Full-Time

Technology Strategic Remediation Manager

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Charlotte, NC, USA + 1 more

More locations: Atlanta, GA, USA

Category
IT Consulting
Consulting
Requirements
  • Demonstrable in-depth understanding of enterprise financial services technology organizations, structure, technology and associated risk landscapes.
  • Significant experience managing high priority programs and initiatives, inclusive of initial conceptual design through delivery and ongoing sustainability.
  • Clear and demonstrated ability to offer appropriate effective challenge to any level of leadership or key partner.
  • Regulatory and risk management experience in a large financial services technology organization.
  • Bachelor’s degree in Business Administration or equivalent experience with expertise in Technology and Risk Management across Lines of Defense.
  • 7+ years of experience in an enterprise technology environment.
  • Demonstrated experience leading large, complex/critical technology projects.
  • Experience influencing strategy, processes, and/or risk management efforts for large organizations, inclusive of implementation and/or closing risk-related programs related to technology resilience/BCDR, implementing technology change, allocating budgets, business case development, cost modeling, business and technical requirements analysis, vendor assessment and selection, and related nuances of enterprise technology risk management.
  • Proactive, driven professional with the ability to operate effectively from the conceptual stage through to successful implementation amidst frequent change.
Responsibilities
  • Establish and lead Truist Technology Strategic Remediation efforts for assigned Enterprise Technology division/capabilities to: articulate the technology risk and remediation narrative for Technology division/capabilities, informed by a deep understanding of business unit strategy, long-term vision, current state challenges and the technology risk landscape as well as the overall Enterprise Technology strategy.
  • Use that narrative to create Detailed Implementation Plans to drive comprehensive, cohesive and consistent remediation across business unit in alignment with overall Strategic Remediation Program, Truist management, Line of Defense and regulatory expectations.
  • Drive planning and execution activities outlined in risk responses, ensuring business unit successfully meets regulatory commitments, including overall business unit portfolio management for Technology Strategic Remediation work: drive consistent execution, remediation and escalation to ensure commitments are met.
  • Work in tight alignment with business unit senior leadership team and business management office to execute on Technology Strategic Remediation commitments, offering guidance or effective challenge when called for.
  • In partnership with Strategic Remediation Operations team, establish reporting for execution, provide updates/reports to governance committees and coordinate Technology Strategic Remediation regulatory response, communication and meetings required with external regulatory agencies.
  • Build and/or influence organizational support structures to ensure prioritization and ongoing sustainability of solutions put in place as an outcome of this work, i.e. influence processes to prioritize strategic remediation initiatives across HR/Risk/Finance/business dimensions, socialize and educate key partners, create/enhance tracking, reporting, metrics, escalation paths, interrogation of existing or needed policies and procedures, leading project-level reviews.
  • Share Technology Strategic Remediation program/portfolio remediation insights with peer Technology Integration and Performance functions to help inform the overall transformation of Truist Enterprise Technology.
  • Coordinate with centralized risk teams and other partners to ensure all workstream reporting, communication and requirements are fulfilled on time with quality in technology.

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 lower costs. Unlike competitors, Truist provides these services for free and monetizes through a custodian service that helps RIAs reduce overhead. 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

38%

2 year growth

74%
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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