Full-Time

Wholesale Credit and Portfolio Risk Officer I

Updated on 2/19/2025

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid, Senior

Charlotte, NC, USA + 1 more

More locations: Atlanta, GA, USA

Category
Risk Management
Finance & Banking

You match the following Truist's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor's degree in Business, Economics or Accounting, or equivalent education and related training
  • Five years of banking experience in various commercial roles, or related experience
  • Demonstrated ability to handle multiple priorities under time constraints
  • Understanding of business credit processes
  • Strong independent thinking and decision-making skills
  • Strong organizational, interpersonal, critical thinking, communication, and facilitation skills
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Responsibilities
  • Identify and analyze trends in portfolio risk through interaction with Commercial/CIG and Credit Risk Teammates and assignments
  • Develop and implement training and/or communication related to credit risk initiatives such as changes in policy, procedures, and processes
  • Actively participate in working groups and collaborate with key line of business partners to improve and ensure successful execution of Commercial/CIG Credit Delivery and Credit Risk processes, including in-depth analysis of issues and requirements, business process design and documentation, system and technical solutions, assessment of impacts across internal departments and functions, and change management strategies
  • Serve as a subject-matter expert for wholesale credit risk processes to support Commercial/CIG and Credit Risk Teammates through change management, and ongoing once changes have been implemented
  • Effectively communicate with all levels of the organization from informing leadership and stakeholders on portfolio risk monitoring trends and wholesale credit risk training initiatives, to educating impacted teammates on forthcoming implementations
  • Management of the various reporting, governance, and risk oversight activities for wholesale credit risk leadership (e.g. Archer and Issues Management, Business Impact Analysis, SharePoint management)
  • Ensure assignments are properly documented, tracked and reported as necessary. Identify and escalate potential risk to timeline and/or completion and determine appropriate steps to ensure success
Desired Qualifications
  • Completion of an MBA or bank training program
  • Lean Six Sigma Certification
  • Experience in business credit underwriting
  • Understanding of the Truist Credit Culture
  • Familiarity with Truist standard software packages

Truist offers a platform for Registered Investment Advisors (RIAs) to streamline their operations and improve client experiences. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service. The company's goal is to empower RIAs to grow their businesses and enhance client interactions.

Company Size

501-1,000

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth and innovation potential.
  • Partnerships with Orion and Kwanti enhance Altruist's platform integration and service offerings.
  • Increased demand for digital transformation in financial services aligns with Altruist's tech solutions.

What critics are saying

  • Competition from firms like Betterment and Wealthfront pressures Altruist to innovate continuously.
  • Integration with Orion and Kwanti may pose operational risks if not seamless.
  • New digital fixed-income trading could attract regulatory scrutiny if compliance is lacking.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free trading and an automated rebalancer for cost-effective solutions.
  • Altruist's model marketplace provides personalized investment strategies, catering to diverse client needs.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

9%

1 year growth

3%

2 year growth

2%
Business Wire
Oct 2nd, 2024
LaSalle Vaughn Joins Altruist as Chief Compliance, Ethics, & Risk Officer

Vaughn joins Altruist from Bestow, where he served as Chief Compliance, Ethics, and Risk Officer, leading teams that mitigated regulatory risk for online insurance products.

Wealth Management
Sep 24th, 2024
Altruist Adds Digital Fixed Income Trading to Platform

RIA custodian Altruist has launched fully digital fixed-income trading for advisors.

Arena Investor
Aug 29th, 2024
Announcement: Arena Investor Partners with Altruist

Announcement: Arena Investor partners with Altruist.

Wealth Management
May 2nd, 2024
Altruist Raises $169M in Latest Funding Round

Yoonkee Sull, general partner at ICONIQ Growth, will join Altruist's board of directors as a result.

Finsmes
May 2nd, 2024
Altruist Raises $169M in Series E Funding

Altruist, a Los Angeles, CA-based custodian for independent RIAs, raised $169M in Series E funding