Full-Time

Recovery and Resolution Planning Analyst

Posted on 9/10/2024

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
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. 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. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service, aiming to reduce 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

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and market reach.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from Betterment and Wealthfront could erode Altruist's market share.
  • Rapid tech advancements may strain Altruist's resources if not managed well.
  • Integration with third-party providers may lead to data security vulnerabilities.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and automated rebalancing.
  • Altruist provides original content, offering actionable insights for independent financial advisors.

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