Full-Time

Basel III Senior Analyst

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Charlotte, NC, USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Data Science
Requirements
  • Bachelors Degree in Finance, Accounting, Mathematics, or related fields
  • Ten years of senior analyst level experience that includes progressive responsibilities with experience engaging with high performing teams
  • Excellent leadership and cross-functional management and engagement skills, with experience building relationships across a complex, diverse organization
  • Deep experience with Corporate Treasury and Capital Management, as well as related disciplines impacting Capital Management and financial reporting frameworks, including data management and reporting controls
  • Comprehensive knowledge of regulatory capital and risk-weighted asset requirements and related expectations regarding regulatory reporting; ability to develop and implement effective governance structures to ensure regulatory and internal stakeholder expectations are met.
  • Experience engaging with cross-functional teams to effectively implement a robust documentation, review and challenge framework across an integrated stress testing framework
  • In depth knowledge of large bank regulatory framework
  • Experience with supporting complex data management initiatives
  • Ability to build consensus across the organization through effective communication of complex subject matter
  • Proven track record of leading change management initiatives while developing innovative solutions to large complex issues
  • Extensive knowledge of banking products and lines of business
  • Strong presentation skills and experience interacting with key internal and external stakeholders
  • Experience with incorporating automation and data science to improve efficiency across various functions
  • Advanced degree (e.g., masters) in Finance, Accounting, Mathematics, or related fields (Preferred)
  • Industry designations such as Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) (Preferred)
Responsibilities
  • Supports Truist’s Basel III transition program, including program and project management and associated governance requirements and engagement with key stakeholders (including senior and executive leadership, regulatory agencies).
  • Leads comprehensive assessment of Notice of Proposed Rulemaking, including the development of a rule interpretation database, creation of a current-state data assessment and gap analysis, and pro-forma financial assessment.
  • Develops business requirements to implement an effective reporting and calculation framework. Engages with stakeholders to develop future-state operating model.
  • Supports program leadership with technology infrastructure assessments that clearly identify capabilities required for future-state reporting; collaborates with internal IT / external vendors (if applicable) to document future-state requirements, and oversee documentation and testing as necessary.
  • Assesses implications of revised capital rules on Truist’s management reporting and internal profitability management framework, and engages with appropriate stakeholders to effectively implement new requirements across Truist’s management reporting process.
  • Identify second-order implications (e.g., stress testing, forecasting, etc.) and engage with Truist leadership to ensure future-state requirements are incorporated into appropriate processes and governance frameworks.
  • Supports broader regulatory and financial reporting team to ensure seamless transition from current state to future state reporting requirements.

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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