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Full-Time

Enterprise Change Risk Management Officer II

Products and Services

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

On-site 3 days a week, increasing to 4 days a week starting October 1. No telecommute option.

Category
Risk Management
Finance & Banking
Required Skills
Management
Requirements
  • Bachelor's Degree or an equivalent combination of education and experience.
  • 15 years of financial services risk management experience.
  • Possess and demonstrate expert risk management knowledge, leadership and decision-making skills.
  • Subject matter expert in operational risk and transformation activities.
  • Ability to work independently with minimal direction and guidance.
  • Strong analytical and organizational skills.
  • Extensive experience designing, developing, implementing, and executing risk governance and oversight frameworks.
  • Excellent interpersonal skills demonstrating the ability to effectively interact with teammates at all levels.
  • Adept with Microsoft Office products.
Responsibilities
  • Use subject matter expertise and industry knowledge to establish a products and services risk governance framework, which includes independent oversight and effective challenge to Business Units' products and services change management activities.
  • Influence, oversee, or challenge other programs impacting products and services including their identification, prioritization, funding, risk and mitigation, and implementation of significant changes.
  • Perform independent reviews and risk evaluations as defined in policy and procedures which may include emerging risks or risk acceptances.
  • Identify and document issues, monitor remediation efforts, recommend appropriate interventions and improvements to Business Units, other programs impacting products and services, approved change frameworks, and Enterprise Products and Services Risk Management as needed.
  • Subject matter expert that will identify, analyze, develop, and implement process improvements to mitigate products and services risk within and/or across multiple lines of business.
  • Stay abreast of emerging issues related to Risk Management, business process automation and design, and other relevant disciplines and incorporate new learnings into work processes.
  • Serve as a subject matter expert, leader, resource and mentor to teammates.

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.