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Full-Time

Business Data Steward-Finance

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry, Junior

Charlotte, NC, USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • Equivalent combination of advanced education and related experience, which could include any combination of: 2 years of experience managing business processes or experience in technical-related decisions on the business side
  • Communications skills, including, negotiation/facilitation/presentation skills
  • Knowledge of current and emerging application software products and tools
  • Project management experience
  • Strong analytical and architectural skills
  • Ability to manage a high volume of internal client relationships
Responsibilities
  • Responsibilities include participating in definition and validation of a business critical process and the associated critical data elements (CDEs) that support them.
  • Business Metadata Management: Onboard new CDEs that are specific to corresponding Business Unit or Corporate Group – collaborate with Technical Data Stewards.
  • Propose new CDEs and Data Domains to Data Domain Working Group for approval – collaborate with Data Domain Working Group.
  • Review assigned CDEs and their business metadata on an established frequency basis – collaborate with Metadata Center of Excellence (COE).
  • Discover and execute CDE change requests – collaborate with Metadata COE; Technical Data Stewards.
  • Submit CDE change requests for approval to Data Domain Working Group – collaborate with Data Domain Working Group, Metadata COE, and Technical Data Stewards.
  • Perform business process and traceability mapping - collaborate with Business Unit / Corporate Group representatives, Metadata COE and Technical Data Stewards.
  • Review trusted source assignments – collaborate with Technical Data Stewards.
  • Data Quality: Assist with defining data quality rules and standards for corresponding Business Unit or Corporate Group.
  • May partner with Technical Business Stewards to enroll and implement Data Quality rules for corresponding Business Unit or Corporate Group into appropriate systems– collaborate with Technical Business Stewards.
  • Monitor Data Quality activities, track data issues and risks, and develop associated mitigation strategies for corresponding Business Unit or Corporate Group.
  • Assist in resolving Data Quality Issues
  • Enterprise Metadata Repository / Metadata Catalogue: Assist with onboarding new CDEs’ related business metadata – collaborate with Metadata COE.
  • Update central metadata repository with business metadata content (business terms, definitions, classifications, and business and Data Quality rules) – collaborate with Metadata COE and Technical Data Stewards.
  • Review CDEs’ metadata on an established frequency basis – collaborate with Metadata COE.
  • Discover and execute CDE metadata update requests – collaborate with Metadata COE.
  • Get CDE metadata change requests approved with Data Domain Working Group – collaborate with Data Domain Working Group.
  • Data Privacy, Security, Retention and Archiving: Monitor data security for data elements for corresponding Business Unit or Corporate Group.
  • Report or escalate data privacy issues to Data Privacy Group – collaborate with Chief Privacy Officer and team.
  • Review data requirements to enable compliance with Privacy Policy and other similar corporate policies and documents – collaborate with Chief Privacy Officer and team.
  • Enable the application of corporate strategy, policy, and ethics for all consumers of data from given Business Unit or Corporate Group.
  • Monitor data for alignment with national and regional regulations as well as with corporate ethical standards.
  • Data Sharing, Access Control and Data Transfer: Support others in defining Data Privacy rules and align them with the Enterprise Privacy Policy in collaborate with Chief Privacy Officer.
  • Support others in defining archiving, retention, and data destruction requirements for CDEs for corresponding Business Unit or Corporate functions in collaboration with the CDAO and Chief Privacy Officer.
  • Review data requirements to enable compliance with Privacy Policy and other similar corporate policies and documents – collaborate with Chief Privacy Officer and team.
  • Enable the application of corporate strategy, policy, and ethics for all consumers of data from given Business Unit or Corporate Group.
  • Monitor data for alignment with national and regional regulations as well as with corporate ethical standards.

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%
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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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