Full-Time

Commercial Banker

Baltimore, MD

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Compensation Overview

$95.2k - $180.8kAnnually

Mid

Baltimore, MD, USA

Requires physical presence in Baltimore, Maryland.

Category
Commercial Banking
Finance & Banking
Required Skills
Financial analysis
Requirements
  • Bachelor's degree, or equivalent education and related training
  • Three to eight (3-8) years of experience
  • Clear understanding of credit and finance
  • Excellent verbal and written communication skills
  • Excellent negotiation skills
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
Responsibilities
  • Leverage the Truist Sales Process, Financial Insights, and the Industry & Advisory team to consistently deliver a differentiated client experience in all client, prospect and center of influence (COI) interactions.
  • Manage, service and grow an assigned book of commercial banking clients.
  • Execute on prospecting activities to grow new commercial banking households.
  • Understand and contribute to the credit decisioning process, including analysis and interpretation of financial statements, credit structuring, underwriting requirements, policy knowledge, risk identification and mitigation, all in accordance with the Truist credit risk appetite.
  • Focus on driving continual improvement in portfolio revenue growth and new production revenue.
  • Proactively contact clients to fully develop commercial banking relationships by executing on Integrated Relationship Management (IRM) principles.
  • Include the identification of all business and personal financial needs and bring in the appropriate partners to deliver Truist solutions.
  • Monitor, maintain and update sales activity, pipeline, and other pertinent information using the Bank’s client relationship management (CRM) system.
  • Execute on all risk, operational, policy and quality expectations related to assigned client portfolio.

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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