Full-Time

Employment Attorney

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Richmond, VA, USA + 3 more

More locations: Winston-Salem, NC, USA | Charlotte, NC, USA | Atlanta, GA, USA

Category
Legal
Legal & Compliance
Requirements
  • Juris Doctorate from an accredited U.S. law school and member in good standing in at least one state bar
  • 8 years of experience practicing employment law in an in-house and large law firm or equivalent position, preferably for banks for other financial services providers
  • Strong familiarity with state and federal labor and employment laws and regulations
  • Experience independently handling EEOC, OSHA and other employment agency matters, including drafting of position statements and mediating claims
  • Excellent oral and written communication skills
  • Ability to effectively and persuasively communicate complex issues and strategies with employees at all levels, including senior executives
  • Strong analytical skills and ability to balance business needs with legal risks
  • Well-organized self-starter able to exercise sound judgment and provide legal advice in a fast-paced environment with tight deadlines
  • Ability to independently deliver results, multi-task and prioritize work based on company/client priorities and strategic goals
  • Demonstrated willingness to be nimble, work as part of a team, collaborate and build relationships with colleagues and business partners
  • High energy, positive influence and attitude, flexible, and exceptional work ethic and passion to win
  • Member in good standing as a State Bar member or in good standing of another State Bar and registered as in-house counsel.
Responsibilities
  • Providing legal advice to business and functional partners regarding the risks related to all aspects of human capital management, including recruiting, hiring, managing, and disciplining employees, based on applicable employment laws and regulations, including Title VII of the Civil Rights Act of 1964, EPA, ADA, ADEA, FMLA, FLSA, and state labor and wage laws
  • Managing a portfolio of employment litigation, including selection and management of outside counsel, development of strategy, setting budgets, review of pleadings, facilitating discovery, and optimizing case resolutions
  • Promptly responding to client inquiries
  • Performing legal research and communicating findings in a clear and concise manner
  • Apprising business clients and risk partners of developments in the employment laws and regulations applicable to their policies and procedures
  • Working with human resources compliance officers to ensure appropriate interpretation of and compliance with laws and regulations applicable to human talent management and related services and activities
  • Assisting other attorneys on an as-needed basis with legal assignments
  • Counseling business and risk partners regarding policies, procedures, and templates to account for applicable employment laws and regulatory requirements

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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