Full-Time

GCO Risk Advisory Specialist II-CSG Relationship Manager

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid

Richmond, VA, USA + 2 more

More locations: Charlotte, NC, USA | Atlanta, GA, USA

Category
Risk Management
Finance & Banking
Requirements
  • FINRA Series 7, 24, 53, and 66 licenses (Series 9&10 can be used in lieu of 53. Series 63&65 can be used in lieu of Series 66). Life/Health/Variable Insurance License.
  • Bachelor’s degree in Accounting, Business, Finance or related field, or equivalent education and related training.
  • Six to Eight years of experience in a financial institution with emphasis on risk management or equivalent work experience and training.
  • Knowledge of SOX and other industry-related regulatory requirements.
  • Knowledge of operational and other non-financial risks.
  • Ability and willingness to learn and adapt to change and competing priorities.
  • Strong written and verbal skills.
  • Solid problem-solving skills in complex environments; Ability to influence change.
  • Excellent time management and organizational skills with the ability to operate without close supervision on day-to-day decisions; Capable of handling multiple projects concurrently.
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
  • Ability to travel, occasionally overnight.
Responsibilities
  • Provide risk advice and serve as risk Subject Matter Expert (SME) to assigned business areas within the Business Unit across all risk types to promote and strengthen control environment (control design, implementation, evaluation, and reporting) and support adherence to applicable regulations, policies and procedures.
  • Partner with first-and second-line defense teammates in identifying, escalating and remediating control gaps across assigned business areas; Effort includes, but is not limited to, Identify and prioritize current and emerging risks, understand assigned business area goals, engage in projects, initiatives, working groups and other appropriate forums; Seek engagement from appropriate SMEs and BURM peers for guidance and input.
  • Identify, measure, monitor and escalate key and emerging risks; Report and communicate risk results and escalate material concerns to BURM Leadership.
  • Monitor risk mitigation and risk acceptance decisions to ensure a balanced operating environment through formal issues management program and other applicable routines.
  • Execute Enterprise and Risk Program requirements to effectively identify, measure, report, and mitigate risks; Utilize and refine analytical tools as appropriate to support assessments of risk.
  • Execute control monitoring and testing activities to assess effectiveness of control environment.
  • Manage, update, monitor and track controls, including those aligned to SOX and regulatory requirements.
  • Foster a spirit of continuous improvement and offer recommendations to refine and/or enhance monitoring and testing processes as necessary.
  • Support the execution of risk management initiatives at the direction of GCO Leadership.
  • Other activities and special projects, as deemed required.

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, monetizing through a vertically-integrated custodian service that reduces 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

24%

1 year growth

40%

2 year growth

73%
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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