Full-Time

Deposit Operations Manager II-Returns

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid

Orlando, FL, USA

Office-centric workstyle at the posted location.

Category
Commercial Banking
Risk Management
Finance & Banking
Requirements
  • High school degree or equivalent education, training, and work-related experience
  • Three years of proven leadership experience as Team Lead or similar role
  • Working knowledge of assigned area
  • Ability to work in an area governed by production standards and under pressure to meet critical deadlines
  • Strong interpersonal skills
  • Strong verbal and written communication skills
  • Effective time management skills to prioritize and manage department’s ability to meet deadlines
  • Demonstrated proficiency in basic computer applications such as Microsoft Office software products
Responsibilities
  • Assist leadership in coordination, planning, scheduling and execution of all activities within assigned team.
  • Lead and develop staff to ensure goals, deadlines, and objectives are met.
  • Make recommendations for assigned personnel regarding employment, career development, performance evaluations, salary changes, promotions, transfers and terminations within established policies and guidelines.
  • Work with leadership to establish key process indicators, deadlines, and other measurable goals that ensure team success.
  • Prepare and maintain departmental reports, logs and documents in a timely, efficient and accurate manner, in accordance with established retention schedules and corporate and departmental guidelines for client confidentiality and accuracy.
  • Monitor and enforce use of internal policies and procedures, report deviation or risks to leadership.
  • Assist in the monitoring of expenses to be in compliance with budget process.

Truist offers a platform for Registered Investment Advisors (RIAs) to enhance their operations and client experiences. 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, monetizing through a vertically-integrated custodian service that reduces overhead costs. The company's goal is to empower RIAs to grow their businesses while improving client satisfaction.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
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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