Full-Time

Treasury Quantitative Analyst II or III

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Junior, Mid

Charlotte, NC, USA

Category
Risk Management
Quantitative Analysis
Quantitative Research
Quantitative Finance
Finance & Banking
Required Skills
R
SQL
MATLAB
Data Analysis
Requirements
  • 2+ years' experience in financial services industry with focus on model development and quantitative analytics - PhD in a quantitative discipline may substitute for experience expectations
  • Master's degree in Statistics, Econometrics, Actuarial Science, Applied Mathematics, Operations Research, or other applied quantitative science, or equivalent education and related training
  • Demonstrated experience performing advanced quantitative analysis and developing econometric models
  • Practice analyzing and manipulating large and complex data to identify data integrity issues and researching industry practices related to model methodologies.
  • Contribute to a positive and highly engaged team
  • 4+ years’ experience in financial services industry with focus on model development and quantitative analytics – PhD in a quantitative discipline may substitute for experience expectations
  • Strong verbal, written, interpersonal, and consultative communication skills with well-developed presentation skills
  • Proficiency utilizing Microsoft Office tools to prepare and present analysis
  • Expertise with SAS and SQL (or significant demonstrated experience with alternative quantitative programming languages – R, Matlab, etc.)
  • Excellent analytical and quantitative skills
Responsibilities
  • Develop models and analytics in support of CCAR, internal stress testing, capital planning, NII forecasting, ALM, EVE, and those associated models and qualitative methodologies.
  • Contribute to a positive and highly engaged team by championing a positive working environment through relationship development with peers, direct reports, and leadership - proactively seek guidance, clarification, and feedback
  • Apply with limited support documentation, development, and implementation standards and procedures.
  • Utilizing limited instruction, exhibit the ability absorb direction and develop and implement quantitative models consistent with management expectations.
  • With support address model validation recommendations and remediate issues.
  • Utilize quantitative techniques to measure and analyze model risks and form opinions on the strengths and limitations of the respective models.
  • Build, monitor, and review existing models. This includes conducting ongoing communication with model owners and model developers during the course of the entire model development and model review process.
  • Facilitate user and management understanding and acceptance of proposed models by preparing high quality documentation, including presentations, explaining the model and its validity for its intended use. Provide support during verbal presentations to stakeholders and oversight groups.
  • For deployed models, develop and execute ongoing model verification, performance reporting, and assist with change management processes and procedures, including but not limited to, back testing, including outcomes analysis. Work with model users and stakeholders to ensure models are fulfilling the objectives set for them.
  • Ensure that models comply with Truist requirements for model development, documentation, ongoing verification, coding standards, change management and other policy requirements; address model validation recommendations and remediate issues.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently and serve more clients at lower costs. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces overhead costs for RIAs. The company's 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

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

40%

2 year growth

73%
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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