Full-Time

Enterprise Strategic Risk Officer

Posted on 9/10/2024

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

Candidates must be in Charlotte, NC or Atlanta, GA a minimum of 4 days per week. No full remote or relocation assistance.

Category
Risk Management
Finance & Banking
Required Skills
Business Strategy
Requirements
  • Bachelor's degree or equivalent education and training.
  • Ten+ years of related experience or an equivalent combination of education and experience.
  • Broad and in-depth knowledge within own professional discipline and other related disciplines. Sound understanding of business and organizational strategies and processes.
  • Knowledge of the industry's competitive landscape and an understanding of the market and regulatory factors that shape the industry.
  • Strong written and verbal communication skills. Ability to interpret and explain complex information to a range of audiences. Ability to influence others to adopt a new perspective and handle interpersonal issues with tact and diplomacy.
  • Ability to exercise judgment and sophisticated skills in solving complex technical, operational, and organizational challenges in the context of business objectives and priorities.
  • Ability to lead projects of significant complexity and risk exposure. Ability to provide direction and mentor less experienced teammates.
Responsibilities
  • Drives critical elements of the design, development, implementation, and oversight of one or more assigned ERM Programs (e.g., Issues Management Program, Risk Measurement Program, Policy Management Program) to support the aligned ERM Risk Program Owner.
  • Supports and facilitates assigned ERM Programs policy and procedure documentation, training, communication and oversight activities across the enterprise.
  • Executes key components of the design and delivery of Quality Assurance related to assigned ERM Programs, including the testing strategy, outputs, and reporting for management and/or board level committees to demonstrate program effectiveness.
  • Coordinates with and supports Governance and Controls Office (GCOs) officers, Business Unit Chief Risk Officers (BUCROs) and Risk Program Owners ensure assigned ERM Programs requirements are understood and executed appropriately.
  • Provides thought leadership, subject matter expertise and indirect leadership within the broader ERM organization to plan and execute key strategic initiatives related to assigned ERM Programs.
  • Supports critical components of assigned ERM Programs presentation materials for key internal stakeholders (e.g. Business Unit Leadership, GCO Leadership, BUCRO Leadership, Risk Program Owners, Management Committees) and external regulators, including the associated preparation for ERM Leadership team.
  • Communicates regularly and escalates risks associated with execution of ERM Programs to the applicable ERM Program Managers, ERM Risk Program Owner and ERM Leadership team.
  • Work independently, with guidance in only the most complex situations.

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 and 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 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

  • Recent $169M funding round boosts Altruist's growth and development potential.
  • Partnership with Orion Advisor Solutions enhances data analytics capabilities for RIAs.
  • Digital fixed-income trading addition broadens Altruist's platform offerings.

What critics are saying

  • Competition from firms like Betterment and Wealthfront may impact Altruist's market share.
  • Rapid tech advancements require constant updates, straining Altruist's resources.
  • Integration challenges with third-party providers could disrupt Altruist's services.

What makes Truist unique

  • Altruist offers commission-free fractional share trading, a unique feature for RIAs.
  • The platform provides a vertically-integrated custodian service, streamlining RIA operations.
  • Altruist's fast onboarding and original content enhance the client experience for RIAs.

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