Full-Time

Wholesale Business Administration Lead

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Charlotte, NC, USA + 1 more

More locations: Atlanta, GA, USA

Category
Project Management
Strategy Development
Business & Strategy
Required Skills
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree in Business, or equivalent education and related training or experience.
  • 10+ years relevant work experience in administration, operations, risk management, management consulting or in the financial services industry.
  • Strong executive presence.
  • Strong interpersonal, presentation and influencing skills.
  • Ability to collaborate and build relationships with colleagues at all levels and achieve goals without direct control over resources.
  • Demonstrate an outstanding ability to communicate effectively and confidently and to work well in cross-functional teams.
  • Proven track record demonstrating a high level of personal initiative, setting, and achieving challenging goals.
  • Openness to an environment of active developmental feedback from peers and managers.
  • Ability to work in a fast paced environment while having a high level of attention to detail.
  • Advanced MS Excel and PowerPoint skills.
Responsibilities
  • Work with Wholesale Strategic Execution Director to implement the strategic agenda and develop and execute leadership routines.
  • Own Wholesale’s calendar of events and proactively manage all activities to ensure Wholesale’s leadership team operates effectively given its scale.
  • Develop executive presentations and maintain high standards for execution.
  • Work closely with Wholesale leaders to drive ongoing progress against strategic and critical BAU activities.
  • Serve as a dot-connector across Wholesale and with functional partners to drive successful execution of strategic priorities.
  • Plan and execute special events and activities, ensuring high standards for execution.
  • Partner with teammate enablement leader to ensure a thoughtful and consistent approach to entertaining top clients and prospects.
  • Work closely with the Chief Wholesale Officer’s executive assistant to manage the calendar, routines, and cadence of market visits and client meetings the Chief Wholesale Officer should attend.
  • Work with internal and external partners/vendors/third parties as needed for events.
  • Support ad hoc Wholesale projects as needed.
  • Work closely with communications team to review and provide input on Wholesale communications.
  • Play a key role in driving above Truist average LT Teammate engagement scores.
  • Promote effective and proactive communication among the Wholesale Strategic Execution and Business Management team and the Wholesale Leadership team.
  • Manage escalated client complaints to proper resolution in partnership with Client Advocacy and BURM.
  • Partner and coordinate with teams across Truist and key functions including Finance, HR, Legal, Risk and Technology, to educate and align on business initiatives and the execution of activities on behalf of Wholesale.

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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