Full-Time

Financial Crimes Analyst I

Posted on 11/26/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry, Junior

Goldsboro, NC, USA

Category
Risk Management
Finance & Banking
Requirements
  • High school diploma or equivalent education and related training
  • One year of banking, financial industry or related experience; preferably in a branch, audit, compliance, legal, risk or lending related capacity
  • Ability to learn and perform complex processes in order to meet the spirit and letter of the procedures, policies and regulations that govern the department
  • Strong investigative, analytical, and critical thinking skills
  • Strong work prioritization and time management skills
  • Strong interpersonal, communication and client service skills
  • Demonstrated proficiency in basic computer applications such as Microsoft Office software products
  • Ability to work in a high-stress, fast-paced, rapidly changing environment.
  • Ability and willingness to work flexible hours as required by the function
Responsibilities
  • Analyze and decision Financial Crimes related cases or alerts.
  • Utilize banking systems to investigate and research all transactional information to ensure that Financial Crimes requirements are met.
  • Conduct client research.
  • Use critical thinking skills to make well supported decisions relative to the alert type.
  • Utilize internal and external applications to assist in the investigation and research of all applicable alerts.
  • Efficiently and effectively resolve cases or alerts with awareness of all timelines as directed by relative to Financial Crimes function.
  • Support effective communication with internal and external partners or clients.
  • Participate in BSA/AML/OFAC and/or Fraud related training that may include webinars, periodicals and self -study in order to stay abreast of any related changing laws and regulations.

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. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service, reducing 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

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 financial stability and growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and attract more RIAs.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from firms like Robinhood and Betterment could erode Altruist's market share.
  • Continuous tech updates may strain Altruist's financial resources.
  • Integration challenges with new partners may disrupt service delivery.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and an automated rebalancer.
  • Altruist provides original content and fast onboarding for independent financial advisors.

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