaching and terminations within established policies and guidelines.
  • Stays abreast of market issues and trends, maintains up-to-date knowledge on all relevant Truist credit and lending policies, procedures, and regulations.
  • Establishes measurable metrics that properly reflect the production and client experience for the team. Execute on client service and quality goals.

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 Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

5%

1 year growth

0%

2 year growth

0%
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

INACTIVE