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Full-Time

Recovery and Resolution Planning Analyst

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Entry, Junior

Winston-Salem, NC, USA

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • College Degree in accounting, economics or finance or equivalent education and related training.
  • Excellent organizational skills and ability to lead and manage projects independently as well as in a team setting.
  • Excellent communication skills (verbal and written).
  • Strong proficiency in MS Excel, MS Word, and other MS Office applications.
  • Conceptual ability to analyze problems and devise solutions, including quantitative analysis and research skills.
  • Knowledge of VBA, SAS, or other data automation applications.
  • Ability to operate effectively in a team environment and multi-task on multiple projects.
Responsibilities
  • Develop and distribute data element templates for the population of financial, organizational, and narrative components of the recovery and resolution plans.
  • Develop relationships with key stakeholders across the enterprise, advising on applicable recovery and resolution planning rules and regulatory guidance.
  • Manage and facilitate workstreams related to data sourcing, capabilities enhancements, and quality assurance.
  • Monitor and advise on regulatory developments by staying abreast of supervisory guidance (e.g., Supervisory and Regulation Letters) and industry publications applicable to recovery and resolution planning.
  • Develop and perform key controls, including sampling and testing of datasets that feed the recovery and resolution plans.
  • Develop and maintain necessary governance documentation including policies and procedures, controls, and process flows.
  • Perform these and other duties, including work on multiple projects as assigned, independently and with minimal supervision.

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

5%

1 year growth

19%

2 year growth

46%
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.