Full-Time

Senior Divisional IT Business Office 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
Executive Support
Administrative & Executive Assistance
Specialized Administrative Roles
Requirements
  • Bachelor's degree and twelve years of experience in IT or an equivalent combination of education and work-related experience
  • Meeting management, conflict management, and presentation skills
  • Ability to plan effectively
  • Ability to manage client expectations and relationship in a way that results in an effective team environment
  • Deep specialized and/or broad functional knowledge of portfolio management
  • Ability to translate business strategies and emerging external trends to organizational and operational tactics. Ability to solve unique and highly complex technical, operational, and organizational problems
  • Ability to lead and manage the performance of multiple teams against a set of financial and operational objectives
  • Sophisticated analytical skills and the ability to solve complex technical and business problems
  • Ability to influence others at senior levels to adopt a new perspective.
Responsibilities
  • Provide Senior Leadership, planning and direction for IT Management including setting goals/objectives, budget administration, resource planning, teammate development, hiring, disciplinary, coaching, terminating, performance reviews, establishing (and ensuring adherence to) policies and procedures and removing obstacles to team success
  • Lead a team to facilitate portfolio alignment with business strategy, justification and business value, and enable enterprise prioritization of projects, portfolio balancing and resource allocation to maximize value
  • Responsible for the overall development and ongoing management of a governance framework and enterprise processes for resource/time management, demand management and portfolio management. Interprets internal/external business challenges and recommends best practices
  • May play lead role or technical consultant role in large or complex projects or initiatives
  • Develop strategic plans for supporting risk management, regulatory preparedness, resource planning, and operations management
  • Assist and communicate with IT leaders and executives in decision-making, program management, and initiative implementation
  • Review, design, and execute improvements to organizational structure inclusive of finding knowledge and skills gaps to resolution

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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