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Full-Time

ABL Structuring VP or Director

Confirmed live in the last 24 hours

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

Category
Corporate Finance
Risk Management
Finance & Banking
Required Skills
Financial analysis
Data Analysis
Requirements
  • BA/BS degree
  • Licenses: Series 79 or 63
  • 7-11 years of related work experience
  • Strong technical skills, (including financial analysis, modeling,)
  • Demonstrated analytical skills - ability to distill complex data into concise and relevant issues.
  • Strong interpersonal skills which foster teamwork, trust and accountability
  • Demonstrated ability to collaborate across functional areas to facilitate execution
Responsibilities
  • Underwrite and close ABL transactions; Begin to exhibit independent structuring thoughts
  • Mentor, coach and develop junior talent.
  • Demonstrate thorough qualitative and quantitative analysis; identify, quantify, and prioritize transaction risk.
  • Negotiate basic legal documents.
  • Comply with risk policies and procedures.
  • Work with originations, portfolio management, legal, compliance and risk partners to facilitate seamless execution.
  • Demonstrate Truist culture and values.

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 a lower cost. Unlike competitors, Truist provides these services for free, monetizing through a custodian service that helps RIAs reduce 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

10%

1 year growth

24%

2 year growth

53%
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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