Full-Time

Investment Banking Associate-Energy Transition/ Power and Renewables

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Compensation Overview

$175kAnnually

Mid, Senior

New York, NY, USA

Annual base salary for this position in New York is $175,000.

Category
Investment Banking
Finance & Banking
Requirements
  • BA/BS degree
  • 2+ years of prior Analyst experience in energy transition and / or power & renewables, or at least 1 year of relevant industry experience plus an MBA
  • Strong knowledge of investment banking, market, industry sector, and/or financial products
  • Mastery of financial and accounting concepts to facilitate the creation or review of in-depth financial models involved in transactions
  • Strong organizational and leadership skills
  • Advanced skills in written and oral communications, and interpersonal relationship management
  • Solid analytical and sales skills
Responsibilities
  • Plays an integral role in supporting senior bankers in new business development, due diligence, and/or transaction execution
  • Under limited supervision, performs tasks assigned and managed by senior staff, including drafting internal and external documents and marketing materials, modeling, due diligence, executing transactions, as well as working with clients, attorneys, investors, interested parties and/or other senior professionals on a day-to-day basis
  • Play an integral role coaching and mentoring Analysts and Interns, while helping to both supervise the compilation of and review work product
  • Builds cross-functional relationships within Corporate & Investment Banking

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, aiming to attract a large user base. 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 its growth potential.
  • Partnerships with Orion and Kwanti enhance Altruist's wealth management solutions.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from firms like Betterment and Wealthfront could impact Altruist's market share.
  • Rapid tech advancements may strain Altruist's resources to update its platform.
  • Potential regulatory changes could increase compliance costs, affecting Altruist's free model.

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, offering actionable insights for independent financial advisors.

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