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Full-Time

Deposit Operations Manager II-Returns

Confirmed live in the last 24 hours

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
Required Skills
Communications
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 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 a lower cost. Unlike competitors, Truist provides these services for free, monetizing through a custodian service that helps RIAs reduce overhead costs. 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

5%

1 year growth

19%

2 year growth

46%
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.